Plan and Policy

Plan & Policy

UIDAI CEO new revenue secy , Murmu to head expenditure

Ajay Bhushan Pandey ,IAS (MH- 84) has been appointed as the new revenue secretary of India replacing Dr Hashmukh Adhia who retires on November 30. Pandey, is currently the CEO of Unique Identification Authority of India (UIDAI) and and will continue to hold the same till further orders, as per a notification of Appointments Committee of the Cabinet , DoPT.

J&K headed for Prez rule but assembly not to be dissolved for now: Malik

Jammu and Kashmir is headed for President's rule but the state assembly will not be dissolved for now, Governor Satyapal Malik said Friday.

His statement comes amid speculation that efforts are being made behind the scenes to cobble together a coalition government by various parties to succeed the PDP-BJP dispensation that collapsed in June when the BJP withdrew support to the Mehbooba Mufti-led PDP. 

However, the numbers for a government formation don't seem to add up for now.

'Gaja' crosses coast, rainfall pounds TN, 13 dead

Cyclone Gaja ripped through Nagapattinam early Friday uprooting trees and snapping power lines leaving a trail of destruction in coastal districts besides claiming 13 lives and flooding standing crops.

The cyclonic storm crossed Tamil Nadu's coast between Nagapattinam and nearby Vedaranyam early hours Friday, bringing in heavy rains in the coastal regions, according to a weather bulletin.

Winds gusting upto 120 kmph uprooted trees, snapped electric cables and blew off roofing-sheets.

BharatNet's poor implementation: Telecom Secy reprimands CMDs of BBNL, BSNL

The Department of Telecommunications (DoT) has come down heavily on the two implementing agencies -- public- owned Bharat Broadband Network Limited (BBNL) and BSNL of Prime Minister Narendra Modi's pet Digital India project of BharatNet -- for failing to operationalise, maintain and optimise the pan India network. 

Fitch keeps India rating unchanged for 12th yr in a row

Refusing to upgrade India's credit rating for the 12th year in a row, Fitch  on Thursday retained its sovereign rating for the country at 'BBB-', the lowest investment grade with a stable outlook, saying a weak fiscal position continues to constrain the ratings and there were significant risks to macroeconomic outlook.

Trade deficit widens to $17.13b

India's exports rose by 17.86 per cent to $26.98 billion in October mainly due to the low base effect even as trade deficit widened to $17.13 billion, according to the commerce ministry data.

The exports on monthly basis were down compared to $27.95 billion in September.

Imports during October also rose by 17.62 per cent to $44.11 billion, leading to widening of trade deficit to $17.13 billion.

The deficit widened despite a steep decline of 42.9 per cent in gold imports to $1.68 billion during the month under review.

Gurumurthy advocates govt bonds to recap PSU banks

At a time when banks are struggling to get funds from the government for lending and 11 banks are under the  prompt corrective action  (PCA) restriction list, S Gurumurthy, independent board member of the RBI, has mooted recapitalisation through government bonds.

Movie lovers help online ticketing grow

Seeking higher revenues, online ticketing companies have been diversifying into non-movie categories and pushing sales of sports and entertainment events. However, movies still continue to dominate the segment.  The online ticketing space is also being dominated by top two large players. The $330 million online ticketing industry is dominated by movie ticket purchases at 55 per cent. Entertainment events have 25 per cent and sports events 20 per cent share. 

Motormouth Ahuja not in BJP’s Raj candidate list

Having lost a sitting MP and MLA to the Opposition Congress over ticket distribution woes, the BJP is treading cautiously in announcing more candidates for the upcoming Assembly polls in Rajasthan. In its second list of candidates, the saffron party has ensured the party’s motormouths are kept on tight leash.