Plan and Policy

Plan & Policy

Govt 'avoiding' Par session in view of Guj polls: Cong

The Congress today alleged that the government was "avoiding" the Winter Session of Parliament in view of the Gujarat assembly elections and to evade discussion on issues the opposition want to raise like scams of ministers, Rafale deal, GST and note ban.

The opposition party alleged the Modi government is working under its model of "bypass, bulldoze and betray", which is an "attack on democracy".

FMCG firms slash prices post GST reduction

FMCG companies, including ITC, Dabur, HUL and Marico, today said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers.

Mumbai down 10 slots, Delhi 7 on list of preferred investment destinations

Implementation of the goods and services tax (GST) and the last year’s note-ban have not only created liquidity issues for the real estate sector but also impacted investment and development prospects of the cities, thereby pulling down their rankings, a report has said.

As per a survey conducted jointly by the Urban Land Institute and consultancy PwC, the initial effects of demonetisation and GST reforms reflected in the investment and development prospects of the country’s cities, which have moved out from the premier positions of last year.

Tech role in raising power sector efficiency stressed

India Uniper Power Services (IUPS), the 50:50 joint venture between India Power Corporation (IPCL), a Kanoria Foundation entity, and Uniper of Germany, is betting big on prospects of technology intervention and data analytics in thermal power sector in the country.

Bond yields dip as RBI drops OMO sale

Indian bond yields fell sharply on Monday after the Reserve Bank of India (RBI) announced scrapping its plans of selling bonds worth Rs 10,000 crore via open market operations (OMO) following Moody’s rating upgrade on India. In addition,  supply pressures eased as the central bank trimmed the state bond loans sale, boosting sentiments.

The yield on the benchmark 6.79 per cent bond due in 2027 dropped 16 basis points to 6.89 per cent on Monday, the biggest fall in a year. It had climbed to 7.10 per cent on November 16, the highest since September 2016.

Beijing objects to Kovind’s Arunachal visit

China has strongly objected to President Ram Nath Kovind’s visit to Arunachal Pradesh, saying India should refrain from “complicating” the border dispute when bilateral relations are at a “crucial moment”.

President Kovind visited Arunachal Pradesh on Sunday. For India, this is the state is where the sun first rises each day, and from here light is spread across the country, Kovind said inaugurating the new state assembly building. He also remarked on several steps taken by the federal government to advance the state’s transport links.

Sonia, Jaitley spar over winter session

Sonia Gandhi and Arun Jaitley on Monday clashed over the delay in convening the Winter session of Parliament with the Congress chief accusing the Modi government of sabotaging it on “flimsy grounds”

Eggs go out of reach as price zooms to Rs 7 apiece

Consumers shopping for eggs on Monday morning were taken aback. Prices have shot up to Rs 7 apiece in the national capital region. Till a day ago or so, they were being sold at Rs 5 apiece. The Poultry Federation of India (PFI) even said prices would go up further in the coming months. Traders attributed the sharp jump within a matter of 24 hours to higher prices in Barwala (Haryana), India’s largest wholesale market for eggs. At Barwala, rates rose by Rs 107 per 100 pieces in the first fortnight of this month.

Logistics gets infra tag; cheap funds, tax sops dual gains

The government has accorded infrastructure status to the logistics sector, a move that enables the segment to access low-cost funds from banks and financial institutions.

Inclusion of logistics in the overall definition of infrastructure will also mean the sector will enjoy duty and tax incentives while importing capital goods.

Industry experts said the decision is a big positive for the logistics sector and also reinforces its important position in the overall supply-chain, one of the focus areas of the government to make local industry more competitive.

FinMin to consult law ministry on inclusion of realty under GST

As plans are afoot to include sale of land and properties under the goods and services tax (GST), the finance ministry is expected to consult the law ministry on the suggestions before taking up the matter for discussions in the next GST Council meeting.