Plan and Policy

Plan & Policy

Laws for spectrum surrender by telcos on the cards

The department of telecom (DoT) is framing rules for telcos to surrender spectrum and exit the business. It has constituted a panel under the telecom engineering centre (TEC) to work out a mechanism for this process.

The department’s move comes close on the heels of the telecom regulator suggesting that a carrier can shut its services without surrendering its licence, but must immediately surrender non-auctioned spectrum and also inform customers 30 days in advance before it closes its operations.

RBI cautions govt against stimulus

The Reserve Bank of India governor Urijit Patel on Wednesday cautioned the government against a stimulus package to revive the sagging growth that has fallen below 6 per cent for the first quarter of FY18.

The Monetary Policy Committee (MPC) of the RBI warned that any economic stimulus along with farm loan waivers could push up the fiscal deficit by one percentage points and a surge in inflation by 0.50 per cent.

RBI paints dim picture; projects higher inflation, lower growth

As widely expected, the Monetary Policy Committee (MPC) of the central bank decided to keep interest rates unchanged, shrugging off government pressure to cut rates to boost economic growth.

Highlighting the loss of momentum in the first quarter of the fiscal and adverse impact of GST on the manufacturing output in the short-term, the Reserve Bank of India (RBI) lowered economic growth projection for FY18 by 60 basis points to 6.7 per cent from its earlier estimate of 7.3 per cent with risks evenly balanced,

PM vows to reverse economic slowdown, lashes out at critics

Breaking silence on the slump in economy, prime minister Narendra Modi on Wednesday took on the doomsday pred­ictors by di­shing out nu­m­bers signaling sound fin­ancial health of the country. To silence critics, he sa­id the country had seen wo­rst GDP (gross domestic product) de­cline during the UPA regime.

GST continues to drag down exporters reeling under cash crunch

More measures are on the anvil to give succour to exporters, who are reeling under tight liquidity situation due to cash blockage post-GST rollout. Steps being considered by the government include instant refund of taxes paid by exporters. This is expected to improve liquidity situation.

Exporters, who have seen their shipments declining in recent months, have put forward a number of demands including exemption of imported raw materials from GST instead of the requirement to first pay the tax and then claim a refund later.

Dera case: Honeypreet arrested by Haryana Police from Punjab

After being on the run for over a month, Honeypreet Insan, adopted daughter of the jailed Dera Sacha Sauda chief, was arrested on Tuesday by the Haryana Police in connection with the violence that followed the sect head’s conviction.

Priyanka Taneja alias Honeypreet was arrested from Zirakpur-Patiala road, Haryana Police DGP BS Sandhu said. “We have arrested her,” the DGP said.