Plan and Policy

Plan & Policy

Tractor firms eye 15.5% sales growthq

Tractor manufacturers in India, who sold 15.5 per cent more farm machines between April and October, are likely to hit a high of 15 per cent sales growth in FY18. Industry experts said the industry sold 4,54,454 tractors in Asia’s third biggest economy in April-October and the sector is set to end FY18 with a 15 per cent growth (6,70,271 units) over FY17.

Simple home content policies see better offtake

Home and home contents insurance is an under-penetrated category in India. Insurers who have simplified their policies are seeing significantly high growth in offtake.

Royal Sundaram re-launched its home structure and contents policy in January this year, making the product simpler for customer both at the time of purchase and claim. Between April and September this year, the policy has seen 100 per cent growth in premium. The new and old home insurance category has been growing by 10-12 per cent.

Digital world to create new, highly skilled jobs, says Kant

The digital world is going to change the way factories operate, with the digitisation process leading to job losses, but it will also create a plethora of highly skilled employment opportunities in the long run, Niti Aayog CEO Amitabh

Kant said today.

He also said that in the connected world, manufacturing will become customer-centric and India must embrace technology with all its might.

"India should not miss the opportunity presented by the fourth industrial revolution, which will also create new kinds of highly paid and highly skilled jobs.

Govt advances BS-VI fuel roll out in Delhi to cut pollution

The government today preponed introduction of ultra-clean Euro-VI grade petrol and diesel in the national capital by two years to April 2018 to help fight air pollution that has reached alarming levels.

India in 2015 decided to leapfrog straight to Euro-VI emission norm complaint petrol and diesel from April 2020 from current Euro-IV grade.

Eating out, items of daily use get cheaper on lower GST

Eating out and mass consumption products have become cheaper as the lower GST rates on over 200 items come into effect from today.

Large retail outlets have also started advertising the downward revised prices of FMCG items like Shampoo, detergent and beauty products on account of reduction in Goods and Services Tax (GST).

The government has notified lower GST rates in over 200 items, including chocolates, waffles, furniture, wrist watch, cutlery items, suitcase, ceramic tiles and articles of cement.

WPI inflation at 6-month high of 3.59%

India’s wholesale pr­i­ce-based inflation surged 3.59 per cent in October, the highest in 6 months, on ac­count of costlier food and fuel. This, compar­ed with 1.27 per cent in October last year and even 2.6 per cent in September, may put the government in the fire-fighting mode as it will never allow the inflation to reach a level, which may deflate its claim of success on price rise.

Umar Khan killing: 2 arrested; cow smuggling case against dead, 2 others

Two persons were arrested for allegedly killing 35-year-old Umar Khan who was found dead near railways tracks in the Ramgarh area of Alwar district, police said on Tuesday. The police have also lodged a cow smuggling case against Umar Khan, and two other persons, Tahir Khan and Javed, officials said.

“Bhagwan Singh Gurjar alias Kala and Ramveer Gurjar, residents of Markapur area, were arrested for killing Umar Khan. They were arrested late yesterday night,” SP Alwar Rahul Prakash said. The two were being interrogated and a hunt is on for the other accused, he said.