Plan and Policy

Plan & Policy

Parliament not immune to casting couch: Renuka Chowdhury

Hours after veteran choreographer Saroj Khan created outrage by defending the casting couch culture in Bollywood, Congress leader Renuka Chowdhury on Tuesday said the casting couch was the “bitter truth” of all work spaces and even Parliament was not immune to it.

Muslim blood on Cong hands, agrees Khurshid

Former Law minister Salman Khurshid put his Congress party in an embarrassment by admitting that there are Muslims’ blood stains on the Congress hands. Khurshid made the remark in response to a question by an Aligarh Muslim University (AMU) student at a programme.

Govt to frame e-comm policy to boost growth, protect consumers

The government on Tuesday decided to set up a task force to finalise the contours of a policy on the fast growing e-commerce sector to boost growth and also to keep consumer interests in mind, a top official said here. The decision was taken at the first meeting of the think-tank on framework for national policy on e-commerce.

The think-tank “will seek to deliberate on challenges confronting India in the ar­ena of digital economy” with a view to develop a comprehensive national policy on e-commerce, commerce secretary Rita Teaotia said.

Tdsat stays Trai’s new market power, tariff reporting norms

In a relief to incumbent operators, the telecom dispu­t­es settlement and appellate tribunal (Tdsat) on Tuesd­ay put an interim stay on reporting requirement of ‘se­g­mented offers’ and new definition, issued in Februa­ry, for ascertaining ‘significant market po­wer’ for predatory pricing by Trai.

Walmart-Flipkart deal set to disrupt online grocery space

A Walmart-Flipkart deal will disrupt the online grocery market, catapulting the combine to the lead position in the space, find industry experts.

“We are likely to see a disruption in the online grocery space with the Walmart-Flipkart partnership. Due to Walmart’s strong base in grocery, this entity is likely to go aggressive on selling grocery items online very soon, and apart from giving Amazon a run for their money in this area, online grocery retailers like Bigbasket, Grofers are likely to face the brunt of it,” said N Chandramouli, CEO of TRA Research.

Savings rates market-governed: CCI

The Competition Commission of India (CCI) has ruled out cartelisation among banks in fixing savings interest rates, after finding that the rates are based on independent assessment of market conditions rather than any collusive arrangement.

Cabinet may clear IBC ordinance today

The PMO and the law ministry have accepted all the key proposals of insolvency law panel and the cabinet is likely to take up those on Wednesday. The recommendations, if approved by the cabinet, will pave the way for out-of-court settlement of bad loans if 90 per cent of lenders support such a move.

The panel has also proposed relaxing bidders’ eligibility criteria. Under the new norms, the debarred list of bidders would include only those who have been accomplices with promoters for grabbing control of the company and creating non-performing assets (NPA).

Cong, BJP chiefs trade barbs over ‘weakening’ of institutions

Congress president Rahul Gandhi on Monday accused the Modi government of trampling on institutions like Supreme Court

to return to power, drawing a sharp retort from BJP chief Amit Shah who charged the opposition party of demonising and weakening each institution.

Govt exploring sugar cess: Paswan

With cane arrears to farmers mounting, an informal ministerial panel on Monday explored options such as production-linked subsidy, imposition of sugar cess and reducing GST on ethanol to help sugar mills in clearing dues worth Rs 19,000 crore to sugarcane farmers.

New industrial policy to be announced soon: Prabhu

The government has finalised the new industrial policy, which is set to be announced soon, commerce and industry minister Suresh Prabhu said on Monday.

The new policy will replace the industrial policy of 1991, which was prepared in the backdrop of balance of payment crisis.