Plan and Policy

Plan & Policy

Volkswagen to contest NGT fine of Rs 171.34 cr

A four-member committee formed by the National Green Tribunal has recommended Rs 171.34 crore fine on German auto major Volkswagen as "health damages" for causing air pollution in Delhi due to excess nitrogen oxide (NOx) emissions.

White is the most preferred car colour in India

When it comes to car colours, white is the most-preferred choice for many Indian consumers with 43 per cent of them opting for the tone in 2018, according to a report by global paints major BASF.

According to the 'BASF Color Report for Automotive OEM Coatings' by BASF's Coatings Division, the other two most popular car colours last year were grey and silver with each finding preferences of 15 per cent of buyers. Red with 9 per cent was the other popular colour, followed by blue at 7 per cent, while black had just 3 per cent buyers.

MPC could leave rates unchanged in February

Weak economic growth and low inflation numbers released recently seems to have created a headroom for the Reserve Bank of India’s Monetary Policy Committee (MPC) to consider changing its monetary policy stance from caliberated tightening to neutral. However economists remains divided on opinion if the MPC would cut interest rate in the February monetary policy on elevated level of core components such as health, education, household and personal goods.

Jaitley expected back on Saturday

Finance minister Arun Jaitley has unexpectedly left for the US for a medical check-up in follow-up of a kidney transplant he had undergone in May last year and is expected to be back this week, official sources said.

Though his departure was sudden, the sources said it could be treated as a regular check-up, but his family has not disclosed any details. The FM, who left on Sunday, is expected to be back by Saturday. There was also no official communication either on the state of the minister’s health or about his US trip.

Govt asks banks to table capital raising plans

After giving fresh capital to public sector banks (PSBs), the government will now seek details of their fund raising plan for the next financial year to ensure that the exchequer is not burdened with additional capital infusion, as has been done this year.

UP, Bihar will decide who gets Centre, says Tejaswi

Stressing the message of BSP-SP alliance has gone down well throughout the country, RJD leader Tejaswi Yadav on Monday said that Uttar Pradesh and Bihar will decide who will be in power at the Centre after the Lok Sabha polls.

AAP MP Sanjay Singh moves SC seeking review of Rafale verdict

Aam Aadmi Party (AAP) lawmaker Sanjay Singh on Monday moved the Supreme Court, seeking review of the verdict by which several pleas challenging the deal for procurement of Rafale fighter jets were dismissed. A bench headed by Chief Justice Ranjan Gogoi, on December 14, had dismissed as many as four petitions challenging the deal and had said that there was no occasion to "really doubt the decision making process", warranting setting aside of the contract.

90% of wood for paper grown by farmers in India

Paper industry has always been criticised for destroying forests and precious trees. However, 90 per cent of the demand for wood in India for the paper industry is met with farm forestry or using trees specifically planted for the industry.

According to Indian Paper Manufacturers Association, the wood for manufacturing of paper comes from cultivated trees grown by farmers. Paper Industry in India is not a forest-based industry, but an agro-based industry, providing jobs and income to lakhs of farmers.