Plan and Policy

Plan & Policy

Himachal sees highest voter turnout at 74%

Himachal Pradesh on Thursday recorded its highest polling in assembly elections with 74 per cent of voters exercising their franchise, the Election Commission said.  The figure was till 5 pm and the final polling percentage may be revised as final voting figures are yet to be tallied.  Polling was still on in about 500 booths.

The previous highest polling percentage of 73.5 was recorded in the 2012 assembly polls, Deputy Election Commissioner Sandeep Saxena said. In the 2014 Lok Sabha polls, it was 64.45 per cent.

Kerala govt tables solar scam report in Assembly amid uproar

In a huge blow to the Opposition Congress-led UDF in Kerala, a judicial commission has indicted former chief minister Oommen Chandy along with his personal office staff in the multi-crore solar panel scam, holding they all had “assisted” accused Saritha S Nair in “cheating” customers.

The Justice G Sivarajan commission’s four-volume 1,073 page report that probed the scam was tabled by Chief Minister Pinarayi Vijayan in the state assembly at a special session on Thursday and copies were made available to the media.

HC reserves orders on petitions challenging TRAI regulations

The Madras High Court today reserved its orders on a batch of petitions challenging the regulations of TRAI pertaining to access charges levied by owners of cable landing stations (CLS), where submarine cables providing international connectivity terminate in India.

The first bench of Chief Justice Indira Banerjee and Justice M Sunder reserved its orders on writ appeals by Tata Telecommunication Ltd and Bharti Airtel.

Mining can help create 6m more jobs by 2025

The mining sector could contribute 7-8 per cent to India’s gross domestic product (GDP) and help it achi­e­ve 9 per cent growth in coming years as well as crea­te 6 million more jobs by 2025.

India produces 87 minerals, which include 4 fuel minerals, 10 metallic minerals, 47 non-metallic minerals, 3 atomic minerals and 23 minor minerals. “But the country has seen continuous decrease of the mining sector share in GDP and that is holding the economic gr­o­wth,” said Sunil Duggal, ch­ief executive officer of HZL.

Import duty on wheat doubled to 20%

The central government on Wednesday doubled the import duty on wheat to 20 per cent to curb cheap shipments and give positive price signal to farmers in the ongoing rabi season. It also imposed import duty of 50 per cent on peas to check cheaper shipments from countries like Canada.

The central board of excise and customs in a notification said it seeks “to increase rate of basic customs duty on peas, from zero to 50 per cent and wheat from 10 per cent to 20 per cent.”

Don’t allow dubious promoters to submit rehab plan: Jindal

To prevent the misuse of the insolvency and bankruptcy code (IBC), dubious prom­oters should not be allowed to submit rehabilitation plan under the insolvency law, JSW Steel chairman Sajjan Jindal said in a tweet on Wednesday.

The JSW chief’s remark comes a day after the Insolvency and Bankruptcy Boa­rd of India (IBBI) anno­u­nc­ed putting in place strict no­r­ms for resolution plan approval under the insolvency law, wherein an applicant’s antecedents and credit worthiness will be checked.

CoD transactions in e-commerce dip

Increased levels of activation, offers and discounts by e-wallets and credit/debit card companies in the past one year have seen the share of cash on delivery (CoD) for e-commerce transactions significantly coming down from around 70 per cent to 10 per cent

A survey by cash-back and coupons provider Cashkaro, which is backed by Ratan Tata, finds that net banking and credit/ debit cards now account for 60 per cent of the transactions and the share of e-wallets have gone up to 30 per cent, while cash on delivery shrunk to 10 per cent.

Another round of petrol, diesel excise duty cut on the cards

The government may soon consider another round of excise duty cut on petrol and diesel. It is to prevent rising crude oil prices from adversely affecting the retail price of these two consumer-sensitive products.

Sources said that a decision to cut duty would be taken after a review of oil prices next month, post the Gujarat elections.

“If the price of Indian basket of crude breaches the $65 mark by then, another Rs 2 per litre cut in excise duty on petrol and diesel cannot be ruled out,” a source privy to the discussions in the finance ministry said.

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