Plan and Policy

Plan & Policy

CBI unearths Rs 396 cr of alleged slush funds after note ban

Continuing with government steps to clamp down on black money, the CBI has unearthed Rs 396 crore of alleged slush funds in 84 cases registered by it relating to illicit currency exchange that took place after the government announced demonetisation of Rs 1,000 and Rs 500 notes a year ago.

The CBI found the illicit cash acting on references from the general public and other agencies.

1952 London redux: Toxic smog suffocates Delhi

Delhiites breathed poison on Wednesday with pollutants touching calamitous levels, as a thick grey smog hung low across the region, prompting the government to declare closure of schools till Sunday, halt construction activities and ban entry of trucks in the city.

Note ban hit realty sector hard, made it transparent: Experts

Housing sales were hit badly and prices fell post demonetisation but the realty sector benefited from the move as it led to greater transparency in the market, say property developers and consultants.

Land and luxury housing deals were severely affected after the demonetisation of Rs 500 and Rs 1,000 notes, announced on November 8 last year, as such transactions generally involved black money component.

A step forward has been taken and the vision is to make India a USD 10-15 trillion economy, DLF CEO Rajeev Talwar said when asked about the impact of notes ban.

Manmohan flays Modi over DeMo; Jaitley responds in kind

Finance minister Arun Jaitley on Tuesday challenged former prime minister Manmohan Singh’s description of demonetisation as ‘organised loot,’ saying the note ban was an ethical drive and moral step. The two leaders traded barbs exactly a year after prime minister Narendra Modi banned high currency notes in a surprise decision on November 8, 2016. The Congress has decided to observe November 8 as black day while the ruling BJP is celebrating it as anti-black money day.

Rural reach-out: 25% low bandwidth rates offered

The telecom department has introduced up to 25 per cent discounts in the price of bandwidths for private telcos, which would now provide the last mile broadband connectivity in the rural areas. The move is aimed at easing tariffs charged by service providers.

To provide affordable broadband services in rural areas, a new tariff structure, driven by ‘more you use, less you pay’ principle, has been finalised. This tariff structure is expected to be reflected in prices to be charged from consumers, said communications minister Manoj Sinha here on Tuesday.

Infosys to set up innovation hub in Indiana: Nilekani

Software major Infosys is opening an innovation hub in Indiana and would hire 2,000 people for it, with plans to set up many more such hubs in the US, Infosys non-executive Chairman Nandan Nilekani said here on Tuesday.

"We are working closely with the Indiana government and hiring people locally both from universities as well as experienced people," he said at the two-day conference on Unlocking US-India Trade Potential.

JeM chief’s nephew Tallah Rashid killed in J&K

One of the three terrorists gunned down by security forces in south Kashmir’s Pulwama district is believed to be the son of Abdul Rauf, the key conspirator behind the 1999 hijacking of an Air India plane and brother of Jaish-e-Mohammed chief Maulana Masood Azhar, a senior Union home ministry official said. He is understood to have infiltrated into India about four months ago with 15 others.