Plan and Policy

Plan & Policy

Indian consumer sentiment remains stable in June

Consumer sentiment regarding personal finances, business and buying conditions remained stable in June despite a rate hike by the Reserve Bank of India, as consumers said they are benefiting from the revival in growth, says a report.

The GICI (genesis India consumer indicator) – a monthly indicator tracking consumer sentiment pan-India across personal finances, business conditions and buying conditions – remained broadly stable at 60 in June compared with 60.45 in May.

Oil importers look at US shale as alternate to Iran supply

The US is likely to become the biggest gainer of its decision to impose sanctions on Iran with major oil importing countries, including India, looking to substantially increase crude oil imports from America if shale producers there are willing to offer good terms.

Monsoon rains cover India, but kharif sowing yet to pick up pace

Even as monsoon rains, the lifeblood of India’s agriculture-dependent economy, covered the entire country on Friday, more than a fortnight ahead of the normal schedule, sowing of kharif crops is yet to pick up pace.

The revival of monsoon rains in the grain bowl of northwest and central regions should help speed up the sowing of summer crops such as rice, corn, soybeans, oilseeds and cotton.

Bank consolidation back on the table

The finance ministry is du­sting off merger proposals of public sector banks and has started weighing opt­ions to create few more ba­nks of the size of SBI, sources said.

The country’s largest le­n­der State Bank of India last month had made presentation twice before he­ads of other public sector lenders to share its experience of consolidation of five SBI associate banks and Bh­aratiya Mahila Bank with itself.

Vodafone gears up to challenge fresh spectrum fee demand

British telecom major Vodafone, which is in the midst of a merger plan with Indian telco Idea Cellular, has decided to challenge any further spectrum fees demand from the telecom department in relation to one of its earlier subsidiary merger issues, sour­ces said.

11 of a family found dead in Delhi home

Shock gripped north Delhi’s Burari neighbourhood as 11 members — seven of whom were women and two teenagers — of a family were found dead in a flat in what appears in preliminary investigations to be a suicide pact triggered by occult practices.

The police found hand written notes in the house indicating some mystical or spiritual practices followed by the family. The description in the notes had an eerie resemblance with the scene of the incident and the manner in which the bodies were tied and gagged.

Mandsaur rape: Protests spread across India

The DNA samples of the two men arrested on charges of abducting and raping a minor girl in Mandsaur were sent for examination and a special investigation team had been formed to speed up the probe.

The SIT will be headed by City Superintendent of Police (CSP) Rakesh Mohan Shukla and will also include a legal adviser.  Shukla said 70 per cent of the investigation had been completed and a blood-stained knife, the victim’s school bag, among other things, were recovered.

India set to be $5t economy by 2025

President Ram Nath Kovind on Sunday said the Indian economy is set for a surge with the GDP (gross domestic product) size expected to double to $5 trillion probably by 2025.

Centre plans to buy out stalled pvt ports

In a role reversal, the Centre has now set its eyes on buying out greenfield port projects that are either stuck or stalled due to the financial and operational failure of private sector operators.