Plan and Policy

Plan & Policy

Xi assures neighbours to resolve disputes through dialogue

President Xi Jinping today assured China's jittery neighbours that Beijing is ready to resolve its disputes through dialogue but not at the expense of its strategic interests, as he opened a key meeting of the ruling Communist party elite that will boost his grip on power with a second term and even an unprecedented third innings.

India tightens gold import norms for nominated agencies

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world’s two most populous nations over their shared border.

Poor Delhi air may lead to parking fee hike

Delhi’s air quality, which has entered the red zone, may trigger an increase in the parking fee for vehicles by up to four times in the next few days. The measure, if required, will be enforced under the Graded Response Action Plan, under which a series of measures will be taken based on the severity of air pollution in winter. Measures under the ‘very poor’ and ‘severe’ categories of the plan came into force on Tuesday, under which the Badarpur thermal power plant has been closed and diesel generator sets have been banned in Delhi among other actions.

Govt may stick to deficit target, step up bank reform

India is likely to stick to its fiscal deficit target of 3.2 per cent of GDP, and may accelerate sales of government stakes in lend­ers and other firms as part of an effort to recapitalise ba­nks, an adviser to the prime minister said on Tuesday.

Prime minister Narendra Modi’s government has already used up nearly all of its budget for the current financial year and tax revenues are expected to fall far short of initial expectations. At the same time economic growth has slowed, sparking calls for more stimulus.

Where are customers, ask retailers

This close to India’s glittering festive season, the cash register at Neha Tandon’s clothes store should be working overtime as revellers snap up elegant sarees for Diwali celebrations and lavish wedding parties.

But the traditional spending sprees have not transpired this festival season, the first since a sudden recall of India’s high-value banknotes sent shockwaves through Asia’s third-largest economy.

Onion prices jump: PMO in damage control mode Nashik mandis told to curtail Diwali break

Swinging into action, the PMO has directed the Maharashtra government to avert any crisis arising from long Diwali holidays announced by traders, potentially cutting supplies.

 This comes after fears that a further spurt in onion prices in Delhi could have a negative impact in Gujarat and Himachal Pradesh polls next month.

 The all India average retail price of onion has surged over 33 per cent to Rs 33.33 a kg in the last 15 days, according to the consumer affairs ministry data.

Differences out in open as Niti backs stimulus

Bringing to sharp focus different thought processes of policymakers to revive the economy, Niti Aayog vice-chairman Rajiv Kumar (in pic) on Monday said there is a scope for stimulus package to boost the economy.

A day before, finance minister Arun Jaitley, while talking to reporters in Washington, had feigned ignorance about plans of a stimulus package. Rajiv Kumar’s views also contrast with the newly constituted Prime Minister’s Economic Advisory Council (PMEAC), which is not in favour of any step that will breach fiscal discipline.

Talwars walk out of jail quietly

Dentist couple Rajesh and Nupur Talwar on Monday walked out of Dasna Jail after being acquitted in the Aarushi-Hemraj double murder case by the Allahabad High Court. The Talwars, who have been behind bars for nearly four years, walked out of the jail at 5 pm.

Police escorted the couple to Nupur’s parents' house in Noida’s Jalvayu Vihar, the locality where they stayed when their daughter and their domestic help, who were murdered in 2008. There was mayhem on the road outside the jail with mediapersons scrambling to capture the couple walking out.

Modi dares Cong to contest Guj elections on development plank

Sounding the poll bugle for Gujarat Assembly election, Prime Minister Narendra Modi on Monday excoriated the Congress and the Nehru-Gandhi family, accusing it of disliking Gujarat and Gujaratis. He also alleged a “conspiracy” was hatched by the Congress to put him in jail, in an apparent reference to accusations of his complicity in the 2002 post-Godhra riots.