Plan and Policy

Plan & Policy

Maharashtra burns as Pune caste clash fire spreads

Several towns and cities in Maharashtra were on edge on Tuesday as Dalit protests against Monday’s violence in Pune spilled over to capital Mumbai, with agitators damaging scores of buses, and disrupting road and rail traffic, officials said.

Clashes between Dalit groups and supporters of right-wing Hindu organisations during the 200th anniversary celebrations of the Bhima-Koregaon battle in Pune district had left a man dead on Monday.

Doval’s wings clipped, Khanna is deputy NSA

Rajinder Khanna, former chief of the country’s external intelligence agency RAW, was on Tuesday appointed as deputy national security adv­iser (NSA), according to an official order.

India faces power paradox

India is adding the least amount of coal-fired power in more than a decade as tepid demand from indebted state retailers fails to utilise the nation’s existing generation capacity.

Coal-fired capacity, which accounts for more than three quarters of the nation’s electricity, rose by 809 megawatts during the April-November period, according to Bloomberg calculations based on the latest available data from the Central Electricity Authority (CEA), the planning wing of the power ministry.

Disclosing liquidation value to bidders not must

The government on Tuesday notified amendments to the Insolvency & Bankruptcy Code (IBC) that makes it not necessary for liquidation value of a stressed asset to be disclosed in the information memorandum to prospective bidders. At the same time, it is mandatory to identify sources of funds used for paying off lenders.

Govt notifies 1% GST on manufacturers under composition scheme

The government has notified lower 1 per cent GST rates for manufacturers who have opted for composition scheme as well as easier norms for traders opting for it.

The finance ministry has notified the changes decided by the GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state counterparts, in November 2017.

The notification stipulates that manufacturers who have opted for composition scheme will now have to pay 1 per cent Goods and Services Tax (GST) as against 2 per cent earlier.

Islamabad bars Saeed’s JuD, FiF from collecting donations

Pakistan’s financial regulatory body on Monday banned Mumbai attack mastermind Hafiz Saeed-led Jamaat-ud Dawa and Falah-i-Insaniat Foundation from collecting donations, according to a media report.

The Securities and Exchange Commission of Pakistan (SECP) prohibited the collection of donations by the JuD, the front organisation of banned outfit Lashkar-e-Taiba, as well as several other such organisations named in a list of banned outfits by the UN Security Council, the Dawn reported.

PM’s remark deals a blow to floriculture industry

The Indian floriculture industry has taken a moral beating in the domestic and international markets after prime minister Narendra Modi said no to flowers, the South India Floriculture Association (SIFA) has said.

It may be recalled that, during one of his Mann Ki Baat radio programmes last year, Modi had said people should gift useful stuff like books or khadi handkerchiefs and not flower bouquets, as flowers don’t last long.

Recovery signs in a clouded horizon

With the effects of demonetisation and the transition hiccups of the goods and services tax (GST) firmly behind, India’s economic growth is likely to pick up in the new year but rising oil prices and a firming inflation may spoil the party.

Some believe 2017 is best forgotten as the twin blows of demonetisation and mangled GST ripped the economy for the most part.

By some accounts, loss to GDP (gross domestic product) has been estimated to be around 2 per cent of the GDP. This translates into Rs 3.05 lakh crore considering 2016-17 GDP of Rs 152.51 lakh crore.

Financial, education & employment frauds on the rise: expert

Forensic, is a word that we quickly attribute to the police or investigating agencies. But in reality, forensic is important for everyone, as anyone could be the victim of a crime anytime, says India’s foremost forensic scientist KPC Gandhi, who investigated several bank, corporate, education and recruitment scams including the infamous Vyapam in Madhya Pradesh.

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