The government is looking at different methods to issue Rs 1.35 lakh crore recap bonds. One option the government is actively considering is setting up of a holding company in which its bank shares would be vested.
Plan and Policy
Plan & Policy
India may double import duty on wheat. It is designed to send a signal to farmers, who have started sowing the crop after harvesting their monsoon-sown cereals to ensure that there is no diversion to any other produce and the production meets the target.
The finance ministry will issue the notification in the next few days, raising the import duty on wheat to 20 per cent from 10 per cent, an official said.
The matter was discussed early this month at the committee of secretaries (CoS), headed by the Union cabinet secretary and there was a consensus to increase the levy.
Jammu and Kashmir Chief Minister Mehbooba Mufti on Thursday said situation in the state has improved a lot as violence has come down significantly.
She said this after holding an hour-long meeting with Union Home Minister Rajnath Singh, three days after the appointment of former Intelligence Bureau director Dineshwar Sharma as the special representative who will hold talks with all stakeholders in the state. “Situation in Jammu and Kashmir has improved as violence has come down a lot,” she told reporters here.
External Affairs Minister Sushma Swaraj and Minister of State for Tourism KJ Alphons have both written to the UP government seeking strict action in the attack on Swiss tourist couple at Agra’s Fatehpur Sikri.
The couple was attacked by four youths leaving them battered and bruised after which three of them were arrested on Thursday. The incident came to light a day after the conclusion of the ‘Paryatan Parv’, India’s biggest tourism festival which is aimed at increasing the tourist footfall in the country.
Uttar Pradesh Chief Minister Yogi Adityanath on Thursday swept the road outside the Taj Mahal, went inside the Mughal-era monument and described it as a gem and an integral part of Indian culture. The much publicised visit, the first by a BJP chief minister of the state, comes days after the party’s leaders and ministers made provocative statements against the famed symbol of love.
As many as seven firms, including KPMG, BNP Paribas and Rothschild India, are jostling with each other to advise the government for the strategic sale of Air India and its subsidiaries.
The other entities that have applied to act as transaction advisor for the share sale are EY, Grant Thornton, Edelweiss and ICICI Securities, according to an update on website of the department of investment and public asset management (DIPAM).
Domestic tailwinds and emerging export markets would offset any adverse impact of Sri Lanka’s proposed plans to restrict three-wheeler imports. But major three-wheeler exporters like Pune-based Bajaj Auto, Chennai-headquartered TVS Motors and Baramati-Maharashtra based Piaggio Vehicles would be hit hard.
Prime Minister Narendra Modi today vowed to protect consumer interest, saying a new law is on the anvil that will crack down on misleading advertisements and provide time-bound rederesal of their grievances.
The government is all set to launch 150 projects on Ganga by March, Union Minister Nitin Gadkari said today while asking investors to join hands with the Centre in cleaning of the river.
The projects, he said, aim at containing discharge of polluted water in the river and recycling the waste water to produce bio CNG to power transport fleet.
Niti Aayog CEO Amitabh Kant today pitched for channelling insurance and pension funds for financing infrastructure projects as also for a complete re- examination of the Viability Gap Funding (VGF) scheme.