Plan and Policy

Plan & Policy

Dalmia may move SC again in Binani case

The resolution process for Binani Cement may land up in the Supreme Court again with Dalmia Bharat keeping its options open to seek legal remedy once more if it remained unsatisfied with appellate tribunal’s proceedings for a stay on UltraTech’s bid for the insolvent entity.

Days ahead of poll, ‘fake’ voter ID row hits Karnataka

A massive controversy rocked Karnataka after nearly 10,000 “fake” voter ID cards were seized from a flat in Rajrajeshwari Assembly seat, prompting the BJP to demand countermanding of the election claiming Congress was behind the racket, a charge dismissed by the latter as a “lie”.

With just three days left before Karnataka goes to poll, the BJP and Congress, the two main contenders for power, went after each other, claiming the flat belonged to a woman associated with the rival party.

Plans for 12 ‘champion’ services sector on cards

The commerce ministry is working with different ministries to formulate separate plans for 12 services sector, including information technology (IT), tourism and logistics, with a view to boost growth in these segments, a top government official said on Wednesday.

In February, the government approved an action plan for 12 ‘champion’ servi­ces sectors, including IT, to­u­rism and hospitality, for realising their potential thr­ough establishment of a Rs 5,000 crore dedicated fund.

Nine in the race for RBI deputy governor’s post, interview today

A search panel headed by the cabinet secretary will interview nine short-listed candidates tomorrow to find a successor to RBI deputy governor SS Mundra, who completed his three-year term in July last year.

Out of about 40 applications received, the financial sector regulatory appointment search committee (FSRASC) has short-listed nine names who will appear for interview scheduled on Thursday, sources said.

Economy coming out of DeMo, GST shock: IndRa

The Indian economy is gr­a­d­ually coming out of the tw­in shock of demonetisation and GST rollout, which temp­o­rarily derailed growth, In­dia Ratings said.

It, however, cautioned on the possible widening of current account deficit (CAD) due to rising oil prices, whi­ch was creating pre­ssure on the currency. “Our research has sho­wn that major ma­cro parameters like manufact­u­r­ing, capital goods product­i­on, non-food credit and co­m­sum­ption are showing si­gns of recovery,” India Ratings chief economist Devendra Pant said.

India to grow at 7.4% in FY19: IMF

The Indian economy is expected to grow at 7.4 per cent in the current financial year and accelerate further to 7.8 per cent as it recovers from the impact of demonetisation and GST rollout, IMF said on Wednesday.

Justice Chelameswar declines SCBA invite for his farewell

Justice J Chelameswar,  the senior most judge of the Supreme Court who spearheaded a revolt in January along with three other senior judges, Ranjan Gogoi, Madan Lokur and Kurian Joseph, on Wednesday, declined the request of the Supreme Court Bar Association to accept a farewell in his honour on the eve of his superannuation next week.

Though Justice Chelameswar will formally retire on June 22 which falls during summer vacation. His last working day is May 18. As per the convention farewell functions are organised by the SCBA on the last working day.

Oil on the boil

The days of lower oil import bill seems to be over for India with the numbers all set to breach the $100 billion mark in FY 19 after a gap of nearly three years. Lower crude oil prices coupled with stronger rupee had almost halved what the country paid for meeting its domestic energy demand.

Impeachment: Relief for CJI as Cong MPs withdraw plea from SC

Chief Justice of India Dipak Misra on Tuesday got a relief after two Congress MPs, challenging Rajya Sabha chairman M Venkaiah Naidu’s order rejecting the impeachment notice against him, withdrew their petitions from the Supreme Court. The SC expressed its reluctance to go into their contention questioning the setting up of a larger bench to hear the matter.

Modi win in 2019 is priced in

Most foreign investors have ‘priced in’ a second term for the Narendra Modi government in the 2019 general elections, says a multi-country survey of investors done by global research firm UBS.