Plan and Policy

Plan & Policy

4 jawans, 3 terrorists killed in attack at CRPF camp in Pulwama

Heavily armed terrorists launched a pre-dawn attack on a CRPF camp in Pulwama district of south Kashmir, killing four personnel of the force and injuring three others. CRPF spokesperson Rajesh Yadav said the bodies of two terrorists have also been recovered while one more is believed to have been killed.

FinMin asks PSBs to consider selling, swapping loan assets

The government is not perturbed if banks shrink their balance sheets and focus on profitability rather than chasing topline growth, this was one of the messages that bankers got from the PSB Manthan organised by the finance ministry in November.

Reverse charge mechanism to be back in GST

Close on the heels of the decision to roll out e-way bill, the government is set to introduce the reverse charge mechanism in its bid to check evasion, especially by traders and small businesses under GST.

IBC amendment bill to bar wilful defaulters tabled

Finance minister Arun Ja­i­tley on Thursday introdu­c­ed amendments to the insolvency law seeking to weed out willful defaulters and other unscrupulous individuals from bidding for troubled companies headed for time-bound resolution und­er the new bankruptcy code.

The Insolvency and Ba­n­k­ruptcy Code (Amendment) Bill 2017 would replace an ordinance promulgated in November to bar rogue promoters and companies or th­eir senior executives linked with NPA accounts. The bill introduced in the Lok Sabha includes some minor cha­nges to the ordinance.

FY19 divestment target likely to be raised to Rs 1L cr

Emboldened by the response to disinvestment exercise in this financial year, the government is planning to raise the sale-off target by 40 per cent to Rs 1 lakh crore in the next budget.

Sources privy to discussions on the 2018-19 budget target of disinvestment said the market and investors have supported sale-off rationale and the government would like to encash that.

Diamond exports up 1.29%, imports 5% in April-November

India’s exports of cut & polished diamonds jumped 1.29 per cent while imports climbed 5 per cent during the April-November period on strong demand, data published by the Gems and Jewellery Export Promotion Council (GJEPC) showed.

“Strong festive demand from Western countries kept export and imports of diamond up,” said Stawan Ajmera a Mumbai-based diamond trader.

LS passes by voice vote bill making triple Talaq illegal

The Lok Sabha on Thursday passed the hugely contentious bill that criminalises instant triple talaq and makes it punishable by up to three years imprisonment for the husband, a development hailed by the government as “historic” but disapproved of by a section of the opposition.

The Lok Sabha passed the Muslim Women (Protection of Rights on Marriage) Bill by voice vote after rejecting a string of amendments moved by opposition members.

Pak army to get over 1,000 acres for new GHQ

Pakistan’s ar­my, which is planning to shift its general headqua­rters (GHQ) from Rawal­pindi to Islamabad, will soon get over 1,000 acres of land in the capital city, according to a media report on Wednesday.

The plan to shift the GHQ was shelved in 2008-09, at the instructions of then army chief Gen Ashfaq Pervez Kayani, due to financial constraints.

The army now wants possession of the land at the earliest so construction work can be started and the army headquarters can be moved to the federal capital, Dawn reported.