Plan and Policy

Plan & Policy

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.

Amazon raises number of rural partners 8 times

Amazon is fast expanding its reach in rural and semi-urban areas. It increased its partnership with local offline stores in rural and semi-urban areas under Udaan project by almost 8 times in 2017. The number of uninitiated customers who have been brought in through Udaan stores also increased 17 times in a year.

Amazon had started Project Udaan in May 2015 to expand its reach in rural and semi-urban areas by tying up with offline partners such as kirana, medical stores and mobile shopping outlets so that local entrepreneurs could assist the uninitiated in shopping online.

Corruption still a pain point for foreign investors

Foreign investors are still looking at corruption as a major challenge when it comes to making investment decision in India and also see ‘evolving’ corporate governance and risks to security of assets as other pain points, says US risk management firm Kroll.

After a stable government came to power in 2014, global investors were expecting significant changes in the way businesses used to happen in India but things have not turned out as expected, the New York-based risk consultancy noted.

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.