Plan and Policy

Plan & Policy

Neech Modi jibe backfires, Cong suspends Aiyar

Congress suspended Mani Shankar Aiyar from primary membership of the party after he kicked up a row by calling Prime Minister Modi a “neech” (vile man), drawing a sharp reaction from the latter who dubbed it as an “insult” to Gujarat and a reflection of “Mughal mentality”. Congress leader Rahul Gandhi disapproved of Aiyar’s remarks and said both he and the party expected him to apologise.

US to train 50 young Indian entrepreneurs

The recently concluded much-hyped Global Entrepreneurship Summit (GES) in Hyderabad has set the ball rolling and the US administration does not seem to be leaving at just there. 

The US embassy, which runs a dedicated entrepreneurship and business development centre in Delhi, has decided to launch a special programme for 50 young (below 35 year) entrepreneurs in association with the University of Texas.

States agree on 24x7 electricity, DBT: minister

The power sector could witness major reforms in coming months with states concurring to most suggestions given of the Centre, including provision of 24x7 electricity for all and reduction of power losses below 15 per cent by 2019, initiating direct benefit transfer (DBT) scheme of subsidies for consumers and allowing competition at the distribution level to allow consumers choose their power suppliers.

Make hallmarking of gold mandatory: WGC

In order to achieve the target of trebling gold jewellery exports, India will have to make hallmarking mandatory across the country in phases spanning three to four years, says World Gold Council (WGC).

Congress suspends Aiyar over ‘neech’ jibe at Modi

The Congress on Thursday suspended its senior leader Mani Shankar Aiyar from the primary membership of the party and issued him a show cause notice, after he called prime minister Narendra Modi a `neech aadmi’ (vile man).

Trade ministry seeks lower tax on diamond miners

The commerce ministry is seeking a cut in taxes for overseas diamond miners to boost trading in the world’s largest hub for polishing the gems, people with knowledge of the matter said. The commerce department in a letter to the finance ministry has sought to scrap levies and instead introduce a presumptive tax of 0.25 per cent on diamond mining companies to lure such firms to sell the stones in special notified zones, the people said, asking not to be identified as the plan is not in public.

HC rejects bail plea of former stockbroker Parekh

The Bombay High Court on Thursday rejected the bail plea of former stockbroker Ketan Parekh who is an accused in cases linked to the 2001 securities scam.

Justice AM Badar observed that Parekh had shown a disregard for previous proceedings against him and missed several hearings in the special court.

Govt reiterates safety of depositors in FRDI bill

Forced to clarify the controversial provisions of the financial resolution and deposit insurance bill (FRDI bill) in wake of the growing discontent, the government on Thursday reiterated that it would protect the interests of depositors and financial institutions.  

DoT may junk Trai’s free data proposals

The department of telecom (DoT) is all set to turn down the telecom regulator's repeat proposal to offer 100 MB of free data a month to boost digital inclusion in rural areas from the USO Fund (USOF) kitty.

The DoT feels that fund utilisation is not meant for this Rs 600 crore scheme.

Military should be kept out of politics: Army chief

The military should be somehow kept out of politics. Of late, we have been seeing that politicisation of the military has been taking place. I think we operate in a very secular environment. We have a very vibrant democracy where the military should stay far away from the polity” Army chief Gen Bipin Rawat said at an event organised by the United Service Institution.