Plan and Policy

Plan & Policy

BHU violence: Chief varsity proctor resigns taking moral responsibility

The Banaras Hindu University’s Chief Proctor Prof ON Singh has resigned from his post, taking “moral responsibility” for the violence on the campus.

Singh submitted his resignation to the vice chancellor on Tuesday night. The resignation was immediately accepted by the Vice Chancellor Girish Chandra Tripathi, officials said.

RBI may opt for status quo in next policy: SBI report

The Reserve Bank is likely to maintain status quo on key lending rate in its October 4 policy decision as it is "stuck in a conundrum" of low growth, mild inflation and global uncertainties, a SBI report said today.

Borrowing may go up by 15-20% in H2FY18

With fiscal stimulus becoming a must to revive the slowing economy, the government may go for higher borrowings this financial year to step up public spending. The rise in borrowing could be between 15-20 per cent of the budgeted levels for October-March. Sources, however, said the quantum of additional borrowings required is still under discussion. It is also being debated whether this route would work well to generate funds to raise infrastructure spending.

Noida chief engineer Yadav Singh chargesheeted

The CBI has filed chargesheet against former Noida Authority (Uttar Pradesh) chief engineer Yadav Singh (in pic), his wife and other family members for allegedly amassing disproportionate assets (DA) worth over Rs 23 crore.The chargesheet was filed in a special court in Ghaziabad, CBI spokesperson Abhishek Dayal said. Those charge- sheeted include Singh’s wife Kusumlata, daughters Garima Bhushan and Karuna Singh, son Sunny Singh and daughter-in-law Shreshtha Singh.

GST yields Rs 90,669cr in Aug

The goods and services tax collection in August came a bit lower than the last month at Rs 90,699 cro­re but it’s certainly higher th­an market estimate. In July, GST collection was Rs 92,283 crore from 64.42 per cent of the total taxpayer base.

A large number of taxpayers are yet to file their returns for August giving the government hopes to mop up more revenue in coming months. Also, the total revenue does not include GST to be paid by 1.024 million assessees who have opted for the composition scheme.

States asked to reassess sugar output estimates

The Centre has asked states to reassess their sugar prod­uction estimates after it was found to be on the higher side as the latest report from the agriculture ministry suggested that sugarcane output may be over 30 million tonnes more than last year.

Rs 500cr fund on cards for 5G rollout by 2020

To join the 5G ecosystems by 2020, the government has constituted a high-level for­um and to facilitate research and development activities for 5G service rollout, it is looking at setting up an Rs 500 crore support fund.

The 5G service technology will deliver wireless broadband speed of about 10,000 mbps in urban areas and 1,000 mbps in rural belts, minister of state for communications Manoj Sinha said on Tuesday.

ADB lowers India growth outlook

The Asian Development Bank (ADB) has slashed India’s GDP growth forecast for the current financial year to 7 per cent from 7.4 per cent owing to weakness in private consumption, manufacturing output and business investment.

The 7 per cent gross domestic product (GDP) growth expected in 2017-18 is lower than 7.1 per cent recorded in 2016-17 and its earlier projection of 7.4 per cent in July. ADB pencilled in 7.4 per cent for 2018-19, down from the earlier forecast of 7.6 per cent in July.