Plan and Policy

Plan & Policy

Dassault says it picked Reliance of its own will for Rafale deal

Dassault Aviation said it picked India’s Reliance Defence as a partner for a big military combat deal on its own, countering a French online media report that said the Indian government insisted on the firm as a condition of the contract. Interestingly, the French company’s statement came while Defence minister Nirmala Sitharaman is on a three-day visit to France.

Karnataka emerges top investment destination

Karnataka this year, until July 2018, has attr-acted Rs 77,807 crore industrial investment prop­o­s­als, marking a 28.88 per cent increase in quantum of investment offers compared with same period last year.

As per the department of industrial policy and promotion (DIPP) data, Karnataka topped the list of investment offers, followed by Gujarat wh­ich received Rs 49,209 cr­ore proposals, Rajasthan Rs 32,970 crore, Maharas-htra Rs 25,411 crore and Punjab at 5th position received Rs 19,522 crore investments proposals.

Cyclone Titli kills 8 in Andhra, Odisha; 3,00,000 evacuated

Cyclone ‘Titli’ made landfall on the eastern coast of the country early on Thursday claiming eight lives and wrecking havoc in Srikakulam and Vizianagaram districts of Andhra Pradesh, while causing widespread damage in neighbouring Odisha.

While no loss of lives were reported in Odisha, the very severe cyclonic storm left a trail of destruction in Gajapati and Ganjam districts of state, uprooting trees, electric poles and damaging hutments.

Only 400 firms respond to draft data protection bill

The IT Ministry has received more than 400 responses from companies, industry bodies and government departments on the draft personal data protection bill, and will take stock of suggestions before its proposed introduction in Parliament, according to a senior official. The deadline to submit suggestions on the government’s draft personal data protection bill closed on Wednesday.

IKEA to set up store in Bangalore, invest Rs 2,000 crore

The Swedish home fu­r­nishing major, IKEA, held a grou­nd-breaking ceremony of its third India store in Ba­ngalore on Thursday. The 500,000 sqft store that will come up in 2020 near Nagasandra on Tumkur Road will be logistically conne­cted to the Metro station.

Govt may not burden OMCs further with fuel subsidy

Allaying concerns about the return of fuel subsidy regime, a top finance ministry official on Thursday said the government asking oil PSUs to subsidise petrol and diesel prices by Re 1 per litre was a one-time thing and it does not intend to ask them to do it again.

Mahindra launches 1.7 tonne payload Bolero pick-up

Mahindra & Mahindra, manufacturer of commercial vehicles on Thursday introdu­c­ed new Mahindra Bolero pi­ck-up with attractive featu­res with a starting price of Rs 6.66 lakh to boost sales in the festive season.

The Mumbai-headquartered automaker is the ma­r­ket leader with 62 per cent market share led by Mahindra Bolero pick-up range in the small commercial vehicle segment. It competes with rivals Dost pick-up range from Ashok Leyland and Zenon pick-up series from Tata Motors.