The Narendra Modi government has spent Rs 4,343 crore on publicity since it came to power in May 2014, an agency under the ministry of information and broadcasting has said in reply to an RTI query.
Plan and Policy
Plan & Policy
In a significant cabinet reshuffle by prime minister Narendra Modi, railway minister Piyush Goyal, who is also a former party treasurer, has been given the additional charge of the finance ministry. In what is seen as a demotion, Smriti Irani, who courted controversies recently, has been divested of the information and broadcasting portfolio. Her deputy Rajyavardhan Singh Rathore has been given independent charge of the ministry. Irani will continue as textile minister.
Delayed payments under the guaranteed rural employment programme MNREGA fell to 6-year low of Rs 67,956 crore in financial year ended March 31, a SBI research report said on Monday. The amount of delayed payment had touched a high of Rs 2.38 lakh crore in 2015-16. It was Rs 2.08 lakh crore in 2016-17, said the SBI Ecowrap report based on government data.
Defence Minister Nirmala Sitharaman on Sunday dubbed as a “serious disclosure” Pakistan’s ousted prime minister Nawaz Sharif publicly acknowledging that militant organisations were active in his country.
BJP’s chief ministerial candidate BS Yeddyurappa on Sunday said he will give it in writing that the saffron party would win the Karnataka Assembly elections with an absolute majority.
As multiple agencies and regulators probe suspected use of ‘only-on-paper’ firms for financial irregularities, the government is looking to put in place a proper definition for ‘shell companies’ so that investigations are not hampered and prosecution can withstand scrutiny in courts of law.
Seeking to resolve the difficulties in securing bank finance, the gems and jewellery trade body has proposed to help banks in finding out the bad apples in the industry. It has proposed to prepare monthly/quarterly reports on key data points, observations and major developments in the industry and make it available for all stakeholders, especially the banks.
To avoid any repeat of cash crunch, the Reserve Bank of India (RBI) started in the last week of April printing of Rs 70,000-80,000 crore currency for reserves, which is five times more than the usual printing (Rs 10,000-15,000 crore) in normal months.
Bharat Sanchar Nigam is geared up to take on competition with innovative and unlimited voice & data plans and expand its market share, said the top official of BSNL.
The finance ministry is examining a proposal to find innovative ways for dealing with burden of NPAs (non-performing assets) provisions by issuing provision shore-up certificates (PSC) to banks. With the help of this instrument, the operating profit of bank is saved from erosion and the lender would be able to focus on lending activities as being in financially good shape.