Plan and Policy

Plan & Policy

Modi govt spent Rs 4,343 crore on publicity

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.

Piyush is new FM, Smriti loses I&B portfolio

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 MNREGA decline to 6-year low

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.

Uncooperative India delaying 26/11 trial: Pak

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.

New definition, tough steps to tackle shell companies on cards

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.

GJEPC decides to help find bad apples in gems & jewellery industry

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.

RBI printing more notes to build cash reserves

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.

BSNL ready to compete in market: CMD

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.

NPA provisioning under FinMin lens

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.