Plan and Policy

Plan & Policy

New industrial policy in few months: Prabhu

The new industrial policy which seeks to promote emerging sectors will be released within a few months, Commerce and Industry Minister Suresh Prabhu said today.

"The new industrial policy should be releasing in next few months," he told reporters here.

The proposed policy, the draft of which has been prepared by the ministry, will completely revamp the Industrial Policy of 1991.

Among other things, it would endeavour to reduce regulations and bring in new industries currently in focus.

PM to interact with leading economists tomorrow

Prime Minister Narendra Modi will interact with leading economists and sectoral experts tomorrow to deliberate on economic policy roadmap for promoting growth and employment.

The meeting, being organised by government think tank NITI Aayog, will be attended by a host of ministers including Finance Minister Arun Jaitley, NITI Aayog functionaries and leading economists.

"Prime Minister Narendra Modi will interact with leading economists and the experts across sectors from all over the country at NITI Aayog tomorrow," an official statement said today.

Sebi seeks new tax rules for hedge funds

Market regulator Sebi has recommended new tax rules for alternative investment products that would boost the country’s fledgling hedge fund industry.

The Securities and Exchange Board of India (Sebi) is seeking “unit-based” taxation for products broadly classified as hedge funds as part of its proposals for the federal budget due on February 1, said people familiar with the matter.

If approved, the designation would reduce fund managers’ administrative burdens and make the country’s equity hedge-fund investors

Padmavat will not be released in Rajasthan, says Raje

Rajasthan chief minister Vasundhara Raje announced on Monday that Sanjay Leela Bhansali's controversial film `Padmavati’, retitled `Padmavat’, will not release in the state on January 25.

Honouring the sentiments of the people of the state, the film will not be released in Rajasthan, she said in a statement here.

Following the announcement, state home minister Gulab Chand Kataria, the Rajasthan BJP chief and several Rajput organisations spoke out against the movie.

Cops for HRD reply on complaint against Teesta

A complaint has been lodged with the Gujarat police charging Teesta Setalvad (in pic) and her NGO Sabrang Trust with trying to "mix religion with politics" and spreading disharmony through the curricular material prepared for the erstwhile UPA government, which had given it a grant of about Rs 1.4 crore.

The complaint, lodged with the Ahmedabad city police by Rais Khan Pathan, a former close aide of Setalvad, also took into account the report of a panel of the ministry of human resource development, which

DoT to meet telcos, Trai on call drops on Jan 10

A surge in call drops in the last one-and-half months has forced the department of telecom (DoT) to meet chief executive officials (CEOs) of telecom companies on January 10. On the agenda would be to discuss the deteriorating services amidst the new regulatory norms that have been implemented in the sector.

BharatNet phase 2 to be complete by December

The government on Monday expressed the hope that the second phase of BharatNet project to provide broadband connectivity to 150,000 panchayats will be completed before time, by December 2018.

The original timeline for completion of the second phase is March 2019.

Telecom minister Manoj Sinha said financial incentives and disincentives should be built into clauses for the second phase of the project to reward players for on time delivery, while announcing the completion of the phase I of the project providing broadband connectivity to 100,000 lakh panchayats.

Supreme Court to review gay sex ban

The Supreme Court on Monday referred to a larger bench a plea seeking decriminalisation of gay sex between two consenting adults.

A bench comprising chief justice Dipak Misra and justices A M Khanwilkar and D Y Chandrachud said the issue arising out of section 377 of the Indian Penal Code (IPC) required to be debated upon by a larger bench.

Govt muzzling dissent: Cong on FIR over alleged Aadhaar data breach

The Congress today accused the central government of "muzzling dissent" and adopting an "ostrich-like approach" by "prosecuting" the newspaper and the journalist who exposed the alleged Aadhaar data breach.

Dubbing it as "a clear attack on journalism", Congress spokesperson Manish Tewari alleged that there have been systematic assaults on scribes and an atmosphere of fear and violence has been created against them.

He asked the people need to introspect whether they want a liberal, democratic India or a theocratic and fascist country.