Plan and Policy

Plan & Policy

CBI questions two senior SBI officers in PNB scam...

Two deputy general manager-level officers of State Bank of India posted in Frankfurt in Germany and Mauritius were being questioned on Thursdayby the CBI in connection with the $2 billion scam in Punjab National Bank (PNB) allegedly involving billionaire jewellers Nirav Modi and Mehul Choksi, officials said.

They said the agency is focusing on the execution of letters of undertaking (LoUs) fraudulently issued by PNB’s Brady House br­an­ch in favour of foreign bra­nches of Indian banks.

Startups get 100% tax relief on Rs 10cr funding from angel investors

In a major relief to budding entrepreneurs, the government on Thursday allowed startups to avail full tax concession on investments up to Rs 10 crore from investors, including angel financiers.

The decision would add­r­ess a key issue faced by angel investors who put money in startups during early growth stage, and would also provide level playing field for all investors.

PM rubbishes allegations on ToRs of Fin Commission

PM Narendra Modi on Thursday said the Centre has suggested to the finance commission to consider incentivising states working on population control, while refuting charges that the Terms of Reference of the 15th Finance Commission were biased against certain states. The issue was being raised by “vested interests,” he said without naming anyone.

‘Go back Modi’ cries, black flags greet PM across TN

A slew of black flag protests and release of black balloons across Tamil Nadu over the the Centre's "inaction" to form the Cauvery Management Board marked prime minister Narendra Modi’s one-day visit on Thursday. He was here to inaugurate the Defence Expo at Thiruvidanthai and to open the Diamond Jubilee Building of  Cancer Institute at Chennai. Police had made elaborate security arrangements to ensure Modi’s programmes went undisrupted.

Govt’s tacit diktat: Petrol price shouldn’t breach Rs 75 in Delhi

The government has told public sector oil marketing companies (OMCs) that retail price of petrol should not increase beyond Rs 75 a litre in Delhi, The veiled entry of administered price mechanism regime for the two decontrolled petroleum products — petrol and diesel — comes amid concerns that continued upshot in prices could have an adverse fallout for the ruling BJP ahead of elections.

India should take steps to ensure privacy in biometric identification programmes: IMF

The IMF today said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhaar, as the global financial body identified India as a leader in the biometric identification system.

The International Monetary Fund in its fiscal monitor report on digital government said digitalisation can facilitate stronger governance and fiscal transparency, allowing better public awareness and scrutiny of the budget process and the design of fiscal policy.

PNB scam: CBI questions 2 DGM-level officers of SBI

Two deputy general manager-level officers of State Bank of India posted in Frankfurt in Germany and Mauritius are being questioned today by the CBI in connection with the USD 2 billion scam in PNB allegedly involving billionaire jewellers Nirav Modi and Mehul Choksi, officials said.

They said the agency is focusing on the execution of Letters of Undertaking (LoUs) fraudulently issued by PNB's Brady House branch in favour of foreign branches of Indian banks.

Wall brought down for PM’s Chennai visit

Security arrangements for Prime Minister Narendra Modi’s scheduled visit to Chennai have run into a controversy. The prime minister is scheduled to visit Tamil Nadu on Thursday to inaugurate Defence Expo at Thiruvidanthai. He will also visit the Adyar Cancer Institute here to inaugurate a few facilities.

Modi leads BJP MPs fast to protest Parliament washout

Prime Minister Narendra Modi will observe a day-long fast here on Thursday, while top BJP leaders, including Union ministers, will fan out across the country for a similar protest to corner the opposition over the recent washout of the Budget session of Parliament.

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