Plan and Policy

Plan & Policy

Single brand FDI rules eased ahead of Modi’s Davos visit

Prime minister Narandra Modi is set to steal the show when he debuts at the global investor jamboree at Davos later this month. Just a week before the global annual meet of world industry and political leaders, Modi allowed 100 per cent FDI in single brand retail through automatic route, opening the door wide open to international players keen on entering the fast growing Indian market.

Fruit-based aerated drinks to be cheaper

Fruit-based aerated drinks could become cheaper soon as the government is actively considering a proposal from the food ministry to remove 12 per cent cess levied on them. Fruit-based aerated drinks attract 28 per cent GST with an additional 12 per cent cess, taking the total levy to 40 per cent.

Besides giving relief to consumers, the move is set to help fruit growers get better price for their produce. Beverage manufacturers like Parle Agro, Dabur and Del Monte Foods are set to gain from the proposed move as a price cut will boost consumption.

Govt's 'gross economic mismanagement' responsible for economic slowdown: Cong

The Congress said today that the government's "gross economic mismanagement" was responsible for slowdown in India's economy as it took a swipe at Prime Minister Narendra Modi, saying "innate wisdom of Modinomics needs no counsel".

Congress communications incharge Randeep Surjewala said the Economic Advisory Council (EAC) was "virtually non- functional" to assess the economy.

"The Modi government cannot shirk from the responsibility of gross economic mismanagement that it inflicted upon the country's robust economy," he said.

Mevani makes Delhi debut with scathing attack on Modi

Gujarat MLA Jignesh Mevani, who is accused of inciting caste violence in Pune’s Bhima-Koregaon area, came out all guns blazing against prime minister Narendra Modi at his Yuva Hunkar rally that took place in Parliament Street here on Tuesday, despite the denial by police to hold such a gathering.

Most first-time jobbers get below Rs 25,000 a month

Majority of young graduates get less than Rs 25,000 for their first job. No wonder, many of them leave their first job within one year for better professional growth and job opportunities.

As per a survey by Monster.com, 76 per cent of youngsters across different sectors are paid less than Rs 25,000 a month from their first job. Only 17 per cent ea­rned between Rs 25,000 and Rs 45,000 monthly. As a result, around 60 per cent of the respondents left their fir­st job for professional growth and work opportunities and 29 per cent exited their first job in less than one year.

Rs 6,000 cr Bharat-22 ETF round II fund raising likely in Feb

Buoyed by success of the first tranche of receipts, the finance ministry is finalising plans to launch another round of fund raising thro­ugh the exchange-traded fund (ETF) Bharat-22.

It plans to raise about Rs 6,000 crore and bridge the shortfall in government revenues to tide over the fiscal deficit. The second round is likely to be launched by the middle of February and the government is hopeful about a similar response as in the first tranche, sources said.

Rs 6,000 cr Bharat-22 ETF round II fund raising likely in Feb

Buoyed by success of the first tranche of receipts, the finance ministry is finalising plans to launch another round of fund raising thro­ugh the exchange-traded fund (ETF) Bharat-22.

It plans to raise about Rs 6,000 crore and bridge the shortfall in government revenues to tide over the fiscal deficit. The second round is likely to be launched by the middle of February and the government is hopeful about a similar response as in the first tranche, sources said.

DoT relaxes curbs on spectrum trade, holdings

The Department of Telecom (DoT) on Tuesday approved regulator Trai’s recommendations on relaxing the spectrum caps in a circle or in bands, a decision that would facilitate smooth consolidation and spectrum trading in the highly competitive telecom sector.

Govt asks CPSEs to consider taking over stressed infra assets under IBC

The government is improving the terms of endearment as far as stressed assets are concerned.

It has asked infrastructure sector public sector enterprises such as SAIL, NTPC, NMDC to consider taking over stressed power and steel assets brought up for bidding by resolution professions under the terms of Insolvency and Bankruptcy Code (IBC).

Sources said the Centre is pushing for PSUs’ participation in resolution process after public sector banks (PSBs) nudged it to get their active involvement to prevent them from taking deep haircuts on outstanding loans.

Revenue shortfall, ease of filing returns to top GST Council meet

Monthly fall in revenue, simplifying filing of returns and measures to boost the handicraft sector would top the agenda of the GST Council meet next week.

The Council will also brainstorm ways to ease spasms caused by the roll out of new indirect tax regime.

Ahead of the crucial meeting, a series of meetings of senior officers has kicked off to consider rate rationalisation and proposed changes in the GST law to make the new regime more taxpayer-friendly.

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