Plan and Policy

Plan & Policy

No MSP for seven kharif crops could cost farmers Rs 2L cr

Farmers in the country will lose as high as Rs 2.03 lakh crore in selling only seven kharif crops due to delay in implementing BJP’s election promise of fixing the support price at 50 per cent over their cost of production.

These crops include paddy, maize and soybean.

Calling it a plunder, leaders of All India Kisan Sangharsh Coordination Committee (AIKSCC) said 184 organisations in the country have come together to press for the demand that the government should implement its election promise in fixing the minimum support price (MSP).

45 towns identified as potential mega-cities

Forty-five cities, which include Nagpur, Lucknow, Jaipur, Kochi, Bhopal, Ah­medabad and Varanasi have been identified as potential mega-cities.

These cities can potentially see accelerated growth in the manufacturing, industrial, tourism and warehousing sectors and emerge as India’s new mega-cities, according to a report, jointly released by international real estate consultants, JLL India and Credai (the Confederation of Real Estate Developers Association of India). It also emphasised the need for new urban centers in the country.

India Rich List 2017: The biggest losers

The changing business environment has affected many richie-rich and affluent individuals and families in India. While many continue to prosper, others have suffered a heavy blow. According to information from Forbes India, losses incurred by some have been incredible. Here is a low-down on some of them.

Shashi and Ravi Ruia
-$2.4 billion (41.4 per cent) Rank 41, Down 25 places

Linking of PAN, Aadhaar to delay insurance claim payment

Regulator has asked insurers to mandatorily link Aadhaar and PAN card with policies with immediate eff­e­ct. In the short-term, this may lead to delay in payment of claims as it poses a huge logistical challenge for insurers. But insurers welcome the medium and long-term benefits of the decision.

The central government on June 1 had made Aaadh­ar and PAN/Form 60 mandatory for availing financial services including insurance and also for linking the existing policies with the same under the Prevention of Mo­n­ey-laundering (Maintena­nce of Records) Second Am­endment Rules, 2017.

Himachal sees highest voter turnout at 74%

Himachal Pradesh on Thursday recorded its highest polling in assembly elections with 74 per cent of voters exercising their franchise, the Election Commission said.  The figure was till 5 pm and the final polling percentage may be revised as final voting figures are yet to be tallied.  Polling was still on in about 500 booths.

The previous highest polling percentage of 73.5 was recorded in the 2012 assembly polls, Deputy Election Commissioner Sandeep Saxena said. In the 2014 Lok Sabha polls, it was 64.45 per cent.

Kerala govt tables solar scam report in Assembly amid uproar

In a huge blow to the Opposition Congress-led UDF in Kerala, a judicial commission has indicted former chief minister Oommen Chandy along with his personal office staff in the multi-crore solar panel scam, holding they all had “assisted” accused Saritha S Nair in “cheating” customers.

The Justice G Sivarajan commission’s four-volume 1,073 page report that probed the scam was tabled by Chief Minister Pinarayi Vijayan in the state assembly at a special session on Thursday and copies were made available to the media.

HC reserves orders on petitions challenging TRAI regulations

The Madras High Court today reserved its orders on a batch of petitions challenging the regulations of TRAI pertaining to access charges levied by owners of cable landing stations (CLS), where submarine cables providing international connectivity terminate in India.

The first bench of Chief Justice Indira Banerjee and Justice M Sunder reserved its orders on writ appeals by Tata Telecommunication Ltd and Bharti Airtel.

Mining can help create 6m more jobs by 2025

The mining sector could contribute 7-8 per cent to India’s gross domestic product (GDP) and help it achi­e­ve 9 per cent growth in coming years as well as crea­te 6 million more jobs by 2025.

India produces 87 minerals, which include 4 fuel minerals, 10 metallic minerals, 47 non-metallic minerals, 3 atomic minerals and 23 minor minerals. “But the country has seen continuous decrease of the mining sector share in GDP and that is holding the economic gr­o­wth,” said Sunil Duggal, ch­ief executive officer of HZL.