Plan and Policy

Plan & Policy

Rural reach-out: 25% low bandwidth rates offered

The telecom department has introduced up to 25 per cent discounts in the price of bandwidths for private telcos, which would now provide the last mile broadband connectivity in the rural areas. The move is aimed at easing tariffs charged by service providers.

To provide affordable broadband services in rural areas, a new tariff structure, driven by ‘more you use, less you pay’ principle, has been finalised. This tariff structure is expected to be reflected in prices to be charged from consumers, said communications minister Manoj Sinha here on Tuesday.

Infosys to set up innovation hub in Indiana: Nilekani

Software major Infosys is opening an innovation hub in Indiana and would hire 2,000 people for it, with plans to set up many more such hubs in the US, Infosys non-executive Chairman Nandan Nilekani said here on Tuesday.

"We are working closely with the Indiana government and hiring people locally both from universities as well as experienced people," he said at the two-day conference on Unlocking US-India Trade Potential.

JeM chief’s nephew Tallah Rashid killed in J&K

One of the three terrorists gunned down by security forces in south Kashmir’s Pulwama district is believed to be the son of Abdul Rauf, the key conspirator behind the 1999 hijacking of an Air India plane and brother of Jaish-e-Mohammed chief Maulana Masood Azhar, a senior Union home ministry official said. He is understood to have infiltrated into India about four months ago with 15 others.

I-T to issue 1L notices for huge deposits post demonetisation

The Income Tax Department is set to issue notices to about one lakh entities and individuals, who deposited huge cash in banks post demonetisation and whose tax returns have been picked for detailed probe into suspected discrepancies, official sources said today.

L&T, HCC blame NHAI for delay in road building

Contesting NHAI’s ban on them from bidding for NHAI projects, a handful of highway developers, including L&T and Hindustan Construction Company (HCC), have blamed the government agency for delay in highway construction.

An official source said the developers have given their submissions in support of their cases and the National Highway Authority of India (NHAI) would take a call on them shortly. The deadline for submissions ended on Monday.

Back to cash economics after months of pain

Satpal, a farmer in Behrol village of Gautam Buddha Nagar district of Uttar Pradesh, gets philosophical when it comes to demonetisation.

“Every human being knows that wealth is governed by the government and life by god. So why fear another notebandi,” he remarks sagely with a shake of his head.

His stoic reply — ‘have to live with it as the government is supreme’ — barely conceals the anger and ordeal through which he and his fellow farmers passed after demonetisation was announced a year ago.

Hasmukh Adhia designated as finance secretary

The governm­ent has de­signated re­venue se­cretary Ha­s­mukh Adhia as new finance secretary on Monday. The post was vacant since the retirement of Ashok Lavasa in October.

According to an order iss­u­ed by the department of pe­rsonnel and training on Mo­nday, the appointments co­m­mittee of cabinet ap­proved designation of Adhia as the finance secretary. Adhia, as revenue secretary, has been overseeing rollout of goods and services tax as well as direct tax reforms.

Was DeMo a big waste of time?

Corrupti­on, black mo­ney, terrorism, fake currency – prime minister Narendra Modi resolved to eliminate all in one stroke when he announced India’s biggest-ever cash ban on November 8 last year. However, the short-term costs of his move are outweighing the benefits. He invalidated 86 per cent of currency in circulation, saying the move was essential to combat graft and terrorism, often funded with cash or counterfeit bills. He has not had much success, though the outlook has dimmed substantially for Asia’s third-largest economy following the cash shock.

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