Plan and Policy

Plan & Policy

Centre’s envoy Dineshwar Sharma reaches Kashmir

Dineshwar Sharma, the Centre’s special representative for Kashmir, on Monday reached here for a five-day visit to the state during which he will hold talks with various stakeholders, officials said.

Sharma, a former chief of the Intelligence Bureau, will spend three days in the Kashmir Valley and two days in Jammu, where he will hold talks with Governor NN Vohra, Chief Minister Mehbooba Mufti and various delegations, they said. In Srinagar, he is expected to meet various political leaders, student groups and youths.

Over 39 per cent PANs linked with Aadhaar

Over 13.28 crore Permanent Account Numbers (PANs) have been linked with the Aadhaar till now, official sources today said.

With this, 39.5 per cent of PANs are now linked with Aadhaar numbers. There are about 33 crore PAN cards, while Aadhaar has been issued to about 115 crore people.

The government had made the PAN-Aadhaar linking mandatory for filing ITR (Income Tax Return) and obtaining a new Permanent Account Number (PAN) from July 1.

Modi gives glimmer of hope to MSMEs

As prime minister Narendra Modi has hinted at more GST relief measures for traders and businesses, hope is running high for small and medium enterprises (SMEs) ahead of the GST Council meeting on November 9-10 in Guwahati.

SMEs expect the government to reduce the tax rate for various capital goods to 12 per cent from 28 per cent, make return-filing quarterly for all and de-link input credit from suppliers’ tax payments.

The SME sector has also made a strong pitch for reviewing multiple GST slabs and reduce them to a maximum of three.

Jaitley panel will look at 6 key factors for bank mergers

The government will look at a minimum of six qualifying factors, including asset quality, branch presence, capital base and regional strength, for merger and acquisition of public sector banks (PSBs). An alternative mechanism (AM), headed by finance minister Arun Jaitley, will use these decisive factors to identify banks for mergers. Official sources said unless qualifying criteria are set, it will be like groping in the dark and the mergers will not only achieve the desired results but may prove to be detrimental as well.

Decks cleared for futures trade in electricity

In a major reform initiative, India may soon open the derivatives market for the power sector. The forward trade will allow both electricity generators and consumers to enter into a futures contract and use it as a hedging tool to mitigate price volatility and other associated risks.

Cong has run away, HP poll one-sided: Modi

Describing the Himachal election as a “one-sided” contest, Prime Minister Narendra Modi on Sunday accused the Congress of running away from the battlefield and said it had nothing left to do but grieve in the coming days.