Plan and Policy

Plan & Policy

India asks WTO to set up panel against US

Taking forward trade dispute with America in the World Trade Organization (WTO), India has asked the Geneva-based multilateral body to set up a panel against the US for imposing high import duties on certain steel and aluminium products, an official said.

India took this decision after both the countries failed to resolve the issue in a bilateral consultation process under the dispute settlement mechanism of the WTO.

Artificial rain likely this week to clear air in Delhi

In the wake of rising pollution in the city, authorities might seed clouds to induce artificial rain this week to wash away toxic pollutants in the air.  Delhi's air quality has deteriorated to alarming levels in the past three weeks.

Cloud seeding for artificial rain would be done once the meteorological conditions are stable, a senior official said. He said plans are to induce rainfall this week, but if the meteorological conditions are not found suitable then it would be done next week.

Only 2% consumers prefer SMS marketing

There seems to be a huge disconnect between what marketeers and consumers think when it comes to using SMS and email for marketing. Consumers want relevancy and personalisation, but a majority of marketers fail to deliver it, finds a study by Epsilon, a global company connecting people and brands.  While 74 per cent of marketeers use marketing technologies to reach consumers via SMS, only 2 per cent of consumers prefer to receive marketing updates through this channel.

Gold industry launches assaying training

As the government is set to implement some of its key proposals to organise the gold trade, industry players have come together to set up necessary infrastructure. World Gold Council (WGC) and MMTC-PAMP India have jointly launched the ‘Precious Metals Assay and Training Institute’ to develop a new generation of skilled assayers. The initiative will establish assaying as a certified qualification and career in India and will directly enhance the integrity of gold and the standardisation of best practices in the precious metals industry.

Agro exports can grow to $100b by 2022

Indian agro-exports valued $38.74 billion have a potential to grow to $100 billion by 2022 — if the export sector capitalises the opportunity opened up with the trade war between the US and China and SMEs start exporting directly to the overseas buyers.

Mistry Plans $1 Billion Share Offer Amid Rare Sales

Shapoorji Pallonji Group plans to seek about $1 billion by bringing outside investors into its solar unit, as it embarks on a series of asset sales across the 153-year-old conglomerate to reduce debt.

The group, owned by reclusive billionaire Pallonji Mistry, will sell as much as 30 percent in the solar engineering arm of Sterling & Wilson Pvt., said Jai Mavani, executive director at the conglomerate’s flagship company. The funds would be raised through a pre-listing stake sale followed by a public offering.

Mistry Plans $1 Billion Share Offer Amid Rare Sales

Shapoorji Pallonji Group plans to seek about $1 billion by bringing outside investors into its solar unit, as it embarks on a series of asset sales across the 153-year-old conglomerate to reduce debt.

The group, owned by reclusive billionaire Pallonji Mistry, will sell as much as 30 percent in the solar engineering arm of Sterling & Wilson Pvt., said Jai Mavani, executive director at the conglomerate’s flagship company. The funds would be raised through a pre-listing stake sale followed by a public offering.

PAN: Father’s Name not Mandatory

The income tax department on Tuesday said quoting of father's name in PAN application forms will not be mandatory in cases where mother of the applicant is a single parent. The Central Board of Direct Taxes through a notification amended the income tax rules and said the application forms would give an option to the applicant as to whether mother is a single parent and the applicant wishes to furnish the name of mother only.

Currently, furnishing father's name is mandatory for the allotment of PAN. The new rules would come into effect from December 5.

Twitter CEO Dorsey stirs up storm for posing with ‘anti-Brahmin’ poster

Twitter CEO Jack Dorsey has sparked an outrage among Indian users after a picture of him holding a poster with message “smash Brahminical patriarchy” went viral on the micro-blogging platform.

The photograph was tweeted by a journalist, who shared the picture and said: “During Twitter CEO @jack’s visit here, he & Twitter’s Legal head @vijaya took part in a round table with some of us women journalists, activists, writers & @TwitterIndia’s @amritat to discuss the Twitter experience in India. A very insightful, no-words-minced conversation.”

Global fall may bring petrol, diesel prices at same level soon

Even without state support, transport fuels — petrol and diesel — may soon be uniformly priced across the country if the current trend of sharper fall in global petrol prices is maintained for another month.

Oil sector experts say that retail price of both petrol and diesel may equate around Rs 70 a litre before the end of the year, making the task of checking the number of relatively higher polluting diesel vehicles easier.

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