Plan and Policy

Plan & Policy

Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr

Supreme Court on Monday once again denied bail to Unitech promoter Sanjay Chandra, asking the real estate company to deposit Rs 1,000 crore out of the Rs 1,865 crore required to refund 4,776 homebuyers awaiting the money.

Tendulkar sanctions Rs 2 cr from MP fund for Mumbai foot overbridges

Cricket icon and Rajya Sabha member Sachin Tendulkar has sanctioned Rs 2 crore from his Members of Parliament Local Area Development Scheme (MPLADS) fund for revamp of rail foot overbridges in Mumbai in the backdrop of the Elphinstone Road station stampede. On September 29, 23 people were killed in the rush-hour stampede on a narrow foot overbridge (FOBs) linking Elphinstone Road and Parel suburban stations during heavy rain.

Price control for non-essential drugs on cards

The government’s push for a change in the method of price calculation methodology for new drugs can lead to non-essential drugs coming under price control, a senior pharma industry body executive said.

The chemicals and fertilisers ministry in a statement issued last week had said that the department of pharmaceuticals (DoP) is considering a change in the method of approving prices of new drugs.

331 infra projects see cost overrun of Rs 1.72 lakh cr

As many as 331 infrastructure projects, each worth Rs 150 crore or above, have seen a cost overrun of Rs 1.72 lakh crore because of various reasons including delays, according to a government report. The ministry of statistics and progr­a­mme implementation monitors infrastructure projects worth Rs 150 and above.

Govt may need to cut spending

The government will likely need to cut expenditure by Rs 1.1 trillion in the financial year ending March to meet the budgeted fiscal deficit target even after meeting the asset sale target for the first time in eight years.

Rajasthan govt tables controversial bill in house, move challenged in HC

The Rajasthan government on Monday tabled a controversial bill that seeks to protect public servants and judges from prosecution and bar the media from reporting on allegations against them without its prior sanction sparking a legal challenge and protests inside and outside the Assembly.

Jaitley panel finalises launch date of Bharat-22 ETF

An inter-ministerial panel headed by Finance Minister Arun Jaitley today finalised the launch date and quantum of issuance of 'Bharat 22' Exchange Traded Fund (ETF).

According to sources, Bharat-22 comprises of 22 scrips of Public Sector Units, banks and those entities in which the government holds a minority stake.

It is likely to be launched next month after the launch of IPO of New India Assurance, they said.

Exporters can claim refund this week for GST paid in Aug, Sept

Exporters can soon start claiming refunds for GST paid in August and September as GSTN will this week launch an online application for processing of refund, its Chief Executive Officer Prakash Kumar said today.

GST Network (GSTN), the company handling IT infrastructure for the indirect tax regime, has from October 10 started issuing refunds to exporters for Integrated GST (IGST) they paid for the month of July, after matching GSTR-3B and GSTR-1.