Plan and Policy

Plan & Policy

They messed up economy, J&K: Manmohan

Former prime minister Manmohan Singh launched an all-out attack on the Modi government at the session, saying that while it had “messed up” the economy, it was spouting “jumla” (rhetoric) with pipe dreams about generating 2 crore jobs and doubling farm incomes. He also accused the BJP-led government of having “mismanaged” the Jammu & Kashmir dispute as never before and said the government’s talk of fighting two and a half wars was yet another hollow promise.

They questioned Ram’s existence, now identifying with Pandavas, says BJP

Senior BJP leader and Union minister Nirmala Sitharaman brushed off the scathing accusations made by Congress president Rahul Gandhi, calling it the “rhetoric of a loser, devoid of substance”. “The Congress president and his party loses no opportunity to mock the Hindu religion and its rituals. The story he narrated of some priest asking him for a wall of gold for the temple is an example. This is a party that has questioned the very existence of Shri Ram.

No takers for Rs 11,300 cr lying in 64 bank vaults

Banks in India are sitting on a cashpile of over Rs 11,300 crore with no claiments. This money is lying unclaimed in ov­er 3 crore accounts in 64 ba­n­ks spr­ead ac­ross the country.

According to a recent report by the Reserve Bank of India (RBI), with Rs 1,262 crore unattended money the State Bank of India (SBI) tops the list of lend­ers. SBI is followed by Punjab National bank with aro­und Rs 1,250 crore in its vaults. The rest is lying unclaimed in 62 banks, indicates the RBI data.

Only 5% of adults in India set up own business

Eleven per cent of adult population in India is engaged in “early-stage entrepreneurial activities”, and only five per cent of the country’s population go on to establish their own business, a survey has found.

This – 5 per cent – is among the lowest rates in the world, while the business discontinuation rate in India is among the highest at 26.4 per cent, it says.

The survey was conducted among 3,400 resp­o­n­dents aged between 18 and 64 years to assess the level of entrepreneurial activity.

GST returns data exposes holes

With only 16 per cent of the summary sales returns under the goods and services tax (GST) matching with the final returns, the revenue department has started to analyse major gaps with a view to check any possible tax evasion.

Dhinakaran launches party after Jaya, vows to take on ‘betrayers’

Rebel AIADMK leader TTV Dhinakaran on Thursday floated a new political party, the Amma Makkal Munnetra Kazhagam, named after late Tamil Nadu chief minister J Jayalalithaa.

“From today onwards, we will function with a name to retrieve the great movement of AIADMK from the betrayers,” Dhinakaran told a gathering on the occasion, challenging the ruling dispensation in the state. Dhinakaran and his followers often use the word “betrayers” to refer to the ruling AIADMK in Tamil Nadu, led by Chief Minister K Palaniswami and his deputy, O Panneerselvam.

Kejriwal says sorry to Majithia over drugs charge

Delhi Chief Minister Arvind Kejriwal has tendered an apology for levelling charges of involvement in drugs trade against Shiromani Akali Dal leader Bikram Singh Majithia following which the latter has decided to withdraw the court case against him. Disclosing this on Twitter, Majithia posted a copy of the AAP leader’s apology letter which he has submitted in court. The SAD leader said he was grateful that truth had won and Kejriwal had realised his mistake. AAP leader Ashish Khetan had apologised as well, he added.

Goa miners stare at uncertainty

As curtains come down on iron ore mining in Goa following a Supreme Court order, employees of various companies operating mines have blamed the Manohar Parrikar government for not defending the case strongly in the apex court.

Upset over the prospect of losing their jobs, workers have decided to step up protests. “As mines would be closed we would lose our livelihood. We feel the state government could have better defended its case in the SC. Our future seem bleak,” said Sujay Naik, a heavy equipment operator at Sesa Goa, a subsidiary of mines and mineral major Vedanta Group.

Wipro opens centre for metal printing

Wipro has opened an additive manufacturing solutions centre, Wipro3D. It is a state-of-the-art solution & experience center for metal 3D printing. Wipro chairman Azim Premji has inaugurated the facility here on Wednesday.

The 12,000 sq feet centre, set up as part of Wipro InfrastructureEngineering, has capabilities including leading edge build technology, post-processing, resea­rch, characterisation and validation facilities.