Plan and Policy

Plan & Policy

PMO wants RCS to cover 100 cities

With an eye on general elections next year, the government wants the aviation ministry to include more cities for providing air services under the ambitious regional connectivity scheme (RCS) that promises to give wings to the common man.

Official sources said the prime minister’s office (PMO) has advised the aviation ministry to cover 100 cities under the ambitious scheme that seeks to make air travel affordable by offering tickets for Rs 2,500 or less.

BJP, Cong slug it out over Facebook data breach controversy

The online data-theft controversy hit the Indian shores with IT minister Ravi Shankar Prasad threatening to summon Facebook promoter Mark Zuckerberg even as he stirred a political storm by questioning Congress’ links with Cambridge Analytica accused of misusing data sourced from the social media giant.

Garg to meet RBI’s Acharya to discuss borrowing calendar

RBI Deputy Governor Viral Acharya will meet Economic Affairs secretary Subhas Chandra Garg on March 22 to discuss the borrowing calender for 2018-19 fiscal.

The government has plans to borrow Rs 4.07 lakh crore from the money market in 2018-19. According to sources, they would along with other ministry officials, discuss the issues on the timing, tools  of the government borrowing.

Panel may ease IBC qualification criteria

The panel reviewing the Insolvency and Bankruptcy Code (IBC) may suggest easing of qualification criteria to allow larger participation in resolution process.

Sources said the panel is in favour of allowing companies that have not been in management of non-performing assets (NPA) to bid for stressed assets. Thus the treatment would bring out a clear distinction between promoters of defaulting firms that don’t have a managerial role, from those

who also manage stressed assets.

Review GST rates: PwC

Top consultancy firm PwC has suggested the government to cut peak GST (goo­ds and services tax) rate to 20-22 per cent from 28 per cent now while clubbing the two rates of 12 and 18 per cent and keep it somewhere between 14-16 per cent.

Prabhu appeals for common ground to strengthen WTO

Commerce minister Sur­e­sh Prabhu on Tuesday app­e­aled to the WTO members to identify common grou­nd for strengthening the multi-lateral trade body amid challenges being fa­ced by it following the dea­dlock at the Buenos Aires ministerial in December.

Delegates from as many as 52 countries, including the US and China, are parti­cipating in the informal me­eting of the WTO called by India amidst increasing protectionism in global trade. India has called this meet to explore options to reinvigorate the World Trade Organization (WTO).

New reforms unlikely before 2019 polls: Rajan

Former Rsereve Bank of India (RBI) governor Ragh­u­ram Rajan on Tuesday said reforms are likely to be put on the shelf till the next general elections (2019) but expressed hope that the country will move up to a “higher plane of growth” thereafter.