Plan and Policy

Plan & Policy

SC seeks details of 1,581 cases against MPs, MLAs

The Supreme Court on Wednesday favoured creation of special courts to exclusively deal with criminal cases involving politicians and their speedy disposal, saying such a move would be in the “interest of the nation”. The SC was hearing petitions seeking to declare the provisions of the Representation of People (RP) Act, which bar convicted politician from contesting elections for six years after serving jail term, as ultra vires to the Constitution.

GSTN launches offline utility for GSTR-2

GST Network, which developed the technology backbone for new indirect tax regime, today said it has launched an offline tool for filing purchase returns GSTR-2.

The tool would allow taxpayers to export data of GSTR-2 to excel. This will be helpful in comparing this data with purchase register to take actions like accept, reject and modify, GSTN said in a statement.

CAIT appeals to PM seeking lower GST on nutritional items

Traders' body CAIT today appealed to Prime Minister Narendra Modi for a reduction in the 28 per cent GST rate levied on health and nutritional drinks and supplements, arguing that these are items of mass consumption.

"The government has demonstrated its intent to target malnutrition through the recently released National Nutrition Strategy, being steered by the Niti Aayog.

Car sales to grow by 9-10% in FY18

The Indian passenger vehicle industry, one of the most important economic indicators in India, is likely to consolidate on its growth path for the fourth year in a row since FY2014, the year when it last witnessed a blip. Domestic car sales will grow by a healthy 9-10 per cent during this financial year and between 9-11 per cent at a compounded annual growth rate (CAGR) over the next five fiscals, rating agency ICRA said on Tuesday.

Fiscal deficit touches 91.3% of FY18 target in 6 months

India's fiscal deficit at the end of the first half of the current fiscal touched 91.3 per cent of the budget estimate, mainly due to rise in expenditure. In absolute terms, the fiscal deficit – the difference between expenditure and revenue -- was Rs 4.99 lakh crore during the April-September period of 2017-18, according to the data of Controller General of Accounts (CGA).

During the same period of last financial year, 2016-17, the deficit was at 83.9 per cent of the target.

Navy clears 111 choppers buy worth Rs 21,738 cr

The Indian Navy can expect to overcome acute shortage of helicopters as the government on Tuesday cleared the long pending procurement of 111 utility choppers worth Rs 21,738 crore.

The procurement of light utility helicopters to replace the ageing fleet of Chetak and Cheetah choppers had been in the pipeline for several years.

The Defence Acquisition Council (DAC) chaired by defence minister Nirmala Sitharaman approved the initial Accceptance of Neccessity (AoN) for the choppers.

Modi skips event at Indira memorial, says attempts to run down Patel contribution

In a veiled attack on the Congress ahead of Gujarat polls, Prime Minister Narendra Modi on Tuesday said some parties and governments in the past have tried to run down and erase the contributions of Sardar Vallabhbhai Patel in unifying the country immediately after Independence.

Flagging off a run to commemorate the 142nd birth anniversary of Patel, Modi said due to the statesmanship and political acumen of the country’s first home minister, India is united today despite the colonial rulers’ wish that it was disintegrated into smaller states after Independence.