Plan and Policy

Plan & Policy

Petrol and diesel prices set to break all-time high levels

Consumers may have to burn a larger hole in their pockets to keep their vehicles running as retail prices of petrol and diesel are set to hit all-time high levels all over again soon. Rising oil prices and the reluctance on the part of the government to cut taxes are two factors responsible for the certain spike in auto fuel prices.

Retail price of petrol in Delhi is Rs 76.61 a litre now. Going by the price rise of up to 20 paisa per day over the last week, petrol would breach record high level of Rs 78.43, touched on May 29, in about 10 days.

India could be a $10 trillion economy by 2030: DEA Secy Garg

Having failed to grow in the first 40 years of independence, Indian economy is on a stage of "take off" growing at 7-8 per cent and is expected to be the world's third largest by 2030 with GDP worth $10 trillion,   a senior government official said today

No question of closure of DCI; 3 ports to pick up govt stake: Gadkari

There is no question of closure of state-owned Dredging Corporation of India (DCI) as three major ports, including Visakhapatnam Port, plan to pick up government stake in the company, Shipping Minister Nitin Gadkari said.

"At the department level, we have taken a decision. The three major ports are now ready to acquire DCI. We have already submitted cabinet note for approval of the cabinet," he said. 

Besides Visakhapatnam, he said Paradeep Port and New Mangalore Port will buy stakes in the company.

Cong playing dangerous game, creating partition-like situation: BJP on Rahul's reported remarks

 In a sharp attack on the Congress, the BJP today said the opposition party was trying to create a "partition-like situation" in the country, and it would be solely responsible if any disharmony plays out between now and 2019 Lok Sabha elections.

Senior BJP leader and Union minister Nirmala Sitharaman also asked Congress chief Rahul Gandhi to clarify his remarks reported in a Urdu daily that his party was a Muslim party and that he was on a course-correction.

As ‘foreign’ economic advisers leave, a protectionist India returns

When  Prime Minister Narendra Modi took power in 2014, he leaned on three academics who had predominantly worked in the United States to drive a liberal, globalised economic policy.

Now, as Modi faces a tough general election next year to retain office, the last of them has quit.

At least a dozen government officials, policy advisers and members of the ruling BJP told Reuters that policy making has mostly been handed over to Modi’s own office and to a coterie of right-wing and nationalist economists.

Superman LG does nothing about Delhi’s mountains of garbage: SC

The Supreme Court on Thursday castigated the Delhi Lieutenant Governor over for his attitude of being “a superman” but doing nothing to get the “mountains of garbage” of the city cleared, with one of the dumping sites even reaching a height close to that of the Qutub Minar.

Tharoor says BJP will turn India into ‘Hindu Pak’; kicks up a storm

Congress leader Shashi Tharoor set off a political controversy with his remarks that the BJP, if voted to power again, will rewrite the Constitution and pave the way for creation of a “Hindu Pakistan”, prompting the ruling party on Thursday to demand an apology from Rahul Gandhi.

States fail to meet fiscal targets for third year: RBI

The states have failed to meet their gross fiscal deficit target for the third consecutive year, the Reserve Bank of India (RBI) said on Thursday. Higher expenditure on salaries and farm loan waivers, along with revenue shortfall on GST implementation, led to a slippage of 0.35 per cent to 3.1 per cent in 2017-18, the central bank said, adding this comes despite expectations of an improvement on higher devolution from the Centre.