Plan and Policy

Plan & Policy

Ex-CMD of NFL, two Turks sentenced in Rs 133 cr urea scam

A Delhi CBI court on Thursday sentenced the former National Fertilizer (NFL) chairman and managing director, two Turkish nationals and five others to rigorous imprisonment of three to six years, besides slapping fines ranging from Rs 6 lakh to Rs 100 crore in the urea scam case.

Calcutta HC restricts DRI’s seizure powers

In a landmark judgment that may have implications on the functioning of enforcement officials, the Calcutta High Court has said the directorate of revenue intelligence (DRI) is not empowered to carry confiscation of goods unless “identified officers” are specifically empowered to do so through a prior order.

Centre seeks report from J&K govt on IAS Shah Faesal’s ‘rapistan’ tweet

The Centre has sought a report from Jammu and Kashmir government on IAS officer Shah Faesal’s “rapistan” tweet. The state government has been asked by the Department of Personnel and Training (DoPT) to share details of the case based on which future course of the action in the matter will be decided, they said.

Faesal, a 2010-batch IAS officer currently pursuing a mid-career masters programme in the US, is facing disciplinary proceedings over his controversial tweet.

Munna Bajrangi was shot seven times by Baghpat jail inmate

Gangster Prem Prakash alias Munna Bajrangi, who was killed in the Baghpat district jail here by a co-prisoner, had been shot at seven times.

The postmortem examination report of Bagrangi said he was shot at seven times by jail inmate Sunil Rathi, Superintendent of Police Jai Prakash said on Wednesday.

Unnao rape: BJP MLA Kuldeep Sengar chargesheeted by CBI

The CBI on Monday chargesheeted Uttar Pradesh BJP MLA Kuldeep Singh Sengar for the alleged rape of a minor girl in Unnao at his residence on June 4 last year.

In the charge sheet filed in special CBI court here, Sengar and his associate Shashi Singh have been charged with criminal conspiracy and other offences under IPC and section 3 and 4 of the The Protection of Children from Sexual Offences Act (POCSO Act) which relates to rape of minors.

Either restore Taj Mahal or demolish it: SC to Govt

Restore the pristine beauty of the historic Taj Mahal or “you can demolish it if you like.”

An angry Supreme Court made these observations on Wednesday as it came down heavily on the Centre, the Uttar Pradesh government and various authorities for their “lethargy” and “apathy” in taking steps to protect the iconic monument, dubbing the issue of its preservation as a “hopeless cause”.

India cuts Iranian oil imports by 16% in June to 592,800 bpd

Refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November. The monthly oil imports from Iran declined to 592,800 barrels per day (bpd) in June, down 16 per cent from May, according to data from sources. The United States in May said it would re-impose the sanctions after withdrawing from a 2015 agreement with Iran, Russia, China, France, Germany, and Britain, where Tehran agreed to curb its nuclear activities in return for the lifting of earlier sanctions.

GST on some more items to be cut

The GST Council may consider reduction in tax rates on host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21.

The items, which could be considered for cutting of tax rates might include sanitary napkins, handicrafts and handloom goods, besides certain services.

Several industry bodies and stakeholders have been demanding duty cut on items, especially those linked to general health and employment generation in the unorganised sector.

Govt mulls 1% cess on luxury items to build farm corpus

The GST Council may consider a fresh proposal to levy 1 per cent agriculture cess on luxury items to provide resources for meeting additional subsidy needs for the farming sector, particularly cane farmers whose dues from sugar mills have reached unsustainable levels.

BSNL to invest Rs 7000 crore to upgrade to 4G network: Anupam Shrivastava

Government is trying to find a way to allot 4G spectrum to BSNL and very soon some positive developments could take place in this regard, Telecom Minister Manoj Sinha said on Wednesday.

“We are trying to find out methods to allot spectrum  to BSNL .. . I think very soon some positive decisions are expected on this:, the Minister told Financial Chronicle.