Plan and Policy

Plan & Policy

Alok Verma revokes almost all transfers effected in his absence

The selection committee on CBI chief comprising Prime Minister Narendra Modi, chief justice of India and leader of largest opposition party in Lok Sabha Mallikarjun Kharge met on Wednesday evening to discuss the case of reinstated director Alok Verma. The panel is reported to have decided to hold a second meeting on the matter on Thursday.

Strike affects bank operations

Banking operations were partially affected on Tuesday, as a section of employees refrained from work in support of the two-day strike call given by 10 central trade unions to protest alleged anti-labour policies of the government.

The All India Bank Employees Association (AIBEA) and the Bank Employees Federation of India (BEFI) have supported the strike, which impacted banking operations where these two unions are strong.

IT, ITeS exports may see 10% growth in FY19

Indian IT and ITeS exports may clock 8 to 10 per cent growth during the current fiscal a senior official of Electronics and Computer Software Export Promotion Council (ESC), a body under the Department of Commerce said here Tuesday.

Executive director of ESC, D K Sareen also said the export of electronic hardware may also witness positive growth at about seven to eight per cent on the back of newer avenues such as Solar power electronics, UPS systems and electronic energy meters.

Centre, states, industry to discuss ways to boost export on Jan 10

In the wake of growing protectionism globally, centre, state governments and industry representatives will meet on January 10 to discuss ways to boost the country's exports, an official said Tuesday.

The issues would be deliberated upon in the fourth meeting of the Council for Trade Development and Promotion, which will be chaired by the Commerce and Industry Minister Suresh Prabhu.

Trade ministers from different states including Uttar Pradesh, Punjab, Haryana and Karnataka are expected to attend the meeting, the official added.

CAG favours policy framework for off-budget financing

The government should frame a policy on off-budget financing and sources of such funding in view of its fiscal implication, said a CAG report on the Fiscal Responsibility and Budget Management (FRBM).

In the report tabled in Parliament Tuesday covering fiscal 2016-17, the Comptroller and Auditor General of India (CAG) said off-budget financing was being used to defer fertiliser arrears, food subsidy bills and outstanding dues of Food Corporation of India (FCI) through borrowings.

BEST strike: Office-goers hit hard, Maharashtra govt invokes MESMA

Over 32,000 employees of Mumbai's civic transport undertaking went on an indefinite strike on Tuesday over various demands, including higher salaries, prompting the state government to invoke the Maharashtra Essential Services Maintenance Act (MESMA) against them.

Reservation bill Tabled in Lok Sabha

The Government on Tuesday introduced a bill in Lok Sabha that seeks to amend the Constitution to provide 10 per cent reservation in jobs and educational institutions to economically backward section in the general category. The Constitution (124th Amendment) Bill 2019, approved by the Union Cabinet on Monday, was brought in on the last day of the Winter Session of Lok Sabha.

Home sales growth tepid at 6% in 2018

Housing sales in eight major cities in India rose six per cent in 2018 as developers reduced prices and offered indirect freebies to lure buyers, property consultant Knight Frank India said in its report on Tuesday.

Sale of residential units increased in six cities such as Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad and Ahmedabad but declined in two cities of Kolkata and Pune.

Sales volumes in 2018 were estimated to be 2,42,328 units as against 2,28,072 units in the previous year, Knight Frank India report said.

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