Plan and Policy

Plan & Policy

Rural segment in fruit drinks to grow 50% in 5 years

Amid the growing demand for fruit-based drinks against carbonated counterparts, rural segment is set to grow 50 per cent in next five years on back of rising income levels of the family members, according to a top official of Manpasand Beverages.

“The rural segment presently accounts for one-third of the total market, and is set to grow around 50 per cent in next five years on back of rising income levels, competitive products and favourable price offerings”, said Dhirendra Singh, chairman and managing director (CMD), Manpasand Beverages.

Plan to phase out plastics in packaging remains on paper

The deadline to phase out non-recyclable multi-layered plastic used in the packaging of a wide variety of FMCG products has already passed. However, neither the central government has taken any step to implement the notification nor the industry has initiated steps to discard multi-layered packaging.

The Plastic Waste Management Rules notified by the ministry of environment, forest and climate change in March 2016, had stipulated that the “manufacture and use of non-recyclable multi-layered plastic if any should be phased out in two years time”.

Joshi’s ‘Rajdharma’ comment seen as criticism of Modi govt

The BJP’s Margdarshak Mandal might have been merely a showpiece, but one of its prominent members Murli Manohar Joshi has come up with suggestions on a ruler’s conduct based on ancient Indian epics. His observations are seen as a commentary on the current government.

Joshi cited Ramayana to stress that the “king” cannot be a despot. In what is relevant to today’s debate on free speech, Joshi explained how freedom of expression and people participation in frank discussions on important matters related to the state were treated as a basic for righteous governance in the Ramayana.

Govt likely to impose fresh cess to fund new schemes

To fund schemes and keep fiscal deficit under control at 3.3 per cent in a pre-poll year, the finance ministry has decided to take the additional cess imposition route, check revenue expenditure and push the tax machinery to raise collections. The steps are required as many populist measures are likely to be rolled out, which may raise the government expenditures.

“We will fund the schemes through fresh fund generations to avoid the additional need to borrow more,” said an official.

Tax sleuths join fight against plastics

The fight against single-use or disposable plastics such as packaged water bottles and coffee stirrers has intensified with more and more public authorities issuing ban orders. The latest order has come from the Central Board of Indirect Taxes and Customs (CBIC), which has asked its field offices to dispense with the single-use plastic items in line with the government move to reduce use of plastics.

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.