Plan and Policy

Plan & Policy

Retail inflation at 4-mth low of 4.44% on cheaper food, fuel

Retail inflation fell to a 4-month low of 4.44 percent in February on cheaper food articles and lower cost for fuel. Retail inflation, based on Consumer price index (CPI), was at 5.07 percent in January.

In February 2017, however, it was 3.65 percent. It was 4.88 percent in November last year.

Data released by the Central Statistics Office (CSO) showed that the rate of price rise in the consumer food segment was lower at 3.26 percent in February, as against 4.7 percent in the previous month.

Land grabbing being done to change demography of Jammu: BJP

The Jammu and Kashmir BJP today alleged that people with "special motive" were indulging in massive "land grabbing" of forest and revenue land to change the demography of the Jammu region and make it vulnerable to anti-national forces.

State BJP spokesperson Virender Gupta claimed several cases of land grabbing can be seen in Bathindi, Sunjwan, Sidhra, Kotwal and other areas in the vicinity of the Jammu city and in and around other towns of the province.

Toll touches 10; CM says action against expedition organisers

The toll in the forest fire in Theni district rose to 10 today as the Tamil Nadu government ordered a probe into it and assured action against those who allegedly arranged for the expedition without permission.

Chief Minister K Palaniswami said 10 persons--seven women and three men-- were killed in the fire at Kurangani Hill ranges in Western Ghats and expressed grief over the deaths.

While seven of the victims were from Chennai, others were from Erode district, he said in a statement.

Jaitley files nomination; contest imminent with 14 nominees for 10 seats

With 14 candidates, from Union Finance Minister Arun Jaitley and other bigwigs to an independent, entering the fray for ten vacant Rajya Sabha seats from Uttar Pradesh, a contest to the Parliament's Upper House became imminent today.

"As many as 11 BJP candidates and an independent filed their nomination papers today. This takes the total number of candidates in the fray to 14, with SP's Jaya Bachchan and BSP's Bhimrao Ambedkar having already filed nominations earlier," returning officer Poonam Saxena told PTI.

Farmers' stir: Under-pressure Maha govt accepts demands

Under pressure from the opposition and ally Shiv Sena, the BJP-led Maharashtra government today accepted the demands of agitating farmers, including their right to till forest land, as thousands of agriculturists converged here in a sea of red.

In a major victory for the farmers who trekked 180 km from Nashik to here over six days under the blazing sun, some even barefooted, the state's Revenue Minister Chandrakant patil said their "all demands" are being accepted.

Farmer tsunami to hit Maha Vidhan Sabha today

With some 30,000 farmers, who have come walking all the way from Nashik, gearing up to protest outside the Vidhan Bhavan on Monday, Maharashtra Chief Minister Devendra Fadnavis has called a meeting of officials in the morning to discuss issues plaguing the state farmers.

Inefficiencies in logistics cost India $95 billion

Inefficiencies in the logistics chain, resulting from its unorganised nature, cost the Indian economy an estimated $95 billion, finds a study by Knight Frank.

Logistics costs in India are approximately $309 billion, which account for 13–14 per cent of the gross domestic product (GDP). This is higher than the global average of sub-8 per cent, as the Indian logistics sector is largely unorganised and inefficient compared with its global counterparts. 

Around 90 per cent of the logistics service provi­ders in the Indian market are in the unorganised segment.

SBI, UCO Bank invite bids for Rs 1,245cr NPAs

SBI and UCO Bank are looki­­ng for buyers to sell Rs 1,245 crore non-pe­r­forming accounts (NPAs) and have invited bids from banks, as­set reco­n­struction compani­es (ARCs), non-banking fin­a­ncial companies (NBFCs) and financial institutions (FIs) to clean their books of such dud assets.

“In terms of bank’s revi­s­ed policy on sale of financial assets in line with the regulatory guidelines, we place Ze­nith Birla (India) and Sona Alloys for sale to ARCs/banks /NBFCs/FIs,” SBI said in the bid document.

PMO calls officials’ meet on exporters’ GST refunds

The prime minister’s office (PMO) has called a meeting of top officials of commerce and finance ministries on Monday to discuss the issue of goods and services tax (GST) refunds as exporters have claimed that 70 per cent of refunds are still stuck even after eight months of the new indirect tax regime.

Centre thinking out of box to end agrarian crisis

Faced with an agrarian crisis ahead of the general elections in 2019, the Centre has decided to rope in states to thrash out a comprehensive strategy to put the farm sector back on accelerated growth path. The aim is also to improve farmers’ income by ensuring that they get higher minimum support price (MSP).