Traders' body CAIT on Wednesday urged the government not to accede to any demand by large e-commerce players or US associations for changes or delayed implementation of revised FDI norms for e-commerce alleging that these firms are lobbying hard and its time government should probe their business. CAIT will launch a nation-wide protest if the government accedes to the e-commerce player’s demand to change or delay the implementation of revised FDI norms for e-commerce.
Plan and Policy
Plan & Policy
The Cabinet on Wednesday approved a Rs 22,594-crore expansion of Numaligarh refinery in Assam for increasing the capacity by 6 million tonnes per annum to meet the fuel demand of north-eastern India.
The government will provide a Rs 1,020 crore viability gap funding for the project, said Coal and Railway Minister Piyush Goyal in a news briefing on Cabinet decisions.
Exide Industries Ltd, the country’s largest lead acid storage battery maker, has now rolled out a new range of next generation online UPS called Power NXT. Using cutting edge technology, these online UPS range is targeted at the burgeoning SOHO (small office home office) segment as well as large format retailers.
The BJP will kick-start a three-day series of rallies to be addressed by party chief Amit Shah across West Bengal on January 20, a day after Mamata Banerjee's mega show featuring opposition leaders from across the country. The announcement by state BJP president Dilip Ghosh comes amid an apex court directive asking the state government to allow the saffron party to hold public meetings.
A day after two independent MLAs withdrew support to the ruling coalition in Karnataka, Congress general secretary KC Venugopal on Wednesday asserted that none of his party legislators were going to quit and said a clear picture would emerge on Thursday.
"Not even one MLA is going to quit Congress. I have contacted my MLAs, and therefore, I am telling you this very confidently. In fact, by Thursday evening, you will have a clear picture about Karnataka," he said.
It is critical that the academia, educational institutions and government bodies collectively focused on training and preparing students for new-age and digital technologies to boost the next level growth of information technology and bio-technology, said Deputy Chief Minister of Karnataka, Dr. G Parameshwara.
India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes.
Prime Minister Narendra Modi’s ruling party is in favour of an expansionary economic policy and does not consider the government’s plan to keep the fiscal deficit to 3.3 per cent of GDP as “sacrosanct”.
After a brief disruption from oil price hike, high US interest rates and NBFC rollover problems, India is poised for accelerated growth from November onwards and has the potential to hit 7.3 per cent expansion rate and retain the fastest growing economy tag even in the next fiscal, Sanjiv Sanyal, (in pic) principal economic advisor in the ministry of financé, has said.
In the wake of IL&FS crisis, there is a need to review role of rating agencies as they continued to rate the NBFC at top notch investment grade even a day before it defaulted on its payment obligation, a top Finance Ministry official said.