Plan and Policy

Plan & Policy

13 school kids dead as train-van collide in UP

Thirteen children on their way to school were killed on Thursday when a train rammed into their van at an unmanned railway crossing in Kushinagar, leaving blood-splattered bodies, water bottles and school bags strewn around.

Five others were injured as the Thawe-Kapatanganj passenger train hit the van carrying 25 people, mostly children from Divine Public School, at 7 am. Local people who rushed to the level crossing gate at Behpurva, saw bodies of children, aged between 8 and 10 lying about.

Gems & jewellery exports fall 5% in FY18

Gems and jewellery exports in FY18 resumed its declining trend since 2012-13, after a short respite in 2016-17. In the last financial year, exports declined by 5 per cent largely due to drop in shipments of silver jewellery. Industry insiders feel that PNB scam has a bearing on the exports.

The total exports drop­ped 5.06 per cent to $40.97 billion from $43.15 billion in FY18. In rupee terms exports declined 8.67 per cent to Rs 2,64,130 crore against Rs 2,89,207 crore in FY17.

Direct selling industry reports 24% sales rise

Despite growing at 8.42 per cent in the past 5 years, the Indian direct selling industry is facing a big chall­e­nge from e-commerce fir­ms as they trade direct selling pro­ducts on their own.

According to the Indian Direct Selling Association’s an­nual report 2016-17, rele­a­sed by Niti Aayog vice-ch­a­i­r­man Rajeev Kumar on Tuesday,  the direct selling in­dustry of­f­er big opportunities in ter­ms of economic gro­wth, self-employment and women empowerment.

ED attaches Rs 143 cr FDs of Kanishk Gold

The enforcement director­a­te on Thursday atta­c­h­­ed Rs 143.58 crore fixed deposits (FDs) in connecti­on with a bank loan money laundering probe against a Chennai  je­wellery firm. Ka­n­ishk Gold, which sold jewellery in the brand name of Krizz, is accused of defa­ul­t­i­ng on Rs 824 crore bank loan.

The agency attached FDs after a similar attachment of assets (plant and machine­ry) worth Rs 48 crore was ma­de against the firm two days ago. The total attachment in this case is now Rs 191 crore, it said.

CBI books top, retd IDBI Bank officials in Rs 600cr loan fraud

CBI has booked top officials of two public sector banks, a former CMD of IDBI Bank, former Aircel promoter C Si­v­asankaran, his son and co­mpanies controlled by him in connection with an Rs 600 crore loan fraud, officials said on Thursday.

CBI has named 15 bank officials who worked at senior levels at IDBI Bank in 2010 and 2014 when loans were sanctioned to the companies controlled by Sivas­a­n­karan in its FIR registered on a complaint from the ce­ntral vigilance commission, they said.

Govt non-committal on cutting fuel prices

The government does not seem to be in a mood to act on rising petrol and diesel prices even though it knows fully well that it will have to pay a heavy price for ignoring public ire. The common man is reeling under ever increasing fuel prices. So far this year, petrol prices have gone up over Rs 4.5 a litre and diesel Rs 6 per litre.

US should not sanction India over defence deal with Russia: American lawmakers

Top American lawmakers and experts have warned that imposition of sanctions on India under a newly-enacted law if it buys the S-400 air defence missile system from Russia could be disastrous for the Indo-US ties.

Countering America's Adversaries Through Sanctions Act (CAATSA), which was signed into law in August 2017 and went into effect in January this year, mandates the Trump administration to punish entities engaging in significant transaction with the defence or intelligence sectors of Russia.

From hut to Rs 10,000 cr empire to jail

Asaram’s official website states that he was born as Asumal Sirumalani in 1941 in Berani village of Sindh in Pakistan. After the partition in 1947, he came to Ahmedabad with his parents and studied till Class 4 in a school in the Maninagar area, but dropped out at the age of 10 after the death of his father, Thaumal.

ICC to PM — all caught in godman wrangle

The International Cricket Council (ICC) on Wednesday found itself caught in the Asaram wrangle. Soon after a Jodhpur Court sentenced life imprisonment to the self-styled guru for raping a 16-year-old girl in 2013

Asaram found guilty of rape, gets life term

AJodhpur court on Wednesday sentenced self-styled godman Asaram to life in prison after finding him guilty of raping a teenage girl in his ashram five years ago, the second case of a powerful spiritual leader being convicted for a sexual offence in less than a year.

Special judge Madhusudan Sharma’s verdict, which comes as the debate over sexual violence, particularly the rape of minors, intensifies across the country, was read out in the Jodhpur Central Jail where 77-year-old Asaram has been kept for over four years.