Plan and Policy

Plan & Policy

Axis to step up counter-terror cooperation

India, China and Russia on Monday resolved to step up cooperation to counter terrorism, including choking terror funding and dismantling terrorist infrastructure, as the Indian side flagged concerns over increasing acts of terrorism by Pakistan-based terror outfits such as Lashkar-e-Taiba.

Nov retail inflation seen at 4.40%

India’s retail inflati­on will likely rebound above the Reserve Bank of India’s (RBI) medium-term target of 4 per cent in November, the first instance in 13 months, confirming inve­stors’ fear of unlikely change in repo rate in the financial year ending March 2018, a poll showed on Monday.

The consumer price ind­ex-based inflation, the key policy target of RBI, is likely to have quickened to 4.40 per cent in November from 3.58 per cent in October, according to the median estimate of 23 economists polled by TickerNews.

Rahul elected Cong chief, to take over before Guj poll results

Rahul Gandhi has been elected unopposed as Congress president, party’s central election authority head Mullappally Ramachandran announced here on Monday. Rahul will collect the certificate formally declaring his ascension to the post on December 16, he told reporters here.

The 47-year-old scion of the Nehru-Gandhi family was the lone candidate in the fray. Rahul Gandhi succeeds his mother Sonia Gandhi, who remained in the post for 19 years.

Govt in talks with Singapore for cruise connectivity: Gadkari

Keen on promoting cruise tourism on a mega scale, Union Minister Nitin Gadkari today said talks are on with Singapore for cruise connectivity.

India has huge potential for cruise tourism and efforts in this direction could boost it from 80 ship per annum to 900, the shipping minister said.

"The cruises from India could go to Singapore, Philipines and Thailand and the projects will be developed on PPP (public private partnership) mode," the minister said on the sidelines of an event.

Rahul set to take over Cong reins on Dec 16

Rahul Gandhi is likely to assume the reins of the Congress on December 16, marking a generational shift in the grand old party when his mother and its longest-serving president would formally hand over the baton to him.

Govt hopeful of meeting Dec deadline

Even as the deadline of December 31for connecting one lakh gram panchayats with high speed broadband services under the phase I of BharatNet project approaches, about 18,500 of them are yet to be provided with data connectivity. The government is hopeful of meeting the target well on time though.

Bids for RCom's spectrum, tower to open this week

Bids for assets of spectrum, towers and optical fibres of debt-ridden Reliance Communications (RCom) will open this week under the aegis of the joint lenders forum as the Anil Ambani-led company is pushed to the wall by bankers to repay their accumulated Rs 44,000 crore debt.

Global, local traders differ on Nov figures

Global diamond mining majors and trading hubs find that the low base effect due to demonetisation and stronger India demand this year have led to a surge in November exports. Gems and jewellery exporters in India, however, are not willing to buy the findings.

Panama: ED seizes assets linked to former IPL chairman

The Enforcement Directorate (ED) today said it has seized mutual funds valued at Rs 10.35 crore under the FEMA law of a company "controlled" by businessman and former IPL Chairman Chirayu Amin in the Panama Papers case.

The central probe agency said it seized mutual funds of Whitefield Chemtech Private Limited, "which is controlled by Amin and his family", under section 37A of the Foreign Exchange Management Act (FEMA).