Plan and Policy

Plan & Policy

AFPCSL to disburse Rs 100 cr loans to farmers in Assam

The newly-formed Assam Farmer Producer Co-Operative Society today said it will disburse loans to the tune of Rs 100 crore among the farming community across the state over the next financial year.

"We have set our target to distribute Rs 100 crore loans to the farmers. We know that farmers face many difficulties while sowing due to lack of financial support. Our effort will be to provide micro credit to them," Assam Farmer Producer Co-Operative Society Ltd (AFPCSL) Chairman Kumar Gaurav told PTI here.

Centre asks JK govt to withdraw cases of first-time offenders

Taking the suggestion of the Centre’s special representative Dineshwar Sharma forward, over 4,500 cases against youths involved in stone pelting for the first time will be dropped in a bid to win hearts in the Kashmir Valley, officials said.

iPhone encryption fuels row

Unlocking a user-encrypted iOS device or accessing its contents has always be­en a contentious issue between tech giant Apple and law enforcement agencies across the world.

The issue has got prickly with Texas Rangers issuing a warrant to Apple demanding access to the iPhone SE used by the person who recently gunned down 27 people in a Texas church, according to a report by San Antonio Express-News.

The warrant seeks digital photos, messages, documents and other data that might have been stored on the gunman’s phone and on his iCloud account, reports moneycontrol.com.

Elevator firms baffled over eligibility for lower GST rate

Lowering of GST rates for elevators in single residential units has put the industry into confusion. Some developers are getting “fake” bonds signed by owners to get the tax benefit.

In August, the government had lowered GST rates for elevators in single residential units from 18 per cent to 12 per cent, while rates stay the same for other types of housing complexes.

5G unlikely to come cheap

As Indian telecom operators gear up to adopt 5G technology in two years, the actual cost of being part of that ecosystem and switching to it along with spectrum costs, would not come cheap, at least to begin with.

Govt to announce final electoral bond scheme in 7-8 days

The finance ministry is likely to announce the final scheme on electoral bonds in next 7-8 days, a top government official said on Tuesday.

“The government is working on the nitty-gritty of the electoral bond scheme and it will come out with the details in the next 7-8 days,” the official told TickerNews.

Finance minister Arun Jaitley in February announced the government’s intention to reduce limit for cash donation to political parties to Rs 2,000 from Rs 20,000 and a proposal to issue electoral bonds to be purchased from a bank.

Railways’ VIP culture continues with flourish, patronage

The VIP culture in Indian Railways seems to continue with a flourish, even as the Modi government has promised to completely do away with the privileges and incentives enjoyed by influential people.

The public transporter has been earmarking confirmed berths across its reserved trains to make it available for ministers, MPs and senior railway ministry officials.

This reduces the supply for general public, who queue for hours at railway reservation counters for a confirmed ticket.

Monthly hike in LPG, kerosene prices set to continue into FY19

Consumers may continue to pay higher price for domestic gas cylinder and kerosene every month as rising global oil prices is set to delay the government’s plan to eliminate subsidy on the two products by the end of the current financial year.

This would mean monthly increase of Rs 4 per domestic LPG cylinder (14.2 kg) and fortnightly increase of Rs 0.25 per rise in price of kerosene sold through public distribution system (PDS) would not end by March, 2018 but continue well into whole of FY 2019 and even beyond.

Aadhaar may be made mandatory for property deals

In the next big step against black money after demonetisation and GST, the government is likely to make linking of Aadhaar with real estate deals mandatory.

The unique biometric identification card, Aadhaar, is already being linked to bank accounts, mobile connections, subsidy transfers and PAN cards and the next connection could be property market deals, sources said. Aadhaar-based authentication could be made mandatory at the time of registration, sale, purchase and transfer of property.

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