Plan and Policy

Plan & Policy

Pranab in Nagpur; Daughter warns of BJP’s ‘dirty tricks’

Former President Pranab Mukherjee arrived here on Wednesday to attend the valedictory function of the Sangh Shiksha Varg, which has generated a lot of interest and controversy over the last few days.

Mukherjee, who had been in the Congress for most of his political career and had been slamming the RSS, will attend the function at the headquarters of the Sangh fountainhead.

Maha CM sits out as Shah meets Thackeray

BJP president Amit Shah, accompanied by Maharashtra chief minister Devendra Fadnavis, met Shiv Sena chief Uddhav Thackeray at the latter’s residence Matoshree on Wednesday. The meeting lasted for over an hour. Later, Shah met Thackeray for about 15 minutes alone in a closed room, while Maharashtra Fadnavis waited outside.

Patanjali to review food park decision after UP CM’s assurance

Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to expedite the process for Baba Ramdev’s Patanjali Ayurved to set up its Rs 6,000-crore food park, prompting the company to say it is reviewing the decision to pull out of the project.

On Tuesday, Patanjali had stated that it was pulling out of the mega food processing project along the Yamuna Expressway in Uttar Pradesh, citing non-cooperation from the state government and delay in clearances for transfer of land.

New norms for time-bound closure of sick PSUs

The government on Wednesday approved revised guidelines on time bound closure of sick and loss making central public sector enterprises and disposal of their movable and immovable assets. The move is expected to reduce delays in implementation of closure plans for loss making PSUs. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here.

The guidelines accord first priority for utilisation of available land parcels of CPSEs under closure for affordable housing as per the relevant guidelines of Ministry of Housing and Urban Affairs.

Salaries delayed at AI for 3 months in a row

Air India, which failed to get even a single bidder for its disinvestment plan, has delayed payment of salaries to its employees for the third consecutive month, according to sources.

The airline management has also not communicated to the staff as to when the salaries for the month of May will be paid, they added. “We have still not received our salaries for May. Moreover, the management has not informed us till date as to when it will be disbursed. This is the third month in a row that the airline has delayed the salaries,” one of the sources cited above said.

Rs 8,500 cr bailout package for sugar industry okayed

Concerned over rising farmers discontent over lower payments and the build up of cane arrears, the government has approved a Rs 8,500 crore package that aims to increase farmers income by creating a buffer stock for sugar and enhancing ethanol production capacity allowing additional outlet for sugarcane produce in a bumper season. 

Prez signs IBC ordinance; relief to home buyers

President Ram Nath Kovind on Wednesday signed the ordinance to amend the Insolvency and Bankruptcy Code (IBC), a development that comes as a huge relief to home buyers.

The ordinance gives the status of financial creditors to aspiring home buyers to legally recover their funds in case builders fail to complete projects on time or don't return money. The status of financial creditors gives them due representation in the committee of creditors (CoC) and makes them an integral part of the decision making process.

Rahul promises to end farmer woes if elected to power

Sounding the poll bugle from Mandsaur, the epicentre of last year’s farmer agitation in which five people were killed in police firing, Congress chief Rahul Gandhi on Wednesday attacked prime minister Narendra Modi for his “poor” show on job creation and farm distress. Rahul promised to waive all loans of farmers in case his party comes to power in Madhya Pradesh, which goes to poll in November. He also assured farmers that payment for their crops in mandis would be made in cash, suggesting that note ban and the following shift to digital mode of payment had hurt them.

INDIA PULLS RATE TRIGGER AFTER 4.5 YEARS

When India’s top three banks in terms of lending, State Bank of India, ICICI Bank and Punjab National Bank, increased their marginal cost of lending rates (MCLR) by 10 basis points, with effect from June 1, 2018, ahead of the Reserve Bank of India (RBI) policy meeting, those prescient enough to read the tea leaves knew that a rate hike was imminent.

‘No unprovoked attack from Pakistan to go unanswered’

Defence minister Nirmala Sitharaman on Tuesday said the Army will continue to respect the ongoing Ramzan ceasefire in Jammu and Kashmir but asserted that no unprovoked attack from across the border will go unanswered as the forces have been given the right to hit back.  Sitharaman, addressing a press conference on the occasion of the fourth anniversary of the NDA government, said the Army was given the right to adequately respond to any cross border attacks or unprovoked firing.

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