A few austerity measures have been ordered by the Union government, which includes a ban on holding meetings of the government departments at five star hotels and creation of new posts in Central government departments, at a time when government revenue growth has slowed down.
Category: ECONOMY & POLICY
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Need of the Hour – Frost & Sullivan to focus on Blue Sky Innovation at its GIL 2013: India
As senior executives and influential thought leaders gear up to address, the challenges that lie ahead of them, they once again realize that innovation is the key to driving long-term revenue growth and developing a competitive edge.
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Govt reviews Rs 1.6 lakh cr infra projects
Reviewing the progress of infrastructure projects worth Rs 1.6 lakk crore, the Cabinet Committee on Investment (CCI) on September 17 discussed about the ways to overcome hindrances that are delaying them. The projects reviewed were across key infrastructure sectors such as roads, power and petroleum, among others.
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West Bengal may get Rs 1,500 cr from HPL stake sale
From the sale of its stake in Haldia Petrochemicals (HPL), the West Bengal government is expecting to earn more than Rs 1,500 crore in spite of accumulated losses and erosion of more than 50 per cent of the net worth of the petrochemical firm.
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MoEF to consider clearances for Kerala’s 3 key projects
The Centre has cleared three key projects in Kerala. They are: Re-development activities and the two-laning of Alappuzha bypass and two-laning Kollam bypass and the proposed Vizhinjam international container transshipment terminal by Vizhinjam International Seaport.
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Project bonanza in offing with rail land leases
Rail Land Development Authority (RLDA) has prepared an action plan for fast tracking the development of 75 multi-functional complex (MFC) sites in current year for which bidding process is being initiated in phases.
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Now FAR can be sold in Delhi under new land policy
As per the Union Urban Development Ministry, under the modified land pooling policy in the 'Master Plan-2021,' now property owners can sell a portion of their Floor Area Ratio (FAR) to another developer or landowner.
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Centre transfers Rs 480 cr to beneficiaries via DBT
Under the Direct Benefit Transfer (DBT) scheme, the Union government has transferred Rs 480 crore so far into about nine million accounts of beneficiaries. The DBT was was kicked off on January 1, said the Union government on September 11.
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Centre asks States to cut VAT on jet fuel to 4%
The Union government on September 10 asked State governments to cut value added tax (VAT) on jet fuel to four per cent and ease a major burden on aviation industry in the country. The move comes as Indian airlines posting a combined loss of about Rs 10,000 crore in 2012-13 and a total debt of almost Rs 90,000 crore.
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Now Govt mulls Right to Housing Bill
After food security bill, the Union Government is now going ahead with the new proposal – Right to Housing – which is under discussion, said the Union Minister of State for Consumer Affairs, Food and Public Distribution System KV Thomas. The Union government has successfully passed the Food Security Bill in Parliament recently and now thinks a new Bill ensuring housing security for all citizens.