Page 2 - Government Of India

Govt invites applications for 17 posts at CCI on deputation basis

The government has invited applications for 17 posts, including for Additional Director General and Deputy Director General, at the Competition Commission of India (CCI) on a deputation basis. The CCI, which comes under the Ministry of Corporate Affairs (MCA), keeps a tab on anti-competitive practices in the marketplace and also works towards promoting fair trade practices. Applications have been sought for the posts of Additional Director General, Joint Director General and Deputy Director General, among others, according to a notice. Applicants must be employees of central or state governments, government companies or autonomous bodies or regulatory authorities or universities or judicial institutions of central/ state governments. The appointment will be made on deputation on a foreign service terms basis initially for a period of three years, which can be extended for a period not exceeding seven years. "Applications in the prescribed proforma, together with all necessary ...

Govt to keep working to further women's empowerment: PM Modi on Women's Day

On International Women's Day, Prime Minister Narendra Modi on Wednesday lauded the role of women in India's progress and said his government will keep working to further women's empowerment. "On International Women's Day, a tribute to the achievements of our Nari Shakti. We greatly cherish the role of women in India's progress," Modi said in a tweet. "Our government will keep working to further women empowerment," he said using the hashtag 'Nari Shakti for New India'. The prime minister also shared on Twitter a compilation of women achievers whose life journeys were chronicled in 'Mann Ki Baat'.

Upcoming retail trade policy to help brick and mortar traders: Centre

The Centre plans to come out with a retail trade policy which would provide more credit and better infrastructure to brick and mortar traders

Govt to come up with control orders to stop sub-standard goods' import

The government will come up with as many as 58 quality control orders (QCOs) for products such as aluminium, copper items and household electrical appliances in the next six months, in a move aimed at containing import of the sub-standard goods and boost domestic industry, a senior government official said. The department for promotion of industry and internal trade (DPIIT) is working hard to promote manufacturing of high quality products in the country. "Since 1987, only 34 QCOs have been issued. But now we are coming up with 58 QCOs in the next six months. The main objective is to stop import of sub-standard goods. These mandatory norms will be for domestic and foreign players," Joint Secretary in the DPIIT Sanjiv told PTI. There will be 315 product standards under these orders. The items, under these orders, cannot be produced, sold/traded, imported and stocked unless they bear the BIS (Bureau of Indian Standards) mark. "These QCOs will be notified within a year after following

After CEC, will there also be a change in how judges are appointed?

The govt may now come back with a modified version of the NJAC bill whereby the practice of judges appointing themselves is stopped

Govt to offload additional 2mn tonnes of wheat in market to cut prices

The Centre on Tuesday announced it will offload an additional 20 lakh tonnes of wheat in the open market to bring down the prices of wheat and wheat flour. On January 25, the Centre had announced sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check rise in prices of wheat and wheat flour (atta). According to an official statement, the government has decided that state-owned Food Corporation of India (FCI) will offload an additional quantity of 20 lakh tonnes of wheat in open market under the Open Market Sale Scheme (OMSS). The stocks will be for sale through e-auction to flour mills/private traders/bulk buyers/manufactures of wheat products. The proposal to sell stocks in the open market was taken by a group of ministers, sources said. "So far, 50 lakh tonnes (30+20 lakh tonnes) of wheat have been decided to be offloaded under the OMSS. The reduction in reserve price along with additional offloading of 20 lakh tonnes of wheat will collectively help in

Government monetised enemy properties worth Rs 3,400 crore, says official

The government has earned over Rs 3,400 crore from disposal of enemy properties, mostly movable assets like shares and gold, officials said. Enemy properties are those left behind by people who took citizenship of Pakistan and China after leaving India during the partition and post the 1962 and 1965 wars. "The Custodian of Enemy Property for India (CEPI) has realised a total of Rs 3,407.98 crore from disposal of enemy properties which include 7,52,83,287 shares (for Rs 2,708.9 crore) of 152 companies in 2018-19, 2019-20, 2020-21 and 2021-22, and Rs 699.08 crore as revenue receipts," an official of the Ministry of Home Affairs (MHA) said on Tuesday. Altogether, 1699.79 grams of vested gold has also been sold for Rs 49,14,071 and 28.896 kilogram of silver ornaments have been disposed of for Rs 10,92,175 in January 2021 through Government of India Mint, Mumbai as per provisions of the Enemy Property Act, he said. No immovable enemy property has so far been monetised by the government

Union Cabinet approves 'Vibrant Villages Programme' for northern borders

The Union Cabinet on Wednesday approved the centrally-sponsored "Vibrant Villages Programme" for financial years 2022-23 to 2025-26 with an outlay of Rs 4,800 crore, Union minister Anurag Thakur said. It will lead to infrastructure development and livelihood opportunity in four states and one Union Territory along the northern borders, he told reporters. The programme will help encourage people to stay in their native locations in border areas and reverse the out-migration from these villages, thus adding to improved security of the border. The scheme aids to identify and develop economic drivers based on local, natural, human and other resources of the villages on the northern border and development of growth centres on Hub and Spoke Model through promotion of social entrepreneurship, empowerment of youth and women through skill development and entrepreneurship.

Illegal subsidies by trade partners hurt Indian trade, business: Govt

The government on Monday said illegal subsidies by trade partners and other countries hurt Indian trade and business, and that corrective actions are taken in the form of invoking dispute settlement mechanisms. The Department of Commerce on February 9, 2023 had stated that illegal subsidies by trade partners and other countries hurt Indian trade and business, Minister of State for Corporate Affairs Rao Inderjit Singh told the Lok Sabha. "At a multilateral forum, the disciplines regulating the provision of subsidies and the use of countervailing measures to offset injury caused by subsidized imports are addressed in the Agreement on Subsidies and Countervailing Measures," he said in a written reply. According to him, the subsidies whether they are prohibited (illegal) or actionable are determined by three major steps within the Subsidies and Countervailing Measures agreement. Based on them, corrective actions are taken in the form of invoking dispute settlement mechanism, Singh said

Why the govt shouldn't just privatise factories but infrastructure too

India should consider a reverse Build Operate Transfer (BOT) model wherein the government finances a project on the EPC basis, and then when it's ready, it auctions it off to the private sector

Adani case brings back the question of infrastructure financing in India

The projects need cash, and Adani could well face serious shortfalls. Whether the govt bails them out by giving money or takes them over is a billion-dollar question

Want to make exemption-free tax regime attractive for people: FM Sitharaman

Sitharaman said large macroeconomic considerations had been kept in mind, and fiscal consolidation had not been ignored

Focus on bank governance: Pain points & what's on offer in Budget

A move to the stricter expected credit loss model in accounting for bad loans is on the cards for banks

A credible effort

The Budget makes all the right noises and avoids the temptation to be populist

Sartorial to spending: Green dominates the House during Budget speech

The word 'green' was used by the finance minister 23 times in her 60-plus-minute speech, reinforcing the jungle theme as she moved from thicket to thicket, stumbling occasionally

Union Budget 2023 augments capex without sacrificing fiscal consolidation

The quality of the fiscal deficit is also set to improve in FY24, with capex accounting for a much larger share of the same vis-a-vis FY23

Govt health spend must hit 2.5% of GDP by 2025, says Economic Survey

At the same time, out-of-pocket expenditure as a percentage of total health expenditure has declined from 64.2 per cent in FY14 to 48.2 per cent in FY19

Budget 2023: What is the Economic Survey? All you need to know about it

The Survey reviews the economic and financial trends in the nation over the past year and provides detailed data and analysis on all the major sectors of the economy

Budget expectation: PLI scheme might be extended to other industries

Currently, 384 eligible companies, global and homegrown, in 14 industries are eligible for incentives

Budget 2023-24: With all eyes on growth, it's over to FM Sitharaman

Even as India is a relatively bright spot in the global economy, most of its big trading partners in the West, and China are bracing for a deep slowdown and, in some cases, a recession