Page 16 - Indian Government

Centre allows exports of 397,267 tonnes broken rice backed by LoC

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8, the government said

India's deployment of cash transfer scheme a logical marvel: IMF

India's deployment of a direct cash transfer scheme and other similar social welfare programmes is a logical marvel, the International Monetary Fund (IMF) said on Wednesday. From India, there is a lot to learn. There is a lot to learn from some other examples around the world. We have examples from pretty much every continent and every level of income. If I look at the case of India, it is actually quite impressive, Paolo Mauro, Deputy Director of the Fiscal Affairs Department at the IMF, told reporters at a news conference here. In fact, just because of the sheer size of the country, it is a logical marvel how these programmes that seek to help people who are at low-income levels reach literally hundreds of millions of people, he said in response to a question on the impressive direct cash transfer programme being successfully implemented by the Indian government. There are programmes that target specifically women. There are programmes that target the elderly and farmers. Perhaps

MEA's Dr Adarsh Swaika appointed India's next ambassador to Kuwait

Dr Adarsh Swaika, a joint secretary in the Ministry of External Affairs, has been appointed India's next Ambassador to Kuwait.

Govt fines Ramban Tunnel contractor Rs 8.5 cr for collapse that killed 10

The highway authority has ordered the immediate removal of key personnel involved in the project and their debarment for a period of one year

Govt forms panel to study WHO reports on deaths linked to 4 Indian syrups

The government on Wednesday formed a four-member panel of experts to examine the details and adverse event reports received from the WHO on the deaths of 66 children in The Gambia being linked potentially to the four made-in-India cough syrups, official sources here said. They said the committee will recommend further course of action to the Drugs Controller General of India (DCGI) after examining and analysing the adverse event reports, causal relationship and all related details already shared by or to be shared by the World Health Organization. The development comes on a day the Haryana government ordered the halting of drug manufacturing at the Sonipat unit of Maiden Pharmaceuticals while the state drug regulator has asked it to explain within a week "many contraventions" found during a recent inspection, or face suspension or cancellation of license. The order to halt production came days after the WHO potentially linked four cough syrups manufactured at the facility to the ...

Haryana stops production at plant making cough syrups flagged by WHO

12 violations found at Maiden Pharmaceuticals' Sonipat facility, says state health minister

Can't abandon Bhopal gas tragedy victims: Govt to SC on compensation plea

The Centre told the Supreme Court that it is keen to pursue its curative petition seeking enhancement of compensation to Bhopal gas tragedy victims

Involving private players in grain procurement needs clear modalities

The idea in itself is not new and previously several attempts have been made to involve private players in official procurement, most recently in oilseeds

DMRC seeks Rs 3,500 cr from govt to comply with directions in DAMEPL case

The DMRC has sought a sum of Rs 3,500 crore from the Government of India in the form of grant/equity interest free subordinate debt to comply with High Court directions in the DAMEPL case

Govt to kick off Budget-making exercise for FY 2023-24 on Monday

The government on Monday will kick off its annual Budget making exercise for financial year 2023-24, that is expected to look at measures to revive growth amid a gloomy global outlook. The meeting would start with consultations with various ministries and departments on the revised estimates (RE) of expenditure for ongoing financial year and the fund requirement for 2023-24. On the first day on Monday, RE meetings with Ministry of Environment, Forest and Climate Change, Ministry of Labour And Employment, Ministry of Information and Broadcasting, Ministry of Statistics and Programme Implementation and Ministry of Youth Affairs and Sports would take place. Most of these discussions to finalise RE for ongoing financial year (2022-23) and Budget Estimate for 2023-24 would be chaired by the Finance Secretary and Expenditure Secretary. The month-long deliberations would end on November 10, with consultations with Ministry of Cooperation, Department of Agriculture and Farmers Welfare, ...

India has nano demographic window to become developed country: Finance secy

India has a nano demographic window to achieve developed country status, and if it misses, it may not reach there, Union Finance Secretary T V Somanathan said on Saturday. The country has to grow at a rate of 8-8.5 per cent to reach developed country status, he said at an event here. "In the first decade of this century, China grew at approximately 9.5 per cent per annum and similar growth rates were witnessed in countries like South Korea and Taiwan" Somanathan said. The finance secretary made the comments while delivering the G Ramachandran Endowment Lecture on 'Development in Changing Times, the role of government efficiency' at the Madras School of Economics here. "The other thing which we often hear and it is an important point that a lot of people make is that we have nano demographic window in which to achieve developed country status, and if we don't catch this window or if we do not use this window, we may never get there," he said. "There are two widely held views abo

Create investor-friendly ecosystem: G Kishan Reddy tells northeast states

Union Minister G Kishan Reddy on Saturday asked all states of the northeast region to create an investor-friendly ecosystem and suggested the authorities concerned to organise a global summit to attract investments. Reddy, the minister for Development of North Eastern Region (DoNER), directed senior officials to prepare an action plan for the proposed global investors' conclave in the coming months. "A global investors' summit for NE should be organised soon, and all state governments should start undertaking measures for developing an investor-friendly ecosystem," he said while addressing the 70th Plenary Session of the North Eastern Council (NEC) here. Various measures, such as changing existing policies to suit the needs of investors, digitising land banks with plot level information, simplifying processes, providing a single window clearance system and developing an inventory of readily investible projects, must be undertaken. Each state of the region should work on establishin

Govt, industry should work to make India a much larger economy: Goyal

Union Minister Piyush Goyal on Friday said the government along with the industry should work on a bigger goal to make India a developed country and aspire to become a much larger economy by 2047. If we all put our best foot forward and aspire for double-digit growth, we can be much bigger, he said addressing FICCI's National Executive Committee Meeting. Speaking on inflation, Goyal said that over the last eight years including the current slightly elevated levels, the CAGR inflation is under 4.5 per cent through our tenure. When the other countries have double-digit inflation, India continues at moderate 7 per cent. There is monitoring of prices by the government on a daily basis. We are looking at, in the next few months, inflation coming back within the RBI's band of 2-6 per cent," he added. The Minister for Commerce and Industry highlighted that India has tremendous potential with a large talent pool both to encourage design manufacturing services and the manufacturing eco-syst

Centre asks CJI U U Lalit to name successor before retiring on Nov 8

Justice Lalit tenure would demit office on November 8

85% of Indian schools yet to implement vocational courses: WEF report

Titled Education 4.0 Report', the report explains how technology can address learning gaps and make education accessible to all

Finance Ministry cuts August 2022 spend: Efficiency or compression?

The centre saved around Rs 10,000 crore through SNA last fiscal year

Govt likely to save around Rs 80k crore in FY23 from unused budgeted funds

The government will be saving more than two per cent on the Rs 39.4 trillion budget

Even Indian bonds are not spicy enough for global investors to bite

What will break the impasse and when? Apart from some simplification of processes and taxation, a lot will depend on the Reserve Bank of India's policies, especially on exchange rates.

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Aug tax collections decline 7.7%; personal income tax mop-up drops 37%

Direct taxes fall 42% to Rs 34,972 crore, from Rs 60,363 crore in August last year