Amit Bhanot, Managing Editor, Governance Democracy & Politics Magazine, February Issue Last full budget of Narendra Modi Government has come with lot of expectations and perception of populism was looming large over the economic rationale. Finance Minister Arun Jaitley was having a key challenge to rein in ever increasing fiscal deficit on one hand and burden of huge expectation from all the corners of the society on the other. Having said that, in my opinion FM has fine-tuned the general budget 2018 in such a fashion that a fabulous balance has been maintained, with special focus on “Bharat” while strategically…
Author: Amit Bhanot
(PTI) BJP MPs will have a dinner meeting with Prime Minister Narendra Modi and party president Amit Shah on Friday at the new BJP headquarters here. Modi informed the MPs about the dinner meeting at the BJP Parliamentary Party meeting and said he was doing so on behalf of Shah who had gone to Meghalaya to attend the swearing-in ceremony of Chief Minister Conrad Sangma. Party sources said it will be an occasion for the MPs- 332 in total- to visit the headquarters- a modern and capacious building at Deen Dayal Upadhyay Marg- and interact with their leaders. The BJP is in an upbeat mood following…
(LiveMint) The extent of the unravelling fraud at India’s state-run Punjab National Bank (PNB) could rise beyond the nearly $2 billion mark so far outlined by the lender, according to a source involved in the probe and court documents reviewed . The source, who asked not to be named, said investigators had not yet recovered all the papers and loan guarantees allegedly issued by rogue employees of the bank, and consequently believed the bank’s exposure could be greater than revealed so far. In what has been dubbed as the biggest fraud in India’s banking history, Punjab National (PNB) and police have…
(DJ) वित्त वर्ष 2016-17 के दौरान सरकारी बैंकों के 81,683 करोड़ के लोन को बट्टे खाते में डाल दिया गया। यह जानकारी केंद्रीय वित्त मंत्री अरुण जेटली ने राज्यसभा में दी है। राज्यसभा में लिखित उत्तर देते हुए अरुण जेटली ने कहा टैक्स बेनिफिट और कैपिटल ऑप्टिमाइजेशन के लिए ये लोन बट्टे खाते में डाले गए हैं। हालांकि उन्होंने यह भी कहा कि कर्ज के लेनदार रिपेमेंट के लिए जवाबदेह बने रहेंगे। वित्त वर्ष 2016-17 के दौरान सरकारी बैंकों के बट्टे खाते में डाले गए 81,683 करोड़ के लोन में से अकेले एसबीआई का हिस्सा 20,339 करोड़ रुपए का है।…
The ASH TRACK App would be managing 200 million tonnes of fly ash by tracking coal based power plants situated within 100 km and 300 km from given location and availability of fly ash, along with prospective users within the same radius. The App gives plant-wise, utility-wise and State-wise ash utilization status in the country, Reports Amitabh Kumar in Governance Democracy & Politics (GDP) Magazine’s, February Issue Union Minister of State (IC) for Power and New & Renewable Energy, R.K Singh, launched a Web based monitoring System and a Fly Ash mobile application named Ash Track. These platforms will enable better management of the ash produced by thermal…
(PTI) Seeking to join forces with other agencies to check financial frauds, regulator Sebi plans to make it mandatory for listed companies to make urgent disclosure about all major loan defaults. Concerned over an alleged loan fraud of over Rs 12,000 crore at state-run Punjab National Bank remaining undetected for years, the capital markets watchdog is revisiting its “on-hold” proposal to mandate listed firms to disclose all ‘substantial’ loan defaults within a day. The proposal is expected to be discussed by Sebi’s board at a meeting later this month, even as a final decision is yet to be reached on the…
(ET) The Reserve Bank has further tightened the priority sector lending (PSL) norms for foreign banks by directing them to mandatorily create sub-targets so that they lend a portion of their loans to small and marginal farmers as well as micro enterprises from April. The move, directed at foreign banks with over 20 branches will impact the likes of Standard Chartered, Citi and HSBC, which much higher branch presence, and will come into force from the next financial year. The PSL norms mandate foreign banks to eventually lend 40 per cent of their total loan book to the priority sector, such…
(ET) The looming threat of safeguard duty and anti-dumping duty on imports of solar panels and modules has begun impacting participation in solar auctions, leading to postponement of two recent auctions. A1000 MW auction by Maharashtra State Electricity Distribution Co Ltd (MSEDCL), announced in December, has been postponed for the fourth time as only two developers submitted bids by February 23 deadline fixed after the third postponement. The last date for submission has now been extended to March 9. Similarly, a 1200 MW auction by Karnataka Renewable Energy Development Ltd (KREDL) announced in end-January, has been postponed because just two…
(Hindustan) सुप्रीमो लालू प्रसाद यादव की बेटी मीसा भारती आज सोमवार को कोर्ट में पेश होंगी। मनी लॉन्ड्रिंग के मामले में दिल्ली के पटियाला हाउस कोर्ट ने मीसा को पांच मार्च को कोर्ट में पेश होने के लिए नोटिस भेजा था। पटियाला हाउस कोर्ट के नोटिस का उल्लंघन करने पर मीसा भारती और उनके पति के खिलाफ कार्रवाई भी की जा सकती है।इससे पहले प्रवर्तन निदेशालय (ईडी) ने मीसा भारती के दिल्ली स्थित एक फॉर्म हाउस को जब्त कर लिया है। यह मामला आठ हजार करोड़ रुपए के मनी लॉन्ड्रिंग मामले से जुड़ा हुआ है।
(Tribune) Weather conditions worsened last evening as the upper Manali region experienced a fresh spell of snow, while the lower parts were lashed by rain today.The lower area also had snow, but it was so mild that it melted within a few hours.Dark clouds remained hovering over the region which resulted in the snowfall in higher reaches this afternoon.The Rohtang Pass also received a heavy snowfall. The entire higher reaches, including the Pir Panjal ranges, Marhi, Gulaba, Kothi, Dhundi, Bhrighu slopes, Hamta ski slopes, the Chanderkhani Pass, also received a moderate to heavy snow. The famous ski slopes of the…