(PTI) Finance Minister Arun Jaitley said today that dealing in cash has a cost and a clear trend is emerging in the country which shows a shift towards digital transactions. “Excessive dependence on cash has its cost. It is not just cost but it is a curse on both society and economy,” he said at an event organised by Punjab National Bank (PNB) here. There is clear subtle change taking place in the country and there is a shift towards digital payment, he said. Digital transactions and transactions through banking instruments is going to grow, he added.The government has been pushing…
Author: Aruna Sharma
(ET) The Indian Railways may rope in state-owned Rural Electrification Corporation (REC) to fund its ambitious plan to electrify the entire network by 2021-22. The corporation is likely to lend the railways the entire project cost of around Rs 30,000 crore, spanning over four-five years, at an annual interest rate of 9% for a lending period of 8-10 years, a top railway ministry official said. The railways will be spending almost Rs 8,000 crore every year towards electrification electrification for the next four years. Railway minister Piyush Goyal recently met top REC officials and discussed the funding for the electrification project,…
(AU) दक्षिण कश्मीर के पुलवामा जिले के कांडी अगलर इलाके में सुरक्षा बलों और आतंकियों के बीच मुठभेड़ में तीन आतंकी ढेर हो गए। जानकारी के मुताबिक सुरक्षा बलों के पुलवामा इलाके में आतंकियों की मौजूदगी के इनपुट मिले जिसके बाद सुरक्षा बलों ने इलाके को घेर कर आतंकियों की तलाश शुरू की। बताया जा रहा है कि खुद को घिरता हुआ देख कर आतंकियों ने सुरक्षा बलों पर गोलीबारी शुरू कर दी। जिसका सुरक्षा बलों ने भी मुहंतोड़ जवाब दिया है। खबर है कि ये आतंकी हिजबुल मुजाहिदीन के है। जिनमें दो का नाम समीर टाइगर और वसीम इलयास बाबर बताया…
(NDTV) आयकर विभाग ने बेनामी संपत्तियों के खिलाफ जारी कार्रवाई के तहत अब तक 1833 करोड़ रुपये की संपत्तियां जब्त की है. केंद्रीय प्रत्यक्ष कर बोर्ड (सीबीडीटी) ने इसकी जानकारी दी. सीबीडीटी के चेयरमैन सुशील चंद्र ने कहा कि आयकर विभाग बेनामी संपत्तियों के खिलाफ कड़ी कार्रवाई जारी रखेगा और यह काम रुकेगा नहीं. उन्होंने कहा, ‘मैं आपको यह भरोसा दे सकता हूं कि यह जांच कभी बंद नहीं होगी. हम इस तरह की संपत्तियों के बारे में हर उपलब्ध स्रोतों से सूचना एवं आंकड़े जमा कर रहे हैं. इस तरह की और भी संपत्तियों की पहचान की जाएगी तथा उन्हें जब्त…
(FE) Gujarat Gaurav Maha Sampark Abhiyan, BJP is gearing up for crucial Assembly polls in Prime Minister Narendra Modi’s home state which will take place in December. Amit Shah will begin its mass contact drive on Tuesday in Gujarat to reach out to the party’s voters across the state. Under Gujarat Gaurav Maha Sampark Abhiyan initiative senior party leaders along with grassroots-level workers will visit households under the 50,000-odd polling booths across the state. The drive will continue till November 12. The Gujarat has been witnessing a high octane polling campaigning between ruling BJP and Congress. While Rahul Gandhi is using demonetisation and Goods and Services Tax…
(NDTV) After a whiplash of criticism, Bihar Chief Minister Nitish Kumar today amended an earlier decision that made it necessary for any company entering a contract with his government to put aside half of the jobs created as part of the deal for backward castes. “If you’re using government money and giving employment, then you have to follow the Reservation Act of the state,” the Chief Minister said today. “Although I am opposed to outsourcing, and the department should hire directly, we have made rules that if we are employing someone through outsourcing, then reservation policies should be followed.” Last…
(PTI) Revenue Secretary Hasmukh Adhia has been designated as the new Finance Secretary, an official order said today. Adhia is a 1981 batch IAS officer of Gujarat cadre. The vacancy was caused following the superannuation of Ashok Lavasa last month. The Appointments Committee of the Cabinet has approved designating Adhia as the Finance Secretary, the order issued by the Department of Personnel and Training said. As per the convention, the senior most Secretary in the Finance Ministry is designated as the Finance Secretary.
(FE) Fuel prices are set to rise further despite recent excise duty cut as Brent crude, the global benchmark for oil trade, hit yet another high on Monday at $62.39, highest since July 2015. The price of Brend crude has gone up by 36% since then, and subsequently fuel prices in India. According to government data, petrol price in Delhi, which was above Rs 70 per litre in the beginning of October fell sharply due to Rs 2 per litre cut by the central government and further Rs 0.50 per litre cut by oil companies. However, the petrol prices (Delhi), after staying around Rs…
In exercise of powers conferred under section 161 (2) of the Electricity Act, the Ministry of Power, Government of India, has issued an order today to constitute a committee to investigate the causes of the accident that occurred on 1st November 2017 at the Feroze Gandhi Thermal Power Plant Ltd. Unchahar Thermal Power Plant (Unit VI: 500MW) in Uttar Pradesh. The terms of reference of the Investigative Committee would include investigating into the causes of the accident and fixing of responsibility, if any, and to suggest remedial measures to avoid the recurrence of such incidents in the future. The committee shall submit…