Page 12 - Indian Government

Chirag Paswan vows transparency on investment at World Food India event

The government will refrain from sharing exaggerated figures on investments at the World Food India event this year until they are fully verified and materialized on the ground, Union Minister Chirag Paswan said on Wednesday. Addressing media at the curtain raiser of World Food India's third edition scheduled for September 19-22 here, the Food Processing Industries Minister sought to allay concerns over the status of investment made in the food processing sector during the last two editions. Responding to a PTI query on the status of investments made in the previous two editions and any plans to tighten MoU conditions, Paswan said, "Investments are promised while signing an MoU and there is a gestation period (for implementation). It is only after that we come to know how much has been grounded. Henceforth when we talk about investment, we will mention those investments which can be grounded." Paswan, who also launched a mobile app and website of the third edition, said, "We are ver

FY25 net direct tax collections up 21% at Rs 4.63 trn in April-June: Govt

On a gross basis, tax collection before refunds grew more than 22% year on year to Rs 5.16 trillion, the statement said

Union Budget 2024: No likely cut in fuel prices, PMAY allotment may rise

The Union Budget 2024 is expected to be announced in the third week of July. Finance Minister Nirmala Sitharaman to hold pre-budget meeting on June 20

Govt headhunter interviews eight people for HPCL top post; rejects them all

The government headhunter PESB has rejected all candidates it interviewed for the top job at Hindustan Petroleum Corporation Ltd (HPCL), the third instance in as many years that the board has not found any suitable candidate for the role in a state oil firm. The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd (IGL), but rejected them all. "The Board did not recommend any candidate for the post of chairman and managing director (CMD) HPCL and advised the Ministry of Petroleum & Natural Gas to choose an appropriate course of further action for selection, including the Search-Cum-Selection Committee (SCSC) or as deemed appropriate with the approval of the competent authority," the PESB panel said in a notification. The HPCL CMD post will fall vacant on September 1, 2024, when the incumbent Pushp Kumar Joshi retires on attaining a superannuation age of 60 years. The .

PM Modi, French President discuss ways to further strengthen partnership

Prime Minister Narendra Modi on Friday met French President Emmanuel Macron and believed to have discussed ways to further bolster the bilateral ties and exchanged views on global issues. The two leaders met on the sidelines of the G7 summit here in the southern resort town of Italy. It is Prime Minister Modi's first foreign trip after assuming office for a third time this month. The two leaders last met in January when the French President visited India to attend the 75th Republic Day of India. During their last meeting, the two leaders reaffirmed their shared vision for bilateral cooperation and international partnership, outlined in Horizon 2047 and other documents from the July 2023 Summit. Horizon 2047 Roadmap sets an ambitious and broad-ranging course for the bilateral relationship for 2047, the centenary year of India's independence.

'Most JP Morgan index clients to invest directly in Indian govt bonds'

India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September

PMO has become catalytic agent infusing new energy into system: PM Modi

Prime Minister Narendra Modi said Monday his office has become a "catalytic agent" which infuses new energy and dynamism into the system, and claimed that it used to be seen as a big power centre 10 years ago. Addressing staffers of the Prime Minister's Office (PMO) after he began this third term, Modi said his only goal is "nation first" and his only motivation "Viksit Bharat", adding that this was his expectation from them as well. "My every moment is for the country," Modi said, asserting that he has promised to work round the clock to achieve the goal of India becoming a developed country by 2047. The PMO should be for service and it should be a people's PMO and not Modi's, he said, adding that he was not born to rule and he does not think about accumulating power. The 140 crore people of India are always on his mind and he considers them a form of God, Modi said. In the last three months, Modi said in an apparent reference to the election campaign, he witnessed their strength

Rising India food costs likely snapped inflation downturn in May: Report

The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.

Hindu-Muslim coalition back

The Muslim vote is the BJP's biggest worry. Knives are already out and probing its most critical fault line. Without recovering UP, the BJP's decline threatens to become chronic, and progressive

Reforms for 'Viksit Bharat' may not fall prey to new coalition government

But, in coalition, the focus may go off specific policies such as labour codes and privatisation

UPS in talks with govt to make some parcel-tracking tags in India: Official

UPS began expanding its use of radio-frequency identification (RFID) tags on packages about two years ago, helping its workers avoid millions of package scans per day

India needs mandate for clear, continuous leadership: Ex-diplomat Shringla

India requires a mandate for a clear and continuous leadership that can take decisions to make it a developed nation by 2047, former top Indian diplomat Harsh Vardhan Shringla said Wednesday. Shringla said even in the US he has got an impression that the administration would like to see a clear mandate in India that would make it a strong economic power. What we need is a mandate for a clear and continuous leadership that can take the decision that will take Bharat to a Vikshit Bharat stage by 2047, Shringla told PTI. The former foreign secretary and the Indian Ambassador to the US is currently on a private visit. The youth, which is the majority of the country, expect that and they will provide a mandate to the leadership that will bring them the best opportunities and take us to a situation we have never even dreamt of being a developed country in every sense of the world whether it is women empowerment, economic, socioeconomic or environmental developments, he said. I think we

Govt eyes Rs 1 trillion in dividend from RBI to meet budget deficit target

A big surplus transfer will help the government in meeting any shortfall in disinvestment receipts and create room for funding welfare programmes after the elections

Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks

The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said

Raft of exemptions for government companies covers Sebi, MCA, CCI

The rules surrounding MPS requirements have differed for PSUs compared to their private sector counterparts

Govt should strongly condemn killing of ex-Army officer in Gaza: Gokhale

Trinamool Congress MP Saket Gokhale on Wednesday wrote to External Affairs Minister S Jaishankar, urging that the government strongly condemn the killing of a former Indian Army officer in Gaza. Col Waibhav Anil Kale, 46, who took premature retirement from the Indian Army in 2022, had joined one of the UN agencies three weeks ago. He was killed in war-torn Rafah in Gaza on Monday morning, becoming the "first international casualty" for the world body since the Israel-Hamas conflict started last year. "It is shocking that a retired Indian Army colonel was killed by Israel in Gaza and the shameless Modi Govt hasn't uttered a single word," Gokhale said in a post on X, where he shared the letter written to the External Affairs Minister. Gokhale said the former Army officer was travelling in a clearly-marked UN vehicle when he was killed. "It is clear from reports that Col. Kale was killed when his convoy was attacked in a strike by the Israel Defense Forces (IDF). There is ...

With IPO in mind, Flipkart may move domicile from Singapore to India

The move by the company, valued at $33 billion, may provide a huge tax gain for the Indian govt

Engaging with govt on AI, see big opportunities: Krutrim's Ravi jain

The vision is to enable the developers to do cutting-edge innovation. These platforms or tools that developers need are computing and services and that is what we have opened up

The post-June 4 challenges

Both majority and coalition govts will have to rule by consensus henceforth

Ayushman Bharat Diwas 2024: History, importance, steps to register

On April 30, Ayushman Bharat Diwas, also referred to as Pradhan Mantri Jan Arogya Yojana (PM-JAY) Divas, is observed. The day's objective is to raise awareness of the scheme and its advantages