User: iihs_blore Topic: AB_Test_Feeds_Jan_2018
Category: All-Channels :: AB Urban Economic Growth and Development
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Major allocation for Udan-2 scheme, AAI likely 30.1.2018 The Tribune
Tribune News Service New Delhi, January 29 The government had recently announced major relaxation in FDI norms for the aviation sector by allowing 100% FDI into Indian airline operators under the automatic route. This announcement came even as the process is underway for selling a stake in national carrier Air India. As per the earlier policy, foreign airlines were allowed to invest under government approval route in Indian companies operating scheduled and non-scheduled air transport services, up to the limit of 49% of their paid-up capital. However, the provision was not applicable to Air India, thereby implying that foreign airlines could not invest in Air India. Prime Minister Modi has time and again emphasised that aviation sector is crucial for the country’s development and the latest move would allow the national carrier to move forward in a positive manner while allowing the majority stake to stay with the government. This move would allow disinvestment in the national carrier more lucrative for ...
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Indirect taxpayers’ count up 50% post-GST: Survey 30.1.2018 The Tribune
Tribune News Service New Delhi, January 29 The Economic Survey for 2017-18 presented today has released data on employment and said India’s formal sector, especially formal non-farm payroll, is substantially greater than what it currently is believed to be. The Survey noted that it became evident that when “formality” was defined in terms of social security provisions like EPFO/ESIC the formal sector payroll was found to be about 31% of the non-agricultural workforce. When “formality” was defined in terms of being part of the GST net, such formal sector payroll share was found to be 53%, the Survey said. The Economic Survey this year drew attention to some new economic facts on the Indian economy. Goods and Services Tax (GST) has given a new perceptive of the Indian economy and new data has emerged. The Survey noted that there has been a 50% increase in the number of indirect taxpayers. There has also been a large increase in voluntary registrations, especially by small enterprises that buy from large ...
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Vijay Gokhale assumes office as foreign secretary 30.1.2018 The Tribune
New Delhi, January 29 Seasoned diplomat Vijay Keshav Gokhale, who played a key role in resolving the Doklam standoff with China, on Monday took charge as the foreign secretary, succeeding S Jaishankar. A 1981-batch Indian Foreign Service officer, Gokhale was serving as the secretary (economic relations) in the Ministry of External Affairs (MEA). Follow  The Tribune on Facebook ; and  Twitter @thetribunechd ) Gokhale, considered an expert on China, had played a key role in negotiations to resolve the 73-day-long Doklam standoff between Indian and Chinese armies last year. He was India's Ambassador to China from January 20, 2016 to October 21, 2017, before moving back to the MEA headquarters here. Gokhale will have a two-year tenure as the foreign secretary. He has also served as India's top envoy to Germany between October 2013 and January 2016. He has worked in Indian missions in Hong Kong, Hanoi and in New York. He has held the posts of director (China and East Asia) and then joint secretary (East Asia) ...
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Economic growth likely to improve to 7-7.5 per cent in FY19: Survey 30.1.2018 The Tribune
Child, maternal malnutrition remain major risk factors for health The Survey has pegged the GDP growth for the current fiscal at 6.75 per cent and said that exports as well as private investments are set to rebound in the coming year. The growth rate is higher than the recent CSO estimate of 6.5 per cent. The Gross Domestic Product (GDP) growth was 7.1 per cent in 2016-17 and 8 per cent in the preceding year. It was 7.5 per cent in 2014-15. The growth in the current fiscal has been marred by the rollout of a nationwide Goods and Services Tax (GST) and the after effects of demonetisation of high value currency notes in November 2016. The good news for the economy comes just before the country heads toward several assembly elections this year and general elections scheduled before May 2019. More importantly, it points to the chaotic GST implementation finally stabilising and the waning of the after-effects of demonetisation. Deloitte India’s Lead Economist Anis Chakravarty said the Survey provides a ...
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Climate change may cut farm income by 20-25%: Economic Survey 30.1.2018 The Tribune
New Delhi, January 29 Climate change could adversely affect farmers’ income by up to 20-25 per cent in the medium term, the Economic Survey warned and suggested the need for “dramatic” improvement in irrigation, use of new technologies and better targeting of power and fertiliser subsidies. (Follow  The Tribune on Facebook ; and  Twitter @thetribunechd ) The government has also been recommended to take “radical follow-up action” to achieve its objective of addressing agricultural stress and doubling farmers’ income. Since agriculture is a state subject and an open political economy question, the Survey strongly advocated a mechanism similar to the GST Council to bring more reforms in the agriculture sector and boost farmers’ income. “Climate change — whose imprint on Indian agriculture is already visible — might reduce farm incomes by up to 20-25 per cent in the medium term,” the Survey for 2017-18 said. Climate change could reduce annual farm incomes in the range of 15-18 per cent on average, and up to ...
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Sunny Deol’s ‘tarikh-par-tarikh’ dialogue finds place in Economic Survey 30.1.2018 The Tribune
New Delhi, January 29 Bollywood actor Sunny Deol’s iconic dialogue ‘tarikh-par-tarikh’ (dates after dates) is used in the Economic Survey 2017-18 to highlight the frequent delays in the judicial process. (Follow  The Tribune on Facebook ; and  Twitter @thetribunechd ) The survey, tabled in Parliament today, called for coordinated action between government and the judiciary to address the delays and boost economic activity. It said, the next frontier on the ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas as these are hampering dispute resolution and discouraging investments. “The now iconic scream of 'tarikh-par-tarikh, tarikh-par-tarikh' by Sunny Deol was Bollywood's counterpart to Shakespeare: two different expressional forms -- the one loud and melodramatic, the other brooding and self-reflective -- but both nevertheless united in forcefully articulating the frustrations of delayed and-hence-denied justice,” it said. This famous dialogue appeared ...
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Famous film dialogues find mention 30.1.2018 The Tribune
Bollywood actor Sunny Deol’s iconic dialogue ‘tarikh-par-tarikh’ (dates after dates) is used in the Economic Survey to highlight the frequent delays in the judicial process. The survey calls for coordinated action between the government and the judiciary to address the delays and boost economic activity. It says the next frontier on the ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas as these are hampering dispute resolution and discouraging investments. A well-known song from Manoj Kumar-starrer ‘Upkaar’, ‘Mere desh ki dharti sona ugle ugle heerey moti’ figured in the climate change and agriculture section. PTI  Malnutrition poses health risk Child and maternal malnutrition continues to be the most challenging risk factor for health loss in India, the survey said. It listed air pollution, dietary risks, high blood pressure and diabetes as other key health risk factors facing the country. It, however, noted that there has been significant ...
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Maternity benefit scheme unlikely to get boost in Budget 2018 30.1.2018 National News – The Navhind Times

PTI NEW DELHI Demands from activists and economists for a raise in the budget allocation for the government’s maternity benefit programme have failed to cut ice with the Centre. The Ministry of Women and Child Development has not sought any increase for the Pradhan Mantri Matru Vandana Yojana (PMMVY), which promises Rs 6,000 to pregnant ...

The post Maternity benefit scheme unlikely to get boost in Budget 2018 appeared first on The Navhind Times.

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Gokhale takes over as Foreign Secy 30.1.2018 The Tribune
Tribune News Service New Delhi, January 29 Vijay Keshav Gokhale took charge this morning as the new Foreign Secretary following Dr S Jaishankar’s completion of term. Gokhale, who served as Ambassador to China before his last assignment of Secretary, Economic Relations, has been appointed as the Foreign Secretary for a fixed term of two years. Welcoming the new MEA (Ministry of External Affairs) boss, spokesman Raveesh Kumar wrote on Twitter: “An early morning start! Shri Vijay Gokhale, an Indian Foreign Service Officer of the 1981 batch, took over as Foreign Secretary of India today morning. He was Secretary (ER) at the Ministry before taking up his present assignment.” Jaishankar, who had replaced Sujatha Singh as Foreign Secretary under controversial circumstances in January 2015, was given a year’s extension in 2017. He was credited with a turnaround in relations with the US, including a highly successful first visit of Narendra Modi after he rode to power in 2014 following years of being treated as a ...
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No case for impeaching CJI Misra, says former SC judges 30.1.2018 National News – The Navhind Times

IANS   NEW DELHI Former Supreme Court judges and legal luminaries have taken a dim view of CPI-M General Secretary Sitaram Yechury’s move to initiate impeachment proceedings for removing Chief Justice of India Dipak Misra on the issues raised by four senior judges in their now famous “Friday press conference” on January 12. They say ...

The post No case for impeaching CJI Misra, says former SC judges appeared first on The Navhind Times.

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Economic Survey pegs GDP growth at 7-7.5% in 2018-19 30.1.2018 National News – The Navhind Times

IANS NEW DELHI Analysing all facets of development and reform, India’s Economic Survey for 2017-18 has pegged the country’s growth at 6.75 per cent for the current fiscal and 7 to 7.5 per cent for 2018-19 while cautioning that increase in crude oil prices in international market may dampen the spirit. “A series of major ...

The post Economic Survey pegs GDP growth at 7-7.5% in 2018-19 appeared first on The Navhind Times.

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$4.5 trillion needed for infra by 2040 30.1.2018 The Tribune

New Delhi, January 29

To ensure high and sustainable growth, there has been a substantial step up of investment in infrastructure, mostly on transportation, energy, communication, housing and sanitation and urban infrastructure sector.

Enhanced investment on infrastructure sector will certainly help in creating jobs, both directly and indirectly, the Economic Survey said.

As pointed out in the survey, India is far ahead of many emerging economies in terms of providing qualitative transportation.

However, the Global Infrastructure Outlook reflects that rising income levels and economic prosperity is likely to further drive demand for infrastructure investment in India over the next 25 years.

Around $4.5 trillion worth of investment is required till 2040 to develop infrastructure. The current trend shows India may only get $3.9 trillion. The cumulative investment gap would be around $526 billion by 2040, the survey said. — TNS

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Pink survey tabled in Parliament; asks Indians to confront son preference 30.1.2018
New Delhi: The pink-coloured Economic Survey tabled in Parliament on Monday recommended that India must confront the societal preference for a son, observing the adverse sex ratio of females to males had led to 63 million "missing" women. The colour of this year"s survey cover was chosen as a symbol of support for the growing movement to end violence against women, that spans continents. Laying special emphasis on gender development, the survey, tabled by finance minister Arun Jaitley, cautioned that on several indicators, notably employment, use of reversible contraception, and a preference for sons, India has some distance to traverse despite its economic progress. The percentage of working women has declined over time from 36 per cent employed in 2005-06 to 24 per cent of women employed in 2015-16, the survey noted. It acknowledges that the government's "Beti Bachao, Beti Padhao" and "Sukanya Samridhi Yojana" schemes, and mandatory maternity leave rules ...
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New house launches touch 5-year bottom 30.1.2018 The Tribune
Tribune News Service New Delhi, January 29 The real estate sector has decelerated in the last three years from 7.5 per cent in 2013-14 to 6.6 per cent in 2014-15 and further to 4.4 per cent in 2015-16. The sector hit rock bottom, falling to a five-year low in 2017-18, and a change in market sentiment to attract more foreign direct investment (FDI) would be required for a revival of the beleaguered sector, the Economic Survey has pointed out. The share of real estate sector, which includes ownership of dwellings, accounted for 7.7 per cent in India’s overall GVA in 2015-16. While residential real estate market saw sales of only 58,000 units in the first half of 2017, new home sales fell to a five-year low of about 1,01,850 units during this period. The sales during the first half declined by over 38 per cent when compared with the same period a year earlier, while unit launches fell by over 56 per cent during the same period, the survey said. Residential launches across top 14 cities in India during H1 ...
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Economic Survey 2018: GDP to grow 7-7.5% in 2018-19; oil prices big concern 30.1.2018
New Delhi: The Economic Survey 2017-18 on Monday forecast economic growth to accelerate in 2018-19 to touch up to 7.5 percent "reinstating India as the world"s fastest growing major economy". This pick-up in the growth will be led by buoyancy in exports as global economy accelerates and there is a rebound in the private investment at the domestic front. "A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 per cent this fiscal (year) and will rise to 7.0 to 7.5 per cent in 2018-19, thereby reinstating India as the world"s fastest growing major economy," said the survey tabled in Parliament by finance minister Arun Jaitley. The survey said that Central Statistics Office erred by pegging India"s growth at a four-year low of 6.5 per cent in 2017-18 (CSO data is used as the main input while compiling various financial targets in Union Budget). "This estimate has not fully factored in the latest developments in the ...
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Turning pink in attempt to abort son preference 30.1.2018 The Tribune
New Delhi, January 29 The pink-coloured Economic Survey document today recommended that India must confront the societal metapreference for a son, observing that the adverse sex ratio of females to males has led to 63 million “missing” women. The colour of this year’s survey cover was chosen as a symbol of support for the growing movement to end violence against women, which spans continents. Laying special emphasis on gender development, the survey cautioned that on several indicators, notably employment, use of reversible contraception and son preference, India has some distance to traverse despite the country’s economic progress. The survey states that just as India has committed to moving up the ranks in ‘Ease of Doing Business’ indicators, a similar commitment should be endeavoured on the gender front. The percentage of working women has declined over time from 36 per cent being employed in 2005-06 to 24 per cent of women employed in 2015-16, pointed out the survey. It acknowledges that the ...
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Teen shot dead, friend injured in Neb Sarai 30.1.2018 Delhi – The Indian Express
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DU fake degree racket: Accused didn’t know each other, kept in touch via WhatsApp 30.1.2018 Delhi – The Indian Express
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DU graduate among 3 held in fake degree racket: Police 30.1.2018 Delhi – The Indian Express
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Woman’s body found in bed box, police look for husband 30.1.2018 Delhi – The Indian Express
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