Coastal Regulation Zone(CRZ) Notification 2018, which will lead to better life due to enhanced activities in coastal regions thereby promoting economic growth while respecting conservation principles of coastal regions, has been approved by the Union Cabinet chaired by Prime Minister Narendra Modi on 28 December 2018.CRZ notification was last reviewed and issued in 2011 with periodic amendments ...
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Category: Economy
New Back Series Data Show Economy Never Hit High-Growth
India’s GDP never really grew in double-digits in 2010-11nor crossed over into a high-growth phase of above 9% in the last decade or more - as earlier thought to be, as per new Back series data from 2005-06 to 2011-12, the new base year data computed by the Central Statistics Office (CSO) and released by the Niti Aayog on Wednesday 26 November 2018. The method of computation ref...
Highlights of Interim Budget 2019-20
Interim Budget 2019-20, viewed as a medium for a progressive path for the country, with major schemes for farmers and informal sector workers, and income tax sops, was presented by Piyush Goyal Union Minister for Finance, Corporate Affairs, Railways & Coal, in parliament on Friday 1 February 2019, who in the Opening Remarks of his Budget speech asserted that,
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Integrated Government Online Training Programme Launched
iGOT, Integrated Government Online Training Programme, which will augment the existing training mechanism with online module-based training coupled with certification and make training inputs available to government servants on site and on flexitime basis, was launched by the Union Minister of State (Independent Charge), Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Gri...
Bankers ask RBI Governor Shaktikanta Das to ease PCA Norms
Prompt Corrective Action (PCA) is triggered when banks breach certain regulatory requirements like capital, asset quality (tracked in terms of the net Non-Performing Assets ratio) and profitability, and Reserve Bank of India (RBI) has on 11out of the 21 state-owned banks imposed PCA, which imposes lending and other restrictions on weak banks. These are Allah...
Fourth NITI Aayog- DRC Dialogue
Global Economy, Globalisation and Macro-Economic Policies in China and India; Innovation and Economic Transformation, and Potential for Sino-India Trade and Economic Cooperation were deliberated upon by senior delegates from China and India administration, representatives of government, academia and enterprises at the 4th Dialogue of the NITI Aayog - Development Research Cent...
President’s Nod for Ordinance to Amend Companies Act
Companies Amendment (Ordinance) 2018 which has the twin objectives of promotion of ease of doing business along with better corporate compliance and is based on the recommendations of the Committee appointed by the Government to review offences under the Companies Act 2013, has been promulgated with President Ramnath Kovind giving his assent on Friday 2 November 2018 to the recommendation of the...
India Postal Payments Bank to Facilitate Financial Inclusion
India Postal Payments Bank (IPPB), a major initiative towards financial inclusion, a big outreach to provide ‘door-step banking’ to the poor through an unmatched network of over 1.5 lakh post offices and almost 3 lakh postmen and ‘Grameen Dak Sewaks’ who are connected to the people of the country, was launched by Prime Minister, Narendra Modi on Saturday September 1, 2018 at Talkatora Stadium an...
Smartgram Initiative to Transform Villages into Happy, Harmonious & Hi-Tech Places
President's Estate was declared a Smart Township when an Intelligent Operations Centre (IOC) was inaugurated in Rashtrapati Bhavan on May 19, 2016 by the then President Pranab Mukherjee. He had then directed that the Rashtrapati Bhavan Smart Township model should be replicated in five selected villages in adjoining districts in NCR to convert th...
India’s Growth will be driven by the Spirit of: “Anything is possible! Everything is achievable”
"We are future-proofing India in every way, enabling New India to take off," as India’s 125 crore people have knocked at the world scene and today nation is passing through a period of transformation, asserted Prime Minister Narendra Modi, while addressing Y4D New India Conclave at Vigyan Bhawan in New Delhi on July 16, 2018. Gone are the days when India was considered to be amo...