Page 7 - Government Of India

Govt appoints Sat Pal Bhanoo as Managing Director of Life Insurance Corp

He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April

India saw significant decline in multidimensional poverty in 5 years: NITI

Uttar Pradesh recorded the steepest decline in the number of poor with 34.3 million people escaping multidimensional poverty, according to the report

EV makers face legal action over wrongful FAME II incentive claims

An official was quoted as saying that the companies that claimed incentives wrongfully under FAME II would have to pay them back first

Govt procures 20% more onion at 300k tonnes for buffer stock this year

The government has procured 20 per cent more onion at 3 lakh tonnes as buffer stock this year, while also piloting irradiation of onion with Bhabha Atomic Research Centre (BARC) to increase shelf life, Consumer Affairs Secretary Rohit Kumar Singh said on Sunday. In the 2022-23 fiscal, the government had maintained 2.51 lakh tonnes of onion as buffer stock. The buffer stock is maintained under the Price Stabilisation Fund (PSF) to meet any exigencies, if rates go up significantly during the lean supply season. "To meet any eventuality in the festival season, the government this year developed a robust buffer to an extent of 3 lakh tonnes. There is no problem with onions," Singh told PTI. Onion that is procured for the buffer stock is from the just completed rabi season. Presently, the kharif onion sowing is underway and its arrival begins in October. The Secretary said, "Usually, onion prices in the retail markets come under pressure for 20 days or so till the fresh kharif crop hit

Govt reduces rate of tomato to Rs 80/kg with immediate effect in Delhi-NCR

The Centre will sell tomatoes at Rs 80 per kg from Sunday, as against Rs 90 per kg earlier, to provide relief to people from high prices of the key kitchen item in retail markets. On Friday, the Centre started to sell tomatoes at a discounted rate of Rs 90 per kg in Delhi-NCR through mobile vans. More cities were added on Saturday. "There has been a decrease in the wholesale prices of tomatoes due to the intervention of the government to sell it at a concessional rate of Rs 90 per kg, at several locations in the country where the prices were ruling exceptionally high," an official statement said. "After a re-assessment of the situation from across 500 plus points in the country, it has been decided to sell it at Rs 80 per kg from today Sunday July 16th, 2023," it added.

Govt to reply on pleas challenging law on places of worship till Oct 31

The Supreme Court on Tuesday granted time till October 31 to the Centre to file its response to a batch of pleas challenging certain provisions of a 1991 law that prohibits filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. A bench comprising Chief Justice D Y Chandrachud and justices P S Narasimha and Manoj Misra took note of the submissions of Solicitor General Tushar Mehta, appearing for the Centre, that the government is seized of it and a comprehensive reply will be filed. Taking note of the submissions of the top law officer, the bench granted time till October 31 to the Centre to file its reply to the petitions. The Centre is taking adjournment after adjournment. Please list it (the plea) for final hearing, BJP leader Subramanian Swamy said. The Union of India is asking for an adjournment. Let them file a counter affidavit. Let us see the affidavit of the Centre, the bench said. The top court also mad

Govt allows ED to share data with GSTN, move to help recovery of GST

The government has amended provisions of the money laundering Act to allow enforcement directorate (ED) to share information with GST Network. The move would help recovery of Goods and Services Tax (GST) evaded through money laundering. GSTN handles the technology backbone of the indirect tax regime and is the repository of all GST-related information, including return, tax filing and other compliances. As per the amendment to the provisions of Prevention of Money Laundering Act (PMLA), 2002, GSTN has been included in the list of entities with which ED will share information. AMRG & Associates Senior Partner Rajat Mohan said notifying GSTN under PMLA would enable a legal framework under which high-value tax offenders can be traced, apprehended made liable to pay due taxes. GSTN can pass on relevant information on probable tax offenders to jurisdictional officers so as to initiate proceeding under GST law for scrutiny, adjudication and recovery of taxes, Mohan added. Nangia ...

The PLI scheme is beginning to make India a manufacturing powerhouse

However, the industry must remember that the PLI scheme is for five years only, and it must use these five years to make Indian manufacturing globally competitive

Govt employing influencers: Death knell for professional news media?

The development will likely hasten the decline of the legacy media while providing a viable revenue model to hitherto economically unstable social media news and entertainment purveyors

Govt authorises sale of 27th tranche of electoral bonds from Monday

The decision comes ahead of assembly elections of Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, and Mizoram

Govt prepares new multibillion-dollar battery subsidy scheme: Report

The draft proposal for a production-linked incentive subsidy scheme would offer Rs 21,600 crore ($2.63 billion) from this year through to 2030 for companies

3 Reasons Why Your PAN-Aadhaar Linking Might Fail, Check Details Here

By paying a fine of 1,000 rupees, you can do PAN-Aadhaar linking by June 30, 2023. The income tax department alerts of demographic mismatch while linking

Govt starts process to fund state refiners' green goals via equity: Reports

The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues

Top headlines: Govt to get Rs 63K cr dividend, Go First may resume ops

Business Standard brings you the top headlines at this hour

Media asked to take precautions while deploying personnel to cover cyclone

The information and broadcasting ministry asked media organisations, including television channels, on Thursday to take "abundant precaution" while deploying their personnel to cover Cyclone Biparjoy to ensure their safety. As on Thursday morning, Cyclone Biparjoy was less than 200 kilometres from the Gujarat coast and its impending landfall in the evening, along with the anticipated heavy rain and storm surge, has led to the evacuation of 74,000 people living in vulnerable areas. In an advisory, the ministry said media personnel, especially of satellite television channels, will be engaged in the ground reporting of the cyclone and other related incidents. "Given the possible impact of the cyclone, reporting from the ground level may pose serious risks of safety and security of the reporters and the cameramen and other personnel deployed by the private satellite TV channels for reporting this incident," it said. The government, the advisory said, is "deeply concerned" that such ..

Responsibility of govt servants to increase people's faith in system: PM

Prime Minister Narendra Modi on Sunday said that it is the responsibility of all government servants to increase faith of people in the system

270 mn loans to women under MUDRA; here's all you need to know about scheme

The MUDRA loans are given by commercial banks, regional rural banks, small finance banks, microfinance institutions, and non-banking financial institutions

Govt receives Rs 20,97,368 crore tax revenue in FY23, reveals data

Out of the total revenue, Rs 2,097,368 crore is tax revenue (net to Centre), Rs 286,151 crore is non-tax revenue, and Rs 72,187 crore is Non-Debt Capital Receipt

DCW summons cop after identity of survivor revealed, WFI chief under probe

The women wrestlers had approached the Supreme Court and two FIRs were registered on April 28, one under the Protection of Children from Sexual Offences (POCSO) Act

India gets its new Parliament building, amid prayers, grand celebrations

The foundation stone of the new building was laid by PM Modi on December 10, 2020, and is a part of the Central Vista Project