Courtesy: Shri R B Kishore
NEWS in MEDIA : 2 January, 2016
Dear all,
PAN
‘New PAN norms will not hurt financial products demand’
The Finance Ministry’s latest norms on mandatory quoting of permanent account number (PAN) will not adversely impact demand for financial products such as mutual funds, time deposits, shares, bonds and debentures, say tax experts and financial sector observers.The new norms, aimed at widening the tax base and curbing generation of domestic black money, stipulate varying thresholds beyond which any purchase of financial products and instruments would require mandatory furnishing of PAN.
http://www.thehindubusinessline.com/todays-paper/tp-news/new-pan-norms-will-not-hurt-financial-products-demand/article8055803.ece
ECONOMY
Economy doing well despite droughts: CEA
Chief Economic Advisor Arvind Subramanian on Thursday said the commentary on the Mid-Year Economic Analysis 2015-16 has only focussed on the challenges while missing out on key successes of the government.“Improvement in quality of spending toward capital and agriculture; fiscal consolidation at central and state levels; improvement in indirect tax efficiency; despite declining global demand and four droughts, fastest growing economy,” he tweeted as four major achievements of the government.
http://www.thehindubusinessline.com/todays-paper/tp-news/economy-doing-well-despite-droughts-cea/article8055798.ece
PRE-BUDGET
Jaitley to hold pre-Budget parleys from Monday
Finance Minister Arun Jaitley will start the New Year with pre-Budget consultations from Monday.Jaitley, along with senior Finance Ministry officials, will meet with agriculturists and trade union leaders on January 4 as they begin preparing the Union Budget 2016-17.“The Minister of State for Finance Jayant Sinha along with the Finance Secretary and other Secretaries of the Ministry of Finance will also participate in the meeting,” said an official release.
http://www.thehindubusinessline.com/todays-paper/tp-news/jaitley-to-hold-prebudget-parleys-from-monday/article8055800.ece
FinMin extends deadline for feedback
The Finance Ministry has extended the deadline for comments on the draft guiding principles for determination of Place of Effective Management by one week to January 9. The comments were earlier expected to be submitted by January 2.
http://www.thehindubusinessline.com/todays-paper/tp-news/finmin-extends-deadline-for-feedback/article8055799.ece
CLIMATE CHANGE
India begins work on accessing $100-b climate fund
The Centre has begun work on identifying climate change-related projects to access the $100-billion Green Climate Fund (GCF) created by developed countries as part of their commitment to help poorer countries reach their climate action goals.The National Bank for Agriculture and Rural Development (Nabard), which has been appointed the National Implementing Entity (NIE), is in talks with States and ministries for identification and appraisal of green projects to see if they meet the requirements of the fund, an official from the Ministry of Environment, Forests and Climate Change, told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-news/india-begins-work-on-accessing-100b-climate-fund/article8055794.ece
EXPORTS
Engineering exports in doldrums: EEPC chief
Hit by the global economic slowdown and sharp depreciation of currency in competing countries, engineering exports from India has suffered its worst phase in recent years.Out of India’s top 25 engineering export destinations, shipments to 20 countries have fallen in the first eight months of this fiscal. Incidentally, these top 25 countries accounted for 73 per cent of total exports between April and November.
http://www.thehindubusinessline.com/todays-paper/tp-news/engineering-exports-in-doldrums-eepc-chief/article8055790.ece
COAL
Singareni Collieries output increases 23% to 43 mt
Singareni Collieries Company Ltd has achieved a record production of 43.24 million tonnes of coal during the first nine months ended December 2015, up 23 per cent over 35.2 mt achieved in the corresponding period in the last financial year.The State-owned mining company registered 13 per cent higher output during December 2015 at 5.7 mt against target of 5.09 mt.
http://www.thehindubusinessline.com/todays-paper/tp-news/singareni-collieries-output-increases-23-to-43-mt/article8055791.ece
AGRICULTURE
US gives India time till June to remove import curbs on poultry
India has got time till June to remove import restrictions on poultry from the US as Washington has agreed to give it a year to implement the World Trade Organisation’s (WTO) ruling against the ban.Local poultry farmers, who fear a sharp dip in business once cheap chicken legs from the US hit the Indian market, have time till June 16, 2016 to brace for the imports, a Commerce Ministry official told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-agri-biz-and-commodity/us-gives-india-time-till-june-to-remove-import-curbs-on-poultry/article8055760.ece
BANKING
SBI to focus on digital branches: Arundhati Bhattacharya
State Bank of India has decided to scale down the pace of opening new brick and mortar branches in the country. It will open more digital branches. In the current fiscal, it will open only 500 branches against the original target of 1,000. In comparison, the pace of opening digital branches will gather speed.At the inauguration of the bank’s InTouch (digital) branch, Chairman Arundhati Bhattacharya told media persons on Friday that 250 such branches have been planned till March 31.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/sbi-to-focus-on-digital-branches-arundhati-bhattacharya/article8055758.ece
‘Short-term money likely to become cheaper under new base rate regime’
With the Reserve Bank of India telling banks to price all rupee loans with reference to the Marginal Cost of Funds-based Lending Rate (MCLR) with effect from April 1, 2016, companies can hope to get short-term loans (of less than one-year duration) at competitive ratesvis-à-vis commercial paper. Currently, base rate is the floor rate below which banks cannot lend. However, they can invest in commercial paper (short-term money market instruments) issued by large rated corporates even if the interest rate is below their base rate.So, a large universe of companies, which cannot approach the CP market due to rating constraints, have no choice but to go for short-term borrowings at base rate (plus a spread).
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/shortterm-money-likely-to-become-cheaper-under-new-base-rate-regime/article8055754.ece
Centre raises Rs. 14,000 cr via sale of G-Secs
The Centre raised Rs. 14,000 crore on Friday as part of its borrowing programme.This was done through the sale of four long-dated papers — 7.35 per cent 2024 government security ( Rs.2,000 crore), 7.88 per cent 2030 G-Sec ( Rs. 6,000 crore), 8.24 per cent 2033 G-Sec ( Rs. 3,000 crore), and 8.13 per cent 2045 G-Sec ( Rs. 3,000 crore).A primary dealer said that the cut-off yields were on expected lines.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/centre-raises-rs-14000-cr-via-sale-of-gsecs/article8055757.ece
Bank staff may strike work on January 8
The All-India Bank Employees’ Association (AIBEA) has given a call to its members to strike work on January 8. This is pursuant to the failure of the talks held before the Chief Labour Commissioner (CLC) in New Delhi on Wednesday.AIBEA General Secretary CH Venkatachalam alleged that the managements of the associate banks of State Bank India are persisting with their illegal stand and rejecting the CLC’s advice to put on hold the implementation of SBI’s Career Progression Scheme (CPS) and finding an amicable solution through mutual discussion.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/bank-staff-may-strike-work-on-january-8/article8055756.ece
MARKET
Sensex begins 2016 on high note
The equity markets started the year on a marginally positive note as the benchmark Sensex and Nifty eked out small gains even as the small and mid cap stocks continued with their winning streak.After opening the day on a weak note, the Sensex closed the day at 26,160.90, gaining 43.36 points or 0.17 per cent while the BSE small and mid cap indices ended the day with a gain of 0.88 per cent and 0.92 per cent respectively.
http://www.deccanchronicle.com/160102/business-market/article/sensex-begins-2016-high-note
STATE
FKCCI, district chambers to discuss key issues
The Federation of Karnataka Chambers of Commerce & Industry (FKCCI), along with its district chambers of commerce, will hold a meeting this weekend to discuss the Karnataka government’s move to empower gram panchayats (GPs) to collect local tax, for improvement of rural infrastructure.“We will discuss a host of issues that impact our business, including the recent move by the State government empowering gram panchayats (GPs) to collect taxes in the State,” Tallam R Dwarkanath, President FKCCI told BusinessLine.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/fkcci-district-chambers-to-discuss-key-issues/article8055814.ece
Andhra Pradesh power supply revenue gap at Rs. 5,148 crore
The annual revenue requirement (ARR) proposed to be filed by APTransco with the State Electricity Regulatory Commission shows a revenue deficit of Rs. 5,148 crore.This gap would have to be met partly by government subsidy and the remaining may have to be passed on to consumers, subject to the regulator’s nod.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/andhra-pradesh-power-supply-revenue-gap-at-rs-5148-crore/article8055811.ece
Increase budget for agri, says farmers’ body
The Telangana Rythu Joint Action Committee (JAC) has asked the State government to raise budgetary allocations for agriculture and ensure that small farmers get access to finance.The JAC said the crop insurance cover must be revamped thoroughly to ensure protection to farmers in times of extreme natural events.“Access to finance must become a right for farmers, including tenant farmers. All crops must be covered under insurance schemes,” it said.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/increase-budget-for-agri-says-farmers-body/article8055831.ece
Vizag ready to host AP partnership summit
The district authorities are making all efforts to hold the AP partnership summit along with the Confederation of Indian Industry (CII) for three days here from January 10. The major event, first after the bifurcation of the State, is expected to attract over 1,000 delegates from within the country and abroad.According to G Srinivasa Rao, State HRD Minister, the Chief Minister will be here on all the three days and it is expected that MoUs for investment of over Rs. 1 lakh crore may be signed during the summit.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/vizag-ready-to-host-ap-partnership-summit/article8055817.ece
PM urges secretaries to bring about ‘breakthrough’
Prime Minister Narendra Modi has told the Secretaries of the Central government to use their expertise in various domains of governance and bring about ‘breakthroughs’, rather than incremental change.Modi interacted with Secretaries for over an hour and asked them to come up with ideas for transformative change in areas such as good governance, employment generation, education and health, farmer-centric initiatives, innovative budgeting, accelerated inclusive growth, Swachh Bharat and Ganga rejuvenation and energy efficiency.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/pm-urges-secretaries-to-bring-about-breakthrough/article8055812.ece
Non-subsidised gas cylinder prices hiked
Public sector oil marketing companies have raised the rates of non-subsidised LPG cylinders by Rs. 49.5 per cylinder. The prices are applicable from January 1.A 14.2 kg non-subsidised LPG cylinder in Delhi will now cost Rs. 657.5.The difference between subsidised and non-subsidised LPG cylinders is now Rs. 238.27 per cylinder.
http://www.thehindubusinessline.com/todays-paper/tp-news/nonsubsidised-gas-cylinder-prices-hiked/article8055796.ece
Online payment facility for LPG cylinders soon, says Pradhan
Online payment for LPG cylinders would be in place this year, Dharmendra Pradhan, Minister of State (Independent Charge) Petroleum and Natural Gas, said on Friday.“We will have to do more for the existing LPG consumers. Last year, we started Direct Benefit Transfer of LPG, online new connection booking, document verification and doorstep delivery. We have started a pilot process of online payment and it will be launched very soon,” he said.
http://www.thehindubusinessline.com/todays-paper/tp-news/online-payment-facility-for-lpg-cylinders-soon-says-pradhan/article8055797.ece
2015: Supreme Court stood up for rights of common man
If people of India have utmost faith in one institution, it is the judiciary. In the year that has gone by, the Supreme Court which is the top court in the country has lived up to its reputation in protecting freedom of speech and expression and human rights and in maintaining its independence in dispensation of justice to the litigants.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/2015-supreme-court-stood-rights-common-man
Telangana government's plantation plan set to go dry
The Telangana government’s plantation programme ‘Harita Haram’ has become a farce in the city as the Greater Hyderabad Municipal Corporation (GHMC), which was supposed to plant as many as 50 lakh saplings, avoided it last year due to several reasons.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/plantation-plan-set-go-dry
Business visa cards for SAARC
The Narendra Modi government is ready to roll out a ‘business visa card’ for Saarc nations, including Pakistan, in the new year, a move that is set to give a fillip to the bonhomie between India and the neighbouring countries.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/business-visa-cards-saarc
India to tighten rules for credit cooperatives to protect investors
India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said.This follows a Reuters investigation that revealed an expansion in fund-raising by embattled conglomerate Sahara India Pariwar using four credit cooperatives in different parts of the country.
http://www.deccanchronicle.com/160102/business-latest/article/india-tighten-rules-credit-cooperatives-protect-investors-official
Telangana to back Emaar-MGF project
The Telangana State government is moving to restore the controversial Emaar MGF project in Manikonda, which has been stuck in legal disputes for five years.The high-level committee appointed by the government to find a legal way out for this controversial project is learnt to have recommended restoring the government’s stake to the original 26 per cent from the present 6 per cent.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/telangana-back-emaar-mgf-project
PAN
‘New PAN norms will not hurt financial products demand’
The Finance Ministry’s latest norms on mandatory quoting of permanent account number (PAN) will not adversely impact demand for financial products such as mutual funds, time deposits, shares, bonds and debentures, say tax experts and financial sector observers.The new norms, aimed at widening the tax base and curbing generation of domestic black money, stipulate varying thresholds beyond which any purchase of financial products and instruments would require mandatory furnishing of PAN.
http://www.thehindubusinessline.com/todays-paper/tp-news/new-pan-norms-will-not-hurt-financial-products-demand/article8055803.ece
ECONOMY
Economy doing well despite droughts: CEA
Chief Economic Advisor Arvind Subramanian on Thursday said the commentary on the Mid-Year Economic Analysis 2015-16 has only focussed on the challenges while missing out on key successes of the government.“Improvement in quality of spending toward capital and agriculture; fiscal consolidation at central and state levels; improvement in indirect tax efficiency; despite declining global demand and four droughts, fastest growing economy,” he tweeted as four major achievements of the government.
http://www.thehindubusinessline.com/todays-paper/tp-news/economy-doing-well-despite-droughts-cea/article8055798.ece
PRE-BUDGET
Jaitley to hold pre-Budget parleys from Monday
Finance Minister Arun Jaitley will start the New Year with pre-Budget consultations from Monday.Jaitley, along with senior Finance Ministry officials, will meet with agriculturists and trade union leaders on January 4 as they begin preparing the Union Budget 2016-17.“The Minister of State for Finance Jayant Sinha along with the Finance Secretary and other Secretaries of the Ministry of Finance will also participate in the meeting,” said an official release.
http://www.thehindubusinessline.com/todays-paper/tp-news/jaitley-to-hold-prebudget-parleys-from-monday/article8055800.ece
FinMin extends deadline for feedback
The Finance Ministry has extended the deadline for comments on the draft guiding principles for determination of Place of Effective Management by one week to January 9. The comments were earlier expected to be submitted by January 2.
http://www.thehindubusinessline.com/todays-paper/tp-news/finmin-extends-deadline-for-feedback/article8055799.ece
CLIMATE CHANGE
India begins work on accessing $100-b climate fund
The Centre has begun work on identifying climate change-related projects to access the $100-billion Green Climate Fund (GCF) created by developed countries as part of their commitment to help poorer countries reach their climate action goals.The National Bank for Agriculture and Rural Development (Nabard), which has been appointed the National Implementing Entity (NIE), is in talks with States and ministries for identification and appraisal of green projects to see if they meet the requirements of the fund, an official from the Ministry of Environment, Forests and Climate Change, told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-news/india-begins-work-on-accessing-100b-climate-fund/article8055794.ece
EXPORTS
Engineering exports in doldrums: EEPC chief
Hit by the global economic slowdown and sharp depreciation of currency in competing countries, engineering exports from India has suffered its worst phase in recent years.Out of India’s top 25 engineering export destinations, shipments to 20 countries have fallen in the first eight months of this fiscal. Incidentally, these top 25 countries accounted for 73 per cent of total exports between April and November.
http://www.thehindubusinessline.com/todays-paper/tp-news/engineering-exports-in-doldrums-eepc-chief/article8055790.ece
COAL
Singareni Collieries output increases 23% to 43 mt
Singareni Collieries Company Ltd has achieved a record production of 43.24 million tonnes of coal during the first nine months ended December 2015, up 23 per cent over 35.2 mt achieved in the corresponding period in the last financial year.The State-owned mining company registered 13 per cent higher output during December 2015 at 5.7 mt against target of 5.09 mt.
http://www.thehindubusinessline.com/todays-paper/tp-news/singareni-collieries-output-increases-23-to-43-mt/article8055791.ece
AGRICULTURE
US gives India time till June to remove import curbs on poultry
India has got time till June to remove import restrictions on poultry from the US as Washington has agreed to give it a year to implement the World Trade Organisation’s (WTO) ruling against the ban.Local poultry farmers, who fear a sharp dip in business once cheap chicken legs from the US hit the Indian market, have time till June 16, 2016 to brace for the imports, a Commerce Ministry official told BusinessLine .
http://www.thehindubusinessline.com/todays-paper/tp-agri-biz-and-commodity/us-gives-india-time-till-june-to-remove-import-curbs-on-poultry/article8055760.ece
BANKING
SBI to focus on digital branches: Arundhati Bhattacharya
State Bank of India has decided to scale down the pace of opening new brick and mortar branches in the country. It will open more digital branches. In the current fiscal, it will open only 500 branches against the original target of 1,000. In comparison, the pace of opening digital branches will gather speed.At the inauguration of the bank’s InTouch (digital) branch, Chairman Arundhati Bhattacharya told media persons on Friday that 250 such branches have been planned till March 31.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/sbi-to-focus-on-digital-branches-arundhati-bhattacharya/article8055758.ece
‘Short-term money likely to become cheaper under new base rate regime’
With the Reserve Bank of India telling banks to price all rupee loans with reference to the Marginal Cost of Funds-based Lending Rate (MCLR) with effect from April 1, 2016, companies can hope to get short-term loans (of less than one-year duration) at competitive ratesvis-à-vis commercial paper. Currently, base rate is the floor rate below which banks cannot lend. However, they can invest in commercial paper (short-term money market instruments) issued by large rated corporates even if the interest rate is below their base rate.So, a large universe of companies, which cannot approach the CP market due to rating constraints, have no choice but to go for short-term borrowings at base rate (plus a spread).
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/shortterm-money-likely-to-become-cheaper-under-new-base-rate-regime/article8055754.ece
Centre raises Rs. 14,000 cr via sale of G-Secs
The Centre raised Rs. 14,000 crore on Friday as part of its borrowing programme.This was done through the sale of four long-dated papers — 7.35 per cent 2024 government security ( Rs.2,000 crore), 7.88 per cent 2030 G-Sec ( Rs. 6,000 crore), 8.24 per cent 2033 G-Sec ( Rs. 3,000 crore), and 8.13 per cent 2045 G-Sec ( Rs. 3,000 crore).A primary dealer said that the cut-off yields were on expected lines.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/centre-raises-rs-14000-cr-via-sale-of-gsecs/article8055757.ece
Bank staff may strike work on January 8
The All-India Bank Employees’ Association (AIBEA) has given a call to its members to strike work on January 8. This is pursuant to the failure of the talks held before the Chief Labour Commissioner (CLC) in New Delhi on Wednesday.AIBEA General Secretary CH Venkatachalam alleged that the managements of the associate banks of State Bank India are persisting with their illegal stand and rejecting the CLC’s advice to put on hold the implementation of SBI’s Career Progression Scheme (CPS) and finding an amicable solution through mutual discussion.
http://www.thehindubusinessline.com/todays-paper/tp-money-banking/bank-staff-may-strike-work-on-january-8/article8055756.ece
MARKET
Sensex begins 2016 on high note
The equity markets started the year on a marginally positive note as the benchmark Sensex and Nifty eked out small gains even as the small and mid cap stocks continued with their winning streak.After opening the day on a weak note, the Sensex closed the day at 26,160.90, gaining 43.36 points or 0.17 per cent while the BSE small and mid cap indices ended the day with a gain of 0.88 per cent and 0.92 per cent respectively.
http://www.deccanchronicle.com/160102/business-market/article/sensex-begins-2016-high-note
STATE
FKCCI, district chambers to discuss key issues
The Federation of Karnataka Chambers of Commerce & Industry (FKCCI), along with its district chambers of commerce, will hold a meeting this weekend to discuss the Karnataka government’s move to empower gram panchayats (GPs) to collect local tax, for improvement of rural infrastructure.“We will discuss a host of issues that impact our business, including the recent move by the State government empowering gram panchayats (GPs) to collect taxes in the State,” Tallam R Dwarkanath, President FKCCI told BusinessLine.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/fkcci-district-chambers-to-discuss-key-issues/article8055814.ece
Andhra Pradesh power supply revenue gap at Rs. 5,148 crore
The annual revenue requirement (ARR) proposed to be filed by APTransco with the State Electricity Regulatory Commission shows a revenue deficit of Rs. 5,148 crore.This gap would have to be met partly by government subsidy and the remaining may have to be passed on to consumers, subject to the regulator’s nod.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/andhra-pradesh-power-supply-revenue-gap-at-rs-5148-crore/article8055811.ece
Increase budget for agri, says farmers’ body
The Telangana Rythu Joint Action Committee (JAC) has asked the State government to raise budgetary allocations for agriculture and ensure that small farmers get access to finance.The JAC said the crop insurance cover must be revamped thoroughly to ensure protection to farmers in times of extreme natural events.“Access to finance must become a right for farmers, including tenant farmers. All crops must be covered under insurance schemes,” it said.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/increase-budget-for-agri-says-farmers-body/article8055831.ece
Vizag ready to host AP partnership summit
The district authorities are making all efforts to hold the AP partnership summit along with the Confederation of Indian Industry (CII) for three days here from January 10. The major event, first after the bifurcation of the State, is expected to attract over 1,000 delegates from within the country and abroad.According to G Srinivasa Rao, State HRD Minister, the Chief Minister will be here on all the three days and it is expected that MoUs for investment of over Rs. 1 lakh crore may be signed during the summit.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/vizag-ready-to-host-ap-partnership-summit/article8055817.ece
PM urges secretaries to bring about ‘breakthrough’
Prime Minister Narendra Modi has told the Secretaries of the Central government to use their expertise in various domains of governance and bring about ‘breakthroughs’, rather than incremental change.Modi interacted with Secretaries for over an hour and asked them to come up with ideas for transformative change in areas such as good governance, employment generation, education and health, farmer-centric initiatives, innovative budgeting, accelerated inclusive growth, Swachh Bharat and Ganga rejuvenation and energy efficiency.
http://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/pm-urges-secretaries-to-bring-about-breakthrough/article8055812.ece
Non-subsidised gas cylinder prices hiked
Public sector oil marketing companies have raised the rates of non-subsidised LPG cylinders by Rs. 49.5 per cylinder. The prices are applicable from January 1.A 14.2 kg non-subsidised LPG cylinder in Delhi will now cost Rs. 657.5.The difference between subsidised and non-subsidised LPG cylinders is now Rs. 238.27 per cylinder.
http://www.thehindubusinessline.com/todays-paper/tp-news/nonsubsidised-gas-cylinder-prices-hiked/article8055796.ece
Online payment facility for LPG cylinders soon, says Pradhan
Online payment for LPG cylinders would be in place this year, Dharmendra Pradhan, Minister of State (Independent Charge) Petroleum and Natural Gas, said on Friday.“We will have to do more for the existing LPG consumers. Last year, we started Direct Benefit Transfer of LPG, online new connection booking, document verification and doorstep delivery. We have started a pilot process of online payment and it will be launched very soon,” he said.
http://www.thehindubusinessline.com/todays-paper/tp-news/online-payment-facility-for-lpg-cylinders-soon-says-pradhan/article8055797.ece
2015: Supreme Court stood up for rights of common man
If people of India have utmost faith in one institution, it is the judiciary. In the year that has gone by, the Supreme Court which is the top court in the country has lived up to its reputation in protecting freedom of speech and expression and human rights and in maintaining its independence in dispensation of justice to the litigants.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/2015-supreme-court-stood-rights-common-man
Telangana government's plantation plan set to go dry
The Telangana government’s plantation programme ‘Harita Haram’ has become a farce in the city as the Greater Hyderabad Municipal Corporation (GHMC), which was supposed to plant as many as 50 lakh saplings, avoided it last year due to several reasons.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/plantation-plan-set-go-dry
Business visa cards for SAARC
The Narendra Modi government is ready to roll out a ‘business visa card’ for Saarc nations, including Pakistan, in the new year, a move that is set to give a fillip to the bonhomie between India and the neighbouring countries.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/business-visa-cards-saarc
India to tighten rules for credit cooperatives to protect investors
India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said.This follows a Reuters investigation that revealed an expansion in fund-raising by embattled conglomerate Sahara India Pariwar using four credit cooperatives in different parts of the country.
http://www.deccanchronicle.com/160102/business-latest/article/india-tighten-rules-credit-cooperatives-protect-investors-official
Telangana to back Emaar-MGF project
The Telangana State government is moving to restore the controversial Emaar MGF project in Manikonda, which has been stuck in legal disputes for five years.The high-level committee appointed by the government to find a legal way out for this controversial project is learnt to have recommended restoring the government’s stake to the original 26 per cent from the present 6 per cent.
http://www.deccanchronicle.com/160102/nation-current-affairs/article/telangana-back-emaar-mgf-project
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