UPA

We are giving too much time and importance to Pak: Rahul

Rahul GandhiCongress general secretary, Rahul Gandhi on Tuesday said internal matters of Pakistan do affect India, but "we are giving too much time and importance to Pakistan in our minds."

"To my mind, Pakistan deserves not half the importance we are giving it," he said at a press conference in Shimla.

Rahul is on a one-day trip to Himachal Pradesh to impress upon youth and energies party cadres in the state.

Rahul said he had a fundamentally different view on Pakistan. "There is no comparison between India and Pakistan, " he said.

Government to thoroughly examine tax code

Government to thoroughly examine tax code

Government is not in hurry to implement new tax regime and it will thoroughly examine the tax structure and its impacts before introducing it in 2011.

The statement was made by Union Finance Minister Pranab Mukherjee while discussing the matter with a group of industry representatives. He said that provisions of capital gains tax on NRIs, double taxation avoidance agreements, taxation of foreign firms and charitable organizations would be scrutinized to address all grievances.

PM says limited scope for continuing stimulus

PM says limited scope for continuing stimulusLeaders of the 20 richest and most influential countries pledged to continue the stimulus for financially troubled economy. However, the Indian Prime Minister Dr. Manmohan Singh, himself an economist of international repute, said that there is a limited scope for accelerating stimulus, given factors such as RBI's monetary policy and widening fiscal deficit.

CBSE set to start grading system, scrapping Class X Boards

HRD Minister Kapil SibalAll schools affiliated to the Central Board of Secondary Education (CBSE) are all set to introduce the proposed grading system from 2010, under educational reforms initiated by Human Resource Development Ministry. The board today dispersed a circular to all concerned schools, stating the introduction of grading system and the scrapping of Class X board exam.

Home Minister says multi-purpose identity cards to be issued to all Indians by 2010-11

P ChidambaramReiterating the government's commitment to work for the development of the country and the people, Union Home Minister P Chidambaram, said on Monday that by 2010-2111, all the Indian citizens will be issued the unique multi-purpose national identity cards.

Saying that the project will be implemented by a Unique Identification Authority of India (UIDAI), headed by Nandan Nilekani, the Minister told reporters that the first phase of the plan would be executed during the current fiscal, with the cards to be issued to nearly 1.2 crore people living in almost 3,331 coastal villages and cities.

Government to continue its support to the industry

Pranab-MukherjeeFinance Minister Pranab Mukherjee said that government is doing its best to arrest food inflation and is also encouraging imports of essential commodities such as sugar, edible oil and pulses.

Mr. Mukherjee informed that all state governments have been asked to strengthen public distribution system to protect the poor from adverse impact of rising prices.

Government has been keeping an eye on the global economic scenario and would continue to support industry till recovery of Europe and the US markets.

Nilekani shifts to Karnataka Bhavan

Nandan NilekaniNandan Nilekani, chairman of the Unique Identification Database Authority of India (UIDAI), has moved to Karnataka Bhavan in New Delhi as a consequence of UPA’s attempt to cut down government expenses.

The founder and former chief of Infosys, Nandan Nilekani, who is currently holding a cabinet rank, had been staying in a 5 star hotel since his appointment as the Chairman of the UIDAI. He was among those politicians who were requested to move from their 5-stars suits and find some more economical accommodation.

‘Austerity drive may be extended to MPs after an all party meet’

‘Austerity drive may be extended to MPs after an all party meet’New Delhi, Sep. 16 : The UPA Government’s austerity drive is expected to be extended to all Members of Parliament (MPs) following an all party meeting, according to sources.

Vice President Hamid Ansari will call an all-party meeting to decide on the issue once Lok Sabha Speaker Meira Kumar’s returns from Rome, inside sources said.

Union Cabinet ministers falling in line with government’s “austerity drive”

Pranab-MukherjeeDespite their initial reluctance to submit to the Finance Ministry's so-called "austerity drive", the Union Cabinet ministers are gradually showing their readiness to fall in line with the government's cost-cutting campaign, which includes ministerial-expenditure-related guidelines.

Sowa Rigpa, ancient Tibetan medicine gets official status

Sowa Rigpa, ancient Tibetan medicine gets official statusSowa Rigpa or commonly knows as ‘Amchi’ ancient system of Tibetan medicine will soon be given legal status by the central government.  

Since ancient times this system has been used to cure people in Sikkim, Jammu & Kashmir, Ladakh, Arunachal Pradesh and other Himalayan belt of the population.

The Indian Medicine Central Council (Amendment) Bill, 2009 for amending the Indian Medicine Central Council Act, 1970 was approved by Union government.  

DCGI gets sole authority to issue WHO compliance certificates

WHOThe government has made it mandatory for domestic pharmaceutical companies to get prior approval of central drug regulator Drug Controller General of India (DCGI) from next month to export medicines.

The DCGI will issue Pharmaceutical Product (Copp) and good manufacturing practice (GMP) certificates from October 1 as underlined by World Health Organization. The move, though, will streamline the regulatory process for pharmaceutical sales overseas by discouraging multiple certifying authorities in one country but it may add delay in the process on account of over burden.

India to invest up to $10 billion in IMF Notes: Mukherjee

India to invest up to $10 billion in IMF Notes: MukherjeeOnce dependent over International Monetary Fund for its needs, India will now play a major role to provide resources to IMF. The country has announced to invest up to $10 billion in IMF which would be further lent to the needy nations.

Finance Minister, Mr. Pranab Mukherjee said that the move will not impact resources of the Indian government. The country will invest the funds from its reserves in Notes issued by the IMF.

Petroleum Minister for new EGoM on gas allocation

Petroleum Minister for new EGoM on gas allocationThe Union Home Ministry led by Mr. Murli Deora, in contrast to its earlier stand, has been working out to revive empowered group of ministers (EGoM) for redrawing controversial gas allocation policy.

The ministerial group, chaired by Finance Minister Pranab Mukherjee, will decide on the allocation of 4.73 mmscmd of gas from the Reliance Industries Ltd (RIL)-operated KG-D6 fields to five power plants.

Export sops to cost government Rs 2,200 crore

Export sops to cost government Rs 2,200 croreThe recently-announced Foreign Trade Policy (FTP) is expected to put additional burden of around Rs 2,200 crore on the state exchequer, given the various concessions and financial measures extended to the exporters.

Central Board of Excise and Customs (CBEC) Chairman V Sridhar said: "Our analysis (of FTP's implications on indirect taxes) is Rs 2,200 crore for (this financial year)." The government has extended export subsidies and sops worth Rs 44,417 crore in 2008-09, excluding drawback payments sanctioned by the finance ministry.

UPA Government is ready to Import Sugar

Upset due to increasing prices of sugar, Mr. Pranab-Mukherjee, Finance Minister declared that the government is ready to import raw sugar to undertake the scarceness.

Mr. Mukherjee seemed quite touched with the aspects of a full blown drought. A day after raising the red flag of a 20% fall in food grain output, he states that if needed, the government will import raw sugar to manage an impending deficit and keep prices in control.

PM launches new IIST campus

Prime Minister Dr. Manmohan Singh, Prime Minister Dr. Manmohan Singh, through a tele-link from his official residence in Delhi, inaugurated new campus of Indian Institute of Space Science and Technology (IIST) at Valiamala at the southern end of the country. The function, organized simultaneously in Delhi and Valiamala, was attended by three cabinet ministers, four Kerala Ministers, top scientists from ISRO and leader of opposition in the state.

Labour Minister launches ID cards under ESIC project

Mallikarjun M KhargeUnion Labour and Employment Minister Mallikarjun M Kharge today released 25 'pehchan' (identity) cards, designed by technology giant Wipro Technology, to the beneficiaries of the Employee State Insurance Corporation (ESIC), a statutory corporation under the Union Ministry of Labour and Employment.

ESIC's Project Panchdeep, worth Rs 1182 crore, containing five components including Pehchan, Milap, Pashan, Dhanwantri and Pragati was awarded to Wipro Infotech in March this year, in a bid to provide smooth and efficient, technology-supported services to the stakeholders.

Government set to release second installment of arrears

Union Government is workingGovernment employees have a reason to smile as the Union Government is working to release salary arrears by the middle of next month, putting additional burden of about Rs 17,500 crore on the government exchequer. However, there is no confirmation regarding date of release of salaries under second installment, in the memorandum issued by Union Finance Ministry on Monday.

Sibal for uniform course material

The Union Human Resource Development Minister Kapil Sibal The Union Human Resource Development Minister Kapil Sibal advocated the need to introduce core curriculum for mathematics and science in all school boards for drawing a common entrance exam for admission to the professional courses.

Mr. Sibal, addressing a two-day annual conference of Council of Boards of School Education in India (COBSE), said that there should be uniformity in the course content for mathematics and science for making students capable to compete any competitive exam both for job and admission seeking.

Government inflicts stock limit on mass sugar consumers

sugarThe government, on Monday stopped mass consumers of sugar from preserving more than 15 days of stocks with them for the next 6 months. This limitation on stock would be relevant to those consumers who consume one tonne or more sugar in a month.

This act will bear upon confectioneries, large biscuit and beverage making units.

The central government observes that some mass consumers are taking sugar as a raw material and are stocking sugar in expectancy of further rise in costs of sugar in the market. This affects the genuine consumers to get adequate sugar and raises the price in market.




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