Monday, September 25, 2017
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CEA gets 1-yr extension till Oct 2018: Jaitley
NEW DELHI, Sep 23 (Agencies): The government will extend the term of Chief Economic Adviser Arvind Subramanian by one year till October 2018, Finance Minister Arun Jaitley said today. Subramanian, a Senior Fellow at the Peterson Institute for International Economics, was appointed India's Chief Economic Adviser (CEA) in October 2014. His term was for three years, which was to end on October 16. Interacting with reporters today, Jaitley said Subramanian will get one year extension. The BJP-led NDA government's 5-year term ends in May 2019. The CEA is usually the main go-to person for advice for the finance minister on macro-economic matters, and primary responsibilities, among others, include authoring the mid-year analysis and the Economic Survey. Subramanian's predecessor was Raghu...
Kashmir Times News Report
Demonetisation was not required at all: Manmohan Singh
NEW DELHI, Sep 23 (Agencies): Former Prime Minister Manmohan Singh on Friday said the economy is on a "downhill path" because of the "adventure" of demonetisation undertaken last year which was not required at all, either technically or economically. Singh, a renowned economist considered to be the architect of the reforms of early 1990s, said demonetisation has not been successful in any civilised country, except some of the Latin American nation. "I don't think demonetization was at all required... I don't think it was technically, economically necessary to launch this adventure," he said at the Indian School of Business (ISB) Leadership Summit here when asked if the note ban decision was the right one. Prime Minister Narendra Modi had announced on November 8 last year scrapping of R...
Kashmir Times News Report
Benami property secret informers to get reward of 1 crore
NEW DELHI, Sep 22 (Agencies): The Centre is planning to give out cash rewards to the tune of Rs one crore to secret informers who provide tip offs to investigative agencies in connection with Benami Properties. The initiative is likely to be announced by next month. A senior Central Board of Direct Taxes (CBDT) official who is part of the policy making said on condition of anonymity, "An informer will get minimum Rs 15 lakh and maximum Rs 1 crore. According to the official, the information will have to be acute and identity of the informer will be kept secret. The department will never disclose the identity as this could endanger the informer. The Benami Property Law introduced last year lacked this provision. It is a common practice by the Enforcement Directorate, the Income Tax depar...
Kashmir Times News Report
CAT dismisses plea challenging Dr Vaid’s appointment as DGP
JAMMU, Sep 21 (JNF): The Bench of Central Administrative Tribunal Comprising (CAT) Justice M S Sullar and P Gopinath Ullar dismissed petition filed by SK Mishra presently posted as DG Prisons challenging the appointment of Dr SP Vaid as Director General of Police (DGP). While dismissing the petition, CAT Bench observed that since SK Mishra is senior in the cadre and Dr SP Vaid DGP J&K is junior to him, restraining from exercising any administrative control or power over the applicant, in any manner. In the application filed by SK Mishra challenging the impugned order dated February 23, 2017, whereby his representation dated January 4, 2017, claiming appointment to the post of DGP, Head of Police Force of State of J&K, was rejected by Competent Authority. The matrix of the facts and ...
Kashmir Times News Report
Modi inaugurates world's second-biggest dam 'Sardar Sarovar', dedicates it to nation
NEW DELHI, Sep 17 (Agencies): Prime Minister Narendra Modi inaugurated the Sardar Sarovar Dam in Kevadia, Gujarat on the occasion of his 67th birthday on Sunday. The inauguration was attended by Chief Minister Vijay Rupani, Bharatiya Janata Party President Amit Shah, Union Minister Nitin Gadkari and several other religious and spiritual heads of the state. The foundation stone of the dam was laid on April 5, 1961, by the country's first prime minister Jawaharlal Lal Nehru. However, it took 56 years to complete its construction. An official release said the increase in the dam height will facilitate a usable storage of 4.73 Million Acre Feet (MAF) and will greatly benefit the participating states of Gujarat, Rajasthan, Madhya Pradesh and Maharashtra. It said that the project has helpe...
Kashmir Times News Report
Railways cuts down sleeping hours for passengers by an hour
NEW DELHI, Sep 17 (Agencies): The Railways is trying to put an end to those tiresome quarrels that break out due to oversleeping passengers on the middle and lower berths by reducing official sleeping hours. According to a circular issued by the railway board, the passengers in the reserved coaches can only sleep between 10 pm and 6 am to allow others to sit on the seats for the rest of the time. Until the circular was issued, the existing permissible time for sleeping was between 9 pm and 6 am. "Sleeping accommodation between 2200 hours and 0600 hours and sitting accommodation for the rest of the period is provided for the passengers in the reserved coaches having sleeping accommodation," said the circular, dated August 31. The circular, however, makes an exception for certain passen...
Kashmir Times News Report

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