Nation
Amitabh Kant for fewer laws regime for growth of business
There is a need to dismantle a lot of rules and regulations to uplift business in India, Niti Aayog CEO Amitabh Kant has said.
 
Addressing a chief secretaries' conclave, aimed at giving a push to ease of doing business, Kant said here on Saturday that paperwork has made it difficult to do business in the country.
 
"We need to dismantle a lot of rules and regulation in order to uplift business," he said.
 
States must learn and compete with one another to develop, as growth alone will help in eliminating poverty, social inequality and other problems, Kant said, and added that states need to push for innovation and make India a country of 'job creators' rather than 'job seekers'.
 
Contending that India has made good progress in the World Bank rankings in terms of ease of doing business, Cabinet Secretary Pradeep Kumar Sinha said that introduction of the Goods and Services Tax (GST) is going to be a game changer.
 
He, however, added that implementing GST across the country is going to be a challenge for the government.
 
Sinha underlined that a lot has been done to reduce cost and documentation in the area of international trade.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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'Mormugao' - second Visakhapatnam Class destroyer launched
The Mazagaon Dock Shipbuilders Ltd (MDL)'s second Visakhapatnam Class-destroyer, with more than 60 per cent indigenization and increased stealth power, was launched ahead of its schedule here on Saturday, officials said.
 
The Guided Missile Destroyer ship of Project 15B was launched by chief guest Reena Lanba, wife of Admiral Sunil Lanba, the Chief of Naval Staff. The momentous event was attended by a large number of naval officers, sailors and MDL staff and workers.
 
Loud cheers and thunderous claps marked the launch as the warship smoothly slid into the Arabian Sea waters for the first time.
 
Named 'Mormugao', the hull of the 7,300-tonne, 163.2 metres long guided missile destroyer, which was constructed on dry area, floated on water for the first time - which is a milestone event for any vessel.
 
The Project 15B missile destroyers are modern warships equipped with the latest weapons package, in continuation of the lineage of the highly successful Delhi and Kolkata Class ships.
 
Under the Project 15B, MDL will build a total of four destroyers, the first of which was Visakhapatnam, launched on April 20, 2015, followed by Mormugao. Other deliveries are scheduled between 2020-2024, said an official.
 
The warships can achieve a maximum speed of 31-32 knots and are equipped with surface-to-surface missiles, surface-to-air missiles, anti-submarine launchers, multi mission radar for surveillance along with medium range air/surface surveillance radar and other advanced electronic warfare and decoys.
 
Fitted also with the Barak-8 long-range missiles, Mormugao has been named after the picturesque port in Goa, the home state of Defence Minister Manohar Parrikar.
 
After Visakhapatnam and Mormugao, the next in the queue is 'Paradip' followed by another warship expected to be named after a coastal city of Gujarat.
 
Since 2010, MDL has delivered one major warship to the Indian Navy almost every year, starting with the high-end stealth frigate, INS Shivalik, and later INS Satpura and INS Sahyadri in the same class.
 
Then came the stealth destroyer INS Kolkata sporting a unique silhouette, followed by INS Kochi.
 
The third and last destroyer in that series, Chennai, was delivered in August this year and will be commissioned shortly.
 
During the same period two highly sophisticated MSVs were constructed and delivered to foreign clients as high value export orders.
 
MDL is also building six Scorpene Class submarines under transfer of technology from France's DCNS. The first in this class, Kalvari, is due for commissioning shortly, followed by a second launch later this year.
 
Detailed design of the futuristic stealth frigates, P17A, is currently in progress and work on it is expected to start early 2017.
 
This will be the first time MDL will use the integrated construction methodology by leveraging the new infrastructure created in the yard, marking a paradigm shift in the way warships will be built in India in the future.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Hillary in Trump lane: Baskets of bluff, bluster & baloney! (Washington Diary)
Hillary Clinton thought she would borrow a leaf from Donald Trump's book. Instead, she reached for a dictionary of insults and flung "half" of her presidential rival's supporters in a "basket of deplorables".
 
"Right? The racist, sexist, homophobic, xenophobic, Islamophobic -- you name it," charged the Democrat at a New York fundraiser kindling a firestorm.
 
Then as the controversy blew in her face, Clinton "regretted" saying "half" in a "grossly generalistic" way, yet doubled down on the insinuation as her surrogates joined the chorus.
 
She had viciously attacked millions of hard working Americans by putting them in baskets as if they were "objects and not human beings", a "deeply shocked and alarmed" Trump charged coming down on her like a tonne of bricks.
 
"Was it her 47 percent moment?" wondered the pundits, recalling 2012 Republican nominee Mitt Romney's costly comments that 47 percent of the people dependent upon government will vote for rival Barack Obama "no matter what".
 
Trump called it far worse than that as an "overheated" Clinton left a 9/11 ceremony at ground zero early and wobbled and helped by three secret service guys stumbled into her van -- and another controversy over her health.
 
Less than two hours later she emerged unaided from her daughter Chelsea's New York apartment and waved to the waiting media saying "I'm feeling great" and hugged a "conveniently" waiting little girl in what critics called a staged event.
 
As she went off the campaign trail to recover from a bout of "walking pneumonia", hubby Bill inadvertently stirred more controversy saying Hillary had fainted "frequently -- well not frequently, rarely -- but on more than one occasion, over the last many, many years".
 
More than her repeated bouts of cough -- that she jokingly attributed to her allergy for Trump -- Clinton's failed efforts to "power through" her illness fanned renewed feelings of distrust and suspicion about the former secretary of state.
 
"Antibiotics can take care of pneumonia," said David Axelrod, the chief strategist for Obama's presidential campaigns. But "what's the cure for an unhealthy penchant for privacy that repeatedly creates unnecessary problems?" he asked on twitter.
 
Trump, who has previously raised questions about Clinton's health and stamina, atypically wished her well and instead acting very 'presidential' reached out to African Americans and women and the jobless.
 
He finally conceded that Obama was born in America, went to a black church in Flint, Michigan, unveiled a "child care tax" plan and promised four percent growth with his prescription to shore up the economy.
 
Then as Clinton returned to the campaign trail, Colin Powell, a former Republican secretary of state, went ballistic over "Hillary's mafia" trying to pin on him the blame for her never-ending email scandal.
 
"Everything HRC touches, she kind of screws up with Hubris," said an angry Powell in a leaked email to a friend. "For good reason she comes across as sleazy," added the first and only black former defence chief in another email.
 
He did not spare Trump either. Calling him a "national disgrace" and an "international pariah", the general wrote to CNN's Fareed Zakaria in December 2015 that "you guys are playing his game, you are his oxygen".
 
Meanwhile, with health concerns taking centre stage, both candidates released selective medical information about themselves.
 
Fast food-loving Trump did so with elan on reality TV "The Dr, Oz Show", admitting he was overweight at 236 pounds and would like to lose at least 15 pounds.
 
Clinton's doctor too proclaimed her healthy "other than a sinus and ear infection and her recently diagnosed pneumonia" -- leaving aside a history of falls and a concussion back in 2012. In sum, one was "fat", the other just "exhausted".
 
But the choice was stark, suggested Maureen Dowd, author of "The Year of Voting Dangerously".
 
Trapped between two candidates with the highest recorded unfavourables, voters "were veering between anxiety over Trump and depression over Hillary," said the New York Times columnist.
 
Meanwhile, with Trump catching up and even winning Ohio, "the mother of all swing states", by 5 points in a new poll, Democrats worried if Hillary Clinton would fall through the enthusiasm gap between the two parties.
 
But Alan M. Dershowitz, a Harvard law professor and a Clinton supporter, offered bipartisan help with his new book, "Electile Dysfunction: A Guide for the Unaroused Voter".
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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