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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Panel finds fault with AAP ads, orders reimbursement
A panel appointed by the Information and Broadcasting Ministry on Saturday ordered the Delhi government to "reimburse to the state exchequer" the entire amount that the Aam Aadmi Party had spent on its advertisements.
 
The committee on content regulation of government advertisements charged the AAP government in the national capital of violating Supreme Court guidelines.
 
Its order said: "The Committee directs the Government of NCT of Delhi to get the entire expenditure so incurred on ... category .. reimbursed to the state exchequer from the Aam Aadmi Party." 
 
It was also critical of the advertisements carried out by AAP outside Delhi.
 
The panel said if some Chief Ministers thought they were "special" and their policies were vital to the entire nation, then such political parties should bear the expenditure of such publicity and not the concerned government, an official here said.
 
The three-member committee, was headed by former Chief Election Commissioner B. B. Tandon, and included Ogilvy and Mather India's Piyush Pandey and journalist Rajat Sharma of India TV. 
 
The panel passed the order taking cognizance of complaints registered by Congress leader Ajay Maken.
 
It found there had been violations in categories like outstation advertisements, false and misleading ones, and on self-glorification. AAP had also targeted political opponents, media, and even mentioned parties in power by name.
 
It further added that the AAP government should not have issued advertisements on incidents occurring in other states.
 
As per the Supreme Court order of May 13, 2015, advertisements by state governments should not be "outside its boundaries", but it should be for attracting investment, business and talent to the state. 
 
The apex court had also clarified that such advertisements should be designed accordingly for the purpose, and released for specific target group, the panel said. 
 
The committee, however, rejected another complaint of the former Congress minister on advertisements celebrating anniversaries of parties in power, as the guidelines permits them.
 
It also directed that the AAP government should assess all expenditure made on advertorials -- advertisement in the form of editorial content -- mentioning AAP, along with those in which Chief Minister Arvind Kejriwal had tried to target the opposition.
 
The Information and Broadcasting ministry had in April constituted the content regulation committee. 
 
The panel members were chosen by a selection committee headed by Chairman of Press Council of India Justice Chandramauli Kumar Prasad (retd).
 
The apex court had in its May 2015 order laid down criteria as per which government advertisements could only carry pictures of certain dignitaries like the President, Prime Minister and the Chief Justice of India. 
 
Later the court had issued a modified order, allowing Union Ministers, Chief Ministers, Governors and State Ministers to appear in government advertisements.
 
The two-year panel could also recommend corrective actions to the government.
 
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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