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Najeeb Jung offers 300-cr loan to 2 MCDs to end stir
NEW DELHI, Feb 5 (Agencies): Lt Governor Najeeb Jung today offered Rs 300 crore loan to two cash-strapped civic bodies here to bring an end to the strike by nearly 90,000 municipal employees which entered its 10th day crippling multiple services. Jung's office said money will be given to the East and North Delhi municipal corporations as loan from Delhi Development Authority. On Wednesday, the Delhi government had announced a financial assistance of Rs 693 crore to the civic bodies out of which Rs 551 crore was loan. After the announcement, Jung appealed to the strikers to call off their agitation in the interest of the city. The striking municipal employees had refused to end the strike after the Delhi government's announcement, saying they want "permanent solution" to their problems....
Kashmir Times News Report
Petrol prices ease by four paise, Diesel down by three
New Delhi, Feb 01(Agencies) :Petrol price was today slashed by a marginal 4 paise a litre and diesel by 3 paise a litre as the government raised excise duty to deny consumers full benefit of falling international oil prices. Now petrol in Delhi would be available for Rs 59.95 per litre as against Rs 59.99 earlier. For diesel, one has to shell out Rs 44.68 for a litre as compared to Rs 44.71 previously, according to Indian Oil Corp (IOC). The reduction should have been Rs 1.04 per litre in petrol and Rs 1.53 in diesel because of a USD 4 per barrel fall in international rates in the last fortnight. But the government on the eve of the due price revision on Sunday raised excise duty on petrol by Re 1 per litre and that on diesel by Rs 1.50. The third increase in excise duty in a month wil...
Kashmir Times News Report
Subsidies meant for needy, not wealthy: Jaitley
NEW DELHI, Jan 30 (Agencies): Finance Minister Arun Jaitley today said the government per se is not against subsidies, but maintained that these are meant for the needy and not the wealthy, remarks that come a day after Prime Minister Narendra Modi spoke of rationalising and targeting of such benefits. He also indicated that his upcoming Budget will not resort to "sheer populism" for good ratings, but will focus on structural reforms. He hoped that the Congress will "see reason" and help pass the Goods and Services Tax (GST) Bill. "Prime Minister had a valid point and the valid point is at the end of the day, the government per se is not against the concept of subsidies," he said while speaking at The Economic Times Global Business Summit here. With 25 per cent of the people below pove...
Kashmir Times News Report
Budget Session likely from Feb 23
NEW DELHI, Jan 30 (Agencies): The Budget session of Parliament is likely to begin on February 23 as the Cabinet Committee on Parliamentary Affairs headed by Home Minister Rajnath Singh meets here on February 4 to finalise the broad schedule. The main focus of the session will be the transaction of the General and Railway budgets but the government is also keen to get passed a number of key reforms measures including the contentious GST and Real Estate Bills. Sources said that the session is likely to begin on February 23. Usually, the budget session begins in the third week of February and concludes early May. There is a recess in between when the budgetary demands for grants are discussed in the committees. The General Budget is expected to be presented in the Lok Sabha on Feb 29, the...
Kashmir Times News Report

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