Modi Government good work

Since the Western nations’ sanction on Russia, Russia has been forced to pivot towards Asia — primarily India and China. It’s an opportune time for India to bargain and lap up some stake in Russian oilfields and to increase its stake of overseas energy fields. ONGC Videsh had already acquired a 15% stake in Rosneft’s JSC Vankorneft. Now, it has increased its stake to 23.9%. A consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited (BPRL) will acquire 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from Rosneft Oil Company, the National Oil Company of Russian Federation. It will also provide an opportunity to Indian public sector Oil and Gas companies to absorb newer technologies with Rosneft and British Petroleum (BP). BP acquired 20% stake in Taas-Yuryakh from Rosneft last year. Read on: India to acquire stake in Russian oil fields, to invest US $3.2 billion - RTN.ASIA India imports 80% of its energy need...

As much as Rs 65,250 crore of Black money was declared during the four-month compliance window of the Income Declaration Scheme+ that ended on September 30, We expect tax collection of Rs 30,000 crore from the IDS declarations.” 64,275 declarations+ were made in the four-month window and this figure could go up once all the declarations filed online and manually are compiled. The money declared totals Rs 65,250 crore, of which 45 per cent would accrue to the government as tax and penalty. The government had provided illegal income and asset holders a one-time opportunity to come clean by declaring their black money+ under the four-month window and pay 45 per cent tax and penalty. Reiterating that the one-time window was not an amnesty scheme like the 1997 one, Jaitley said the tax collected in the 1997 Voluntary Disclosure of Income Scheme (VDIS) was Rs 9,760 crore with an average declaration of Rs 7 lakh. Briefing reporters on the scheme, which was available from June 1 ti...

The move is aimed at reducing red tape in the incorporation of businesses, which currently require up to 8 forms. The Narendra Modi-led BJP government marked Labour Day by making it easier to incorporate a new business. Starting today, entrepreneurs need only fill out one form to start a business, down from the eight they had to submit until now. The new form, called INC-29, will allow make compliance and reporting easier website of the Ministry of Corporate Affairs. Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will now be possible through a single form. The move is in keeping with Modi’s public avowal to improve India’s global ease of doing business ranking. The red tape that businesses faces while registering themselves, including at least 8 different forms for various permissions has been a pet peeve of entrepreneurs. Currently, even for a single-person company, the forms required include separate ...

Pro-Active Governance and Timely Implementation (pragati Portal) is turning out to be quite a help for the Modi government as it tries to speed up development schemes. PM personally involved, even state governments were complying with the deadline set for projects involving them. Every project or issue taken up at Pragati meetings comes with a deadline, which government agencies have to adhere to. Officials said that with the PM personally involved, even state governments were complying with the deadline set for projects involving them. Usually, towards the end of the month, on Wednesday afternoons, Modi focuses on the social sector and immediate challenges confronting states when he sits down in South Block and tries to remove hurdles with secretaries at the Centre and state chief secretaries through a video link There are projects such as the Nangal Dam-Talwara railway line, which has been pending since 1981-82, where the Punjab government has now been advised to speed up hand...

The government plans to seal the international border with Pakistan, spread over 2,300 km, soon. Union home minister Rajnath Singh will discuss the proposal at a closed-door meeting in Jaisalmer on Friday with home ministers of Jammu and Kashmir, Punjab, Rajasthan and Gujarat. The Centre also plans to propose installing of radars, CCTV cameras, laser fences and motion sensors to fill the gaps on the international border. The aim is to set up round-the-clock surveillance using sophisticated technology and seal India’s western border to prevent any untoward incident. The aim is to funnel the movement of goods and people from across the border to 1-2 spots and shut down the others. Source:- http://economictimes.indiatimes.com/articleshow/54684840.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Railway Minister Suresh Prabhu on Sunday flagged off India's first diesel electric multiple unit (DEMU) train service with an air-conditioned coach in Kochi. The Angamaly-Ernakulam-Tripun ithura-Piravom train service is expected to help in reducing traffic congestion in the state's fastest growing city. "It is for the first time in a DEMU service, we have provided air conditioned service. We want to increase it further", Prabhu said at a function in Ernakulam Junction. Top Railway officials said the AC coach provides reclining type comfortable cushion seats for 73 passengers similar to air-conditioned chair car of inter-city express trains. Other coaches of DEMU train are provided with bench type cushion seats and large windows with glass shutters. The train is equipped with bio-toilets and fully vestibule for free movement of passengers between coaches. Prabhu said the DEMU after the inaugural service would be withdrawn temporarily and replaced with MEMU (mai...

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Four months ago, a report landed on  Home Minister  Rajnath Singh's table from the Ghaziabad Police. Pleasantly surprised to find that the police unit had recovered 227  missing   children  within 30 days by launching a unique campaign,  'Operation Smile' , Singh decided to ask all states to emulate this campaign. The plan has worked as at least eight states have told the Ministry that they rescued over 2500 missing children in the month of January alone by emulating the  campaign  of Ghaziabad Police. ET has accessed the letter written by then Home Secretary Anil Goswami, on Singh's instructions, to the police chiefs of all states on December 12, detailing contours of the new plan. "Since the  Supreme Court  has been emphasizing upon the early recovery of all missing children, it is desirable that based on the experience gained in 'Operation Smile', all states may take up this initiative," the letter had said. It added th...