Jewellery traders said the exemption of branded jewellery from excise duty will have a marginal effect on the traders as only few customers buy\nbranded jewellery.
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice.
The Cabinet on Wednesday approved public private partnership mode for the rollout of BharatNet project for broadband services in villages in 16 states with viability gap funding of Rs 19,041 crore, Telecom Minister Ravi Shankar Prasad said. Prasad said the decision to involve private players was taken after Prime Minister Narendra Modi announced on August 15, 2020 that around 6 lakh villages in the country will be connected with broadband in 1,000 days. "The Cabinet has in-principle approved implementation of BharatNet in 16 states in a public private partnership model with total expense of Rs 29,430 crore.
When crony capitalism flourishes, investor sentiment is bound to take a hit.
Among those attending the meeting from the government side were Defence Minister AK Anthony, Railway Minister Lalu Prasad Yadav and Science and Technology Minister Kapil Sibal. The Left parties were represented by the Communist Party of India's A B Bardhan and D Raja, and the CPI-M by Prakash Karat and Sitaram Yechuri
