Archive

April 30th, 2015

Swadeshi Jan-Sansad Handbill

April 16th

Centre removes remaining 20 vital items from exclusive MSME manufacturing list

Fireworks, safety matches, bread, wood and steel furniture and agarbattis are among the 20 items that will no longer be exclusively produced by micro, small and medium enterprises (MSMEs).

The government on Monday (March 13,) removed the remaining 20 items from the original list of over 800 items reserved for exclusive production by the MSME sector, thus bringing to an end a policy regime being followed since the 1960s to promote and facilitate the small sector, considered a big employment generator.

April 8th

PM Modi launches Mudra bank for small firms


Prime Minister Narendra Modi launched a bank with a corpus of Rs 20,000 crore to extend credit of up to Rs 10 lakh to small businesses. (Photo: PIB/Twitter)

US to Deploy Unmanned 'Ghost Ships' to Track Submarines

Called the Anti-Submarine Warfare Continuous Trail Unmanned Vessel (ACTUV), the ships will detect and track diesel-powered subs, trailing from an observable distance, reports the Sputnik.

Set to drift in the high seas, the robotic Sea Hunter will silently follow potentially hostile submarines.

The Defense Advanced Research Projects Agency (DARPA) has been developing an unmanned, 132-foot patrol boat for years. The ACTUV ships will detect and track diesel-powered subs, trailing from an observable distance like that awkward cousin at the family BBQ.

First of Scorpene Submarines-Kalvari ‘Undocked’

Kalvari, first of the Indian Navy’s Scorpene class stealth submarines being built under the Project 75, under collaboration with M/s DCNS, France, achieved a major milestone today with her ‘undocking’ at the Mazagon Dock Limited (MDL).

The event was witnessed by the Defence Minister Shri Manohar Parrikar, the Chief Minister of Maharashtra Shri Devendra Fadnavis and the Chief of the Naval Staff Admiral RK Dhowan amongst other dignitaries present at the landmark occasion.

Indian power firms want ban on Chinese equipment

Power transmission infrastructure in the country's 18 major cities could be potentially hacked leading to national security threats and major disruption of power if the concerns of a prominent trade body are to be believed.

April 7th

RSS-affiliate upset over Land Ordinance - Swadeshi Jan Sansad on GM Food Crops, Land Acquisition Ordinance & Other Economic Policies

New Delhi, Apr 6 (PTI): RSS-affiliate Swadeshi Jagran Manch (SJM) is unhappy with the government over its Land Acquisition Ordinance and some economic policies and has decided to stage a protest outside Parliament on May 5.

A meeting of the SJM's Executive saw members expressing "anguish" and "unhappiness" over government going ahead with economic policies and some of the measures without keeping in mind the interests of farmers and other affected classes, including landless labourers, sources said.

April 2nd

Foreign Trade Policy 2015-2020 Unveiled

Two New Schemes – “Merchandise Exports From India Scheme” And “Services Exports From India Scheme” Introduced

March 17th

Bad loans a major concern for many banks


Loans worth Rs 55,000cr may turn bad by March 31

Banks have identified 74 large projects that have either turned into non-performing assets or where promoters have delayed paying the instalments, putting at stake the future of loans worth close to Rs 55,000 crore that have been disbursed.

SBI aims to cut bad debt with huge online property auction

The State Bank of India will hold a record online auction to sell repossessed flats, warehouses and offices worth a total of nearly $200 million as the state lender seeks to chip away at its $10 billion mountain of bad debt.

SBI's auction will be the biggest nationwide online sale to date and is a rare public move to turn distressed loans into ready cash.

It comes weeks ahead of rule changes that will force banks to take on much larger provisions for such loans, with what were previously labelled as restructured debts being reclassified in accounts as bad debt.