Defence Ministry approves 1st phase of reforms in Indian Army: Arun Jaitley
Sep 01, 2017, 12:34
DB Shekatkar had given 99 recommendations to the central government in its report on December 2016, out of which the Union Ministry of Defence has chose to implement 65 suggestions, according to a statement issued by the high-powered Cabinet Committee on Security (CCS).
The reform, aimed at altering the "tooth to tail" ratio, would be implemented by 2019, said Defence Minister Arun Jaitley while addressing the press today. "The quantum of cash into the system must come down", he said.
Foreign Direct Investments (FDI): "Global economy is picking up faster than expected", Jaitley said.
Even GST collection has surpassed the estimates, he stated. "The fact that money got deposited in banks doesn't make it legitimate money".
The finance minister further said that finally the government's massive currency culling exercise was able to increase the revenue of Centre and states', which will increase the government's ability to spend, especially on development projects increases.
"People with inadequate understanding of how to tackle black money linked note ban with money returned to system", said Jaitley, adding "deposits in banks don't legitimise" black money.
Critics, however, said the residual impact of demonetization was continuing to impact growth.
The demonetisation of the old Rs 500 and Rs 1000 currency notes which was announced suddenly in November 2016 resulted in a severe cash crunch, causing chaos through the nation. More than 9.27 lakh responses were received giving information on 13.33 lakh accounts involving cash deposits of around Rs.2.89 lakh crore.
- The Operation Clean money has since moved into the next phase that includes enforcement actions in high risk cases, taxpayer engagement through a dedicated website in medium risk cases and close monitoring in low risk cases.
The Income Tax Department conducted searches on various entities, leading to seizure of cash and admission of undisclosed income.
According to data released on Thursday, India's GDP growth rate slipped to 5.7 per cent in April-June quarter in 2017.
The Indian economy had grown by 7.1 per cent in 2016-2017. The investigation is going on, the statement said. The government, he said, has already put in Rs 70,000 crore in banks as capital over a four year period and is "open" to putting in more money.
Around 163 companies which were listed on the exchange platforms were suspended from trading, pending submission of proof documents.
Coalition officials say they are not bound by the evacuation agreement and may strike the evacuees themselves. Information for this article was contributed by Bassem Mroue and Josh Lederman of The Associated Press .
Shakib had ended Australian opener Matthew Renshaw's watchful innings in the over before lunch to give Bangladesh the upper hand. Discussing the challenges posed by a pitch offering plenty of turn, Agar added: "It's going to get harder and harder to bat on".
Early on Tuesday, the Japanese government reported the launch of a North Korean missile that flew above northeast Japan. He followed that Wednesday morning by tweeting that he's ready to give up on diplomatic efforts to control the country.
Deputy Marcus McLellan says city's 911 system has been inundated with calls, which are bouncing to other law enforcement agencies. Roth predicted that the rain would begin to taper off in the area at around sunrise as the center of Harvey shifts position.
But Barela said some were still reluctant to impress upon the president the trade agreement's importance to the state's economy. And he said USA courts would ultimately conclude that the president can't rip up NAFTA without congressional support.
Nadal came through 7-6 6-2 6-2 but will be looking for a faster start against Daniel. "Tough beginning of the match", he said. The throne at US Open is empty, and we are sure that many participants are going to give their best now in order to reach it.
History suggests Stafford's deal has essentially killed any chance Detroit has of winning a Super Bowl over the next five years. When Stafford was drafted in 2009 he and the Lions agreed to a 6 year $72 million dollar deal with $47.1 million guaranteed.
It added that India has always maintained that differences on boundary issues can only be resolved through diplomatic channels. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping will meet after weeks of acrimony and charged rhetoric.
This is not the first arena that Scotiabank has bought the naming rights to, with the Calgary Flames' arena being named the Scotiabank Saddledome.
Best Buy sorry for overpriced bottled water in Houston
She said the company is severing ties with the Robstown location, describing the actions as "egregious and unethical". Greg Abbott told the public and the media that, in Texas, "price gouging is not only reprehensible, it's illegal ".
Venezuela's FM Blames US, Opposition for Economic Woes
The US National Security Adviser (NSA) has said that no military action plan was now being considered for Venezuela . Any economic sanctions , however mild, increase the risk of a default on Venezuela's ballooning debt.