BJP manifesto highlights: Rs 25-trn agri push, pension for small traders

Election News

The Bharatiya Janata Party (BJP) on Monday released its poll manifesto for the Lok Sabha elections 2019. BJP president Amit Shah highlighted the government's achievements while Home Minister Rajnath Singh read out the key promises in the manifesto. He also headed the committee that drafted it.
Here are the key takeaways of the BJP's manifesto for Lok Sabha elections 2019:

•   Agri loans available on credit cards up to Rs 1 lakh at zero per cent rate of interest
• Collateral-free credit up to Rs 50 lakh for entrepreneurs
• Promotion of Startups through creation of a ‘Seed Startup Fund’ of Rs 20,000 crore.
• 10 per cent material procurement for the government by MSMEs having at least 50 per cent women in their workforce
• Micro, small and medium enterprises to given Rs 1 trillion worth of credit by 2024.
• A pucca house to every family who are either living in a kuchha house or have no access to housing by 2022.
• Expand Ayushman Bharat to include all Anganwadi workers and ASHA workers
• ‘Jal Jivan Mission’ to be launched to ensure piped water supply to every household in India by 2024...Read More

Govt warning: Twitter execs may get 7 years in jail if it doesn't comply

Economy & Policy:

Top Twitter executives could not only face financial penalties but also face upto seven years in jail if they fail to remove content and accounts that are 'objectionable and inflammatory," Times of India reported quoting an unnamed official from the ministry of information technology.

Twitter has been asked to comply with the provisions under the Indian IT Act or else it would face action under Section 69A of the IT Act which gives the government power to seek the blocking of content or accounts that carry information seen as detrimental to the sovereignty and integrity of the country, or has potential to create public disorder.

The warning from the IT ministry comes just as the micro-blogging site faced the heat from a parliamentary standing committee over perceived biases in blocking accounts ahead of elections.
As India heads for national elections, social media giants like Facebook and Twitter have been asked to not undermine or influence the political process. In fact earlier this week, Twitter went live with its 'Ads Transparency Centre' for India, that would allow people to view details of political advertisements in the country, including advertiser spends and impressions data.

A parliamentary panel last month asked micro-blogging site Twitter to engage more with the Election Commission of India (ECI) ahead of general elections and address issues on a "real-time" basis.
The Twitter officials were told that there should not be any "international interference" in the Lok Sabha polls.


 Twitter had last month announced that it would provide details including advertising spends and impressions data of tweets from political entities to users in India, as it sought to bring in greater transparency on its platform by tightening norms for political advertisements...Read More

Inadequate tariff revision in FY20 a concern for discoms, says Icra

Economy & Policy:

Inadequate revision of rates alongwith delay in filing tariff petitions are likely to remain an area of concern in the financial year 2020 for distribution companies (Discoms), says a report.
Discoms have already managed to bring down its losses and debt levels significantly under the UDAY scheme.

According to the rating agency Icra, state distribution utilities in 17 of the 29 states have filed tariff petitions for FY20, reflecting less-than-satisfactory progress.

"The delay in filling of tariff petitions by the Discoms is a deviation from terms of the UDAY scheme, wherein they were required to file the plans in a timely manner so that the State Electricity Regulatory Commissions (SERCs) would issue the tariffs orders by March end," Icra said.
It further noted that tariff hikes proposed and approved for the past 2-3 years have remained lower than what was agreed under the UDAY, leading to persistent gap between average tariff and average cost of supply, though reducing from earlier years.

As per statistics, the median tariff hike for the Discoms at all India level has reduced from 8 percent for FY15 to 4 percent for FY16 and FY17 and further to 3 percent and one percent for FY18 and FY19, respectively.


 "We expect the tariff hike to remain subdued for FY20 as well, given the limited or no tariffs hikes proposed by most of the discoms and in view of the upcoming Lok Sabha elections. This is likely to slow down the process of financial loss reduction which was initiated by the UDAY measure," Icra senior vice president Sabyasachi Majumdar said.