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Here are the highlights for Day 49 of Modi government

  • In his first interaction with the BRICS leaders, Modi's focus will be on the establishment of BRICS bank wherein each country will have the equal share holding.
  • It seems that the BJP knows how to turn things into its favour. The row over Telecom Regulatory Authority amendment Bill ended today when Trinamool Congress and BSP talked in favour of the government and the Congress was left alone. Hence the Bill will not face trouble in the Rajya Sabha now.
  • After removing the governors appointed by the UPA government, the newly-formed government today appointed the governors for five states of Uttar Pradesh, Chhattisgarh, West Bengal, Gujarat and Nagaland. Ram Naik is appointed as the governor of Uttar Pradesh, Balramji Dass Tandon of Chhattisgarh, Keshari Nath Tripathi of West Bengal, Om Prakash Kohli of Gujarat and Padmanabha Balakrishna Acharya of Nagaland.
  • The fiscal policies of the Modi government will help in the economic expansion of the country. According to the Bloomberg survey, the expansion will rebound to 5.4% in 2015.
  • The long delayed National Intelligence Grid (Natgrid) will now be resumed under Modi government. It was being constructed to track terrorist activities but could not even complete the first phase. Home minister Rajnath Singh has ordered to resume work on it.
  • The decision over the controversial tax law GAAR (General Anti-Avoidance Rules) is yet to be taken by the government. It was proposed that GAAR will be imposed for those who claim tax benefit of over Rs 3 crore.
  • In a move to generate job opportunities for the youth, the government has decided to convert employment exchanges into career centres.
  • An extra penalty of $579 million was imposed on Reliance Industries today by Oil Minister Dharmendra Pradhan. The reason for imposing penalty was less production of natural gas from its KG-D6 block.
  • Addressing a seminar conducted by BJP's Non-Conventional Energy Cell, Road Transport Minister Nitin Gadkari said that the government will bring changes in the law that will enable bio-fuel run cars to move on Indian roads.
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Last Updated on July 14, 2014, 5:11 pm