UP to implement new industrial investment policy soon: Yogi Adityanath

 "The state government will solve problems pertaining to state entrepreneurs on priority. To attract investment and ensure establishment of industries a new industrial investment policy will be implemented soon", the CM said while addressing officers during presentation of Infrastructure and Industrial development department here yesterday.With a view to attract investors and establish industries in the state, Uttar Pradesh Chief Minister Yogi Adityanath has said it will soon implement new industrial investment policy."

The state government will solve problems pertaining to state entrepreneurs on priority. To attract investment and ensure establishment of industries a new industrial investment policy will be implemented soon", the CM said while addressing officers during presentation of Infrastructure and Industrial development department here yesterday"Single window system will be adopted to solve problems of investors. Land acquisition for Establishment of new industries should be done by taking farmers in confidence," he added.Emphasising on simplifying norms, the CM said rules and procedures should be simple and transparent, so that necessary clearance should be given in less time for setting up of industries.

Asking officers to work seriously on industrial development, the CM said it was necessary to "make atmosphere of investment in the state".On former Chief Minister Akhilesh Yadav's dream project Agra-Lucknow expressway, Yogi said the remaining work on this expressway should be completed by May, and work on Purvanchal Expressway should be carried forward.The CM asked officers to work on construction of airports at Agra, Jewar in Gautam Buddha Nagar, and decide on this to proceed further with the Centre.The CM also asked officers to see whether sick and closed units could again be started and made profitable. 

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Panel favours FY from January 1; govt examining recommendation

 Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.The government is examining the report of a committee which has recommended change in the financial year starting April 1, Finance Minister Arun Jaitley said today.Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.The committee is learnt to have recommended advancing the financial year and equating it with the calendar year from January Responding to supplementaries during Question Hour, he said since the move has various implications for the Centre, the states and various local bodies, it is necessary to have have wider consultations before arriving at a conclusion

Fight against corruption and black money will continue: Modi

Prime Minister Narendra Modi today said the fight against corruption and black money will continue.Prime Minister Narendra Modi today said the fight against corruption and black money will continue."Corruption and black money have destroyed the Indian democracy, eating into it like a termite. But due to your blessings, the fight against corruption and black money will continue," Modi said.During his interaction with some youths, the Prime Minister said the new generation wants to work with honesty and it is a good indication.Pointing out that it would be 75 years in 2022 since India got the Independence, Modi said if every person in the country takes a step ahead in all these five years, then the country would move at least 125 crore steps forward towards development.

Cash transactions proposed to be capped at Rs 2 lakh

Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed the cap to be Rs 3 lakh with effect from AprilThe government on Tuesday moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of Rs 3 lakh as provided in the Budget, as it introduced as many as 40 amendments to the Finance Bill in an "unprecedented move".

As the Finance Bill was taken up for consideration in the Lok Sabha, opposition parties like TMC, BJD and RSP protested against the introduction of the amendments to 40 Acts, saying it was being done in the form of "back-door entry"The amendments to the laws like Companies Act, Employees Provident Fund, Smuggling and Foreign Exchange Act, TRAI Act and Information Technology Act, have been moved with an aim of making the functioning of tribunals more efficient by merging the smaller ones and reducing their numbers from 40 to 12.

The objections by the opposition parties were overruled by Speaker Sumitra Mahajan who ruled that the 'incidental provisions' involved in the amendments constitute a 'Money Bill' and therefore can be considered as part of the FinanceBill.Among the amendments made to the Finance Bill was a provision to cap cash transaction at Rs 2 lakh.

India seeks investment from Aramco

 Abu Dhabi co in refinery, petchem projectIndia plans to set up a 60 million tonnes per annum (mtpa) coastal refinery in Maharashtra. Petroleum Minister Dharmendra Pradhan had last year said the government was keen to have foreign investment in the project.India is talking to Saudi Aramco and Abu Dhabi National Oil Company to invest here in refinery and petrochemical projects, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Thursday."We are talking to Aramco for a mega refinery project," Pradhan said when asked what kind of projects the global oil and gas majors were interested in. He was talking to reporters on the sidelines of Network18's Global Natural Resources Conclave.India plans to set up a 60 million tonnes per annum (mtpa) coastal refinery in Maharashtra. Pradhan had last year said the government was keen to have foreign investment in the project.He also said the government would soon start the second round of auction of discovered small fields.The government has so far awarded 31 'contract areas' under its 2016 auction of discovered small and marginal oil and gas fields that were surrendered 

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