Govt approves Capital Goods Policy, aims 21-mn new jobsNew Delhi: Union Cabinet today approved the firstever policy for the country's capital goods sector envisaging creation of over 21 million new jobs by 2025.
The objectives of the National Capital Goods Policy are
to create an ecosystem for a globally competitive capital
goods sector to achieve total production in excess of Rs 7.5
lakh crore by 2025 from the current Rs 2.3 lakh crore,
according to a government spokesperson.
"Cabinet has given its approval for National Capital
Goods Policy. Production to go up from Rs 2,30,000 crore in
201415 to Rs 7,50,000 crore in 2025, jobs from 8.4 million to
30 million," the spokesperson said in a tweet.
The policy aims to increase direct domestic employment
from the current 1.4 million to at least 5 million and
indirect employment from the current 7 million to 25 million
by 2025, thus providing additional employment to over 21
It also envisages increasing the share of domestic
production in India's capital goods demand from 60 per cent to
80 per cent by 2025 and in the process improve domestic
capacity utilisation to 8090 per cent.
"To increase exports from current 27 per cent to 40 per
cent of production, share of domestic production in India's
demand from 60 per cent to 80 per cent," he added.
The policy envisions increasing the share of capital
goods in total manufacturing activity from 12 per cent at
present to 20 per cent by 2025.
"Capital goods manufacturing if it happens in India along
with the manufacturing that is going to happen downstream, the
entire economy gets fillip," Union Railways Minister Suresh
The policy is envisaged to unlock the potential of this
promising sector and establish India as a global manufacturing
powerhouse, said the document unveiled earlier this year.
To create an ecosystem for globally competitive capital
goods sector, the policy recommends devising a longterm,
stable and rationalised tax and duty structure.
It also advocates adoption of a uniform Goods and
Services Tax (GST) regime ensuring effective GST rate across
all capital goods subsectors competitive with import duty
after setoff with a view to ensure a levelplaying field.
J&K Assembly session begins on stormy noteSrinagar: The Budget session of Jammu and Kashmir Assembly began on a stormy note today with Opposition National Conference and Congress disrupting the Governor's customary Address and staging a walkout while protesting against AFSPA, "shortage of ration" and some other issues.
The government criticised the opposition parties for such
a behaviour, saying they should have first listened to the
Governor's Address and then made their point in a democratic
As soon as Governor N N Vohra rose to address the joint
sitting of Legislative Assembly and Legislative Council,
National Conference members started shouting slogans demanding
revocation of the controversial Armed Forces Special Powers
Act (AFSPA) imposed in the state.
They also demanded "adequate" supply of foodgrains to the
people of the state and dismissal of Forest Minister Lal Singh
for allegedly making threatening remarks against Gujjars in
Jammu region last week.
The NC members shouted slogans like 'AFSPA ko wapas karo'
(revoke AFSPA), 'Bhashan nahi ration chahiyay' (we do not need
speeches, give ration) and 'Lal Singh ko barkhast karo'
(dismiss Lal Singh).
The Congress members also were on their feet, alleging
that the PDPBJP coalition government has failed on issues
like implementation of National Food Security Act and
regularisation of daily wage workers in various government
As the Governor refused to pay heed to the protests and
continued his address, members of both the opposition parties
later walked out.
However, Independent MLA from Langate Sheikh Abdul
Rashid, who had joined the opposition protest, remained in the
House and continued to shout slogans during Vohra's speech.
Rashid, carrying a banner, wanted to know the fate of the
magisterial inquiry into the killing of five youth in clashes
between protestors and security forces in Handwara following
alleged molestation of a girl last month.
"We want to know what happened to the inquiry into
Handwara killings," Rashid said.
As Vohra was reading out various schemes and welfare
measures to be implemented by the state government, Rashid
said, "You (Governor) do not represent us. You are a nonState
subject. We are supposed to have an elected SadreRiyasat
(president of the state)...you represent Delhi."
The controversial MLA also told the Governor that he was
"made to lie" by the government. "Not even one per cent of
what you have been made to say is true," he alleged.
The Legislative Assembly will now meet tomorrow for
taking up obituary references while discussion on Motion of
Thanks to the Governor's address will take place on Friday and
Commenting on the ruckus, Education Minister Naeem Akhtar
said it would have been better if the opposition had first
heard the Governor's address.
"It is very welcome that the opposition is trying to
raise issues that they think are of public interest. But it
would have been better if they had heard the address of the
Governor and then made their point. That would have been more
democratic," Akhtar told reporters.
On the alleged antiMuslim remarks made by Lal Singh,
Akhtar said the minister has denied the remarks.
"Lal Singh has contradicted it and said he never made
those remarks. And he has also very significantly said that
even if this avoidable controversy has caused some hurt, he
apologises for that. It should rest at that," he added.
About the strike called by separatists tomorrow, Akhtar
said such a thing was not happening for the first time.
"We have been living with this. We hope the people, who
are the ultimate arbiters, see through this that certain
people want to rake up issues that don't exist, just perhaps
to subvert the feeling of the positivity that has come back to
Kashmir. Some economic activity has revived, tourism is seeing
a boom. I think some people don't like that," he said.
Wait listed train tickets brought from counters can be cancelled onlineNew Delhi: Now confirmed, waitlisted and reservation against cancellation (RAC) train ticket holders can cancel their tickets online or by dialling 139.
Earlier only confirmed ticket holders could cancel their
tickets through 139 service and IRCTC website. Now the
facility can be used for cancellation of RAC and waitlisted
Online cancellation through 139 will be permitted only
four hours before the scheduled departure of the train in case
of confirmed tickets and upto half an hour before the
scheduled departure of the train in case of RAC and
While booking tickets was a problem, cancelling those
booked tickets and getting refunds were more problematic. So
now cancellation of tickets has been made easy through
introduction of this facility, Railway Minister Suresh Prabhu
said here today after launching 139 service for RAC and
Besides the option of cancellation of tickets at the
counter is also available for passengers.
Prabhu said the facility was promised in the Rail Budget
and railways was committed to fulfil it.
The refund amount can be collected from the station where
the journey commenced or nearby notified satellite Passenger
Reservation System location.
The facility will be available on the mobile number
which was given at the time of booking.