The Hindu- Headlines for today
Union Finance Minister Arun Jaitley on Thursday, November 8, 2018, said demonetisation resulted in formalisation of economy and increased tax base, prompting the government to earmark more resources for the poor and infrastructure development.
Union Minister of State for Law P.P. Chaudhary has said on record that he is in favour of the construction of the temple. “Since the matter is pending before the court, it should, in my view, be expedited or resolved amicably between the parties, and if that fails, then the question of an ordinance should be explored.”
There are no mandatory pension benefits in the final version of the Centre’s model construction workers’ welfare scheme despite earlier suggestions that 20% of the construction cess fund be set aside for retired workers.
This waiver will bring some measure of relief to India, which had been discussing a sanctions exemption for Chabahar having signed an agreement with Iran and Afghanistan in May 2016 for the port’s development. India has committed $500 million to the project and $2 billion to build a railway line from Chabahar to Hajigaj in Afghanistan.
The U.S. administration’s decision to grant India and seven other countries waivers on the sanctions it re-imposed on Iran provides some temporary relief to India. While the details of the waivers are yet to be released, the Trump administration has agreed to waive sanctions on the purchase of oil from Iran for about six months, which would help the Modi government tide over until the general elections, without any major oil price shocks. The waivers announced cover Indian investment in Iran’s Chabahar port and the plan to build a railway line from Chabahar to Afghanistan to facilitate trade.
The Democratic Party made a comeback in Tuesday’s midterm electionsafter spending two years in the political darkness, when it seized control of the House of Representatives. Yet, predictions of a “blue wave”, as a backlash to the racially charged, polarising campaign led by President Donald Trump, failed to materialise. The Democrats secured control of the 435-member lower chamber of Congress, flipping at least 26 seats from their Republican incumbents. This outcome, which will likely give the Trump administration pause for thought on the policy agenda for the remainder of its tenure, ends one-party rule in Washington. Yet, Mr. Trump hailed the results as a “tremendous success”,
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