The macro-economic situation has been mixed by the end of last fiscal, needing direct intervention by the next government in areas such as agriculture, employment and the banking sector, a report said on Thursday.
The Care report said the government must look internally and fill all vacancies that have been on hold. For private sector employment generation, the government needs to focus on the SME segment as well as start-ups so as to increase the opportunities.
“But we need to ensure that core manufacturing takes place and not just assembly of components,” the report said.
On agriculture the report in order to reduce reliance on monsoon for agriculture production, the impending ambitious project of inter-linking Indian rivers should be pushed as it can be a long-term solution for the agriculture-related issues.
On the banking sector, the report flagged that the sector is going through challenges of capital and asset quality. “The banks continue to be affected by the delays in the NCLT resolution process. Hence a review of the NCLT procedure with the view of speeding up the process, seems necessary.
“The IBC may need some amendments as the rate of resolution of bankrupt companies can be improved,” the report said.
The report said the government has been the main driver of capex in the last 2-3 years and the steady pace of investment should continue.
“The focus must now be on reinvigorating private investment and here it would be necessary to review the clogs that are in the way of investment,” it added.
NCB grills Rakul, Deepika’s ex-manager, Dharma honcho
Fashion designer Simone Khambatta was questioned by the Narcotics Control Bureau (NCB) for over four hours on Thursday in the drugs angle related to Bollywood actor Sushant Singh Rajput’s death case.
Khambatta’s name cropped up after her alleged drug chats came to the fore. Sushant’s former manager Shruti Modi was also being interrogated in a drug related case during the day, officials said.
Bollywood actor Rakul Preet Singh, who was also summoned for questioning on the day, skipped the NCB summons, officials said. Earlier in the day, an NCB official said that Rakul’s summons were issued on Wednesday and on Thursday morning she acknowledged them and updated her latest address also.
An NCB source said that Rakul will be joining the drug law enforcement agency probe on Friday morning.
According to NCB officials, Khambatta arrived at the NCB office here for questioning around 10.15 a.m. and left around 2.30 p.m. Khambatta was questioned about her alleged chats to procure drugs for consumption, the sources said.
Shruti Modi arrived for the third at the NCB office earlier and her questioning is ongoing, the agency sleuths said.
On Wednesday, the NCB also summoned actresses Deepika Padukone, Shradhha Kapoor, Sara Ali Khan for questioning in a drugs related case.
Deepika, who was shooting in Goa for a film, has left for Mumbai. Even Sara was spotted at the Goa Airport along with her mother Amrita Singh while returning to Mumbai earlier.
On Wednesday, besides Deepika, the NCB sent summons to her manager Karishma Prakash for questioning on Friday and Sara and Shradhha for questioning on Saturday.
The NCB registered a case under the NDPS Act on the request of the Enforcement Directorate (ED) that has been probing the money laundering charges into the June 14 death of Sushant.
The narcotics probe agency registered the case after a few alleged chats of Sushant’s girlfriend Rhea Chakraborty, her brother Showik, Sushant’s house manager Samuel Miranda discussing drugs came to the fore.
The NCB has so far questioned Rhea, Showik, Modi, Sushant’s talent manager Jaya Saha, Kwan talent management agency CEO Dhruv Chitgopekar, ‘Udta Punjab’ Producer Madhu Mantena Varma among several others.
Responding to a question on the number of cases the drugs law enforcement agency is probing, an NCB official said: “The agency has registered two separate cases under the NDPS Act. There are few aspects in both cases which warrant examination of both Sara and Shraddha, so they will be examined in both cases.”
The NCB has already arrested Rhea, Showik, Miranda, Sushant’s personal staff Dipesh Sawant and 16 others in the case so far. Rhea, Showik, Miranda and Sawant were in judicial custody. The official said while the alleged chats of Deepika with her manager Prakash discussing drugs in October 2017 brought them into the probe net, Shradhha and Sara’s role came to the fore following the questioning of Saha.
The NCB is the third federal agency to probe the death of Sushant besides the CBI and the ED.
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