India, Mongolia sign 14 agreements
Prime Minister Narendra Modi on Sunday announced a $1 billion line of credit to Mongolia to boost the country's economic capacity and infrastructure development. “Mongolia is also an integral part of India’s Act East policy,” Modi said. A joint statement released by him and Mongolian Prime Minister Chimed Saikhanbileg said that India would “support Mongolia’s endeavour to create a business- friendly foreign-investment regime”. Officials from the two countries signed 14 agreements in various areas, including air services, cyber security and civil nuclear cooperation.

Kejriwal accuses bureaucrat of favouring power firms
Delhi Chief Minister Arvind Kejriwal on Sunday accused acting state Chief Secretary Shakuntala Gamlin of favouring private power companies such as those owned by Reliance. Kejriwal said that Gamlin had attempted to gain loans worth Rs 11,000 crore for the companies by having state Power Minister SK Jain sign a guarantee letter. He said that that Gamlin’s work would be monitored, with all files going to her office passing through the Chief Minister’s office as well. Gamlin was appointed as acting Chief Secretary by Delhi Lieutenant-Governor Najeeb Jung on Friday despite objections raised by the Aam Aadmi Party government.

Naidu criticises Rahul Gandhi over Modi foreign tour remarks
Union Parliamentary Affairs Minister M Venkaiah Naidu on Sunday criticised Congress Vice-President Rahul Gandhi for his remarks on Narendra Modi’s foreign tours, explaining that the prime minister was undertaking the trips as part of his “national duty” and was attracting foreign investments to India. Naidu said that while Modi’s schedule was in the public domain, the itinerary of “some people” ‒ a sly reference to Gandhi's recent sabbatical ‒ was “not known” to anyone. Naidu’s criticism came weeks after Gandhi asked Modi to visit farmers markets instead of embarking on foreign tours.

Will make taxation reasonable, says Jaitley
Making taxation more reasonable and improving the ease of doing business in India will be the priority of the National Democratic Alliance government during its second year in power, Union Finance Minister Arun Jaitley said on Sunday. The government would look to reduce the corporate tax rate from 30% to 25% over the course of the next four years, he said, adding that he would also remove tax exemptions for companies to offset the loss in tax. He refuted allegations that there had been no significant policy changes to revive the economy.

Ammunition shortfall filled by 50%, says Parrikar
Union Defence Minister Manohar Parrikar on Sunday said that the shortfall in ammunition reserves for the Army had been filled by 50%, adding that the overall resupply would be completed within one-and-a-half-years. He blamed the previous United Progressive Alliance government for not maintaining ammunition stocks. Parrikar’s remarks came in the wake of report filed by the Comptroller and Auditor General that the Army had only enough ammunition to last it for 20 days of intense fighting.