In a move to plug gaps in the Insolvency and Bankruptcy Code (IBC), the ministry of corporate affairs (MCA) has proposed robust norms against avoidance transactions, wrongful trading, and inordinate delays via changes to look-back period and fixed timelines for the tribunals to reject or approve plans, among other measures. The MCA has proposed that the IBC should provide the adjudicating authority with 30 days for approving or rejecting a resolution plan under Section 31. If a decision is not made on the resolution plan within that period, the adjudicating authority will record reasons in writing for the same, the ministry has proposed.
India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety. Customers rarely walked into showrooms asking for the safest car. They wanted the cheapest or the most fuel-efficient or the best-looking car.
India's triumphant Tokyo Olympics contingent, including history-making Javelin Throw gold-medallist Neeraj Chopra, returned to the country on Monday and was greeted by frenzy and chaos at the New Delhi airport, where supporters jostled to catch a glimpse of their sporting heroes.
'A lot of people will connect to this story and feel for the family and their tribulations.'
Liquor shops reopened across the country in the non-containment zones after 40 days from Monday with people queuing up in large numbers, giving social distancing norms a toss at some places.
By the time they turned 40, Prithviraj Kapoor had done about 50 films, Raj Kapoor about 46 films and Rishi Kapoor about 80 films. As Ranbir Kapoor turns 40, Deepa Gahlot explores the Kapoors cinematic landscape to find out where the young actor stands in comparison to his great grandfather, grandfather and father.
Markets regulator Sebi is contemplating reforms in the IPO norms, especially on the book building, fixed price aspects and certain provisions pertaining to price band, its chief Ajay Tyagi said on Wednesday. Apart from initial public offer (IPO), the regulator is looking into further reforms on preferential issue front, Tyagi said at the FICCI's annual Capital Market Conference. He further said that the focus on review of equity fund raising norms will continue in the near future.
Protests continued to stall the monsoon session of Parliament, as it entered the last week on Monday.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
The number of local youth joining militancy has shown a declining trend during the current year. Check out information revealed by ministers in the Lok Sabha and Rajya Sabha.
Experts, however, have raised concern over the decision, saying the move is akin to treating symptoms instead of the underlying causes.
The filmmaker said the family members and other staff are currently not showing any symptoms but have taken swab test, the result of which was negative.
Between October 21 and October 31, the rise in home isolation cases stood at over 41 per cent, as per the official figures.
'Going forward, whatever faculty positions we fill we expect to do so consistently with the quota requirements.'
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
Edtech major Byju's on Thursday introduced a new 'two-teacher' feature for its after-school online tutoring programme - Byju's Classes, a move aimed at delivering better learning experiences and outcomes. The two-teacher advantage offering - which will be available as a separate offering at about Rs 2,500 per month - will see students being taught by one expert teacher who uses strong visuals and storytelling to explain topics in-depth to ensure conceptual clarity. The second teacher will solve instant doubts, paying individual attention and making the sessions interactive and engaging.
A video surfaced on the social media on Saturday purportedly showing the monkey roaming around and then climbing onto the handrail bar before traipsing to the neighbouring coach.
Human presents an ugly truth -- that some people need to die a painful death in order to facilitate the process of finding a cure for deadly diseases, observes Utkarsh Mishra.
'Investors with as little as Rs 1 can start investing in digital gold.'
Read on to find out more!
Till Tuesday night, the national transporter had run 88 trains for the migrant workers who were stranded at their workplaces due to the coronavirus lockdown and wishing to go back to their homes. Each special train has 24 coaches, each with a capacity of 72 seats. But the national transporter is allowing only 54 persons in a coach to maintain social distancing norms by not allotting the middle berth to any passenger.
Institutional investment in real estate jumped nearly 9-fold during the April-June quarter to $1.35 billion, mainly driven by the inflow of funds in the warehousing projects, according to property consultant JLL India. In its 'Capital Markets Update Q2 2021', JLL India reported that institutional investors deployed $1,357 million in real estate during the second quarter of the 2022 calendar year as against a mere $155 million in the year-ago period.
The country's 5,000 MPs, MLAs and MLCs should resolve in this historic year to return to the people the favour they have been doing by relentlessly nurturing democracy over the last 70 years, he said.
The relaxations will come into effect from Tuesday morning, said a government order.
Sesnsex ended the day flat on heavy selling pressure.
In April 2015, the regulator issued a show cause notice to the bank for alleged violation of portfolio managers' norms with respect to one relationship manager.
'A well made masala film will never go out of fashion. Pushpa proved it yet again.'
The Chief Election Commissioner pointed out that the exercise involved nearly 7.3 crore voters and over 1.06 lakh polling stations.
"People forgot about income for farmers. But for the first time, this thinking has been changed," he said and listed steps the Centre has taken for the welfare of farmers.
The proposed e-commerce rule book issued recently by the ministry of consumer affairs does not mention foreign companies or foreign direct investment (FDI) at any place, unlike most other government guidelines for the sector so far. That is a heartening development since the latest proposals could be fine-tuned as e-commerce policy.
Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.
Sadananda Gowda, the minister, also Bengaluru North MP, drove off in an official car with out undergoing institutional quarantine as mandated by the Karnataka government for air travellers coming from high COVID-19 prevalence states after arriving by a commercial airline flight, services of which resumed after two months.
In an affidavit filed in the top court, the health ministry told the apex court that the family welfare programme in the country is voluntary in nature, which enables couples to decide the size of their family and adopt family planning methods best suited to them, according to their choice and without any compulsion.
'It's similar to how it was with Sachin Tendulkar when he was playing. Even 95 was considered a failure.'
The video, shot by journalist Pawan Jaiswal, of Shiur Primary School under Aharaura police station had gone viral on August 22, sparking a backlash against the BJP government in the state.
The rate of increase in coronavirus cases in Maharashtra between February 14 to March 23 was three times that recorded in the previous four months, data shows.
Markets regulator Sebi on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other shareholders post an IPO. In a consultation paper, the watchdog has also suggested streamlining the disclosures requirement of group companies. The Securities and Exchange Board of India (Sebi) has sough comments from public on the proposals till June 10.
The number of people who have recuperated from the disease surged to 1,02,28,753, pushing the national COVID-19 recovery rate to 96.66 per cent.
