The government has tweaked the income tax laws to make it easier for the new owners of loss-making public sector undertakings (PSUs) to carry forward the accumulated losses and set them off against future profits. This will result in significant tax savings for the new owners if they are able to turnaround operations of the ailing PSU within a few years. This will, in turn, boost the post-tax earnings and returns for the new owners.
In an Instagram video, Sameera Reddy shows you how to clean your hands to protect yourself against COVID-19. Take a look!
Re-rating of Bharat Petroleum Corporation, Container Corporation, Shipping Corporation, SAIL, and Hindustan Copper, for which the government has already shown intent to divest its stake, possible now, say analysts.
With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
Veteran santoor player and music composer Pt Shiv Kumar Sharma died in Mumbai on Tuesday morning following a heart attack, family sources said. He was 84.
The first priority for the new Tibetan administration in Dharamsala should be to look at Tibetan recruitment in the PLA, suggests Claude Arpi.
The FIFA 2022 World Cup will kick-off in Qatar on Sunday, November 20. Here is a list of the 26-man squads playing in the quadrennial global football extravaganza.
A round-up of Wednesday's action in the UEFA Champions League.
It may be a school day but Bollywood's kids are still on vacation.
A popular Chinese blogger, detained earlier this year for his comments regarding military casualties of Galwan valley clash with India, has been sentenced to eight months in prison.
Two of Apple Inc's global vendors -- Wistron and Foxconn (through Han Hoi), which already manufacture Apple phones in India -- and a third entity, Pegatron, which will be setting up a new plant, have applied to the government to be eligible under the PLI scheme for large-scale electronics manufacturers.
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
'Don't dwell on what you are not and what you don't have! Let's focus on the good we are all #imperfectlyperfect'.
Himachal Pradesh Speaker Vipin Parmar has lodged a first information report against the five Congress MLAs suspended from the state assembly for the entire Budget session after they allegedly manhandled Governor Bandaru Dattatraya.
Vinod Dua was a Hindi broadcast journalism pioneer with stints in Doordarshan and NDTV.
By jettisoning the vision of multilateral world in favour of a Han Empire, China has posed a major long term challenge to India. India must stand firm against Chinese expansionism but also keep a door open for future detente by making a clear distinction between Chinese people and the current Chinese leadership, observe Lieutenant General Ashok Joshi (Retd) and Colonel Anil Athale (Retd).
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
On Wednesday, Commonwealth Games bronze medallists Ashwini Ponnappa and N Sikki Reddy, seeded eighth, scraped past the Denmark duo of Amalie Magelund and Freja Ravn 21-9, 17-21, 21-19 in the women's doubles.
China's ruling Communist Party has appointed Wang Junzheng, sanctioned by the US, Britain, EU and Canada for his alleged role in the human rights violations against Uygur Muslims in Xinjiang, as the head of its party unit in the sensitive Himalayan region of Tibet.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
While many Western countries, including the United States, Britain and Australia, are diplomatically boycotting the Winter Olympics over China's human rights record, Putin will join a number of Beijing-friendly leaders at the Games.
Speed skating - Swings wins mass start, brings first Belgian Winter gold in 74 years.
Sankalp Gupta becomes India's 71st GM.
The Power Of The Dog and Dune lead the pack while films like King Richard, Belfast and West Side Story grab quite a few noms.
Former FIFA president Sepp Blatter has called for his successor, Gianni Infantino, to be suspended by the global soccer body after criminal proceedings were opened against Infantino in Switzerland. Swiss authorities said on Thursday that proceedings had been launched against the current FIFA boss by a special prosecutor looking into meetings he had with Swiss Attorney General Michael Lauber.
All top ten candidates belong to the BJP.
Menu included selection of traditional appetizers, double boiled bean curd soup, stewed porcini, pancake with vegetable.
The Centre is likely to privatise profit-making enterprises, reversing its previous position of first closing or merging loss-making state-run units. The NITI Aayog, which is in the process of selecting public sector units for privatisation, is likely to put out its first list, focusing on companies in non-strategic sectors, along with those that have got Cabinet approval for stake sale, or are in final stage of due diligence. "The shortlisted firms will be put out in three-four tranches, with the first list comprising non-strategic ones, followed by strategic sectors with a focus on privatisation and not divestment," said a senior government official privy to the plan. He said the first report was expected in early April. The think tank approach is in sync with the government's new strategies on privatisation and asset monetisation.
From Jammu and Kashmir to Andhra Pradesh, consumers are facing power cuts ranging from 2 hours to 8 hours.
The 92nd Annual Academy Awards hardly had any surprises up its sleeves. Here's a quick look at the winners.
The new phones, launched at a virtual event broadcast from Apple's headquarters in Cupertino, include the iPhone 12, the iPhone 12 Pro, the iPhone 12 Pro Max and a new, smaller, iPhone 12 mini.
The red carpet was rolled out for the long awaited new James Bond movie, No Time To Die at the Royal Albert Hall in London, September 28, 2021.
India's hopes in the Under-18 Open brightened as R Praggnanandhaa outclassed compatriot P Iniyan in the highly-anticipated battle between two Indian Grand Masters in the World Youth Chess Championship, in Mumbai.
The 39 year old actor and mother of two shared 9 signs of deep anxiety in kids that parents need to watch out for.
Saina had pulled out of the opening round of All England Open Championships last week after suffering a thigh injury.
'Dune deserves all the raves it has been getting.'
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
More than 70 years after World War II, Reinhold Hanning, 94, was sentenced to five years' imprisonment over his role at the Nazi-run camp in occupied Poland.
The BJP polled over 56 per cent of votes, more than the combined vote share of the Congress (22.5 per cent) and the AAP (18.1 per cent).
From Bollywood strong men to cricketing greats, celebrities upped the glam quotient this poll season. Some we will see as future MPs, the others just have to get back to business. Rediff.com takes a look at some popular faces, who fought Election 2019 and here's the verdict on them.
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