The Reserve Bank of India said on Sunday it would allow investors who sell their local shares to companies for conversion into ADRs and GDRs to keep the money from the sale in a foreign currency account.
According to the ADR analysis, during the period 2016-18 business houses donated a total of Rs 985.18 crore, constituting 93 per cent of the total contribution to political parties from known sources.
Kaur had also taken part in the 5000m race in Patiala and finished fifth. She had also won a silver in 5000m in the National Inter-State Championships in Guwahati in 2018.
The ruling party received Rs 742 crore in 2018-19, a rise of 70 per cent from the previous year.
Income of political parties from known donors was Rs 1,835.63 crore, which is 16 per cent of their total income.
According to a report by the Association of Democratic Reforms, the ruling party's assets rose to Rs 1,483.35 crore in 2017-18 over its previous financial year's declaration of Rs 1,213 crore.
A special investigation team of the CBI, consisting of officers, other personnel and also forensic experts, landed in Mumbai on Thursday evening to take over probe into the high-profile case which has received much media attention.
Nineteen political parties, including the Bharatiya Janata Party and the Congress, received over Rs 1,100 crore during assembly polls in five states and Union territories in 2021 and spent over Rs 500 crore, a big chunk of which went towards advertisements and travel expenses for star campaigners, a study said on Friday.
The government is likely to sell 20 per cent of its equity in Bharat Petroleum Corporation Ltd in the overseas market while another 15 per cent stake would be offloaded in the domestic markets.
As many as 1,500, or 19 per cent, of all candidates contesting the Lok Sabha polls, face criminal cases, according to an analysis by election watchdog Association for Democratic Reforms (ADR).
The Chief Justice of India, Justice N V Ramana Saturday said the Legislature needs to revisit laws and reform them to suit the needs of time and people so that they match 'practical realities'.
BJP received chunk of the funds at Rs 437.04 crore, while Congress got Rs 26.65 crore.
Chief Minister Harish Rawat's asset saw an increase of over Rs 1 crore from 2012 to 2017, ADR said.
As per the report, out of 612 candidates, 168 (27 per cent) are crorepatis.
The mood at the Hotel Investment Conference South Asia (HICSA), the annual hospitality industry conference was rather upbeat. But hotel brand operators and owners remain cautiously optimistic of the outlook and are living on a hope that a third wave of the pandemic doesn't become a reality. Having just survived the unprecedented zero revenue situation, the two day confrence organised by consulting firm Hotelivate, was dotted with anecdotes and best practices adopted by the hotels of all hues.
1581 MPs with criminal background will elect next President of India.
Six national parties collected 86.91 pc (Rs 1,041.80 crore) of their total income from voluntary contributions for 2017-18.
It keeps getting harder every day for the government to drive its narrative that ample jobs are being created. They sound increasingly silly as they try to defend the indefensible, says Mahesh Vyas.
As many as 51 MPs and MLAs have declared cases of crime against women.
After a better-than-expected Dussehra weekend, hospitality firms are hopeful of ending the year on a positive note by doing good business over Christmas and the New Year. Typically, year-end bookings kick in two to four weeks before the season begins. Owing to pandemic-related uncertainties, hotels are seeing a significant reduction in the booking window, with travellers waiting till the last minute to make hotel reservations.
An analysis of the declarations made by these MLAs reveals that 37 have declared serious charges including those related to rape, attempt to murder and crime against women.
Twenty-three per cent or 244 candidates have declared serious criminal cases against themselves, it said. Serious criminal cases are non-bailable offences with over five years of imprisonment.
He will serve out five-month ban on Sunday but WADA says his case a pending one
With the Yogi Adityanath government taking credit for cracking down on criminals and making it an election issue, political parties are now having a rethink on aligning with those who have a criminal background but also enjoy influence in their areas.
Chief Minister Adityanath has total assets worth over Rs 71 lakh, while Deputy CM Keshav Prasad has total assets of over Rs 9 crore.
The Securities and Exchange Board of India on Tuesday revised takeover norms by bringing ADRs/GDRs with voting rights on par with the domestic shares, which makes an open offer mandatory if 15 per cent stake is bought in a company through these securities.
'On an average we have been getting four to five such proposals a month, but we aren't pursuing them as they don't tick the boxes.'
The survey also found that employment opportunities, transport and women empowerment are key issues in the Himachal Pradesh assembly polls.
'We have reached a new low.'
Karnataka goes to polls in about a fortnight and the Bharatiya Janata Party and the Congress is going toe-to-toe to win the elections, results of which will be announced on May 15. Here's a simple guide to all things about the Karnataka polls.
Nearly 57 per cent of total income of five national parties during financial year 2013-14 was from sale of coupons (smaller donations), a leading election watchdog NGO has said.
The government on Friday modified FDI policy allowing unlisted companies to directly list on stock exchanges abroad to raise funds for acquisitions or retiring overseas debts, a move which may help India in containing high current account deficit.
Of Rs 1,034.27 crore, the ruling party spent Rs 606.64 crore, while the Congress spent Rs 149.65 crore of its Rs 225.36 crore.
India batsman Prithvi Shaw has been handed a back-dated eight-month suspension for a doping violation after ingesting a prohibited substance Terbutaline.
BJP tops the list with 27 tainted candidates
The Securities and Exchange Board of India (Sebi) on Thursday hiked individual limits of mutual funds' investments in overseas equity instruments by $50 million to $150 million.
Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
Hoteliers are tweaking their pricing strategies to adjust to the new stickiness in the market.
