Lakhs of employees of public sector banks continued their strike on the second day on Friday as well to protest against proposed privatisation of banks by the government impacting normal operation across the country. Shutters of branches across many parts of the country on Friday were down following the strike call given by the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals remains paralaysed due to the two-day strike ending later in the day.
The CoA reacted after FIFA threatened to suspend the AIFF and strip off its right to host the women's U-17 World Cup in October due to a third party "influence", a development which came just days after the Supreme Court's directive to hold elections of the national federation.
The Badminton World Federation (BWF), in a statement, said the escalation of the COVID-19 outbreak globally forced it to cancel or postpone all tournaments from March 16 to April 12.
Indian football being hit with a FIFA ban looked a real possibility on Tuesday after the commercial partners of the sport's governing body in the country approached the Supreme Court over contentious clauses in the draft constitution.
Thousands of people joined a public rally organised by Nagaland People's Action Committee (NPAC) on Friday to demand an early solution to the Naga political issue.
The prime minister further said that the teachings of Buddha stated that human beings should constantly strive to overcome difficult situations and urged everyone to work together during this pandemic.
Infosys chairman and Aadhaar architect Nandan Nilekani will join a panel set up by the central government, along with eight other members, to advise the government on designing and accelerating adoption of Open Network for Digital Commerce (ONDC), aimed at curbing digital monopolies. The larger idea is to give 'free and fair' choice to consumers to buy products on an online platform, a senior government official said.
India's largest traders' association CAIT on Tuesday said few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector and demanded strict enforcement action. Releasing a whitepaper on the e-commerce policy, the Confederation of All India Traders (CAIT) said e-commerce entities have "structured their relationship as marketplace with sellers in a such a way that they are in a position to control either seller on their platform or the inventory and also escape the scrutiny of the enforcement agencies." "Under the guise of such control or ownership over sellers, the issue also permeates from being a mere FDI policy violation to also being an anti-competitive conduct," it said.
The MEA said at Lumbini, the prime minister will visit the sacred Mayadevi temple to offer prayers.
About 50 countries, including Canada, Mexico, Nigeria and Panama, have shown interest in having a Co-WIN like system to run their vaccination drive, a senior official said on Monday, adding India is ready to share the open source software free of cost.
The beauty of the relationship between the two countries is that they agree to disagree and perhaps that is the strongest bond between the two governments and their relationships, notes Rup Narayan Das.
If Manmohan Singh's new reform push is sabotaged, it may be time for radical solutions, like greater decentralisation.
The country has been registering over 70,000 cases for the last four days.
The All India Football Federation (AIFF) remains hopeful of organising the FIFA Under-17 Women's World Cup in November despite the coronavirus pandemic causing cancellation and postponement of top sporting events, throwing international schedules haywire. The optimism stems from the seven months' time that the organising committee has at its disposal to prepare for the top age-group tournament.
As the Concacaf (North America, Central America and the Caribbean federations) Gold Cup kicked off on Sunday morning (July 07 ET) at the Rose Bowl, in Pasadena, California, Concacaf president and FIFA vice-president Jeffrey Webb spoke with Siddhanta Pinto over the telephone from Los Angeles.
Though the government has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, India's top exports to China remain in the raw materials category.
The Asian Football Confederation recommended the AIFF to "open a pathway" for two I-League clubs' entry into ISL by the end of 2020-21 season.
In an open letter, the Confederation of All India Traders has appealed to Aamir Khan, Deepika Padukone, Katrina Kaif, Virat Kohli and others to stop endorsing Chinese products. It has also invited Amitabh Bachchan, Akshay Kumar, Shilpa Shetty, Madhuri Dixit, Mahendra Singh Dhoni, Sachin Tendulkar and others to join the campaign to boycott Chinese products under its flagship national movement 'Bharatiya Saaman-Hamara Abhiman'.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
The 10 Reds Asian Tour Snooker tournament was scheduled to be held in Bengaluru in the last week of March but has been postponed after the organisers failed to guarantee visas for Pakistani cueists.
"Crossing that 'Lakshman rekha' many times, this is especially more worrisome," the judge, who has recently been elevated to the top court, said.
Employees of public sector banks (PSBs) on Thursday went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country. Many branches across different parts of the country were shut as the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) had given two day strike call. As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are expected to function as usual.
Domestic traders body CAIT on Thursday said that much against the declared spirit of GST as good and simple tax, it has become a "colonial taxation system" not compatible with the ground realities of business in India. Various amendments and introduction of rules under GST in the recent past have made the tax systems system much more complicated and put much compliance burden on the traders, it said in a statement. The Confederation of All India Traders (CAIT) added that it is not alone the centre but largely the state governments are more responsible for distorting the GST taxation system and bringing disparities and anomalies in it which has made it a more complex system and a "big headache" for the traders.
The Centre has imposed a ban on the Popular Front of India (PFI) and several of its associates for their alleged terror activities.
The Argentine Football Association (AFA) will appeal what it says is FIFA's decision to force Brazil and Argentina to replay their World Cup qualifier, which was cancelled after five minutes due to a breach of COVID-19 quarantine rules.
Amazon CEO Jeff Bezos is in India this week and is expected to meet top government functionaries, business leaders and SMBs.
It bounced back from the historic low of 41 recorded in the April-June quarter, during the initial days of the pandemic and lockdown.
Speaking at a virtual conference organised by the Confederation of Indian Industry, Suchitra Ella, joint Managing Director of the city-based vaccine maker, said the company's facilities in four cities -- Hyderabad, Bengaluru, Pune and Ankaleshwar -- are currently producing Covaxin.
The proposed investment will be made over a period of five years in our India operations, which includes an R&D facility at Pune and another centre at Vadodara.
Sports Minister Kiren Rijiju on Monday said the government is riding on "mainstay" football to make India a sporting powerhouse and announced the formation of five zonal committees to hunt talent across the country.
Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But that may not necessarily mean flow of more investments into India, unless investors are assured, besides important economic factors and impartiality of institutions, that social disharmony will not cause unexpected disruptions.
Partial lockdown measures may impact movement of labour & goods, they say.
CII said working capital limit enhancement should be accompanied by relaxing norms related to collaterals.
The issue is set to be discussed early next week as the commerce department meets with industry bodies to discuss the widening supply gap for key imports.
Ganesh Natarajan answered many IT-related questions during an hour-long rediff chat on Tuesday.
The Department for Promotion of Industry and Internal Trade (DPIIT) will soon start public consultation for a national retail trade policy, which is likely to include an insurance scheme aimed at providing financial protection against losses caused by theft, accidents or natural calamities. The policy will also spell out ways to give traders access to low-cost finance, promote digital inclusion, and create necessary infrastructure to support them, a senior government official told Business Standard. This is expected to offer relief especially to traditional traders, who are facing stiff competition from large e-commerce players.
In his first interaction with India Inc, Rahul Gandhi said the politics of alienating communities is affecting growth.
CAIT had last month also filed a petition in National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's decision to approve the deal.
India drops two places from its last year's position on the Global Innovation Index 2013.
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