'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
The agency also alleged that Deshmukh exercised undue influence to pass favourable transfers and postings of the police officials.
The auditor of ABG Shipyard, which is being probed by the Central Bureau of Investigation (CBI) for the Rs 23,000-crore default to banks, had settled an investigation by the Securities and Exchange Board of India (Sebi) by paying a small settlement fee in 2019. The regulator had initiated an investigation into the fund diversion from ABG Shipyard and had asked the auditor to explain why it failed to detect fund diversion in time. In his settlement application, auditor MN Ahmed, partner of Nisar & Kumar, a chartered accountant firm, said he ceased to be an Indian citizen and has retired from the profession.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
'For the common man, the economic conditions are not going to get better.'
The Enforcement Directorate (ED) on Wednesday conducted raids in three locations in and around Kolkata and again recovered large stacks of cash from a flat linked to Arpita Mukherjee, considered a close associate of arrested West Bengal Industry Minister Partha Chatterjee.
The Supreme Court on Monday allowed Congress MP Karti Chidambaram, who is facing criminal cases that are being probed by the Enforcement Directorate and the Central Bureau of Investigation, to travel abroad.
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
'Whatever ED officers do -- issue summons, conduct searches or arrest a person -- they have to face the courts.'
The Centre is conducting a study to assess the presence of SARS-CoV-2, or novel coronavirus, in the Ganga as corpses were found dumped in the river during the second Covid wave, and were fished out from districts in Uttar Pradesh and Bihar, officials said.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
8 instances when Indian movies and Web shows were neck deep in trouble!
The Enforcement Directorate had filed the money laundering case after taking cognisance of a Central Bureau of Investigation FIR and chargesheet.
RBI has cited at least 10 areas where it has no control over PSBs.
Rescuers on Monday recovered 20 bodies from the wreckage site of the Tara Air plane that crashed in Nepal's mountainous Mustang district on Sunday with 22 people on board, including four Indians, minutes after taking off from the tourist city of Pokhara, officials said.
'The biggest agitation in Tamil Nadu -- after the anti-Hindi agitation in 1965 -- were the Jallikattu protests. The anti-Hindi agitations had the backing of a political party but this one does not. No famous actor is involved in it either. It was an incredible agitation.'
The central bank is engaged with other financial institutions for investment as part of the scheme to resurrect Yes Bank under RBI imposed moratorium since March 5.
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
The Rashtriya Rajput Karni Sena said the censor board's nod to the controversial film was "unfortunate". The Gujarat president of the outfit, Raj Shekhawat, made an open threat, saying the RRKS members would take the law into their hands if the film was not banned across the country.
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
The government on Wednesday announced the appointment of veteran banker K V Kamath as chairperson of the newly set up Rs 20,000 crore development finance institution NaBFID to catalyse investment in the funds-starved infrastructure sector. Parliament had in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.
Chinese manufacturers are re-routing their products through the markets of other countries that India has Free Trade Agreements with.
Deployed at 15,632 feet, Captain Shiva Chauhan, 25, highlights the calibre of the Indian Army's women officers.
As per norms, the returns have to be filed online on www.aces.gov.in.
The film is set to release next Friday, June 17, but the makers of Udta Punjab are busy fighting the censor board.
The Covid pandemic has left a question mark on how the central government manages its staff.
Of the 23 companies, eight have raised funds after Shark Tank India.
'We are the largest film industry in the world.' 'We employ millions and entertain billions.' 'We generate the highest amount of sales tax.' 'Our stars pay the highest amount of income tax.' 'All I would say is: Don't f*** it up!'
Another BCB director Mahbubul Anam too smelt a conspiracy against the Board.
Ministry of Corporate Affairs is now likely to examine whether all active companies have PAN or not
Urvashi Vaid dreamed of a common movement for social justice that could address them all: Racism, gender oppression and homophobia. Sandip Roy salutes the memory of Urvashi Vaid, one of America's most prominent LGBT activists, who passed into the ages this month.
The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report. In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 85.7 per cent of the total value of banknotes in circulation as on March 31, 2021, as against 83.4 per cent as on March 31, 2020.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
Deepika and her husband Ranveer Singh on Thursday flew back to Mumbai from Goa, ahead of her appearance before the NCB. The couple arrived at Goa International Airport amid heavy security around 8 pm and boarded a chartered flight.
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
A bench headed by Chief Justice Dipak Misra was informed that the film has not yet received the certification from the Central Board of Film Certification.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
'Shows of PK will continue all over Maharashtra and we will provide necessary protection to ensure smooth screening of the film,' Chief Minister Devendra Fadnavis has said.
The SC said there were enough guidelines to be followed by the censor board to grant certification of a film before its release
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