The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
The Central Vigilance Committee has sought loan data from United Bank
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
A bench comprising CJI and Justice Sanjiv Khanna was hearing a PIL filed by NGO Common Cause challenging the appointment of Rao as interim CBI director.
Breaking his silence, the ousted CBI chief said that he was transferred on the basis of allegations made by only one person, who was inimical to him.
As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal.
There appears to be a surprising reaction from the Supreme Court on the actions, activities and decisions of the Narendra Modi government.
The Supreme Court on Tuesday said Narayanaswami Srinivasan's son-in-law Gurunath Meiyappan's role in the Indian Premier League betting and spot-fixing scandal seems like "insider trading" and agreed to hear a plea to make public the names of cricketers who were mentioned in the Justice Mudgal Committee report.
A CBI official has clarified that the agency did not find any criminal offence again DLF regarding land rights.
The agency opposed Asthana's plea seeking quashing of the FIR and said a roving inquiry at this stage was not permissible.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
The finance minister has said that United Bank has managed to reduce its non-performing assets.
The bench said the petition has relied on a March 2 verdict of the apex court which had ruled that the appointment of the Chief Election Commissioner and ECs will be done by the President on the recommendation of a committee, comprising the prime minister, Leader of the Opposition in Lok Sabha and the CJI, to maintain the "purity of election".
The judge said that permission for prior sanction to prosecute Asthana was not required considering the facts of the case.
The CBI chief's advocate said there was no basis for the Central Vigilance Commission to pass such an order recommending to send him on leave.
"Excellent meeting with Nobel Laureate Abhijit Banerjee. His passion towards human empowerment is clearly visible. We had a healthy and extensive interaction on various subjects. India is proud of his accomplishments. Wishing him the very best for his future endeavours," Modi said in a tweet, sharing a picture of their meeting at his official residence.
India's premier investigating agency, the Central Bureau of Investigation, is witnessing an unprecedented crisis since the last few weeks. At the heart of the crisis is the struggle between its two top bosses -- Alok Verma and Rakesh Asthana. As the case continues to play out in the public with allegations being countered with more allegations, here's all you need to know about the feud and its various twists and turns.
We must heed what the CJI has said. Challenging every judgment of the central government is inviting chaos, asserts Shreekant Sambrani.
The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.
Former top bureaucrats have come out in support of ex-coal secretary P C Parakh, who has been named by the Central Bureau of Investigation in the coal blocks allocation scam, warning that harassment of honest officers will erode the government's credibility and stop senior officers from taking decisions.
Pointing out some "anomalies and legal inconsistencies" in the Lokpal Act, the Central Bureau of Investigation has raised a question as to whether the entire probe agency will be divested of all powers if any of its officer was found guilty of corruption or tampering with evidence.
'Whatever ED officers do -- issue summons, conduct searches or arrest a person -- they have to face the courts.'
A red alert indicates heavy to extremely heavy rains of over 20 cm in 24 hours, while an orange alert means very heavy rains of 6 cm to 20 cm of rain.
D K Sarraf replaces Vasudeva, who turned 60 on Tuesday and is due to superannuate on Friday.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
In his petition, Kharge, who is the leader of the Congress in Lok Sabha, said only the three-member committee of leader of opposition, prime minister and the Chief Justice of India can take a decision on the appointment or removal of the CBI director as per the act.
Air India's former executive director Jitender Bhargava feels the airline should oppose the Tata-Singapore Airline plan to set up a hub in Delhi.
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
The petition has sought laying down of specific mechanisms to ensure transparency in the process of appointment of CBI director.
Crowds carrying lighted candles in memory of those killed in the fire at an apartment block reported under COVID-19 lockdown in Urumqi in Xinjiang shouted slogans against the arbitrary lockdowns by the government to curb the spread of the virus and in solidarity with the weekend protests in Shanghai.
The Supreme Court on Friday restrained senior Indian Police Service officer Archana Ramasundaram from discharging her duty as the additional director in the Central Bureau of Investigation, saying that her appointment "prima facie" seems to be illegal and against the statute.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
He has also sought stay of the Centre's order asking him to proceed on leave and giving the interim charge of his post to Joint Director M Nageswara Rao, a 1986 batch Odisha-cadre IPS officer.
MHA said the four men were on 'routine, covert' duties in the high security area.
The government is considering a proposal to privatise some state-owned banks in phases.
The Congress' protests in the national capital were replicated in other parts of the country.
However, the bill will have all major provisions of the ordinance, promulgated by the central government on May 19, a week after the Supreme Court handed over the control of services in Delhi excluding police, public order and land to the elected government headed by Chief Minister Arvind Kejriwal.
These officers will oversee the entire poll processes as eyes and ears of the commission on the ground to ensure free, fair and voter-friendly elections.
The repolling started at 7 am amid tight security with four central forces personnel deployed in each booth, besides state police. Till 11 am, 10.9 per cent voter turnout was recorded.
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