There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon.
Piramal Enterprises' bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said. Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital. Voting was done on various parameters, including qualitative and quantitative.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
To improve compliance, govt may introduce lottery reward for filing GST. The Consumer Welfare Fund, where anti-profiteering proceeds are deposited, will be used to reward the lucky winners on monthly and annual bases. The prize money, yet to be fixed, may run into several lakhs of rupees for the annual draw, and about Rs 50,000 for monthly draws.
'We had just kept their recognition in abeyance, pending a verification with regards to new AITA President'
A bench, headed by NGT Chairperson Justice Adarsh Kumar Goel, set up a five-member Committee to probe Thursday's gas leak incident in the chemical factory, in which 11 people were killed and 1,000 exposed, and submit a report before May 18.
'This was an unprecedented and tough situation.' 'I am glad that following a balanced approach we resolved the task at hand in a pragmatic and positive manner.'
The SC said there were enough guidelines to be followed by the censor board to grant certification of a film before its release
As the Indian currency hovers around its lowest versus the US greenback, several smaller and mid-sized companies are expected to face rough weather as almost 44 per cent of the foreign loans taken by Indian companies remained unhedged. According to the data sourced from the Reserve Bank of India, Indian companies raised around $38.2 billion in the financial year ended in March. Of this, only 56 per cent of the loans are hedged while the rest of the foreign loans remain unhedged, thus risking the companies to forex volatility.
As the industrial era wanes, the network era looms, notes Ajit Balakrishnan.
The Committee will 'examine the assessment orders, appellate orders and scrutiny report for the appeal to the ITAT related to orders. . . and give its recommendations for different income groups, separately for corporate and non- corporate assesses", CBDT said.
According to an order issued by the Central Board of Direct Taxes, the department will share 'bulk information', starting from Permanent Account Number (PAN) to the taxpayer's name and all the individual data that it captures like father's name, gender, date of birth, photograph and signature or thumb impression.
The committee will meet just once as only two changes are required in the senior selection panel.
The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.
Sunil Joshi replaced MSK Prasad (South Zone), who had an extended run after completing his four-year tenure. Joshi's selection from South Zone and Harvinder getting picked from Central Zone also shows that the Board has stuck with the zonal policy.
The lawyers said the mediation panel's report was leaked to the media and they do not approve the procedures adopted in the process and the suggested compromise formula of withdrawal of the lawsuit.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
While Minister of State for External Affairs V Muraleedharan questioned 'the haste shown' in reopening the temples, state Devaswom Minister Kadakampally Surendran said the decision was only in line with the Centre's guidelines in allowing places of worship to permit entry of devotees.
The Central Board of Secondary Education (CBSE) will announce the results online.
Looks like the Udta Maker makes will get no help from the government
Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
The Covid pandemic has left a question mark on how the central government manages its staff.
'Everybody knows about Prasoon Joshi's friendship with Aamir Khan.' 'No one is surprised that Thugs Of Hindostan was given an all-clear censor certification out of turn.'
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EPFO had paid 8.5 per cent interest rate to subscribers in 2012-13, which was higher than 8.25 provided in the 2011-12 fiscal.
Banks are in the process of getting a board-approved restructuring framework in line with the RBI's framework and eligibility defined by the central bank.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
The Karnataka high court on Friday said it has called for a report from the state government on the role of radical organisations behind the hijab controversy in the state.
Former medium pacer Kuruvilla, who was backed by Mumbai Cricket Association (MCA) bigwigs, was preferred over a more decorated Ajit Agarkar from the west zone.
His vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society.
The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. Even after the valuation, there are several regulatory processes that have concluded, the official said.
Former Pakistan Test captain, Javed Miandad has tendered his resignation to the chairman of the Pakistan Cricket Board.
The IMD also issued a red alert in the same 10 districts for August 3 also.
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
'The very basis of film censorship lies in the fact that films are considered to be mass medium, and that raw emotions of cinema have the capacity to move you.' 'Which film has moved people into action in the last 40, 50 years?' 'No film.'
Two cases have been registered in the paper leak incident so far. The Crime Branch of Delhi Police has questioned nearly 60 people, including students and tutors, in this connection.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
The reforms proposed for the monster examinations, JEE and NEET, which take several students' lives every year don't go far enough.
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