Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
The Supreme Court on Tuesday said a five-judge Constitution bench would hear on November 9 the legal issue concerning the scope of legislative and executive powers of the Centre and Delhi government over control of services in the national capital.
The Delhi high court on Monday sought response of the Aam Aadmi Party government on a public interest litigation seeking direction to immediately release funds allocated for malaria and dengue control programmes to municipal bodies in the capital.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Indian Air Force fighter planes will be on standby to keep a close watch on any suspicious activity in the Delhi sky, including UAVs or drones, as the national capital gets ready to host the G20 summit, a senior official from a department engaged in airport operations said.
'If you look at assets truly working for us, you should look at Aakash and Great Learning.'
The situation in Manipur and the Delhi services ordinance are set to dominate the Monsoon session of Parliament beginning Thursday with the Opposition gearing up to raise these issues to corner the government.
Congress president Mallikarjun Kharge on Friday said a decision on whether to oppose the Centre's ordinance on the control of administrative services in Delhi would be taken before the Parliament session.
West Bengal Chief Minister Mamata Banerjee on Tuesday assured her counterpart from Delhi Arvind Kejriwal, that her party would support him in his fight against the central ordinance to control appointments and transfer of bureaucrats.
The Congress on Sunday made it clear that it will not support the Centre's ordinance on the control of administrative services in Delhi and will oppose any such attempt of the central government to 'sabotage federalism' in the country.
The Aam Aadmi Party supremo is trying to drum up opposition support over the Delhi government's fight against the Centre over an ordinance on the control of administrative services in the national capital.
The monsoon session is expected to commence in the old Parliament building and later move to the new building, sources said. The new building was inaugurated by Modi on May 28.
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings. The board of Sebi, which met on Tuesday, also gave its nod for amending Foreign Portfolio Investor (FPI) regulations and introducing a provision for appointment or re-appointment of any person, including as a managing director or a whole time director or a manager, who was earlier rejected by the shareholders at a general meeting. Once the amended norms are in place, such appointments or re-appointments can only be done with the prior approval of the shareholders.
A provisional order has been issued under the Prevention of Money Laundering Act against the newspaper's publisher Associated Journals Ltd and its holding company Young Indian, the central probe agency said in a statement.
To tackle increasing demand, the Union Ministry of Power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings. The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply. Increasing demand is pushing states to scout for more power sources. "It is requested that state-owned gencos may be encouraged to participate in the corporate insolvency resolution process (CIRP) of stressed power assets, which are of strategic and commercial significance to the capacity addition plans of the states concerned.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
The Reserve Bank of India on Monday tweaked norms related to acquisition and holding of shares in banks to ensure that their ultimate ownership and control remain well diversified and the major shareholders are 'fit and proper' on a continuing basis. The central bank has issued 'Master Direction - Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023'. "These directions are issued with the intent of ensuring that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continuing basis," it said.
With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.
Delhi Chief Minister Arvind Kejriwal on Thursday urged the non-Bharatiya Janata Party entities to unite and defeat in the Rajya Sabha the bill related to the Centre's ordinance on control of services in the national capital.
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.
Tabled by Minister of State for Home Affairs Nityanand Rai, the legislation will reverse the effect of the Supreme Court verdict in May that gave the Delhi government power over administrative services.
A complete ban on firecrackers in Delhi until January 1, the government's refusal to grant licences for sales in Karnataka, and restrictions in the Noida region are adversely affecting the business of manufacturers in Tamil Nadu's Sivakasi, which produces over 90 per cent of India's fireworks. According to industry players, demand has decreased by 20 per cent compared to last year. Moreover, the ban on the use of barium nitrate and the manufacturing and sale of joint fireworks is also impacting demand.
After a meeting of the AAP's highest decision making body -- political affairs committee (PAC) -- at party national convenor and Delhi Chief Minister Arvind Kejriwal's residence in New Delhi, Chadha also welcomed the Congress' decision to oppose in Parliament the Centre's ordinance on the control of administrative services in Delhi.
The Supreme Court on Wednesday refused to interfere with the Delhi government's order putting a comprehensive ban on manufacturing, storage, sale and bursting of firecrackers in the city, saying people's health is important.
He also said the government is sensitive towards farmers and is in discussion with them and their representatives to resolve their concerns.
Uncertainty looms over Lanka-Bangla World Cup clash due to severe air pollution
Locked in a bitter tussle with the Centre over the control of administrative services, Delhi Chief Minister and Aam Aadmi Party national convenor Arvind Kejriwal will meet the chiefs of the Trinamool Congress, Shiv Sena-Uddhav Balasaheb Thackeray and the Nationalist Congress Party this week seeking their support.
The last meeting between the two sides at the Corps Commander level was held in December last year.
On Tuesday, Kejriwal and Punjab Chief Minister Bhagwant Mann met West Bengal CM Mamata Banerjee in Kolkata as part of their nationwide tour to garner support for the AAP's fight against the Centre's ordinance.
The Conflict ruling suggested in the Lodha reforms for BCCI came under criticism from several quarters as they believed it stopped the former cricketers from coming forward to help Indian cricket and cricketers.
'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.
National Security Advisor Ajit Doval held a meeting with top Chinese diplomat Wang Yi during which he emphasised the need for continuing efforts to restore peace and tranquillity in the border areas to remove the 'impediments' to normalcy in bilateral relations.
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
Gangster Sachin Bishnoi, who was allegedly involved in the murder of Punjabi singer Sidhu Moosewala, was extradited from Azerbaijan and brought back to India on Tuesday, officials of the Delhi police said.
Delhi Deputy Chief Minister Manish Sisodia on Thursday accused Bharatiya Janata Party of wanting to have 'unconstitutional' control over Delhi officers to have leverage over the city government.
The Government of National Capital Territory of Delhi (Amendment) Bill, 2023, which will replace an ordinance promulgated for handling the transfers and postings of senior officers in the city government, was passed in the Lok Sabha on Thursday amid a walkout by opposition parties.
Police have so far arrested 11 people on charges of rioting and murder in connection with the clash.
'For no other leader of India do so many people turn up for an event every year without invitation.'
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