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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
He also said the government is sensitive towards farmers and is in discussion with them and their representatives to resolve their concerns.
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 last meeting between the two sides at the Corps Commander level was held in December last year.
'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.
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.
'For no other leader of India do so many people turn up for an event every year without invitation.'
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.
The Delhi government has been following the practice of banning all kinds of firecrackers for the last three years.
The ED said AB Exports Pvt Ltd is a "shell" or fake company owned by Prasad's son and Bihar deputy Chief Minister Tejashwi Yadav and Chanda Yadav (another daughter of the RJD chief) and its registered address is the bungalow located in the New Friends Colony area.
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.
Cheteshwar Pujara continued his good form in Ranji Trophy as he slammed his second successive century as Saurashtra dominated their Elite Group A match against Manipur.
Police have so far arrested 11 people on charges of rioting and murder in connection with the clash.
'...by directing these draconian provisions against political and ideological opponents of the ruling group, minorities, and those who dare to dissent through and selective prosecution and prolonged incarceration as undertrials.'
Delhi Chief Minister Arvind Kejriwal on Thursday said the speed of work in the national capital will increase manifold following the Supreme Court verdict on administration of services as his hands were earlier tied and also announced that the officers who 'obstructed' the work of the people will soon 'face the music'.
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.
In Rajasthan, 13 deaths related to rain and storm were reported over the last two days while at least 12 people were killed due to lightning strikes in Jharkhand during the same period, officials said.
The wrestlers protesting at the Jantar Mantar, about two kilometres from Parliament, said that they will go ahead with their 'Mahila Mahapanchayat' near the new building at any cost.
Bharadwaj said it has not rained in Delhi in the last 3-4 days, yet still the water level in Yamuna reached 208.66 metres.
The monsoon session of Parliament which saw many disruptions since it began on July 20 over the Manipur violence issue, is set to become more turbulent with the government likely to introduce a bill in the Lok Sabha to replace the Delhi services ordinance.
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
Ramesh stressed that the prime minister should participate in the debate on Manipur.
Tharoor argued that the proposed bill represents a "grave chapter in the history of the Indian republic, seeking to ratify an ordinance that in many ways is an assault on our democratic heritage and the spirit of federalism."
The Central Bureau of Investigation conducted searches in Delhi and the national capital region (NCR) and busted a fake tech-support call centre that allegedly defrauded US citizens online.
'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.
The special privileges granted to private equity (PE) investors by listed companies are set to go through shareholders' test. Under new rules introduced by the Securities and Exchange Board of India (Sebi), all such arrangements will require shareholders' nod by way of special resolutions. Legal experts say arrangements that are unfair to other public shareholders may not pass the muster.
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