As the voting process for the new Conservative Party leader formally opened with postal ballots being mailed out to Tory members from Monday, Rishi Sunak vowed to cut the basic rate of income tax by 20 per cent in a few years if he is elected Britain's prime minister.
Only 80.6 per cent of the Rs 6-trillion allocation has been spent by February, data from the Controller General of Accounts shows.
The Reserve Bank on Friday accepted most of the recommendations of its working group on corporate ownership of private sector banks, by allowing unrestrained promoter shareholding in the first five years of operations and hiking the same to 26 per cent after 15 years from the extant 15 per cent and also the new capital requirements. The move will benefit leading banks like Kotak Mahindra Bank and IndusInd Bank, among others, which have been seeking more time from the regulator to divest their stakes for many years now. Accepting 21 of the 33 recommendations of the internal working group, the central bank said the remaining suggestions are under its consideration.
A picture released by the federal agency showed bundles of seized Rs 500 currency notes along with a few in the denomination of Rs 2,000 and Rs 200 stacked together on a bed.
Traders' body CAIT on Wednesday accused e-commerce major Amazon of indulging in serious contraventions of FDI policy and Foreign Exchange Management Act. The body also blamed the online firm for not seeking the government's approval for conducting multi-brand retail activities in India.
As per statistics available with the Mumbai police, only 1 per cent of the temples in the metropolis have obtained permission to use loudspeakers in their premises, an official said.
As the petition points out, new medical colleges entail adjunct government hospitals, thus making specialised medical care that much more accessible to the vast majority of population that otherwise could not afford high-cost medical care in the private sector, N Sathiya Moorthy points out.
If AAP dominates both state and local elections, the move for unification may become the illness for the BJP instead of the medicine it was supposed to have been.
India's immediate priorities have been the safe return of the Indians still in Afghanistan, bringing back the Afghan nationals who stood by New Delhi, and ensuring that Afghan soil is not used for terrorism directed at India
During their hour-long in-person meeting on the sidelines of a Shanghai Cooperation Organisation (SCO) conclave in Dushanbe on Wednesday, External Affairs Minister S Jaishankar also told his Chinese counterpart and State Councilor Wang Yi that any unilateral change in the status quo along the Line of Actual Control (LAC) was 'not acceptable' to India and that the overall ties can only develop after full restoration of peace and tranquillity in eastern Ladakh.
This will be the first civic election after the fresh delimitation exercise, and the much-awaited poll will be held in the gap between the two phases of the Gujarat assembly elections, which will take place on December 1 and 5.
Auditoriums, malls, gyms and spas will be shut down and cinema theatres will be allowed with a third of the capacity on weekdays. Eating out will be banned and only home deliveries will be allowed. Weekly markets will be allowed but with restrictions.
'It appears on the face of it that the Taliban of 2021 is not the same Taliban of 2001. There appears to be some difference. They are making mature statements. That is something we have to take note of,' former external affairs minister Yashwant Sinha said
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
This year saw no improvement in bilateral ties as India accused Pakistan of cross-border infiltration and re-activation of terror-launching pads near the LoC.
Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.
The Delhi Pollution Control Committee (DPCC) also issued guidelines for implementation of the ban on firecrackers, which included directions to the Delhi Police to register a first information report against the violators of the ban.
The group said it does not believe the open letter to Modi by the Constitutional Conduct Group -- the name of the association of former bureaucrats -- had "sincere motivations".
No improvement in the air quality in Delhi-NCR is expected for another three days, authorities said on Monday, as the Supreme Court directed the Centre to call an emergency meeting to decide on measures like stopping non-essential constructions, transport and power plants by Tuesday evening.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
Infosys' up to Rs 9,200 crore buyback plan is scheduled to commence from June 25, wherein the IT major has proposed to buy back shares at a maximum price of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders' nod was received on June 19, 2021, at the company's 40th annual general meeting. The Bengaluru-based company has issued a public announcement on June 23 in various newspapers for the buyback of its equity shares from the open market through the stock exchange route, a regulatory filing said on Wednesday.
Delhi's air quality was again in the severe category with the 24-hour average AQI recorded at 403 after remaining in the 'very poor' category till Tuesday morning, when the AQI was recorded at 396.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
The defence ministry on Wednesday announced a fresh list of 351 sub-systems and components that will not be allowed to be imported under a staggered timeline beginning December next year.
Addressing the annual Dussehra rally at the iconic Shivaji Park ground in Mumbai, Thackeray lashed out at Shinde, whose rebellion in June this year brought down the Thackeray-led Shiv Sena-NCP-Congress government in the state.
India's state-run NTPC is launching bids for clean technology for two coal-fired power plants near New Delhi, officials said, as criticism mounts over the country's failure to end a toxic smog which strikes the capital every winter.
A trial judge, who has been critical of the "callous and farcical" probe of Delhi police in some riots cases of 2020 and had once observed that failure to conduct a proper investigation will torment "sentinels of democracy," was on Wednesday transferred to another court in the national capital.
'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'
'By resorting to divisive issues, the BJP is giving the impression that even if it is voted to power it won't do anything new to give Bihar a facelift. It will repel voters with the belief that the BJP can't do anything without communal polarisation as its core ideology. This is sad and unfortunate,' says Mohammad Sajjad.
Except for Xi, 69, all top officials including the number two leader, Premier Li Keqiang will be replaced in the massive reshuffle to follow in the days to come, which included a new foreign minister replacing the incumbent Wang Yi.
The Supreme Court Wednesday asked the Centre and the NCR states to continue implementing for few days the measures to ensure improvement in air quality, saying that preventive actions are needed in anticipation to curb pollution even as it wondered what signals are being sent to the world.
Violation of the provisions entails a punishment of a jail term of up to five years or with fine up to Rs one crore or with both.
The rather amateurish, even ham-handed, attack would lend some credence to a 'false flag' theory, of the PTI leadership staging this incident, to provide new impetus to a flagging agitation, notes Rana Banerji, who headed the Pakistan desk at RAW, India's external intelligence agency.
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
He said though there is a spike in new cases, the situation is under control as not many people are developing severe disease or require hospitalisation.
Naga splinter groups impatient with stalled talks as well as rebel Manipuri groups who have a stake in disrupting upcoming elections to the state assembly, are believed to be regrouping in the borderlands of China's Yunnan province and Myanmar, taking advantage of the turmoil in the latter by using it as a transit corridor.
Khan's letter was in reply to Prime Minister Modi's letter to him last week to extend greetings on the occasion of Pakistan Day. In his letter, Modi had said that India desires cordial relations with Pakistan but an atmosphere of trust, devoid of terror and hostility, is "imperative" for it.
Pakistan's National Assembly resumed its crucial session on Monday after a two-day recess where Opposition is likely to formally table the no-trust motion against embattled Prime Minister Imran Khan amidst fluid political situation in the country.
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