At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.
The government is formulating guidelines on the use of ethylene oxide (ETO) in samples of spices for the domestic market and exports, people aware of the matter said, as it plans to step up efforts to make quality checks more stringent. ETO, a flammable, colourless gas, is typically used as a disinfectant. It is also used as a sterilising agent and an insecticide to reduce microbial contamination in spices. However, its use is considered carcinogenic, beyond permissible limits.
In his letter to Sitharaman, Venugopal said media reports have exposed the alleged "quid-pro-quo between BJP and several firms, which in a strange coincidence donated to it, after the Enforcement Directorate (ED), Income Tax Department (IT) and Central Bureau of Investigation (CBI) and others, raided or searched those enterprises".
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
'No one is propagating RSS ideology as a government officer.'
When contacted, Union Minister of State for Personnel Jitendra Singh told PTI that the decision has been taken in view of the "overwhelming" public sentiments.
'With the deployment of a higher degree of mechanisation, awarding contractual mining to MDOs and operational efficiency, we feel confident of achieving the desired target.'
The tax department has deployed about 40 large and small machines to count currency notes and brought in more department and bank staffers to finish the counting process, which began on December 6 following raids against Boudh Distillery Pvt Ltd and others, they said.
If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.
'We are in a position to start due diligence and private data room access shortly.'
The Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.
At least four UPSC coaching institutes -- Vajiram and Ravi Institute, Drishti IAS, NEXT IAS, and SRIRAM's IAS -- have offered Rs 10 lakh each to the families of Shreya Yadav, Tanya Soni and Nevin Dalvin, the three IAS aspirants who died after rainwater gushed inside of the basement of Rau's IAS Study Circle in Old Rajinder Nagar on July 27.
There are students with 10+ years of work experience who have done two-year full time MBA, says rediffGURU Patrick Dsouza.
'The film industry has a lot of competition. You don't always get the roles you want.'
Despite declining by three percentage points in 2022-23 (FY23) compared to FY19, Odisha's unemployment rate remains higher than the average in India.
The Indian National Congress is in no way connected with the businesses of Dheeraj Sahu, MP. Only he can explain, Congress general secretary in-charge communications, Jairam Ramesh said.
The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
Virat Kohli and Faf du Plessis powered RCB to their best-ever Powerplay score in the IPL.
From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.
The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.
Messages sent through Internet-based messaging service providers such as Whatsapp, Signal, and Telegram, as well as those which are encrypted, are understood to be within the Act's ambit.
'Personal income tax is growing by 27 per cent and most refunds have already been issued.'
Former Australia captain Michael Clarke said Rohit Sharma needs to take a break to freshen up ahead of the T20 World Cup next month.
Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
Eighteen people were killed and 19 injured when a double-decker sleeper bus headed for Delhi hit a milk tanker on the Agra-Lucknow Expressway in Unnao on Wednesday, officials said.
'He is a phenomenal guy.' 'The clarity with which he does his work and the way he wants to present it to the rest of India, I'm amazed at it.'
Sri Lanka meteorological department predicts better weather in coming days
The Met department blamed the malfunctioning of sensors kept at the Automated Weather Station for the gaffe.
Former Maharashtra minister and Shiv Sena-Uddhav Balasaheb Thackeray leader Aaditya Thackeray on Monday claimed nearly '50 people', including 'some middlemen' and personal assistants, will be part of the delegation that will travel with Chief Minister Eknath Shinde for the World Economic Forum (WEF) gathering in Davos, Switzerland.
India has covered enough population with vaccine and infection, but protein vaccines should remain available on payment basis for elderly and those with comorbidities.
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
American tech billionaire Elon Musk on Saturday said his proposed visit to India has been postponed due to "very heavy Tesla obligations". The electric carmaker Tesla CEO -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Narendra Modi -- wrote on X that he is looking forward to coming to India later this year.
Such a set of greedy and amoral characters have seldom been assembled in a Web series, observes Deepa Gahlot.
Who do you think should be part of the Indian team for the T20 World Cup Super 8s match against Bangladesh?
The government has made police verification of SIM card dealers mandatory and discontinued the provision of bulk connections to curb fraudulent activities, Union minister Ashwini Vaishnaw said on Thursday. The minister said that the government has disconnected 52 lakh mobile connections. While 67,000 dealers have been blacklisted, 300 FIRs have been filed against SIM card dealers since May 2023.
'If you ask me where I want my career to go, I have been saying this for a long time: I want to do a K-drama. I want to be in Korea doing a love story, full of romance.'
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
Vivek Saini, a part-time clerk at a store that sheltered Faulkner, had shown kindness to the accused for almost two days and provided him with chips, a coke, water, and even a jacket for warmth, M9 News Channel reported on Sunday.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
