The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
US President Barack Obama has nominated veteran diplomat David Hale as the next ambassador to Pakistan.
Amid a debate within the government on allowing foreign direct investment in multi-brand retail, the nodal consumer affairs ministry is insisting on a foreign direct investment cap of 49 per cent in the sensitive sector, sources said.
FDI into the country increased by 30 per cent to $21.62 billion during April-September this fiscal.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
Sri Lanka's new President Maithripala Sirisena on Monday unveiled his cabinet that included members from a cross-section of parties and announced fresh parliamentary polls in 100 days, two years ahead of schedule.
A committee of secretaries will be meeting soon to consider a draft proposal, which suggests that decision-making on all policy issues pertaining to FDI be transferred from the Department of Industrial Policy & Promotion (DIPP) in the Ministry of Commerce to the Department of Economic Affairs (DEA) in the Ministry of Finance.
The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
The Council will vote on the draft resolution at 3 pm Friday (New York time), two days after it held an emergency meeting on the situation in Ukraine just as Putin had announced Moscow's invasion of Ukraine.
A senior State Department official, on condition of anonymity, said that he has met with officials in India about what is taking place in the nation and expressed concern. The US has also 'expressed desire first to try to help and work through some of these issues', the official said.
The future can only get better if we continue to break silos and work as integrated teams focussed on promoting national interests, recommends Sanjeev Nayyar.
The gold, weighing over 30 kg, was seized from the "diplomatic baggage" that had landed by air cargo at the Thiruvananthapuram international airport recently from the Gulf.
An Australian couple abandoned a baby boy born via surrogacy in India despite being repeatedly warned that the child could be left stateless.
A former Australian defence official, who headed the search for the missing Malaysian jet MH370 in the Indian Ocean, will lead Australia's MH17 plane investigation and recovery operation in Ukraine.
The pressure on India to take a hostile attitude towards Russia and China was not subtle, but it was guarded, observes Ambassador T P Sreenivasan after Monday's 2+2 ministerial meeting in Washington, DC.
The $100-million fund, which has the option to raise a further $200 million, will benefit small and medium enterprises engaged in defence production.
The Covid pandemic has left a question mark on how the central government manages its staff.
The Taliban had promised an 'inclusive' government that represents Afghanistan's complex ethnic makeup, but there is no Hazara member in the cabinet.
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
Deputy US Attorney General Jeffrey Rosen on Wednesday announced that three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals with helping some of those hackers target victims and sell the fruits of their crime.
The finance ministry is of the view that all interests -- direct and indirect -- should be taken into account and that there should not be any threshold for calculating total effective foreign shareholding in a company.
Describing India as one of the most important partners of the United States in the Indo-Pacific region, the Biden Administration on Tuesday said that it welcomes India's emergence as a leading global power and its role as a net security provider in the region.
As part of it, the govt may permit 26% FDI in insurance broking through the automatic route.
DEA objects to the company's 29 Indian stores having sub-brands as a rule violation; DIPP doesn't agree.
'If at all,' says Suhasini Haidar, Foreign Affairs Editor, CNN-IBN, 'Devyani Khobragade is to avoid facing a full trial, the process of that negotiation must start immediately, for which the current acrimonious atmosphere must be improved. It is no more than the US was willing to do for Raymond Davis; the Italian government for its sailors; and India for Captain Sunil James and Vijayan in Togo. Devyani Khobragade is not accused of charges anywhere as serious they were, and whether Preet Bharara's office recognises it or not, she is a diplomat who represents a proud country that has taken the insult to her as a personal insult to the country.'
Tightening the noose around Lashkar-e-Tayiba, the United States on Wednesday designated the Pakistan-based terror group's student wing Al-Muhammadia Students a terrorist organisation and slapped sanctions against its two top leaders.
'The US will not want to tangle with China landwards.' 'Nor will the US confront the Chinese navy seawards on India's account.'
The Union ministry of consumer affairs has given the finishing touches to the policy framework to allow foreign direct investment and foreign institutional investment in India's national commodity exchanges.
Tech giant allowed to set up fully owned shops, with 30% local sourcing like everyone else.
Russia and China are tight-fisted and Iran is broke and none of them has the political will or capacity to bankroll the Afghan economy, which only the US can, points out Ambassador M K Bhadrakumar.
It is premature to make the assumption that Biden's policy toward China will not be a break with Trump, observes Ambassador M K Bhadrakumar.
There is growing acceptance of the idea in the international community that engaging the Taliban government is a far better approach than ostracising it, observes Ambassador M K Bhadrakumar.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
A total of 16 secretaries have been appointed to various central government departments.
The US president's tweet provoked sharp criticism from commentators who saw it as a piece of opportunism at London's expense.
Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.
The court asked challengers of the ban respond to the appeal, and for the Justice Department to file a counter-response by Monday.
Tillerson, 64, who was confirmed by the Senate in a 56-43 vote, was administered the oath of office by Vice President Mike Pence.
Specially designated global terrorist Sirajuddin Haqqani, who carries a reward of $10 million US bounty on his head, is the acting interior minister while his uncle -- Khalil Haqqani -- has been named as acting minister for refugees.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances