There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.
Praveen Pardeshi was replaced by Iqbal Chahal in a major shake-up in the agency that is in charge of the city's COVID-19 response.
This pertains to certain irregularities in loan disbursements towards the development of two Slum Rehabilitation Authority projects undertaken by the company in the past.
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.
Following the 30-day moratorium placed on Yes Bank, asset management companies have asked their clients, who have bank accounts with the troubled lender, to furnish details of alternate accounts for receiving redemption payouts. Redemption is the return of an investor's principal on a fixed income security such as a bond, mutual fund or preferred stock.
The number of subsidence-affected homes rose to 678 while 27 more families were evacuated to safety, a bulletin from the Disaster Management Authority in Chamoli said, adding so far 82 families have been shifted to safe locations in the town.
The Yes Bank Reconstruction Scheme 2020, shall come into force on March 13, the gazette notification said.
Even today when news organisations and their owners have stooped before the powers that be when they were only asked to bend, Prannoy is still standing tall, asserts Sanjay Ahirwal, , former managing editor, NDTV Worldwide.
A Delhi court on Tuesday sought response from the Centre and the Archeological Survey of India on a plea seeking restoration of Hindu and Jain deities and right to worship within the Qutub Minar complex, the lawyer said.
Jammu and Kashmir has been without an assembly since November 2018 when the then legislative assembly was dissolved by then Governor Satya Pal Malik after the People's Democratic Party-Bharatiya Janata Party coalition government fell apart earlier that year.
The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law. This is only the second time in as many years that the Reserve Bank of India (RBI) is referring entities for the resolution process under the Insolvency and Bankruptcy Code (IBC) after taking first ever such step in the case of DHFL back in 2019. Superseding the boards of the crisis-hit Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), the RBI has appointed Rajneesh Sharma, former Chief General Manager of Bank of Baroda as the administrator to manage the affairs of the two companies.
Tinu escaped from the custody of the Crime Investigation Agency unit of the Mansa Police on Saturday night when he was brought on a production warrant from Goindwal Sahib jail in Tarn Taran district in another case.
These kinds of assumptions to be used for a nation of India's size and "to put us in poor light is not desirable"
Ravi Shastri was reappointed as the India head coach, the BCCI's Cricket Advisory Committee announced on Friday.
The Shri Mata Vaishno Devi Shrine Board, however, denied the charge, saying all necessary arrangements were made in view of the expected rush, while Jammu and Kashmir Director General of Police (DGP) Dilbag Singh blamed a minor altercation for the 'unfortunate' incident.
While former Committee of Administrators head Vinod Rai's recently published book gives an insight into the Anil Kumble-Virat Kohli drama and Ravi Shastri's eventual appointment as Head Coach, the book also contains a sprinkling of factual errors.
Indian employers have robust hiring intentions for the next three months, with 49 per cent of companies planning to add more staff in the January-March quarter, as employers are positive about achieving sustained post-pandemic recovery, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey, hiring sentiment in India is the strongest reported in eight years, improving by five percentage points in comparison with the prior quarter and by 43 percentage points when compared with this time one year ago. The survey of 3,020 employers noted that 64 per cent expect to increase their staffing levels, 15 per cent anticipate a decrease and 20 per cent do not anticipate any change, resulting in a seasonally adjusted Net Employment Outlook of 49 per cent.
The second wave of the pandemic has not only crippled medical infrastructure in terms of hospital beds, but has also led to bottlenecks in invasive ventilators and medical oxygen capacities and supplies.
On Monday, around 5,000 nurses of the All India Institute of Medical Sciences in New Delhi went on a strike over their long pending demands, including those with regard to the Sixth Central Pay Commission.
The launch of a new party by former Karnataka minister and mining baron G Janardhana Reddy has spiced up the poll scene in parts of state.
At least 40 people died and nearly 150 others were injured on Friday after a packed three-storey ferry carrying around 500 passengers caught fire on the Sugandha River in southern Bangladesh, officials said.
Drug firm Zydus Cadila on Thursday said it has applied for emergency use authorisation (EUA) with the Indian drug regulator for its three-dose COVID-19 vaccine ZyCoV-D, and plans to manufacture 10-12 crore doses annually.
The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.
In violation of COVID-19 norms, relatives of a deceased coronavirus-infected patient at Nizamabad allegedly carried his body in their own autorickshaw for burial.
The US president tweeted on Friday that Mulvaney "has done an outstanding job" in his administration and would take over from John Kelly in the new year.
Chief Secretary A K Tripathy and Director General of Police (DGP) Abhay rushed to the pilgrim town to make the necessary arrangements. "The DGP and I are rushing to Puri to take stock of the situation as per the direction of the chief minister. We will camp there," Tripathy said.
The Amarnath pilgrimage resumed on Monday after remaining suspended for three days following flash floods that claimed 15 lives, while the Jammu and Kashmir administration said it would get a clear picture by Tuesday about the damage.
All medical establishments like medical colleges (allopathic, homoeopathic and AYUSH), health centres, private healthcare units and polyclinics have been asked to send the list of workers, the senior official of the Health department told PTI.
A private school teacher in Rajasthan's Udaipur was arrested on Wednesday while three engineering students from Kashmir were held in Agra in Uttar Pradesh for posting messages on WhatsApp celebrating Pakistan's victory over India in the T20 World Cup cricket match three days ago.
The firm, headed by Sunil Kumar Gupta, was appointed auditors of the PM's National Relief Fund in 2019, reports Archis Mohan
The White House and the Indian-American community are solidly backing the nomination of Neera Tanden as the director of Office of Management and Budget, describing her as the most appropriate candidate to hold the position.
The Subject Expert Committee on COVID-19 of the CDSCO on October 12 after deliberating Bharat Biotech's EUA application had recommended granting emergency use approval to Covaxin for use in the 12-18 years age group with certain conditions.
A delegation of senior Pakistani officials led by Inter-Services Intelligence Director General Lieutenant General Hameed arrived in Kabul to conduct discussions with the incoming Taliban government, the Pakistan Observer newspaper reported.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
If a retail investor wants exposure to a healthcare ETF, it should be a part of his satellite portfolio, suggests Sanjay Kumar Singh.
President Trump, a Republican, however, did not formally concede the election to Biden, saying he would 'continue to fight and will prevail'. He has launched a slew of lawsuits in key states, but has not provided any evidence to back his claims of electoral fraud. Many of the lawsuits have been dismissed by courts.
Faced with criticism that water released from its dams in an 'unprecedented' manner led to the flooding of West Bengal, the Damodar Valley Corporation (DVC) on Wednesday said that it discharges water after taking consent of the state government and blaming it for the deluge is not justified.
An amendment carried out in the over 30-year-old Prevention of Corruption (PC) Act, 1988 in July 2018 bars a police officer from conducting 'any enquiry or inquiry or investigation into any offence alleged to have been committed by a public servant' without 'the previous approval' of the authorities.
'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.
Accelerating inequality, the market dominance of tech platforms and remote working are likely to be the longest-lasting legacies of the COVID-19 crisis, the WEF said in a report on Monday. Releasing its Chief Economists Outlook report during the online Davos Agenda Summit, the WEF said that beyond managing the pandemic and vaccine rollout, these trends could shape a new era of fiscal, monetary, and competition policy. Deglobalisation is seen as the least likely of the current trends to continue in the longer term; particularly as international coordination is key to resolving global challenges such as vaccine manufacturing and distribution.
