XTI Aircraft, a Denver, Colorado-based aerospace startup firm, launched an equity crowdfunding campaign.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
In 2019-20 Budget, the government had increased surcharge from 15 per cent to 25 per cent on those with taxable income between Rs 2-5 crore and from 15 per cent to 37 per cent for income above Rs 5 crore. Following the increase, the effective income tax rate for individuals with a taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent and for those above Rs 5 crore it would go up to 42.7 per cent.
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.
Gauba took chargeafter incumbent Rajiv Mehrishi retired from service.
The registration was cancelled as Infosys Foundation allegedly did not file income and expenditure statement on foreign funding for the past few years, officials said.
The Reserve Bank on Monday cautioned people against money schemes offering assured high returns and asked them not to have deposits with unauthorised non-banking finance companies (NBFCs), which falsely claim to have approval from the central bank to conduct business.
Ananjan Mitter, partner at ALMT Legal, a law firm, has represented Air Charter Service in the venture's application to the Foreign Investment Promotion Board, a key wing in the finance ministry that vets foreign direct investments proposals of companies.
Amid the growing chorus against black money and the government's efforts to pull the plug, Union Law Minster M Veerappa Moily has suggested Finance Minister Pranab Mukherjee to completely overhaul the tax administration.
In 2014-2015 the I-T department put up 669 cases for prosecution. The charges stuck in only 34 cases: Just 5%. It was no exceptional year -- the story broadly follows the script every year.
The Mumbai high court on Friday ordered CBI to probe the complaint filed by Tata Finance Ltd against its former managing director Dilip Pendse for allegedly cheating the company to the tune of Rs 400 crore.
As Centre cedes power to states in indirect tax, it wants to all ystaffers' worry of little work.
We should work in unison to boost growth: FM
In 2010, ministry told its officers nominated on PSB boards to stay away from big-loan panels; central bank followed suit.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
Making water available is always a serious challenge in the summer for all public authorities. This year, the challenge is higher when hand-washing at every opportunity has become a necessity. So keeping potable water lines running without a glitch has become most necessary.
'It seems to be a bit of an aberration. It should be set right; there is a proper mechanism in place. In the normal course, the state police do not have any jurisdiction on central government employees,' the official said.
The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.
"The world, which includes our brotherly friends (China and Saudi Arabia) whom the foreign minister (Khawaja Asif) thanked in a prematurely triumphant tweet on Tuesday, is not impressed with what they see as this country's continued intransigence," the Dawn said in a stinging editorial, criticising the policies of the government, especially the powerful military.
'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
Chief of Army General VK Singh and heads of the Intelligence Bureau and Research and Analysis Wing will also attend the meeting where Chidambaram would give his ministry's assessment of the situation in the valley. The CCS would also discuss the request for army assistance sought by and Kashmir Chief Ministe Omar Abdullah to help control the vloatile situation in the state
Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.
More funds are expected to be allocated for the new crop insurance scheme, PMSKY and RKVY.
'Art Deco was the last of the truly international styles.'
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
The Catalans will not just be looking to extend their domestic hegemony, though, as they have spent a combined 250 million euros ($280 million) on a renewed bid to win the Champions League.
Even as the Income Tax department is probing the financial dealings of the money-spinning Indian Premier League, the Enforcement Directorate (ED) will look into the alleged murky international deals of the Twenty20 tournament. Official sources said the Mumbai wing of the ED had conducted a discreet inquiry into the finances of Rajasthan Royals in 2008 and had prepared a report of alleged Foreign Exchange Management Act (FEMA) violations.
The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.
'It was one of the greatest learnings in my life to see someone like the great Amitabh Bachchan go through such a tough phase.' 'He had been there, done it all and really didn't need to prove himself.' 'Yet, he channelised it all and came out with one of his best performances,' Rakeysh Omprakash Mehra tells Savera R Someshwar/Rediff.com in a fascinating conversation about the films he has made and the actors he has worked with.
As their parties are locked in a fierce battle for Bengal, Tathagata and Saugata Roy, siblings who belong to the BJP and the TMC respectively, answer the same questions put to them about the assembly election.
According to a report in the Terrorism Monitor, a periodical published by the Virginia based Jamestown Foundation, intelligence authorities have revealed that LeT's marine wing is planning a repeat of the 26/11 Mumbai attack, and is on the look out for an incursion into India via the western coast.
Pakistan has quietly banned Tehreek-e-Azaadi Jammu and Kashmir, a new front for Hafiz Saeed's Jamaat-ud-Dawa, as international pressure on the country grew, including from a global watchdog, to combat terror and its funding.
'During Amit Shah's recent visit to Kerala, the strategy of concentrating the attacks on the CM on false charges was clear enough.'
Shoukatullah Ghouri, a suspect in the seven year old Aksharadham temple attack case, was taken to Gujarat by a police team after he was nabbed at the Hyderabad International Airport in a joint operation by the counter intelligence wing and the Hyderabad police.
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
The speaker said he would take a decision on the remaining 14 cases in a "couple of days."
As on March 31, 2019, while the promoter group's stake, including individual promoter shareholders as well as group investment firms, stood at 42.71 per cent, it fell to 38.39 per cent on Tuesday.
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