Better protection for depositors and investors was one of the chief considerations in Union Finance Minister Nirmala Sitharaman introducing, on Friday, the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha to amend four pieces of legislation. This amendment is also to improve audit quality in public-sector banks (PSBs), offer consistency in reporting by banks to the Reserve Bank of India (RBI), and provide for an increase in the tenure of directors in cooperative banks.
IOA president P T Usha on Sunday slammed the revolting executive council members, saying they 'seem more focused on self-serving power play and monetary gain'
Armed with swanky showrooms, decked with plush fixtures, and offering indulgences such as high-end perfumes and customisable accessories, BMW, Mercedes, Audi are rolling out the red carpet for the well-heeled.
Disclosing an individual's income-tax returns is tantamount to violating the person's fundamental right to privacy as recognised by the Constitution.
Justice Rastogi asks Mehta if he thinks that in the absence of law, whatever appointments are being made in a process are appropriate.
Union Finance Minister Nirmala Sitharaman on Monday said people are finding current interest rates "very stressful" and urged banks to make them affordable. Speaking at an event organised by State Bank of India, the finance minister said that at present, India requires industry to ramp up and invest in new facilities, and added that lowering lending rates can help achieve the "Viksit Bharat" aspiration.
Prime Minister Narendra Modi on Monday said India has made its policies transparent and predictable and clearly defined the procedures for businesses.
The Indian budgetary system has become more transparent over the years, with the government providing significant information on the Budget, a survey has said.
The body of a woman post-graduate trainee who was allegedly raped and murdered inside a seminar hall of the hospital, was found on Friday morning. The civic volunteer was arrested on Saturday.
Union Home Minister Amit Shah, who piloted the laws, said the new laws would give priority to providing justice, unlike the British-era laws that gave primacy to penal action.
It's not only the Indian markets that command a valuation premium over their global peers; shares of subsidiaries of India-listed multinational companies (MNCs) also trade at rich valuations compared to their parent companies. An analysis of 12-month forward price-to-earnings (P/E) and price-to-book (P/B) multiples of domestically listed MNCs shows that most quotes have a premium ranging from 2.1x to 6x that of their parent. Similarly, P/B, in most cases, is significantly higher in the domestic market.
On a day a sexual abuse case was registered against actor Siddique based on a complaint by a woman actor, the Left government appears to have adopted a cautious approach in the case of MLA Mukesh, with two ministers indicating that further action hinges on the findings of the probe by the special police team.
TI report, which placed 42 oil and gas companies into three tiers based on their level of transparency in revenue disclosure, clubbed ONGC with China's CNOOC and CNPC, Russia's Lukoil and US-based ExxonMobil Corp in the lowest tier for disclosing information only by geographical segment and providing almost no additional information.
Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.
India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment-grade (BBB-/Baa3). While sovereign credit ratings do not reflect the Indian economy's fundamentals, noisy, opaque and biased credit ratings damage FPI flows," the survey said.
The government's move to set up a regulator for the coal sector would help bring in transparency, encourage exploration and enhance quality of the dry fuel, India Inc said on Friday.
'We are at the moment working with India to encourage India to hold accountable, those responsible for this terrible crime'
Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.
Amid a row over irregularities in competitive exams National Eligibility cum Entrance Test (NEET) and National Eligibility Test (NET), the education ministry on Saturday notified a seven-member panel headed by former Indian Space Research Organisation (ISRO) chief K Radhakrishnan to ensure transparent, smooth and fair conduct of examinations through the National Testing Agency (NTA).
When a strong executive decides it wants something, even something that is dangerous and unconstitutional, there is little resistance from within to stop it, notes Aakar Patel.
Raising concern over the nearly 1.25 crore feedback submissions received by the parliamentary committee scrutinising the Waqf (Amendment) Bill, Bharatiya Janata Party member Nishikant Dubey has called for a probe into their sources, including in the possible role of Pakistan's Inter-Services Intelligence and China.
India on Wednesday said that developed and developing countries should now 'close their differences' and move forward after the Cancun debacle but felt more 'transparency' in decision-making process was needed at the WTO to help towards this end.
Gaikwad, who was Dharavi MLA before being elected to the Lok Sabha in the 2024 general polls, also alleged the redevelopment project was real estate's biggest scam.
In its master circular on general insurance products, which takes immediate effect, Irdai specified, 'The customer may be required to submit only those documents directly related to claim settlement.'
The Delhi high court on Friday advanced to December 10 the hearing on pleas to declare the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund a 'State' under the Constitution and a 'public authority' under the Right to Information Act to ensure transparency in its functioning.
Investors should match their investment horizon with the fund's portfolio duration.
Justice Sanjiv Khanna 'belongs to that school of legal luminaries who give the highest primacy to facts.'
In June, Google received 36,265 complaints - the highest till now - from individual users located in India via designated mechanisms. It removed 83,613 pieces of content as a result of user complaints in the said month.
The Election Commission (EC) had, in 2019, flagged its concerns in the Supreme Court on the changes made in several laws relating to political funding to facilitate the electoral bonds scheme, saying it will have 'serious repercussions' on transparency.
A comparative analysis of the two companies' rankings on three parameters reveals why ONGC slipped in ranking
Sources said former Congress chief Sonia Gandhi will write to Prime Minister Narendra Modi for early passage of the bill in the Lok Sabha during the upcoming session as the same has already been passed by the Rajya Sabha.
Poor disclosure among India-listed firms is a turnoff for foreign investors.
Modi, who met the ministers-designate, said people have huge expectations and everyone will have to deliver, sources said.
The dashboard system introduced by Modi has ensured that everyone gets information about ongoing schemes online without filing RTI applications, Shah said.
According to the CJI, once someone has a sense of faith in his/her intentions and abilities, it is easier not to obsess over outcomes but to value the process and the journey towards those outcomes.
'Advertisers will be prohibited from running political ads -- electoral or issue-based -- until they are authorised,' Facebook said
Alleging that the West Bengal government headed by Chief Minister Mamata Banerjee has failed to carry out its basic duties to protect the lives and properties of citizens, Governor C V Ananda Bose on Wednesday said that his office is already intervening in the RG Kar impasse under provisions in the Constitution.
Despite Banerjee's promise of a transparent investigation, the protesters criticised the delay, demanding a judicial inquiry, capital punishment for the culprits, and adequate compensation for the victim's family.
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis, mainly due the impact of the Reserve Bank of India's ban on services of Paytm Payments Bank.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
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