The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
'Coupled with e-filing procedures it would really enhance the ability of the judiciary to provide speedier justice.'
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
The rival promoter group and the entire block of public institutions voted against Basant Jhawar.
The Securities Appellate Tribunal adjourned the hearing on RIL plea against SEBI in the insider trading case, for the fourth time in a row, to July 22 as the company sought more time to file its response.
Lenders say settlements will cross over 100 accounts in the March quarter.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
The environment ministry till May 2014 (still under UPA) ordered that cases like Vedanta's expansion plans need to consult people. But in December 2014, the NDA government reversed this position and in March 2015 the environment ministry extended Vedanta's environmental clearance till December 2018. This it did even while the question of the need for public hearing by projects in different kinds of industrial parks was being contested in the courts. This allowed the company to carry out construction.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
'Apart from Satya -- which was a very good film -- Manoj Bajpayee has not featured in any hit in the 10-12 years of his career. Who is he to talk about my career? He should worry about his own.' CBFC chief Pahlaj Nihalani lashes out.
"It is clear that a pujari in a temple does not do any manual, unskilled, skilled, technical, operational, clerical or supervisory work," Justice Shiv Narayan Dhingra said setting aside an order passed by the Industrial Disputes Redressal Tribunal.
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Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
The gas dispute between the Ambani brothers is hurting global investors' confidence in India, says an industry report, urging the government to set priorities for the usage of gas and the pricing to prevail.
Rules for mining, roads, power and irrigation projects relaxed.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
The ease with which city-level master plans are altered and land-use patterns changed without considering carrying capacities or the overall environmental footprint of urbanisation in different states has already created water and air pollution crises in several emerging and existing cities.
Since Reliance senior counsel Janak Dwarkadas could not be present in the courtroom due to a medical emergency, the company sought adjournment, following which the tribunal agreed to hear the matter on April 16.
The company said that intense competition following the disruptive entry of a new player, legal and regulatory challenges, high level of unsustainable debt and increased losses had together caused significant "negative business and reputational impact".
The NGT directed the Delhi govt not to implement the scheme unless it established that it was not counter-productive.
'Sharing of water from a river which flows through several states is a crucial challenge which comes in the way of maintaining the spirit of good neighbourly relations.'
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
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At the last hearing on October 11, SAT had suggested to Sebi to look at considering the RIL application for a consent settlement that allows companies and individuals to settle disputes by paying a fine without admission or denial of the alleged wrongdoing.
The Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
Adani Wilmar's bid was approved by the committee of creditors of the bankruptcy-bound Ruchi Soya with about 96% votes in favour
Even as there is strong public sentiment against reopening Sterlite's copper plant in Tamil Nadu come reports that four farmers groups have come out in support of the factory.
Prez assent to Gujarat labour law with contentious provisions.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Cable operators body has demanded an equal footing with the DTH players.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
The order, a "negative" overall, will be a short term positive for corporate focused state-run and private lenders because of the possibility of delaying incremental stressed asset recognition.
The RBI, according to the source, wants details on the procedure followed for credit appraisal by the bank while giving loans to Videocon.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
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