'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'
The names of all the 3.30 crore applicants as per draft NRC and supplementary list of inclusions and exclusions (final NRC) have been published.
Insurance companies will find it difficult to deny claims to policy holders on 'flimsy' grounds once the Parliament approves the amendment to the Consumer Protection Act, a ministry official said on Monday.
There is no duplication in simultaneous investigations being done by CBI and Enforcement Directorate into the multi-crore Satyam Computer scam, Corporate Affairs Minister Salman Khurshid said on Thursday.
Another Indian national, who was among about 15 people held hostage in a popular Sydney cafe and later rescued, was also an Infosys employee.
These companies are not registered with RBI or the Securities and Exchange Board of India, the key agencies regulating the financial markets.
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Govt may grant infrastructure status to the aviation industry to enable it to access finances at cheaper rates
ED orders Chanda Kochhar to appear with asset lists also provide income-tax returns in her individual capacity and of companies if she was a director or held any position.
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
Concerned over violence in Jammu and Kashmir in last four days, the Centre on Saturday decided to rush 3,600 additional paramilitary personnel to the Valley and asked the state government to ensure that there is no further loss of lives.
States and Union Territories have been given the powers for delineation of Red, Green and Orange Zones as per COVID-19 situation, the MHA said. All shops, except those in containment zones and malls, will be allowed to open from Monday with staggered timings during lockdown 4.0, it said.
A draft proposal by the sub-committee of the insolvency law committee has recommended that the corporate debtor (CD) may initiate the prepack since it may prove difficult to implement if creditors are allowed to do so without the willingness of the promoter.
Several Indian companies might have to set aside 2 per cent of their average net profits during the preceding three years to meet corporate social responsibility (CSR) spending requirements. A parliamentary standing committee on finance, which vetted the Companies Bill, 2009, said in its report that the ministry of corporate affairs has agreed to the suggestion.
The new Diageo management had asked Vijay Mallya to step down.
The finance minister is ready to present a second financial package. The Centre has ruled out a mega stimulus and will rely on targeted, incremental packages. Industry is clamouring for a bailout, the liquidity upheaval in capital markets is nowhere close to being sorted out, and all budgetary forecasts now stand irrelevant, reports Arup Roychoudhury.
Ministry of Corporate Affairs suggests overhaul of rules for independent directors.
As states grapple with a shortage of coronavirus vaccines, the Centre on Thursday said that over two billion doses will be made available in the country in five months between August and December, enough to vaccinate the entire population.
However, many of these firms were facing an uphill task of convincing the people on the ground to return to work, as many are apprehensive of their safety.
Both Corporate Affairs and Finance Ministries are studying the feasibility of implementing the FMC's proposals.
A preliminary report on the investigations is likely to be submitted soon by SFIO, but the final report may take little longer, Corporate Affairs Minister Sachin Pilot said.
Wilful defaulters, responsible for non-performing assets for over a year, would be prohibited from taking over an insolvent company.
As on February-end of 2014, 2.69 lakh companies were shut, while 28,178 firms were in the process of being closed.
The auditor will also investigate into the circumstance under which Coffee Day Enterprises late founder V G Siddhartha had written the purported letter dated July 27, 2019, alleging harassment by the Income Tax department.
The data was not available for a couple of days and it created panic in the public, mostly among the people excluded from the list as the rejection certificates were yet to be issued.
New Companies Bill to propose equal responsibility of auditors, firms.
The Registrar of Companies has given a clean chit to Reliance Industries, while disposing of complaints that its merger with Reliance Petroleum would benefit only promoter Mukesh Ambani.
DIPP's proposal is believed to have the support of the ministry of consumer affairs, food and public distribution and was originally mooted by the Forward Markets Commission.
When word got around in the ministry of external affairs that Siddhartha and Malavika were going to New York and would be with SM Krishna, protocol officers went to Delhi airport to see off the couple. Siddhartha chided them for doing so and when the officials said a government vehicle would be picking them up at John F Kennedy airport on arrival, he told them that he would take a taxi to reach the New York Palace hotel where his father-in-law was staying. K P Nayar reports.
The talks between Singh and Esper came a day after Prime Minister Narendra Modi held a telephonic conversation with US President Donald Trump.
The government had constituted a one-man probe panel to look into Walmart's lobbying activities, after a political furore over the issue late last year.
The announcement was made by Corporate Affairs Minister P C Gupta, whose ministry had earlier moved the Company Law Board to disband the erstwhile Satyam board after disclosure of fraud by company founder Ramalinga Raju
However, financial flows to the economy remained constrained because of decline in the amount of equity finance raised from the capital markets and stress in the NBFC sector, Finance Minister Nirmala Sitharaman pointed out.
Data from market research agency Nielsen shows that 152 new players entered the hygiene market in March as the lockdown was implemented to contain the spread of the coronavirus disease. The trend is expected to continue, the agency says, as hygiene and health emerge as key themes.
The RBI is understood to be dithering since it would want more clarity on the cost of the fiscal policies the new government would undertake before it decides to cut rates, even though it has pencilled in a lower gross domestic product growth rate for this fiscal year.
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
It is difficult to recall an Indian minister in modern times pushing back at the US publicly, observes Ambassador M K Bhadrakumar.
Currently, the ministry has not set any limit for the tenure of independent directors.
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
Since he handled telecom, mining, shipping and transportation industries, we are looking into all his activities at the ministry. This could possibly be a case of industrial espionage," a senior police officer of the special cell, involved in the case's investigation told rediff.com.
