In his first two years, Tyagi, a Himachal Pradesh cadre IAS officer, has implemented challenging stock market reforms and taken action against high-profile corporate entities.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Five key capital market announcements from the previous Budget.
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.
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
Pranabda hasn't given us any indication of the tough period when he realised Sonia Gandhi had decided to give the presidency not to him, but to then vice-president Hamid Ansari. He wrested the presidency from her, and handed her the biggest defeat of her UPA years, observes Shekhar Gupta.
In 2010, ministry told its officers nominated on PSB boards to stay away from big-loan panels; central bank followed suit.
'Our people are crazy about cricket, but they are more crazy about their country, and their armed forces.' 'To the people of India, there is nothing that is above the nation, not even cricket.'
'Since the bilateral deficit is a reality -- and a worry -- we need to find a way to deal with it,' says Ravi Bhoothalingam.
AirAsia India began operations in June 2014.
After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
The chargesheet names 14 accused, including the Congress leader's son Karti Chidambaram, Peter Mukherjea and Indrani Mukerjea.
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
There is no one way to describe the 12 months that have gone by since India reported its first Covid-positive case on January 30, 2020.
'Whether we like it or not, coronavirus is knocking on the door. We only have two weeks, a month if we are lucky, to prepare for its spread.' 'The US wasted this opportunity and is facing spreading virus and economic meltdown,' notes Sonalde Desai.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
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Sebi on Monday decided to declare illegal mobilisation of funds as a "fraudulent and unfair trade practice".
Govt to chalk out entry of sovereign funds from Abu Dhabi, Qatar into such projects.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
Board meetings of two holding companies stayed.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
Thomas Cook (India) Ltd on Friday gave its clearance to the proposal of Dubai Financial, a subsidiary of the Dubai Investment Group, to make a public offer to acquire shares of the company.
Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs.
In a circular issued on Thursday, Sebi said that the remaining locations would be covered in the second phase by March 1, 2013.
He reaffirmed the government's commitment to resolving any outstanding issue in the way of growth and development of indigenous defence industries.
The divestment target remaining unchanged, from the 2019-20 interim Budget, this year means the Centre will now have to depend on non-tax revenue sources like dividends from the RBI, PSBs and PSUs, as there are real concerns of a tax revenue shortfall. The fiscal deficit target of 3.4% of GDP for 2019-20 is likely to be retained as well.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
Sebi's move to reduce time period required between subsequent QIPs to two weeks would help companies raise capital at regular intervals and time their share sale better.
While most brokers have upgraded their backend systems to trade, their front-end systems have not been upgraded. They are not compliant with Sebi's interop circular of November 2018 and no one seems to be either aware of this, nor has anything been done about it so far, explains Debashis Basu.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
Key relaxations traced in final regulations.
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