With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in the deadline to complete the corporate insolvency resolution process (CIRP), the RP of the company has now approached NCLT to initiate liquidation of Future Retail (FRL). "The resolution plan submitted by Space Mantra Private has not been approved by CoC of FRL, kindly note that, the Resolution Professional (RP) has filed an application, before the National Company Law Tribunal, Mumbai Bench, for initiation of liquidation of FRL," said a regulatory filing from FRL.
On one hand, Operation Greens should help to smoothen volatility in the prices of vegetables, whereas the proposal to enhance and extend minimum support prices to augment farmer incomes, may emerge as an inflation risk.
An office bearer of the all-powerful BCCI will now be paid a daily allowance of US$ 1000 on foreign tours and will fly first-class.
At present the people are allowed to worship once in a year only, he submitted before the court.
Finance Minister Arun Jaitley said it has been decided to fix the minimum wages at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas keeping in view the modalities of fixing minimum wages.
There hasn't been any dramatic moment in the first act (the Budget) but nobody would complain. It's par for the course as long as the figures don't change in the main Budget, which will be presented after general elections.
Appearance through video conferencing, refraining from making comments on the physical appearance and educational background of government officials and reasonable time frame for compliance of judicial orders are some of the suggestions enumerated in the Standard Operating Procedure (SOP) the government has submitted to the Supreme Court for consideration.
The ICC has decided that a revised version of a more robust and strengthened ICC Anti-Corruption Code will be submitted for approval at the January 2014 meeting, it was decided on Saturday.
'Our culture and faith is glorious, intricate and nuanced. And we have to be careful that it does not get defined by trivia which takes the focus away from the real and the true.'
The signatories to a letter sent to NCERT Director Dinesh Saklani include Kanti Prasad Bajpai, a former Jawaharlal Nehru University professor who currently serves as the vice dean at the National University, Singapore, Pratap Bhanu Mehta, a former vice-chancellor of the Ashoka University, Rajeev Bhargava, a former director of CSDS, Niraja Gopal Jayal, a former JNU professor, Nivedita Menon, a JNU professor, Vipul Mudgal, the head of civil society watchdog Common Cause, K C Suri, a former professor at the University of Hyderabad who is now associated with the Gitam University, and Peter Ronald deSouza, a former director of the Indian Institute of Advanced Studies.
The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick across cigarette categories, according to experts. This upward revision in National Calamity Contingent Duty (NCCD) would have negligible impact on smokers and the companies could easily absorb the shock as it may not also have any resultant impact on margins, they said. Finance Minister Nirmala Sitharama in the Union Budget for 2023-24 on Wednesday proposed to revise and increase the duty on cigarettes to about 16 per cent.
Rijiju made the remarks while responding to Delhi Chief Minister Arvind Kejriwal, who dubbed as 'extremely dangerous' the government's move to ask the Supreme Court to include its nominees in collegium.
Anti-infectives like Ivermectin, Mupirocin and Meropenem have also been added to the list, taking the total drugs under it to 384.
The decision, taken by the Cabinet at a meeting chaired by Prime Minister Manmohan Singh on Thursday, was based on recommendations given by the Second Pay Revision Committee. The package would include revision in Dearness Allowance and other allowances, besides performance related incentives, Minister of State in Prime Minister's Office Prithviraj Chavan told reporters.
'We created war rooms -- from an IT perspective and also a customer war room -- to address any challenges that come up.'
The Allahabad high court on Wednesday fixed December 5 for further hearing on a Gyanvapi masjid management's revision petition challenging a Varanasi court order on the maintainability of a plea seeking permission to offer regular prayers to idols of deities in the mosque complex.
'Bharat is a name that is 7000 years old.' 'We are not saying the name of the country should be changed from India to Bharat; we only recommended that the stress should be on Bharat.'
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
The Allahabad high court on Monday fixed November 30 for hearing a revision petition challenging the Varanasi district judge's order by which the lower court had refused the demand of carbon dating of a 'Shivling' claimed to have been found in the Gyanvapi mosque complex.
Bond markets, global as well as domestic, are likely headed towards hard times over the next three to six months, as higher vegetable prices, rising fuel costs, and improved wages may keep inflation hot, believe analysts, who expect the yields to hit 7.5 per cent in the near-term from the current 7.234 per cent. In this backdrop, they suggest investors can put in money in funds/instruments with residual maturity of 4 to 6 years, while longer-term investors can allocate cautiously to the longer end in the range beyond 7 years.
Pahlaj Nihalani tries to downplay his role in the Udta Punjab controversy.
Gail India subsidiary Mahanagar Gas (MGL) on Friday announced a steep reduction in the retail price of compressed natural gas (CNG) by Rs 8/kg and domestic PNG (piped natural gas) by Rs 5/SCM across its licenced area. The move comes on the heels of the Centre revising the pricing methodology of domestically-produced natural gas on Thursday as proposed by the Kirit Parikh committee and following it with the new price announcement earlier in the day. In February, the city gas distributor reduced its CNG price by Rs 2.5/kg but prices are still around 80 per cent more than those in April last.
Retail inflation rose to three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price Index (CPI) stood at 4.31 per per (revised upward from 4.25 per cent) in May and 7 per cent in June 2022. The inflation, however, remains within the RBI's comfort level of below 6 per cent.
The photocopies have to be verified by the district judge, the high court said.
The political parties including the People's Democratic Party, the National Conference, and the Congress had opposed this order.
Over 16 lakh employees working in over 240 central public sector undertakings can soon hope for a salary windfall, with the second Pay Revision Committee for PSUs expected to submit its report by this month end.The report of the sixth pay panel, which recommended an average hike of about 28 per cent to the Central government employees, is under government consideration.
ICICI Bank, the second-largest private sector lender and state-owned Indian Bank on Monday raised their lending rates across all tenors in anticipation of a rate hike by the RBI later this week. The rates have been increased across all tenors under the marginal cost of funds-based lending rate (MCLR) system, a move that will make EMIs expensive for those who availed loans benchmarked against the MCLR. Under the revised rates, effective August 1, ICICI Bank's one-year MCLR has increased by 15 basis points or 0.15 per cent to 7.90 per cent, while the overnight MCLR rose to 7.65 per cent, as per information posted on the bank's website.
Major portions of the film have been hacked off.
The agency filed the report before Special CBI Judge Bharat Parashar and said that it contains a detailed report of investigation being carried out in the case.
A number of academicians as well as political scientists Yogendra Yadav and Suhas Palshikar, who were part of the textbook development committee of the NCERT, had asked the council to drop their names from textbooks over 'several substantive revisions of the original texts'.
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
The SERT, an autonomous body of the general education department, is considering a decision by its curriculum steering committee to include these deleted portions in the state syllabus.
Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move. In a 163-page filing with stock exchanges relating to Deloitte Haskins & Sells LLP's resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies. However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are "completely independent".
The NCERT has dropped references to the demand for a separate Sikh nation of Khalistan from the class 12 political science textbook following objections from the Shiromani Gurdwara Parbandhak Committee (SGPC), according to top education ministry officials.
The Delhi State Environment Impact Assessment Authority (SEIAA) has granted environmental clearance to the proposal for the construction of the 'Executive Enclave' which will house the new Prime Minister's Office and Cabinet Secretariat.
The proceedings began at 11 am with two-minute silence for those killed in the ethnic violence between Meiteis and Kukis that began on May 3.
A Hinduja Group firm on Wednesday emerged as the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said. The bid by IndusInd International Holdings Ltd (IIHL) is higher than Rs 8,640 crore offer made by Torrent Investments in the first round of auction held in December last year. The other two suitors -- Torrent Investments and Oaktree -- did not participate in the second round of auction, sources said.
'Nearly 13,000 individuals have been charged for sedition since 2010.' 'If the Supreme Court stay ever gets vacated, arrests will follow immediately.'
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