The Government of India has decided to launch a massive rural public works scheme, 'Garib Kalyan Rojgar Abhiyaan', to "empower and provide livelihood opportunities to the returnee migrant workers and rural citizens". Prime Minister Narendra Modi will launch this scheme on June 20 through video conference in the presence of Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Kumar Modi.
The central government is looking to strengthen the boards of public sector banks (PSBs) by specifying terms of office and conditions of service for whole-time directors, and also seeking disclosures from all directors about interests in other companies. Through the Banking Laws Amendment Bill, the government is likely to introduce conditions for disqualification of whole-time and independent directors which are not specified in the current legislation. The Centre is seeking to introduce fresh changes that are aimed at strengthening the boards of PSBs, and holding their directors accountable, an official said.
'Indian families' needs and expectations have gone through a revolution across economic demographics.' 'As this latest Modi-Sitharaman Budget demonstrated, politicians have understood this change. They are responding to it,' points out Shekhar Gupta.
IBC-oriented pre-packs, the other mechanism under consideration, are a mix of out-of-court restructuring and a formal insolvency process, say experts.
The Central Bureau of Investigation (CBI) on Friday issued summons to Trinamool Congress secretary general and senior West Bengal minister Partha Chatterjee in connection with the I-core ponzi scam, sources in the agency said.
'The only thing that makes Nitish Kumar acceptable to Biharis, to the Mahagatbandhan allies, is the BJP.'
During the first wave, when people were following lockdown guidelines suggesting that they stay where they are, the Congress was standing at Mumbai station and scaring innocent people, he said.
Sebi on Wednesday barred Kishore Biyani and certain other promoters of Future Retail Ltd from the securities market for one year for indulging in insider trading in the shares of the company. Apart from Kishore Biyani, who was the CMD and promoter of Future Retail Ltd (FRL), others facing ban are Future Corporate Resources Pvt Ltd, Anil Biyani and FCRL Employee Welfare Trust. In addition, the regulator has imposed a fine of Rs 1 crore each on Kishore Biyani, Anil Biyani and Future Corporate Resources. Besides, they have been asked to disgorge Rs 17.78 crore for the wrongful gains made by them.
The highest polling of 72.35 per cent was recorded in Sirmour district followed by 68.48 per cent in Solan and 67.67 per cent in Una and 67.5 per cent in Lahaul and Spiti. The high-altitude district of Lahaul and Spiti had recorded 21.95 per cent, the lowest, till 1 pm, but polling was brisk as the sun came out.
A day after Congress leader Rahul Gandhi said both Rajasthan Chief Minister Ashok Gehlot and his former deputy Sachin Pilot were "assets to the party", the CM on Tuesday suggested that the matter rests there.
The manifesto, released by BJP national president JP Nadda, promised to protect "genuine Indian citizens and to detect infiltrators" to ensure the Ahom civilization stays safe.
Here are some top quotes from Prime Minister Modi's speech in the Lok Sabha.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
Future Retail Ltd (FRL) on Tuesday said it will explore all legal remedies to pursue its Rs 24,713-crore deal with RIL following a Delhi high court order directing status quo to be maintained till the court pronounces its order. Earlier in the day, a Delhi high court bench of Justice J R Midha directed FRL to maintain status quo in relation to its deal with Reliance Retail that has been objected to by US-based e-commerce giant, Amazon. Amazon welcomed the latest court directive.
The Congress won 77 seats or 42% of seats in the 2017 polls. How then can Gujarat be called a BJP bastion, asks Sanjeev Nayyar.
BJP leaders, from Union ministers to its MPs, MLAs, all elected representatives besides organisational members, will fan out across the country to attend the programme and speak to farmers as well.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'
Speaking during a video interaction with Pradhan Mantri Garib Kalyan Anna Yojana beneficiaries from Madhya Pradesh, he also said that there was 'vikriti' (distortion) in the system of the previous government.
'Dharavi will be completely slum free by 2040'
Maharashtra Chief Minister Eknath Shinde on Monday said the state should stand firmly behind people in the Marathi-speaking areas of neighbouring Karnataka and appealed to political parties not to behave in a way that would hurt them.
In a significant development, the Competition Commission of India (CCI) on Friday suspended its more than two-year-old approval for Amazon's deal to acquire stake in Future Coupons Pvt Ltd and also imposed a Rs 202 crore penalty on the e-commerce major for certain contraventions. This comes amid a bitter legal battle between Amazon and Future Group over the latter's proposed Rs 24,713 crore-deal with Reliance Retail Ventures Ltd (RRVL). Against this backdrop, Future Group had complained to the CCI.
After the NHB asked housing finance cos to desist from offering interest subvention schemes, disbursement of loans are likely to get delayed, points out Tinesh Bhasin.
Bhupesh Baghel said about his father that he respected his father as a son, but as a chief minister, none of his mistakes that will disturb public order can be ignored.
Given the fiercely competitive political environment, observers naturally associated an element of appeasement with the Shinde government's move, Shyam G Menon points out.
Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company's share price. In its order, the regulator restrained Sunrise Asian and its then five directors from the capital markets for one year and the 79 connected entities for six months. The Securities and Exchange Board of India (Sebi) had conducted an investigation in the scrip of Sunrise Asian for the period from October 16, 2012 to September 30, 2015, based on a reference received from the Principal Director of Income Tax (Investigation), Kolkata.
The Supreme Court on Friday dismissed a plea seeking stay on further sale of electoral bonds ahead of assembly elections.
This race among parties to woo the farmers mainly stems from the analysis of political pundits that the peasant class played a crucial role in the defeat of the BJP in Rajasthan, MP and Chhattisgarh.
Labour ministry guidelines say workers returning to cities must get housing, health insurance, facemasks. The Centre has also asked states to issue guidelines to employers to take care of the needs of migrant workers.
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd. The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting. The result of the voting will be announced in due course, it added.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Scorching heat and delayed monsoon have crippled Chennai and other parts of Tamil Nadu with an acute water crisis.
Stalin, like his father M Karunanidhi did in 2004, may play the king-maker in a way -- not the king, unless the 2024 post-poll circumstances throws up a situation where he alone becomes acceptable to the rest, observes N Sathiya Moorthy.
Reliance Power is at odds with the Securities and Exchange Board of India (Sebi) over the restructuring process involving its fully-owned subsidiary, Reliance Clean Power.
Modi was on his first visit to Ayodhya after he laid the foundation stone of a Ram temple at the once disputed Ram Janmabhoomi site on August 5, 2020.
The official expressed hope on the success of the five vaccines that are under different phases of trial in the country.
The states need to identify the children in distress through outreach and surveys and prepare a database with a profile of each child, along with the details of their specific needs and requirements, and ensure that the data is uploaded on the Track Child portal.
The Parliament on Tuesday unanimously passed the bill to restore the power of states and union territories to prepare and maintain their own list of socially and educationally backward classes (SEBCs).
According to the company's filing to bourse, in consideration of the demerger HMFCL will issue and allot to the shareholders of HML, one equity share of Rs 5 each in HMFCL credited as fully paid up for every 13 equity shares of Rs 5 each fully paid-up held by them in the capital of HML.
