With the amendment, firms like EY and Deloitte can work as resolution professionals instead of only their partners enrolling as insolvency professionals.
The government has allowed oil companies to raise diesel price by 50 paise a litre per month; bulk users to be charged market price.
'There was no fight between the Shiv Sena and her.' 'But if she is still targeting the Shiv Sena, then only she can talk about the reason behind it.'
'It is unclear whether clothing or home items qualify as essential items. A lot of professionals are working from home, and they need electronics for their productivity. Does this qualify as essential?'
IOC and other oil firms have been paying LPG consumers in 54 districts up to Rs 500 to help them buy a 14.2-kg cooking gas refill at market price, which is more than double of Rs 410 per bottle rate in Delhi.
FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.
The maximum death toll has been reported from Idukki district, where 43 people have lost their lives so far, as per official estimates. 28 deaths were reported in Malappuram and 27 in Thrissur.
Narendra Modi's ministry expansion makes disdain clear for others who are supposedly allies, quite unlike the Vajpayee-led National Democratic Alliance.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from divestment proceeds in the Budget for 2020-21.
Cash withdrawal limits likely to continue
The government will announce minimum support prices for kharif.
In rural areas, the poverty ratio was estimated at 28.3 per cent whereas in urban areas it was 25.7 per cent, stated V Narayanswamy, Union Minister of State for Planning and Parliamentary Affairs in Rajya Sabha on Thursday, in response to a question by independent member Parimal Nathwani.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
The bill was passed with 165 voting in favour and 7 against it.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
While the Union Cabinet had in November last year approved the sale of the government's entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7. The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On Wednesday, the government said this deadline is further being extended up to July 31.
The Union home ministry on May 13 had declared that these canteens will only sell indigenous or "swadeshi" products from June 1 in a bid to give fillip to domestic industries.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
'In enacting the citizenship law, the BJP's focus has been so much on consolidating its Hindu vote bank all over the country to divert attention from the economic downturn that the party forgot that there are Hindus and Hindus and that one group of Hindus may not always be warmly embraced by another,' notes Amulya Ganguli.
'These provisions may even be seen to be a threat to burgeoning businesses, since they would view every announcement of a rate cut as a starter's pistol that triggers a long race to adjust prices and to justify the adjustment,' argue Rashmi Deshpande and Anjali Krishnan.
Bengal Finance Minister Amit Mitra expressed confidence in GST.
'This (opposition to the project) is not just architects, but everyone needs to know more.' 'We need to be allowed to participate, maybe, you can ignore what we have to say, that's your decision.' 'At least follow the process.
IOC along with HPCL and BPCL took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.
Both industrial and domestic consumers will have to shell out more money for electricity following a hefty 14 per cent hike in the royalty that states charge on coal, the major input for power generation.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Both Houses have been witnessing a ruckus over the Rafale fighter jet deal and Cauvery river issue, among other matters.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
Prime Minister Narendra Modi will launch his dream 'Swachh Bharat' campaign on Thursday.
Patanjali, the lone player left in contention after the exit of Adani Wilmar, had last month increased its bid value by around Rs 200 crore to Rs 4,350 crore for Ruchi Soya.
The minister clarified that she had not favoured the former IPL chief and all such allegations were 'baseless'.
Chief Minister K Chandrashekar Rao's son and Municipal Administration Minister K T Rama Rao said he would 'personally monitor the case'.
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
Deputy CM Manish Sisodia says it's the 'biggest failure of our system'.
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
"The Corporation has decided to offer a voluntary retirement scheme, with a view to enable employees who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation," Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
'Urjit Patel's appointment is a right decision and in the interest of the country.'
It is hard enough to make a profit in e-commerce without having to deal with excessive paperwork, legal fees and the constant threat of harassment by revenue officials.
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