Delhi Chief Minister Arvind Kejriwal said on Thursday night his government plans to introduce Jan Lokpal bill in the assembly on Friday and renewed his threat of resigning if the proposed legislation was defeated by Congress and Bharatiya Janata Party.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
Parliament proceedings were adjourned for the day following disruptions by Opposition parties which raised slogans on the Pegasus snooping row and the farmers' issue by gathering in the Well of the House.
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
The government on Tuesday asserted in Lok Sabha that it was ready to discuss issues related to farmers both inside and outside Parliament amid vociferous protests by the Opposition which forced repeated adjournments of both the Houses.
Not granting a stay or quashing the Centre's notification clipping AAP administration's powers, the Delhi high court on Friday directed the Lt Governor to "deliberate" on the city government's proposals on appointment of senior bureaucrats to key posts.
'The transactions were done in a circuitous route deliberately and most of the companies involved in it are Reliance ADA group firms.'
The statement from the CBDT came as raids on the homes and offices of Bollywood actor Taapsee Pannu, director Anurag Kashyap and his partners who launched the now shuttered Phantom Films continued in Mumbai, Pune and Hyderabad for the second day. The searches also covered some executives of celebrity and talent management companies KWAN and Exceed, officials said.
The CBI and ED are keeping a close eye on several bank accounts.
The ruling People's Democratic Party has also used Twitter to put out press releases and at times counter the criticism levelled by opposition parties.
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
Abhishek Banerjee, Trinamool Congress MP and nephew of West Bengal Chief Minister Mamata Banerjee, was questioned for about nine hours by the Enforcement Directorate (ED) in New Delhi on Monday in a money laundering case linked to an alleged coal pilferage scam in the state.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Suppose you have transferred money to your trading account but did not use it to buy securities, the broker could misuse this money, warns Sanjay Kumar Singh.
The move came at a time when deliberations between the Congress, the NCP and the Shiv Sena seemingly reached the final stage on Friday.
There was no let up in Opposition's protest over the demonetisation issue in the second week of the winter session of Parliament as parties insisted that no discussion on demonetisation would take place till the House mourns the nearly 70 deaths caused by hardships due to the withdrawal of higher denomination currency notes.
The Supreme Court on Thursday said it will hear on July 20 the Amazon plea against the Delhi high court verdict which stayed the directive by its single-judge and paved the way for the multi-billion dollar deal to amalgamate Future Retail Ltd (FRL) with Reliance Retail. A bench of Justices R F Nariman, K M Joseph and B R Gavai was informed by senior advocate Harish Salve, appearing for the Future group, that a Singapore tribunal will commence hearing on the issue from July 12 and requested that the proceedings on the appeals be adjourned for a week. Senior advocate Gopal Subramanian, appearing for the US-based e-commerce giant, said he had no problem if the hearing on the appeals was adjourned by a week, as they will be busy next week before the tribunal.
Congress on Tuesday said it will not support the Jan Lokpal bill if it is brought by the Aam Aadmi Party government in Delhi without following "constitutional norms".
It is doubtful that our political masters are even aware of the features of the Model Law.
Catch all the action from the Monsoon session of Parliament, LIVE
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
The bench said the AAP contention that the LG is bound to act on the aid and advice of Council of Ministers was "without substance and cannot be accepted".
For FY21, CSB is looking at growth of around 25 per cent and is confident of doubling it in two years. And it is also exploring options to acquire a mid-size bank with a good client base and branches in the north to acquire an all-India presence.
SBI got Rs 1.93 lakh cr in cash deposits from November 10-25.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
Snooping is one of the oldest peccadilloes of man, observes Ambassador M K Bhadrakumar.
ICICI bank waives ATM charges.
The Central Board of Direct Taxes on Friday directed tax officials to assess liability for those transacting in shares on the basis of principles laid down by the Authority of Advance Rulings (AAR).
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Budget proposal has put an end to the flourishing trade in STT, as STT is likely to be treated as any other deductible expenditure against business income.
Markets regulator Sebi on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other shareholders post an IPO. In a consultation paper, the watchdog has also suggested streamlining the disclosures requirement of group companies. The Securities and Exchange Board of India (Sebi) has sough comments from public on the proposals till June 10.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
The Delhi assembly witnessed unprecedented noise and cacophony on Friday as Chief Minister Arvind Kejriwal made a fervent attempt to table the Jan Lokpal Bill.
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