'The Indian side has realised that not talking to Pakistan has not served any useful purpose.'
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
Centre might move swiftly on its next round of strategic sales in CPSEs
The Joint Parliament Committee report, tabled in Parliament on Thursday, has indicted former finance secretary Ajit Kumar for failing to resolve in time the redemption problem of the Unit Trust of India.
'They have helped stabilise our market by acting as a counterbalance to foreign funds.'
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
Pakistan's ambassador to the United States Husain Haqqani has said that Islamabad is worried by the strengthening Indo-US ties.Describing Indo-US ties as 'robust' and 'multifaceted', Haqqani pointed out that strong ties between India and the US is one of the biggest causes of worries for Islamabad. Pakistan is wary of the Indo-US relationship, which is robust and multifaceted, and the US would have to treat Pakistan at par to win over Pakistani trust.
UTI-I will not offload its holding in UTI Bank Ltd and instead be part of the UTI brand to exploit business synergies.
The biggest winner was Lok Sabha Speaker Sumitra Mahajan who ran her ship with self-confidence and aplomb.
The government has earmarked about Rs 3,500 crore for foreclosing seven assured return schemes of Unit Trust of India but feels that cash outgo would be nominal going by the experience of flagship scheme US-64.
Unit Trust of India is likely to offer similar tax-free bonds but with lesser returns to seven assured return schemes
The returns from liquid funds, currently, look better than what savings accounts of leading banks are offering, points out Sarbajeet K Sen.
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
The list of the 314 MPs, however, does not include Lok Sabha Speaker Sumitra Mahajan, who is also a BJP MP, they said. The majority mark is 268.
Maharashtra is the BRS' first target.
Stalin, along with senior leader K N Nehru began the fast at 9 am at Uzhavar Sandhai grounds.
But there is a possibility of conflict of interests in the theoretical sense.
If elected, he will be the second All India Congress Committee president from Karnataka after S Nijalingappa, and also a Dalit leader to hold the post after Jagjivan Ram.
The board of the Unit Trust of India on Monday formed a three-member sub-group to study the Joint Parliamentary Committee's report on UTI and suggest an action plan in about a month's time.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
Sukanya Verma raises a toast to the man and his movie magic.
England, who were blown away by the visitors at Southampton, will back themselves to make a strong comeback.
Will he, will he not? That is the question on every Congress leader's mind as Rahul Gandhi has still not indicated whether he is ready to take on the mantle of party president.
Ambassador Asoke Kumar Mukerji has taken charge as India's new Permanent Representative to the United Nations and presented his credentials to Secretary-General Ban Ki-moon who lauded India's role as a "long trusted partner" of the multilateral system.
'Many said his visit was very risky. But mercifully, Air Force One has taken off from Delhi without Mr Trump stepping on anybody's toes,' notes Ambassador T P Sreenivasan.
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