The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
The Centre's push to sell Air India on priority has led to delays in other strategic divestment proposals, such as privatising United India Insurance, as well as ongoing transactions, such as Shipping Corporation of India (SCI) and Bharat Petroleum Corporation (BPCL), revealed multiple officials involved in the process. The Department of Investment and Public Asset Management (DIPAM) is yet to take new privatisation recommendations of the NITI Aayog to the core group of secretaries on disinvestment (CGD) headed by the Cabinet secretary, said one of the officials. The priority now is to ensure all approvals for Air India are in place since the government intends to hand over the national carrier as early as this month.
Amazon has filed a legal challenge at the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) suspension of the US e-commerce giant's 2019 deal with Future Retail (FRL). Amazon has challenged the CCI order on at least five grounds, and the matter is likely to be listed this week, according to the sources. Parallelly, Amazon's Indian unit has approached the Supreme Court against a halt on an arbitration case against Future Retail's (FRL) asset sale to Reliance Industries (RIL).
Nearly a decade ago, the first fully electric vehicle (EV) caught fire on the road in the US. It was a model from Tesla, the world's most admired EV maker. A metal fragment punctured the underbelly of the vehicle, penetrating its battery pack, leading to a fire. Indian lawmakers and automakers have had nine years to study the incident (in fact, three Tesla Model Ss caught fire in two months in 2013) but seem to have learnt little.
Imran Khan on Sunday announced that his party will resume the march to Islamabad from the same spot where he survived an assassination attempt but sustained bullet injuries during a rally in Punjab province, saying he prefers 'death instead of living the life of a slave'.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
'So you have welfare programmes, you reach out to the poor, you cut out the middlemen, you cut out the leakages and you try to raise the standard of living.'
The Aam Aadmi Party on Tuesday alleged that the Indian Army was using caste as a factor for recruitment under the Agnipath scheme, drawing a swift rebuttal from Defence Minister Rajnath Singh who rejected the charge as a "rumour".
The Yoga Federation of India contended that the recognition granted to the National Yogasana Sports Federation is arbitrary and suffers from malafide intentions.
The system of 'selecting' an election commissioner, which is before the Supreme Court, must be institutionalised.
The Office of the United Nations High Commissioner for Human Rights has approached the Supreme Court seeking to intervene in the hearing on the Citizenship (Amendment) Act, saying there was a need to take into account the "international human rights law, norms and standards" in the proceedings.
In a strongly-worded reaction on the issue, Spokesperson in the Ministry of External Affairs Anurag Srivastava said India has repeatedly called on Pakistan to give up its 'obfuscation and dilatory tactics' in discharging its international obligations in the trial of Mumbai terror attacks.
'Chief Minister Rio is holding the Naga Peace Accord hostage with his tacit support to the NSCN-IM, egging them to refuse to accept a solution within the Constitution.'
Queen Elizabeth II, who died aged 96 on Thursday, was the first British monarch to accede to the throne after India's Independence from colonial rule in 1952 and admired the 'richness and diversity' of India where she made three State Visits over the course of her reign -- in 1961, 1983 and 1997.
Queen Elizabeth II made 3 State visits to India -- in 1961, 1983 and 1997.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
The government also wants to ensure that content meant for radicalising youths, from outfits like Islamic State, doesn't find circulation in India.
In a massive setback for the country, world football governing body FIFA on Tuesday suspended India for "undue influence from third parties" and said the Under-17 Women's World Cup "cannot currently be held in India as planned."
Hitting out at Prime Minister Narendra Modi over the issue of tax cuts on petroleum products, Tamil Nadu Chief Minister M K Stalin on Thursday said people were aware of the fact behind the issue and pointed out at his government effecting a Rs 3 a litre cut on petrol earlier.
Complaints to NCM fall down sharply...4,000 Indian women deserted by NRI husbands since 2016...79 districts in India still don't have blood banks...
Danish Siddiqui, in his early 40s, was killed during clashes in Spin Boldak district in Kandahar, Tolo News quoted sources as saying.
Neither the ruling DMK nor the fractured AIADMK Opposition anticipated that an assembly by-election would put them both to test, observes N Sathiya Moorthy.
The UK said the deployment of the carrier strike group marks the start of "a new era of defence cooperation with allies in India and the Indo-Pacific."
'The BJP has sent out a message that its allies are at its mercy.' 'The allies cannot pressurise or bargain with the BJP any more,' says Mohammad Sajjad.
This comes as flight services from the UK to India have been suspended till December 31 over the spread of a new strain of coronavirus in London and England.
The Supreme Court on Friday directed the Centre to deposit in its account the compensation given by Italy for the kin of two Indian fishermen killed by Italian Marines off the Kerala coast in February 2012.
Altogether 160 MLAs voted in favour of the confidence motion while no vote was cast against the same.
Paris attacks took the centre stage at the G20 Summit on Sunday with Prime Minister Narendra Modi calling for a united global effort to combat terrorism as world leaders joined a clarion call to eliminate ISIS network.
The inaugural Sangamam turned out to be a political Hindutva function than a gathering on the Hindu religion, observes N Sathiya Moorthy.
Union Minister of Environment and Forest Prakash Javadekar on Friday expressed anguish over the unabated poaching of the rare one-horned rhinoceros in Assam's Kaziranga National Park and the rapid shrinking of forest cover in the northeast region.
Santosh Patkar of Devgadh Taluka Sindhudurg district of Maharashtra is a worried man these days. Devgadh, which is known as the home to world famous Alphonso variety of mangoes, has seen an unusual drop in yields which is affecting farmers' income. Being one of the primary agricultural produce from the area, Santosh is not untouched by this somewhat rare phenomenon. He said in his own mango garden, yields have come down by a third from most trees.
BJP general secretary Arun Singh said that during the course of the meet, discussions will be held on farm laws, Aatmanirbhar Bharat and upcoming state polls.
'The continuous and mysterious praise of the BJP and the chief minister by AIUDF leadership and senior members have affected the public perception of the Congress party'
The External Affairs Ministry on Thursday discarded the article titled 'India's embarrassing North Korean connection' by Nilanjana Bhowmick in Al Jazeera, a Doha-based broadcaster, saying the insinuation regarding New Delhi's assistance to North Korea in United Nations proscribed activities is 'baseless and without any merit.'
The Congress on Monday took a swipe at the National Democratic Alliance government over its proposed move to give a quiet burial to the United Progressive Alliance dispensation's controversial move to order a probe into the Snoopgate affair, saying it was "quite natural" after the change of guard at the Centre.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
'As long as we have such partners, Russia cannot be isolated.'
The Union Cabinet has approved amendments to the General Insurance Business (Nationalisation) Act, paving the way for privatisation of government-owned insurers. The amendments, approved by Cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time. It will also have an enabling provision for the transfer of management control from the government to the potential buyer of the public sector insurance company. The finance ministry will move amendments to the insurance Act in the ongoing Parliament session.
On Sunday the Ukrainian Tennis Federation urged the sport's governing body the International Tennis Federation (ITF) to immediately expel Russia and Belarus from the organisation and ban Russia from team and individual tournaments. Also, athletes from Ukraine and other nations have called on the International Olympic Committee (IOC) to suspend Russia and Belarus and ban their athletes from events immediately.
Thirteen years after their small car project was forced out of West Bengal following the anti-land acquisition movement in Singur, Industry and IT Minister Partha Chatterjee has said talks are on with the Tatas for big-ticket investments in the state. Underscoring job creation as the TMC government's top priority, Chatterjee also said incentives to companies will depend on ability to generate employment. He said the Mamata Banerjee dispensation wants two large manufacturing units to be set up by any prominent industrial house at the earliest. "We never had any enmity with the Tatas, neither we fought against them. "They are one of the most respected and biggest business houses of this country and also abroad. "You can't blame the Tatas (for the Singur fiasco).
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