Citing overlapping of functions, a parliamentary committee on Monday recommended integrating Central Vigilance Commission and anti-corruption wing of the Central Bureau of Investigation to work directly under the command and control of Lokpal to deal with corruption cases.
While salaried jobs are not lost easily, once lost they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry, notes Mahesh Vyas.
There was no postal intimation to unitholders who didn't have a registered email address, according to a letter that Midas Touch Investors Association sent to Sebi.
Only 40 per cent of the forensic information required was made available by PNB and as such, there is no way that one can put a cap on the total value of LoUs issued. He is the second Indian to be declared a fugitive economic offender, after liquor baron Vijay Mallya.
Rising bad loans continued to haunt public sector banks (PSBs) in the March 2016 quarter.
Of the 143 candidates contesting in the first phase of Chhattisgarh assembly elections, 15 candidates have criminal cases registered against them.
Amidst barbs flying back and forth, Rediff.com's Aslam Hunani lists all that you need to know about the fourth phase of the UP assembly elections, which will take place on February 23.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
People who have no access to or do not trust the financial system are the only ones for whom investing in gold makes sense, says Naval Goel.
It is rare for Cabinet ministers to tick off state-owned companies publicly, yet that was what then petroleum and natural gas minister Dharmendra Pradhan did for ONGC. Speaking at an event on June 29, Pradhan said he has asked India's premier exploration company to find fresh oil acreages fast. "Do it yourself through some joint venture (or) through a new business model. But the government cannot permit you to hold resources for an indefinite time." The reason for this stricture is India's rising dependence on imported oil and gas. Or, to put it another way, falling domestic production (see chart: "Crude truth"), especially from ONGC, which faces a simple problem.
Some reports said the man was Siddaramaiah's personal assistant staying at his house in Mysuru, but the chief minister's media advisor clarified in a tweet that he was a relative.
A breakdown of candidates in the first five stages of the election by the Association for Democratic Reforms and National Election Watch offers a fascinating insight into the declarations made by this year's Lok Sabha hopefuls.
Polling in Phase II of the Uttar Pradesh Assembly elections consists of 67 constituencies spread across 11 districts.
Asked whether India offered something to China for Azhar's listing, he asserted that India doesn't negotiate on matters related to national security. "Our objective was to ensure designation of Masood Azhar as global terrorist," he said.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
The average fall in 15 most-invested stocks by equity MFs was 5.7 per cent. Chandan Kishore Kant reports
With Supreme Court moving an appeal in the Delhi high court against the CIC order on making assets of its judges public, the Chief Justice of India K G Balakrishnan has made it clear that the judges 'are not bound to disclose' their wealth. "There is no statute or law which insists that the judges or the superior courts should submit declaration of their assets. Even then, our judges are submitting the declaration of assets to the Chief Justice," the CJI said.
About 50 per cent of the accounts that availed of the EMI moratorium amid the pandemic, which made things worse in an already slowing economy, are expected to be restructured, and of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, could turn into NPAs.
Karnataka Lok Ayukta Justice Santhosh Hegde, a former judge of the Supreme Court, on how he plans to reduce corruption once the election process is complete.
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
The top ten richest candidates are from the Trinamool Congress which has won a second consecutive term.
The department said that total confidentiality is ensured to those who declare their black assets and funds
The government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions.
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
Rejecting reports of his evading the law, he told reporters that the charges against him and his son were 'nothing further from truth'.
'India should start leveraging rather than banning crypto.'
Neither the foreign exchange, nor the gold, and certainly not the revaluation reserve should be available for spending by anyone. he revaluation account is simply not money. It is simply an accounting entry, says Rashmin C Sanghvi.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
There has been a whopping 164 per cent growth in assets of 216 members of Legislative Assembly, who are seeking re-election to the Maharashtra assembly, since the last polls, as per a study conducted by two Non-Governmental Organisations.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
The top court granted two weeks to the Centre and RBI to file the affidavit and place before it the decisions taken in this regard.
Both countries are closer than before due to these two leaders's public display of mutual connectivity and warm exchanges of words, but how it will help India to serve its interests will be known on Tuesday.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
The agency is also preparing to analyse the details of assets of the Kochhars and others so that they can be provisionally attached under the Prevention of Money Laundering Act
Government on Monday said Rs 4,147 crore or Rs 41.47 billion has been disclosed under the black money compliance window.
Lavasa would soon be joining the Asian Development Bank as vice president
Mathai George George Muthoot joined the family business as an office assistant and in 1979 he became the managing director and group chairman in February 1993.
If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, observes T N Ninan.
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