The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.
Corporate social responsibility rules that kicked in on Friday also set a three year time-limit for any CSR project, among a series of other amendments introduced by the government.
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.
He charged KCR with using 'abusive language' in campaigning and claimed that it showed signs of his nervousness and insecurity.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
"I think it's clear to me that the ISI has connections with terrorist groups," General Joseph Dunford, Chairman of the US Joint Chiefs of Staff said.
he reason behind the cut in policy rate seems to be a slowing economy
Taking the first step towards appointment of Lokpal, the government has decided to modify rules to give more powers to the search committee mandated to recommend names for appointment of chairperson and members of the anti-corruption body.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
In a resolution passed at its national assembly in Haridwar, the SJM said the Modi government's proposed strategic divestment of PSEs was an "imprudent business decision" and "against national interest".
Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, is all set to be expelled from the Rajya Sabha as Chairman Hamid Ansari on Tuesday turned down his resignation on procedural grounds.
A day after Parliament passed the Telangana Bill, Centre today started the process of division with the Department of Personnel and Training setting up two committees for allocation of civil services and state government officials to the two Telugu speaking states.
This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.
Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, on Monday resigned from Rajya Sabha.
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
Lok Sabha Speaker Sumitra Mahajan came down heavily on Congress leaders for "persistently and willfully obstructing the House" and suspended them for 5 days. The members who have been punished include a president's son, ex-chief ministers' sons and an ex-CM's grandson. Rediff.com brings you the complete list.
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
Good monsoon is likely to create more jobs in the agriculture sector, which in turn could save the exchequer around Rs 10,000 crore
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
Question remains, what happens when the overseeing committees' members themselves are questioned by investigative agencies?
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
The top court said that it was not against anyone but the primary concern is illegal constructions in Coastal Regulation Zone areas, which eventually lead to natural disasters.
JSW Steel is learnt to have submitted its resolution plan along with AION Capital
A Parliamentary panel examining the Lokpal bill may recommend that the proposed anti-corruption watchdog be a single window stop for probing all corruption complaints against government functionaries by ending multiplicity of investigating agencies to investigate graft cases.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
Not just in the fight against COVID-19, but also in politics, economics and society, observes Ajit Balakrishnan.
The leader of the largest opposition party in Lok Sabha will be included in a panel to select the chairperson and members of Lokpal under the amended law, governing the functioning of the anti-corruption body, approved by the Union Cabinet on Wednesday.
'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
From filing 37 returns a year when the Goods and Sales Tax was first introduced in July last year, the process has undergone major changes as the GST Council considered and implemented various models to ease the pain for assessees. Here's a recap of how the process has changed in 10 months.
The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"
Govt bosses in no hurry to exit from PSUs; many agencies, long process likely hurdles.
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