While farmers in Gujarat are rejecting the compensation package, farmers in Maharashtra say they do not wish to part with their land for a project that largely benefits Gujarat.
Prasanna D Zore reports on the backroom drama accompanying the efforts to cobble together the next government in Maharashtra. 'While the Congress is insisting upon equal power sharing structure among all the three parties, the NCP is of the opinion that ministries should be distributed based on the number of MLAs belonging to each of the three parties.' Prasanna D Zore reports on the backroom room accompanying the efforts to cobble together the next government in Maharashtra.
With the two latest resignations, 16 MLAs -- 13 from the Congress and 3 from the JD-S -- have quit while two Independent MLAs -- H Nagesh and R Shanker -- have already withdrawn support.
The amount is penalty charged on the Mukesh Ambani-led company for failing to develop the C-66 plot in G Block, named as One BKC.
References to the stock market occur in popular discourse only when the market is overheated and normal middle class people are entering stocks with an unhealthy short-term perspective, says Devangshu Datta.
As the number of cases crossed 2,56,000 with more than 7,100 fatalities, according to Union health ministry figures, and the country made a calibrated exit from the lockdown in non-containment zones, shop shutters in many malls went up for the first time since March 25 but the sprawling retail places were eerily empty.
The BEST workers' union went on strike to press for their demands, including timely payment of salaries.
The Ambani brothers, Mukesh and Anil, came together on Thursday to raise the issue of stalled projects plaguing India Inc and implored the Maharashtra government and the Centre to make Mumbai, India's financial capital, an easier place for business and investments. "Several projects are stuck for many years in Mumbai and we would like to know how the government intends to improve the financing and execution of projects, including those relating to infrastructure and education which have been in limbo for long and are affecting the growth of the city," Reliance Industries Ltd (RIL) Chairman Mukesh Ambani told Finance Minister Arun Jaitley. Seated on the same table was his brother, apart from Tata Group Chairman Cyrus Mistry and State Bank of India (SBI) Chairman Arundhati Bhattacharya. Jaitley was addressing the Mumbai Next MMR Transformation conclave, organised by the Maharashtra government and Mumbai First here, through video conference. In his reply, Jaitley said the government was exploring several options of infrastructure financing in India and that a number of international bodies were ready to fund infrastructure development projects. He added the government was keenly considering these funding sources. While praising Maharashtra Chief Minister Devendra Fadnavis for honesty, Jaitley also had a word of advice. Apart from being honest, the government had to be decisive, he said. On his part, Reliance Group Chairman Anil Ambani told the chief minister about his experience of decisions being delayed due to an indecisive bureaucracy and the need to protect officials who wanted to take quick decisions. "Through the past many years, we have faced a number of obstacles in decision-making," he said, adding he was speaking as someone who had lived and invested in Mumbai. Fadnavis responded by saying he would bring about a transparent process to ring-fence officials. Both the Ambani brothers have announced a number of infrastructure projects in and around Mumbai, including a world-class convention centre in Bandra Kurla Complex by RIL, but very few have actually fructified. RIL's special economic zone project failed to take off due to land acquisition problems in Raigarh, while a second SEZ near Mumbai is stuck due to lack of clarity in SEZ norms. The first phase of the Mumbai Metro, set up by Anil Ambani's Reliance Infrastructure, was marred by cost overruns and run-ins with the government over fares. Subsequently, the company withdrew from the second and larger phase, citing inordinate delay. Anil Ambani also withdrew from Mumbai's sea link project on the same grounds. The brothers had also bid for a trans-harbour sea link between Navi Mumbai and Mumbai under the Congress-Nationalist Congress Party government, but their bid was rejected. Reliance Infrastructure is also the power supplier to more than half of this city. Participating in the conclave, some of India Inc's leading bankers said making Mumbai a financial hub would take at least a decade. SBI's Bhattacharya said the Indian currency should be made fully convertible and facilities should be created for it. "However, for this, the economy needs to look up and that will happen only in the next 7-10 years, not immediately," she added. Sunil Kaushal, Chief Executive Officer of Standard Chartered, India, pitched for strong infrastructure to support development. "We will take a long time to develop into a global financial centre. We need to solve transport bottlenecks in Mumbai and have lifestyle facilities for people working in and around these areas," he said.
Under U K Sinha, Sebi became a pan-India organisation with local offices in 16 cities
Mumbai police, citing his suicide note, said the 1988-batch Indian Police Service officer took the extreme step 'out of frustration' due to his illness.
'These are challenging times and we get energised by that.' 'I don't feel that 'I am tired now and I should relax', because even if someone calls us at 12 o'clock I have to answer his call.'
A summary of Friday's Super League matches in the Mushtaq Ali T20 tournament.
Rohit Sharma showed no signs of the finger injury that kept him out of action for more than two months as he hammered the visiting Sri Lanka bowlers making 142 off 111 balls, said India A coach Sanjay Bangar after his team won the warm-up game.
'Maharashtra has 34,000 active cases, of which 24,000 are asymptomatic, and hence need no medicines but are under quarantine.' '9,500 cases are showing mild to severe symptoms.' 'While 1,200 are seriously ill, only 200 of them are on ventilator support.' 'Let those claiming that the situation in the state has gone out of control, look at these numbers objectively before damaging the state's reputation for political gains.'
Le Pain Quotidien (LPQ), a global restaurant chain started in Belgium in 1990 has managed to transform a little part of Mumbai into Europe itself, says Harnoor Channi-Tiwary
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
Prime Minister Narendra Modi on Saturday warned of ruin for the dishonest after the expiry of December 30 deadline for depositing scrapped currency and said they should not underestimate the mood of the country against corruption.
The Kanagna Ranaut-Hrithik Roshan fight rages on.
Domestic giants Mumbai continued its winning run in the Syed Mushtaq Ali Trophy thrashing Madhya Pradesh by nine wickets in Mumbai on Monday.
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
Railways caused the biggest upset in this Ranji Trophy season so far, after they defeated domestic giants Mumbai by 10 wickets within three days in their Elite Group B match, in Mumbai, on Friday. Railways pacer Himanshu Sangwan (5-60) took five wickets, as Mumbai were bundled out for 198 in their second essay at the Wankhede Stadium, after India Test vice-captain Ajinkya Rahane failed miserably in the second innings as well.
Ranjita Ganesan visits The Indus Club, which is not just another old boys' club.
As the bull-run in Dalal Street gathers pace, people keen on riding it are looking to arm themselves with new tools and techniques.
'While taking the decision regarding cricket, the Supreme Court has said that the officials should not be above 70 years of age and they have described these positions as "lucrative" which made me very sad and that's why I don't have any wish to work any more'
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
Private weather agency Skymet said Mumbai is at 'serious risk of flooding' between July 3 and 5.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Modi also rolled out the first of the 500 metro coaches manufactured by Bharat Earth Movers in flat 75 days at it Bengaluru facility.
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
This restaurant channels the spirit of laidback Goa in the heart of frenetic Mumbai.
Sachin Tendulkar believes the rule changes in One-Day Internationals are responsible for batsmen dominating the 50-overs format in the last few years.
Former president Sharad Pawar may have made a comeback in the Mumbai Cricket Association after being elected unopposed on Friday, but the Union Minister for Agriculture announced that he has no plans to return to the Board of Control for Cricket in India set-up.
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
Thomas Cook, which is looking to shift its offices to one of the places such as Lower Parel, Dadar, Bandra Kurla Complex or Andheri, is likely to take a decision in the next three to four months.
Syed Firdaus Ashraf/Rediff.com attended the Congress president's rally in Mumbai on Friday, and explains why people who came with high hopes left disappointed.
Vijay Patil, has appealed to incumbent MCA and NCP chief Sharad Pawar to withdraw from the contest.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
From Padma Lakshmi to Kareena, this season offers plentiful reasons to make your jaws drop.
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