Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.
The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister Nirmala Sitharaman and state finance ministers, Business Standard has learnt. "The current Winter Session of Parliament ends on December 23, followed by the Christmas-New Year period. "After that we would like to have a meeting of the GST Council, depending on whether there can be a quorum," a top government official said.
The UK government is under increasing pressure on Monday to review its COVID-19 vaccine protocol in place for travellers from India, after its updated rules effective from next month failed to recognise Indian vaccines under an expanded list of countries.
The meet will provide J&K an opportunity to showcase its strengths, strategies and potential. It will also help allay fears and apprehensions in the minds of trade and business community outside the state.
After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
'Anyone can string together a few alliterative words, but are they a substitute for serious thought?' 'And do they make for a strategy or plan for coherent action?' asks T N Ninan.
According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on February 1.
However, the chief minister made up for her absence by addressing the gathering via state Industry and Finance Minister Amit Mitra's mobile phone.
The delegation of Indian CEOs from Confederation of Indian Industry highlighted the growing sense of optimism in India following the recent election results.
The industry body said a strong inter-ministerial coordination group is required to resolve sticky issues like the 'mining conundrum' and 'raw material securitisation' for sectors like steel.
Billionaire investor Rakesh Jhunjhunwala's optimistic outlook on India's consumption sector sent retail stocks soaring on Tuesday.
Index measuring this at six-quarter high; however, economic & political volatility a concern.
Apollo Hospitals and Fortis Healthcare are open to importing vaccines.
With a large gathering of corporate leaders in attendance at the function in Mumbai even as the master blaster played his last test match at the nearby Wankhede Stadium, the Finance Minister said, "Ratan (Tata) is as big a draw as Sachin."
The CII also hailed the exemption from seeking prior or post acquisition permission from CCI when an entity already holding 25 per cent or more stake in a company acquires up to 5 per cent additional stake in a financial year if its total stake does not cross 50 per cent.
According to the report, published on Tuesday, the event's prize money of $4.2 million is much more than the combined prize money of all other sports leagues in the country.
In his first interaction with India Inc, Rahul Gandhi said the politics of alienating communities is affecting growth.
He says conditions for entrepreneurship and SMEs needed to be improved for the sake of growth in economy and employment opportunities.
Shobhana Kamineni, vice chairperson of Apollo Hospitals, and a former president of the Confederation of Indian Industry, is unhappy after discovering her name deleted from the voters' list in Telangana.
India drops two places from its last year's position on the Global Innovation Index 2013.
The Confederation of Indian Industry (CII) has called for speedy implementation of key railway projects, such as the Dedicated Freight Corridor, high-speed rail corridors, rolling stock and other capacity enhancement works.
The objective of Section 72A is to make business operations tax-neutral encourages the amalgamation and restructuring of a company or firms by allowing set-off or carrying forward of unabsorbed depreciation and accumulated business losses.
Norms for e-commerce likely, arm's-length pricing set for change.
Senior executives of the country's leading manufacturing companies are optimistic that the industrial sector, currently reeling under economic slowdown, could return to high growth trajectory "with a change in ecosystem and policies", according to a report.
Congress Vice President Rahul Gandhi on Thursday delivered his much-awaited speech at the annual general meeting at the Confederation of Indian Industry.
The government in December had announced incentives for exporters that include extension of two per cent interest subsidy for an additional one year ending March, 2014.
The private sector, the Prime Minister said, needs an environment in which enterprise can flourish and create both jobs and stimulate growth to ensure that it remains inclusive.
As per the survey for January-March 2013, majority of India Inc (54.1 per cent), however, expects no change in their employment levels.
Industry sources told India Abroad they wouldn't shed any tears if the legislation died in the House.
Decades after he received a letter from someone by the last name of Biden from Mumbai, soon after becoming a senator, Biden learned that his 'great, great, great, great, great grandfather' had worked in the East India Company. "There are five Bidens in Mumbai, India," Biden, then Vice President, told a Washington audience in 2015 at an event organised by the Confederation of Indian Industry and Carnegie Endowment for International Peace on the occasion of the 10th anniversary of India-US civil nuclear deal.
The Congress on Thursday brushed aside comparisons between Rahul Gandhi with Gujarat Chief Minister Narendra Modi saying only those interested in propping up the Bharatiya Janata Party leader indulged in such acts.
The Congress on Thursday brushed aside comparisons between Rahul Gandhi with Gujarat Chief Minister Narendra Modi saying only those interested in propping up the Bharatiya Janata Party leader indulged in such acts.
The Bharatiya Janata Party on Thursday described Rahul Gandhi's speech at a Confederation of Indian Industry programme as that of a "confused leader" which reflected the fear of the emergence of Gujarat Chief Minister Narendra Modi in national politics.
Returning to 8 per cent growth needs speedy, decisive government action, the Prime Minister added.
Partial lockdown measures may impact movement of labour & goods, they say.
Afghanistan is ripe and ready for more investments from India and offers a lot of opportunities.
The ongoing economic slowdown seems to have weighed down on the confidence of India Inc.
On Tuesday, Modi will share his views with India Inc on 'Getting growth back'.
Raising the taxes on the super-rich will not solve the fiscal consolidation problem, but will definitely help.
Chamber urges government to present industry-friendly and pro-investment Budget
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