The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.
While Yadav began to tour different constituencies and address public meetings to mobilise the SP rank and file, he has concurrently started the tedious process of cobbling up an alliance of smaller outfits representing a mlange of castes and sub-castes, reports Virendra Singh Rawat.
The apex court had permitted only voluntary use of Aadhaar for welfare programmes including MGNREGA, all pension schemes, provident fund and Pradhan Mantri Jan Dhan Yojna.
Reaching out to the opposition, Prime Minister Narendra Modi on Sunday sought its cooperation in the passage of GST bill even as it asserted that government will be targeted over developments in Arunachal Pradesh and Kashmir during Parliament's Monsoon Session starting on Monday.
External Affairs Minister S Jaishankar said if 'you look at the totality of our ties and we will look at where we have strong economic synergies, where we have strong technology promptings, these are really based on the flow of talent.'
The Allahabad high court has rejected the bail plea of a reporter accused of abetting a suicide, saying a journalist is not expected to dramatise sensational incidents and create news by putting a person's life in danger.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
Attacking the Samajwadi Party, Prime Minister Narendra Modi on Thursday said it supported rioters and the mafia, and fielded criminals in western Uttar Pradesh for the assembly elections.
Ending a weeklong logjam, Rajya Sabha on Monday resumed normal functioning during the Question Hour after government and opposition leaders agreed to a compromise formula to end protests over Union Minister Sadhvi Niranjan Jyoti's controversial remarks.
The Congress on Friday alleged that Facebook was being used as a weapon by the Bharatiya Janata Party to spread hate and fake news in the country and demanded that a joint parliamentary committee probe be conducted on the issue and laws be enacted to restrict Facebook and WhatsApp.
Bracing for the opposition onslaught in Parliament, government and the ruling Bharatiya Janata Party on Sunday decided to aggressively counter the attack on its leaders like Sushma Swaraj, Vasundhara Raje and Shivraj Singh Chouhan and rake up controversies related to Congress leaders.
For the fourth day, the Lok Sabha House fails to take up trust vote notices.
Deb said that he would ask people whether they want him to continue as the chief minister.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
The final report was to be submitted in March but it got an extension till the second week of the monsoon session that began September 14.
Rupee movement, global cues key for stocks this week: Experts
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
Asserting that the people of Kairana were no longer living in fear, Shah said a satisfactory law and order situation is the primary condition for development and the Yogi Adityanath government has ensured this in Uttar Pradesh.
The chief minister still has time to repair the damage but he will have to act all-round, both at the government and party levels, suggests N Sathiya Moorthy.
'We have reached a new low.'
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
'Modi's charisma and appeal is unparalleled.' 'Yogi has his own appeal and people connect.' 'He is seen as trustworthy, hardworking and honest.' 'People feel that these qualities are both common to Yogi and Modi.'
HRD Minister Smriti Irani is likely to be the target of Opposition attack in Parliament where Rahul Gandhi will lead the Congress charge against the government on Tuesday.
The Opposition on its part wants to corner the government by raising issues like alleged shortcomings in the healthcare system during the second wave of the coronavirus pandemic and the distribution of Covid vaccines to states.
Govt may tighten presumptive taxation norms and also do away with some deductions.
Billionaire Anil Agarwal's mining group Vedanta on Monday said it has withdrawn cases in the Delhi high court as well as before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute with the government. Post slapping of a Rs 10,247 crore tax demand on UK's Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation prior to the listing of its India business, the Income Tax Department had sought Rs 20,495 crore in taxes (including penalty) from Cairn India for failing to deduct tax on capital gains made by its British parent. Cairn India was in 2011 bought by Agarwal's group and subsequently, the firm was merged with Vedanta Ltd.
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
The session, which began on June 17, was scheduled to end on July 26.
Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.
Single registration will be coupled with single licence, along with a single return, for executing projects for five years.
The government on Tuesday said it may reconvene Parliament's Monsoon Session to get key legislations, including the pending GST bill, passed, maintaining it has an "open mind" on amendments to reform measures even as it began consultations with leaders of opposition parties.
'The ban on Chinese imports is a suicidal step.' 'This will result not only in economic depression, but in a chaotic situation.'
Political parties were bracing for the assembly election results on Thursday in the crucial state of Uttar Pradesh, Punjab and politically volatile Uttarakhand, Goa and Manipur, sending out feelers for possible post-poll tie-ups.
Seven years is a long time for any of Modi's promised actions to show up. If voters are angry and cynical today, it is because the rhetoric stings, argues Ramesh Menon.
Thousands of people congregated at August Kranti Maidan in Grant Road area of south Mumbai to protest the new legislation -- the Citizenship Amendment Act -- which many claim is discriminatory, communal in nature and goes against the very fabric of our nation. Incidentally, the venue -- August Kranti Maidan -- is the same where Mahatma Gandhi had in 1942 called for British to 'Quit India'. As the thousands gathered and shouted slogans like 'Modi-Shah se aazaadi' and 'Tanashahi nahi chalegi (dictatorship won't work)', Rediff.com's Hitesh Harsinghani was there to capture the mood. And the one takeaway from there: They may look different, they may be from different parts of the city, but their anger is the same.
Jaitley keen to uplift the insurance sector.
