US Commerce Secretary Carlos Gutierrez has said that with the signing of the historic and landmark US-India civilian nuclear deal it is now imperative that India move quickly to enact nuclear liability protection to envisage the private sector of both countries to engage in business.
'The vision now is not just to look at national highways as a number of kilometres, but quality as well.'
The government on Thursday claimed it was so far under no liability to honour claims worth over a billion dollars raised by overseas lenders and minority shareholders of the controversial Dabhol power plant.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
India on Thursday firmly ruled out any change in the civil nuclear liability law notwithstanding repeated concerns expressed by countries exporting atomic equipments over compensation claim in the event of an accident.
The representation of women in the ongoing Lok Sabha polls continues to remain dismally low, as only about 12 percent of the candidates in the fray in the fifth phase are female, according to an analysis by poll rights body ADR.
The Bombay high court has directed a working woman to pay monthly maintenance of Rs 10,000 to her former husband who is unable to earn due to his ailments.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
India's Civil Nuclear Liability Bill will not have an immediate adverse impact on Indo-Russian cooperation in atomic power generation, but Russian contractors would not like to see safety issues raise their project costs. Director for the Centre of Energy and Security Studies and Editor-in-Chief of the Nuclear Club magazine Anton Khlopkov said the legislation passed by the Indian Parliament "is raising concerns in Russia".
The Parliamentary Standing Committee on Science and Technology, which has held marathon deliberations on the controversial Civil Liability for Nuclear Damage Bill 2010, is expected to present its report to Parliament on August 9.
The court sentenced Patkar after considering the evidence before it and the fact that the case went on for over two decades.
"India has ratified Radiation Protection Convention, 1960 of the International Labour Organisation (ILO) but its provisions have not been complied with. It is yet to ratify ILO's Occupational Cancer Convention, 1974 which is concerning Prevention and Control of Occupational Hazards caused by Carcinogenic Substances.
'We are committed to achieving the targets we had outlined.'
In a consultation paper issued on Tuesday, the department of industrial policy and promotion sought comments on whether FDI should be restricted to LLPs operating in sectors without any investment caps, conditionalities or entry route restrictions.
Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.
The Civil Nuclear Liability Bill is likely to come up for consideration in Parliament on Wednesday
If implemented, the central government's proposal to hike the age of retirement of its employees from 60 to 62 will defer by two years its pension liabilities of around Rs 14,749 crore (Rs 147.49 billion), according to the Invest India Economic Foundation (IIEF).
In a blow to Delhi Chief Minister Arvind Kejriwal, the Delhi high court on Tuesday stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not "appropriately appreciate" the material placed before it by the Enforcement Directorate.
The loss followed a massive fraud allegedly committed by Shivaraj Puri, a relationship manager at the bank's Gurgaon branch.
Maintaining that no tax liability arises from its $11 billion buyout deal with Hutchison in 2007, UK-based telecom major Vodafone today said it would continue to "vigorously" pursue the case in the Indian court.
The Supreme Court on Monday referred to a five-judge Constitution bench a suit filed by the Kerala government raising the issue of ceiling on net borrowing.
From its lows this month, the stock of Bharti Airtel is up 14 per cent. The gains for the telco have come on the back of expectations that market share consolidation, tariff hike and lower capex should boost margins and profits. While the company is a key player in the Indian market, it also has a leadership position in major markets of Africa.
Russia's global nuclear project company Atomstroyexport, which is building two 1000 MW reactors in Kudankulam, said the "complex issues" need to be addressed before firming up contracts for setting up two more atomic power plants.
The US said on Wednesday that the Indian Parliament needed to act upon the "critical" nuclear liability bill to take forward the Indo-American nuclear deal, which had reached "almost the finishing line".
While terming the Nuclear Liability Bill as beneficial for the country's atomic power generation, the Samajwadi Party on Wednesday said it wanted the bill to be vetted by a select committee of all parties before it is introduced in Parliament as it has several loopholes.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
'Isn't it obvious? Do you have a doubt? There is so much data that shows that there is quid pro quo.' 'There are many instances of donations being given after the raids, donations being given before the award of a contract and many other permutations and combinations.'
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
There is an urgent need for a Joint Parliamentary Committee to examine the current liability regime besides a high-powered trans-disciplinary independent experts committee to study the issue, says Gopal Krishna.
After agreeing with the Congress on changes in the Nuclear Liability Bill, the Bharatiya Janata Party on Thursday opposed an amendment carried out in the final report of the Standing Committee, saying it dilutes provisions relating to supplier's obligations in case of an accident. The party has made it clear that if the government does not drop its proposed amendment, which it considers as harmful, it would itself move an amendment.
Finance Minister Pranab Mukherjee's meeting with BJP top brass L K Advani, Leader of Opposition in Lok Sabha Sushma Swaraj, her counterpart in Rajya Sabha Arun Jaitley on Tuesday ended on a positive note with both sides reaching a consensus on most issues in the draft bill.The Parliamentary Standing Committee finalised its report on Nuclear Liability Bill. The Compensation cap raised from Rs 500 crore to Rs 1,500 crore.
India, on Sunday, categorically ruled out any change in the Nuclear Liability Act as a precursor to United States President Barack Obama's maiden visit to India that begins on November 5.
India's largest life insurer, Life Insurance Corporation of India (LIC) reported encouraging performance in the January-March quarter (Q4) of FY24. Total annual premium equivalent (APE) was at Rs 21,180 crore, up 10.7 per cent year-on-year (Y-o-Y), with group APE of Rs 3,890 crore, up 60 per cent Y-o-Y, though individual APE contracted 2.1 per cent Y-o-Y. The participatory book contracted 20.2 per cent Y-o-Y, but the non-par grew by 206 per cent to Rs 3,740 crore.
The Parliamentary committee examining the controversial nuclear liability bill is expediting work to enable submission of its report to the Rajya Sabha during the monsoon session that begins on July 26.
With high credit growth and healthy asset quality, listed commercial banks are expected to report steady growth in earnings during the fourth quarter ended March 2024 (Q4 FY24). Profits are expected to grow at 9.6 per cent year-on-year (Y-o-Y) and net interest income (NII) by 8.7 per cent in Q4 FY24, according to Bloomberg analysts' estimates. According to Motilal Oswal Securities, while bank credit growth has been robust, deposit growth has also gathered pace.
