India has not yet received any confirmation on Chinese President Xi Jinping's in-person participation at the upcoming G20 summit, people familiar with the matter said on Thursday amid reports that he is likely skip the conclave.
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Despite the hope that lessons will be learnt, the next accident invariably shows that nothing has been learnt -- or if learnt, they have been ignored, observes Prosenjit Datta.
Outward remittances under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) surged by 50.64 per cent to $9.1 billion in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), driven by healthy growth across segments due to a revision in the timeline of tax collected at source under the LRS scheme and normalisation in international travel. Major drivers include equity and debt investments, deposits, and the international travel segment, among others. According to the latest RBI data, the amount remitted under LRS stood at $9.1 billion in Q1FY24, compared with $6.05 billion in the same quarter last year.
The bench directed all the municipal corporations to file exhaustive affidavits detailing what steps it has taken on a 2018 order passed by the court to ensure that all roads are made potholes free.
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Reliance Industries Ltd (RIL) while Metro Cash & Carry India is engaged in the wholesale operations in India. In December last year, it was announced that RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.
Former IAF chief Bhadauria said this aircraft is "state-of-the-art" and "hugely capable".
The guidelines have been prepared in line with the National Education Policy (NEP) 2020 that has envisioned that top universities in the world will be facilitated to operate in India.
The 100-km stretch of Mumbai-Ahmedabad highway claimed at least 62 lives.
A thorough probe is underway, none of the authorities has so far talked about any possibility of a sabotage.
The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.
In 2021, the Railways boasted of a historic feat -- no passenger deaths in train accidents in two years. However, the derailment of the Bikaner-Guwahati Express in 2022 brought the Railways back to its forgetful past.
Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. Meanwhile, a senior executive at the airline expressed hope of resuming ticket sales -- which was paused by DGCA following the grounding of the carrier -- from July 7 or July 8 and subsequent relaunch of the operations from middle of next month.
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
The Enforcement Directorate (ED) is probing alleged fraudulent foreign funds infusion of more than Rs 86 crore into a company that runs the NewsClick portal even as it is expected to soon file a charge sheet in the case being probed under the anti-money laundering law, official sources said on Monday.
The court listed the matter for further hearing on December 13.
Palaniswami currently helms the party founded by the charismatic M G Ramachandran and nurtured by the redoubtable J Jayalalithaa.
Outward remittances in February under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) fell 23 per cent over January, latest data released by the central bank, in its monthly bulletin, revealed. In February, Indians remitted $2.1 billion under the RBI's liberalised scheme. On a year-on-year (YoY) basis - aided by international travel - LRS jumped 15.24 per cent. Further, in April 2022-February 2023, outward remittances under LRS stood at $24.18 billion, an all-time high.
The Gujarat high court on Tuesday heard a suo motu public interest litigation (PIL) on Morbi bridge tragedy and asked the state government as to how no expression of interest was tendered, and how the 'largesse of the state' was given to an individual without floating a tender.
Margins for the oil refining and retailing sector have moved off their peaks, and the average integrated margins (refining plus marketing) for oil marketing companies (OMCs) have normalised. The ascent in crude oil prices, combined with static retail prices, has depressed marketing margins for diesel and petrol. However, the fall in marketing margins has been offset by increased gross refining margins (GRMs).
Citizens belonging to different religions and denominations follow different property and matrimonial laws which is 'an affront to the nation's unity', the Centre had said last year in its affidavit in the Supreme Court on the Uniform Civil Code matter.
Indian imports of Russian oil plunged by a record in August month-on-month (M-o-M) as discounts on the fuel shrank in tandem with rising Brent oil prices. Higher crude prices will drive inflation or hurt earnings at oil companies and India's fiscal position if such spikes are not passed on to consumers. Indian purchases of Russian crude declined by around 24 per cent in August from July to the lowest level since January, with refiners expecting volumes to drop further amid rising rates of Russian benchmark Urals grade, substantial stocks at refiners, and planned maintenance at Indian refineries, according to ship tracking data and industry officials.
Ukrainian soldiers guard the battlefront, dismantle destroyed Russian vehicles and defuse unexploded missiles.
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The broking industry's pecking order is set to change with Groww, a fin-tech startup from Bengaluru, poised to topple the industry's poster boy, Zerodha, as the leading brokerage in the number of active investors. According to data provided by the portal Topsharebrokers.com, Zerodha has 6.32 million active investors, while Groww is at 5.99 million. It is projected that Groww, which has grown at a much faster clip over the past two years, will surpass Zerodha this month, or next month.
The boy is being produced in a juvenile court here and further legal proceedings are being carried out, Verma added.
Kamboj's stern response to Pakistan came in her remarks at the UN Security Council open debate on "Maintenance of international peace and security: Effective multilateralism through the defence of the principles of the Charter of the United Nations" chaired by Russia, President of the Council for the month of April.
The police said they have lodged an FIR and launched an investigation into the matter after a representative of the TV channel, located in Sector 16A Film City, approached them Tuesday evening.
The Supreme Court on Tuesday granted time till October 31 to the Centre to file its response to a batch of pleas challenging certain provisions of a 1991 law that prohibits filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947.
The Madurai bench of the Madras high court has directed the secretary, environment and forest department, to ensure that there are no more acquisitions of elephants by private individuals or religious institutions in Tamil Nadu.
The SIT had found several lapses in repairs, maintenance and operation of the bridge.
A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna issued notice on the petition by the former wing commander, who was posted as engineering officer at the relevant time, and granted the Centre six weeks to file its response.
BJP IT department head Amit Malviya shared on Twitter what he said were the details of accidents under these ministers and added such 'worthies' are the ones demanding the resignation of the 'most qualified' railway minister the country has had in seven and half decades.
'The funds were arranged from multiple banks at a very competitive rate and converted into dollars at the best rates.'
The World Championship trials are expected to be held by August 10, giving the wrestlers, who competed in Asian Games selection competition, just about 17 days to be ready for another gruelling contest.
Five railway employees, including the station master of Bahanaga Bazar, are being investigated in connection with the three-train accident in Odisha's Balasore district that claimed 288 lives, official sources said on Monday.
The Opposition parties need to spell out how exactly they will protect the citizen from government excess, asserts T N Ninan.
Based on closed circuit television camera footage, the Visakhapatnam police nabbed the three youth from the area.
The Gujarat government has suspended Morbi Municipality's Chief Officer Sandipsinh Zala in the wake of the bridge collapse incident that claimed 135 lives, a senior official said on Friday.