Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.
Though the Bills of Punjab and Rajasthan have a lot of similarities, the one approved by the Chhattisgarh Assembly is structurally different. None of the three has tried to address a key demand of the agitating farmers in full, which is to make all payments below the MSP, within and outside mandis, illegal.
'Only then will we withdraw the agitation.'
British lawmakers will debate the issue of press freedom and safety of protesters in India next Monday in response to an e-petition which had crossed the 100,000-signature threshold required for such a debate, the House of Commons Petitions Committee confirmed on Wednesday.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Securities and Exchange Board of India (SEBI) has 'drawn a blank' in its probe into alleged violations in money flows from offshore entities into the conglomerate.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in short positions on Adani Group stocks ahead of the report of US-based short seller Hindenburg Research, and profiting from squaring off positions after prices crashed post-publication of the damning allegations. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima facie, it would not be possible for the committee to conclude that there has been a regulatory failure around the allegation of price manipulation," the panel said in the report submitted to the Supreme Court.
Centre's move to form a 29-member panel on making the minimum support price (MSP) mechanism effective and keeping three positions vacant in it for SKM representatives has triggered strong disapproval from it.
The project is scheduled to be completed by March 2019, while work is expected to start by this financial year.
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
23 trains have been partially cancelled and five short terminated till September 26 as protesters blocked rail tracks at various places, including Amritsar, Ferozepur, Sangrur, Barnala, Mansa and Nabha.
Canadian Prime Minister Justin Trudeau has said that he held a "good discussion" with his Indian counterpart Narendra Modi on many important issues, including on the two nations' commitment to democratic principles, recent protests, and the importance of resolving issues through dialogue.
"Manmohan Singh Ji (former Prime Minister) tried many times but could not do. Today when it is implemented, propaganda is being spread," Tomar said.
Farmers from across the states arrived at Delhi's Jantar Mantar on Monday early morning protesting over unemployment.
The Centre has sought five names from the Samkyukt Kisan Morcha (SKM) to be included in a committee for discussion on a host of issues, including MSP, and the umbrella body of farmer unions will decide those in its December 4 meeting, farmer leader Darshan Pal said on Tuesday.
With Pawar backing farmers' protest against the contentious agri reforms, government sources on Sunday pointed out that as the agriculture minister in the UPA dispensation he had asked chief ministers to amend the APMC Act in their states to allow the private sector to play an important role in the field.
A group of 200 farmers will travel to Jantar Mantar from the Singhu border in buses with a police escort and hold protests there from 11 am to 5 pm, sources in the Delhi Police said.
The police have put up barricades, tippers and rolled out water cannons to prevent protesting farmers from entering Chandigarh.
Nitish Kumar has said the only remarkable thing during the period was that prime minister has more selfies than all his cabinet colleagues put together.
The Republic Day tractor parade by agitating farmers will feature a number of tableaux from across states depicting village life, the protest against the Centre's contentious farm laws, and hailing their courage, according to organisers.
Ghanwat, also a senior leader of Shetkari Sangathan, said he will mobilise one lakh farmers and bring them to Delhi in the next couple of months demanding farm reforms.
British Parliament's Petitions Committee will consider a Westminster Hall debate in the House of Commons complex on the issue of farmers protests and press freedom in India after an online petition attracted over 106,000 signatures.
The area-based income compensation scheme says that farmers should be paid the difference between the actual price they get and the state-mandated MSP. The compensation will be determined on a per acre basis by using district-level estimates of marketable surplus and prices in the harvest season.
Without directly referring to the farmers' agitation, which entered the 17th day on Saturday, Modi said agriculture reforms as part of government efforts are aimed at removing roadblocks, and the new laws will also bring in technology and investment in the sector.
'If the Delhi Police has some issues over law and order on Republic Day, they can sit with Sankyukt Kisan Morcha and tell about alternatives routes for the tractor rally'
Congress on Sunday ridiculed Prime Minister Narendra Modi's assurances to the farmers.
A meeting convened by Congress president Sonia Gandhi on Friday afternoon will see the leaders of around 20 opposition parties come together on a common platform through video-conferencing.
Sanjiv Mehta, chairman of the country's largest consumer goods company, HUL, believes that the second wave of the Covid-19 pandemic between April and June this year has been a mere pause in India's consumption story, and that it will not change the country's overall growth trajectory. India is poised for growth, especially in the fast-moving consumer goods (FMCG) sector, Mehta told shareholders at the company's annual general meeting on Tuesday. The signs of recovery are becoming evident with many states lifting lockdown restrictions in recent weeks.
'Have you seen a situation like this anywhere before, globally or in India, where a government says, okay, we are withdrawing a law because you don't want it?'
The Gujarat government believe it can usefully utilise its 1,600-km coast for cultivating more coconuts in the coming years.
Data shows that the current system of decentralised marketing and centralised procurement helps Punjab and Haryana farmers the most, while its efficacy in other states has been poor. Experts and farm leaders say success of the laws rests heavily on implementation.
Minister of State for Agriculture Kailash Choudhary also said the government is always ready for talks but it is up to farmer unions to decide whether they want to go ahead with the scheduled ninth round of talks on January 15.
He said the parties rejected by the electorate are pushing their own political agenda by misleading farmers.
The agriculture ministry also reiterated it is ready to find a "logical solution" to the issues raised by protesting farmer unions.
India Ratings on Mondy projected a 7.7 per cent growth this fiscal driven by consumption demand.
Farmers said the government should have formed a committee of farmers and others before the laws were enacted by Parliament.
The Maharashtra Kisan Sabha announced that the strike will be intensified in the coming days.
Unlike the 2012 manifesto, the BJP has chosen not to make any extravagant promises.
Addressing reporters at the Singhu border where they have been protesting for almost two weeks to demand a rollback of the law, the farmer unions also reiterated that they will intensify their agitation and start blocking all highways leading to the national capital.
Government's objective is to bring down the cost of cultivation through efficient use of fertilisers and agro chemicals, and increase in realisation. It is, thus, planning to connect 200 agricultural mandis with electronic National Agricultural Mandis this year and 225 next year, to enable farmers to sell their produce hassle-free online.
The number of protesters swelled at Delhi border points on Wednesday. Police stepped up security after thousands blocked key gateways into the national capital for the seventh day on the trot, leaving commuters facing a harrowing time.
