The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts) and a majority of this is to be distributed to the creditors of three large group firms -- IL&FS, IFIN and ITNL. "The interim distribution shall be confined only to the entities as reflected in Annexure-6 except those excluded and for the amount of Rs 16,361 crores i.e Rs 11,296 crore of cash and Rs 5,065 crores of InvIT Units," said an order by a two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan.
As soon as the House met at 2 pm, papers were laid on the table and two resolutions adopted amid slogan shouting and protest by Congress members.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
Security remained tight at the Delhi borders with hundreds of personnel deployed at Singhu, Ghazipur and Tikri as thousands of farmers have been staging their protests at the borders for nearly a month now. This has also led to traffic congestion forcing police to divert vehicular movement.
Anand Rayate, senior IAS officer and state coordinator for the Talathi Recruitment Exam-2023, said the statewide test conducted with the help of IT major TCS started at 11 am, instead of 9 am scheduled originally, after the fault was rectified.
With Siddaramaiah and Shivakumar both staking claim to the top post, they are lobbying hard for it with supporters of each one raising the pitch in support of their leader.
Proceedings in both Lok Sabha and Rajya Sabha were disrupted as Opposition members raised slogans demanding a discussion and a Joint Parliamentary Committee (JPC) probe into the fraud-allegation-triggered rout.
It evoked strong reactions from opposition Congress as well as Tushar Gandhi, the great-grandson of Mahatma Gandhi.
Union minister Smriti Irani reacted furiously to the Congress leader's barb at the prime minister over the Rafale purchase and the tense situation in Manipur.
As the Congress batted for a national caste census with an assertion that rights should be proportionate to population, its senior leader Abhishek Singhvi on Tuesday created a flutter by saying "it will eventually culminate into majoritarianism", a remark he later withdrew from social media and blaming it on his staff.
In a blistering attack against the BJP over the violence in Manipur, Congress leader Rahul Gandhi on Wednesday alleged that its politics had "murdered Bharat Mata" in the northeastern state and termed members of the ruling party "traitors".
The inauguration new parliament building will take place in two phases.
Letters purportedly written by some panchayat heads in Haryana's Mahendergarh, Rewari and Jhajjar districts "banning" Muslim traders from their villages have surfaced online, amid communal tension in parts of the state.
The latest tension between the two states cropped up after the Shinde government recently announced that it would allocate an additional Rs 54 crore for its 'Mahatma Jyotiba Phule Jan Arogya Yojana', so that the benefits could be extended to the border villages in Karnataka that Maharashtra has been laying claim to.
'Ajit Pawar and some other people felt it was better to be supporting the BJP and have a coalition with the BJP than support the Congress.' 'But Sharad Pawar did not want to be a party to this kind of an opportunistic alliance.'
Yadav also pressed for the caste census which, he said, would be a major issue in the 2024 Lok Sabha polls.
The BJP had criticised the MVA government saying that it was "unethical" on its part to issue so many orders in a short span.
Left with just three MLAs, the Congress does not have the required one tenth of the legislative strength in the 40-member House to claim the Cabinet minister-level post.
'It's unfortunate that the prime minister prioritises his own image over the humanitarian situation that is unfolding in Manipur, prioritising his ego over the atrocities that women and tribals have had to suffer in Manipur.'
Stalin claimed that in a few months political change will take place and then the NEET barriers will come crashing down.
Singh met the party MP from Thiruvananthapuram on Thursday after collecting nomination papers for the polls.
This will be the third plenary of the decade-old party, and the first since it came to power in Andhra Pradesh three years ago.
Pakistan's senate has passed a resolution making it mandatory for Prime Minister Nawaz Sharif to attend its session at least once a week after he failed to turn up since assuming the position last year.
'People understand Hitlershahi, tanashahi and now Modishahi.'
The Madras high court on Thursday ruled that no unannounced resolutions could be taken up at the meeting of the All India Anna Dravida Munnetra Kazhagam general and executive councils in Chennai, restraining the camp led by joint co-ordinator Edappadi K Palaniswami (EPS) from initiating any such move over the possible single leadership issue.
"Perhaps you missed our briefings in the past few days. We have repeatedly made clear our firm opposition to speaker Pelosi's potential visit to Taiwan," Chinese foreign ministry spokesperson Zhao Lijian said in a press conference on Wednesday.
Opposition political parties this month sought a no-confidence motion in parliament to remove Pakistan Prime Minister Imran Khan.
Major Indian businesses and temples issued a joint statement opposing the proposed California Caste Bill SB 403.
The session, which will continue till August 11, is likely to discuss issues like lynching incidents and vigilantism, the Kashmir situation and the border stand-off with China.
The Pakistan National Assembly's crucial session on a no-trust motion against embattled Prime Minister Imran Khan was adjourned on Friday without tabling of the resolution, amid vociferous protests from opposition lawmakers.
The All India Anna Dravida Munnetra Kazhagam general council meeting on Monday revived the general secretary post, and picked Edappadi K Palaniswami as the interim GS.
The state anthem was played on the last day of the budget session and BJP MLA Jibesh Kumar Mishra was seen remaining seated through it.
Throwing his party's weight behind the Congress to ensure an Opposition win in the 2024 Lok Sabha polls, Dravida Munnetra Kazhagam president and Tamil Nadu Chief Minister M K Stalin on Wednesday said arguments by some favouring a front without the grand old party should be rejected.
"If someone wants to go, irrespective of the party, no one stops him. Leadership is needed for this, there is no need to work yourself to stop it. The leader should take care of how to make the organisation healthy by being on the front foot. But there is nothing like this (possibility of disintegration) in our party," he said.
Carrying placards, the opposition members tried to disrupt the governor's address thrice.
A unanimous statement of the delegation appealed to the people of the state to shun the path of violence and resolve all the issues through dialogue and discussion.
The former Union minister asserted that an objective analysis of the political situation will lead to the conclusion that the Congress has to be the "pole" around which Opposition unity in the 2024 Lok Sabha election can be built.
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
Bhujbal said Sharad Pawar announced support to the BJP in 2014 after it formed government following the Assembly polls without the Shiv Sena's backing.
BJP top brass, including Prime Minister Narendra Modi and senior leaders from across the country, are part of the national executive.
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