While the Narendra Modi government has stuck to its stand that pending payment is Rs 12,343 crore, MSMEs calim outstanding amount is Rs 2-3 trillion. Moreover, MSME ministry's SAMADHAN portal has been of little help.
Samajwadi Party leader Tej Narayan Pandey on Sunday accused Shri Ram Janmbhoomi Teerth Kshetra Trust of committing corruption in a land deal and sought a Central Bureau of Investigation probe into the matter.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
Rs 5,000 crore additional liquidity facility to be provided by the National Housing Bank to boost liquidity in housing sector, the RBI said.
'The amount of compensation is huge and therefore, in my view, time can be granted to the convict for the payment of the same. Therefore, considering submissions made by advocates from both sides, I am inclined to allow both the applications and grant time of 30 days for bringing appropriate (orders) from the Appellate court,' the court said in the order.
In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. Last month, Reliance Retail had taken over store spaces for which the Future Group couldn't pay lease rent. These were then sub-let to the Future Group for operation.
The West Indies team might have put off its 'strike' plan as of now, but the players continued to protest against the payment dispute with the West Indies Players Association (WIPA) by wearing black armbands in the second One-day International against India, in New Delhi, on Saturday.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Capital markets regulator Sebi on Monday came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of electronic gold receipts (EGRs). The stock exchange desirous of trading in EGRs may apply to Sebi for approval of trading in the new segment, the regulator said in a circular. The bourses can launch contracts with different denomination for trading or conversion of EGR into gold. Under the new framework, the entire transaction has been divided into three tranches-- creation of EGR; trading of EGR on stock exchange and conversion of EGR into physical gold.
Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. said.
Fintech giant Paytm claimed it is selling more FASTags than all the banks put together on a daily basis.
Consumer activist Jehangir B Gai explains an important new ruling by the National Commission.
US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.
'Personal income tax collections have been high on account of impressive advance tax mop-up.'
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
Three persons were on Wednesday arrested in connection with the murder of a journalist at a newspaper office in Gujarat's Junagadh district with a police probe finding that dispute over money led to the crime.
The Indian Army has shown it can face down the PLA, but is too often held back by a political leadership that lacks boldness, asserts Ajai Shukla.
India may scrap their tour of West Indies in 2016 after the Caribbean team's abrupt pullout on Friday, said an angry Indian cricket board (BCCI) which is also considering legal actions and seeking intervention of the game's world governing body.
In a bid to provide a level playing field, the government has decided not to levy 2 per cent digital service tax if goods and services are sold through Indian arm of foreign e-commerce players.
Experts pointed out the move will only help taxpayers temporarily, as the tax liability remained the same and the date for advance tax has not been extended.
Addressing the 76th United Nations General Assembly session here, Prime Minister Modi said that today, every sixth person in the world is an Indian.
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
Alipore Judicial Magistrate Md Zafar Parwej, in-charge of the chief judicial magistrate court on this day, said that failure to appear personally may invite a warrant of arrest against Shami.
The Ministry of Home Affairs (MHA), in its circular, had asked all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown to contain COVID-19.
Kisan Mazdoor Sangh (KMS) and Kisan Sena (KS) made a representation, which also included a demand for strengthening the dispute resolution system in case of any trouble in contract farming.
Long before she won royalty rights for playback singers, there was an undisclosed incident in Lataji's life where she not only put a male colleague in place, but also refused to sing with him thereafter.
'If they add a small paragraph that no purchase will be allowed below the MSP, they have a winner on their hands'
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
India and Australia might be sworn enemies on the cricket field but the two nations have been united in mourning the shocking death of Phillip Hughes.
India has raised tariffs on 28 items, including almond, pulses and walnut, exported from the US in retaliation to America's withdrawal of preferential access for Indian products.
CBDT chief also set a monthly target of disposing of pending appeals by sending communication through the e-filing portal and or through emails only.
Income Tax Department has slapped fresh tax notice on Nokia India, tax authorities said.
The West Indies Cricket Board, players and its union have been blamed for the India series fiasco when the team dramatically pulled out midway into the tour over a payment dispute.
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The West Indies Cricket Board has criticised skipper Dwayne Bravo and said it was left with no option but to call off the tour of India following a strike by its players in the wake of an acrimonious ongoing pay dispute with WICB.
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
There can be as many as six co-applicants in a joint loan.
A reception often reserved for rockstars came the way of mining mogul Anil Agarwal when he started revealing nuggets of his ascent from a scrap-metal dealer to one of India's most prominent self-made industrialists on social media. And now he has been flooded with booking writing proposals and has even been offered money for a biopic. In February this year, Agarwal, 68, started tweeting his journey from Bihar to Mumbai first and then to London to head a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.
Paris St Germain and Brazil forward Neymar has been ordered to pay his former club Barcelona 6.7 million euros ($7.51 million) after losing a lawsuit over an unpaid bonus, the Spanish champions said in a statement on Friday. Neymar moved from Barca to PSG for a world record fee of 222 million euros in 2017 but took the La Liga side to court over the terms of the last contract he signed with them a year earlier, claiming he was entitled to 43.6 million euros.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
The company said this was 'important' to reinforce the 'complete disassociation' from its erstwhile promoters -- Malvinder and Shivinder Singh.
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