The Sports Ministry removed the Rs 2 lakh cap on the salary given to Indian coaches for training elite athletes in a bid to encourage them to produce better results. The move is also aimed at attracting former players to become high performance trainers.
This is the first time in the history of the airport operator that revenue crossed Rs 10,000 crore.
The officials said they would need around Rs 4,500 crore to buy nearly 12 lakh additional electronic voting machines and an equal number voter-verifiable paper audit trail machines.
The government proposes to liberalise allotment of captive blocks for private participation, enabling mining companies to sell coal and ending the monopoly of the public sector.\n\n
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
Vinay Umarji reports on the IITs' latest move.
Tie-up with MBDA will have Indian partner as majority shareholder; first product likely in 2 years.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Tightening its noose around Canada-based 'designated individual terrorist' Gurpatwant Singh Pannu, the National Investigation Agency (NIA) confiscated a house and land of the self-styled general counsel of the outlawed Sikhs for Justice (SFJ) outfit in Punjab's Amritsar and the Union Territory of Chandigarh on Saturday, an official said.
Each Bhabha Kavach has four hard armour plates, which protect the wearer from the front, back, and either side. It can protect CAPF personnel from 7.62 mm bullets fired from AK-47 rifles -- the chosen weapon of terrorists from Kashmir to Bastar.
As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.
The gross non-performing assets of public sector banks rose to 6.03% at the end of June.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
In the first nine months of 2017, investment banks pocketed Rs 500 crore for helping companies raise Rs 30,853 crore through IPOs.
The Reserve Bank on Friday accepted most of the recommendations of its working group on corporate ownership of private sector banks, by allowing unrestrained promoter shareholding in the first five years of operations and hiking the same to 26 per cent after 15 years from the extant 15 per cent and also the new capital requirements. The move will benefit leading banks like Kotak Mahindra Bank and IndusInd Bank, among others, which have been seeking more time from the regulator to divest their stakes for many years now. Accepting 21 of the 33 recommendations of the internal working group, the central bank said the remaining suggestions are under its consideration.
A report by parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India.
Participants are keenly waiting for the January IIP.
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Prime Minister Narendra Modi on Tuesday invited investors here to participate in the proposed divestment of Navratna PSUs
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
Currently, the spend on R&D as a percentage of GDP is just 0.9%
This apart, to further increase capacities, Bharat Biotech has partnered with Indian Immunologicals (IIL) to manufacture the drug substance for Covaxin. The technology transfer process is underway and IIL has the 'capabilities and expertise' to manufacture the inactivated viral vaccines at commercial scale.
Employees of around 150 firms may lose out on PF benefits as their companies failed to get an exemption certificate from the Employees' Provident Fund Organisation (EPFO)
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
His advice was to always start with small positions because we are bound to make mistakes; and remain humble because the markets can be merciless, remembers Debashis Basu.
Lines up seven OFS issues along with half a dozen IPOs for the next few months
Move aimed at avoiding crowding of public issues during the Centre's mega disinvestments in coming months.
Policy decisions, particularly those which have wide-ranging implications on the nation's health and security, should be decided by bodies best suited to do so, the Delhi high court said on Monday while refusing to interfere with the Agnipath scheme.
India expects 2.16 billion doses of Covid-19 vaccines between August and December, including the jabs that are currently in clinical trials, reports Sohini Das
Under a memorandum of understanding signed in New Delhi by Jim Albaugh, President of Boeing Integrated Defence System and HAL Chairman Ashok K Baweja, the Indian defence PSU, will manufacture subsystems for Boeing's wide range of fighter planes like F-15, F-18 Super Hornetts and Apace Helicpoters.
While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Parliament on Thursday approved a bill for giving more flexibility to the board of directors and improve corporate governance standards in public sector banks after Rajya Sabha passed it by voice vote.
Trinamool Congress MLA Mahua Moitra alleged that the Centre's social media hub policy was to be used as a tool to monitor social media activities of the citizens and should be quashed.
While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.
Ways on how consumers can maximise benefits.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from divestment proceeds in the Budget for 2020-21.
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
The Centre has agreed in principle to grant 'mini-ratna' status to Airports Authority of India (AAI) to enable it to take up projects worth up to Rs 500 crore (Rs 5 billion) without taking government approval. Such a decision would also enable AAI to form joint ventures with private companies to modernise airports and aviation infrastructure across the country, sources in the civil aviation ministry said.
