The Union Cabinet on Thursday approved a proposal to allow 100 per cent foreign direct investment (FDI) in public sector refiners, expanding the scope for FDI in the privatisation of Bharat Petroleum Corporation Ltd (BPCL). The approval by the Cabinet will enable the sale of the government's 52.98 per cent stake in BPCL to a foreign buyer, and, at the same time, will open the door for FDI in other public sector companies in the oil sector put up for privatisation.
The bus service was suspended after authorities in PoK did not respond to call from their Indian counterparts.
Ten central trade unions on Friday gave a call for a nationwide strike on May 22 to protest against the suspension of labour laws by some states during the lockdown period, and also decided to take the matter to International Labour Organization (ILO). "The joint platform of Central Trade Unions (CTUs) in their meeting held on May 14 , 2020 took note of the critical situation for the working people in the country during the lockdown period and decided to enhance united actions to meet the challenge," a joint statement by 10 CTUs said.
'The logical step is to challenge the very legitimacy of the Chinese claim over Tibet,' recommends Inspector General Gurdip Singh Uban (retd).
The Chabahar port, located in the Sistan-Balochistan province on the energy-rich Persian Gulf nations southern coast, lies outside the Persian Gulf and can be easily accessed from India's western coast, bypassing Pakistan.
Russia's war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That's because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Russia and Ukraine are major providers of steel and raw materials to the world.
Chief Economic Advisor Krishnamurthy Subramanian said China imports a lot of components, parts, assembles and integrates and then exports them.
'They say 'a picture paints a thousand words', so seeing Rishi Sunak PM at the door of Number 10 can never be taken from us.'' 'It is a symbol that will go down in the history books.' 'It is the very embodiment of me saying to my boys, "You can be who you want to be",' notes James Salins in this must-read feature.
It is not the job of regulators to ensure that users make profits. It is not the job of regulators to prevent people from making losses. It is not the job of regulators to prevent people from doing stupid things, argues Ajay Shah.
Stock markets are expected to remain under pressure this week due to the overhang of US presidential polls and uncertainty over global growth due to resurging cases of coronavirus, according to analysts.
Ukrainian President Volodymyr Zelenskyy warned that if 'negotiations' with Russian President Vladimir Putin fail then 'that would mean that this is a third World War'.
In the wake of reported incursion attempts by China, India on Wednesday said such incidents take place due to difference of perception about boundary and leaders of both the countries are in talks to resolve the issue.
The farmers threatened to intensify their agitation and block more roads if the government did not accept their demand.
According to a police official, the incident occurred when Grover along with the local BJP leaders reached the temple complex as part of their plan to watch from there the live telecast of Prime Minister Narendra Modi unveiling a statue of Adi Shankaracharya at the seer's rebuilt samadhi in Kedarnath.
In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.
'12250 should be considered a reasonable level to re-enter into the market.'
He appears to prefer controlled environments and secure, guided outcomes. In this format, he seems to be at home across scales ranging from a studio-based interview to giant stadiums. It highlights the significance of control in the ruling dispensation's idea of narrative, observes Shyam G Menon.
"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.
The Union government on Tuesday said it has issued 202 notices to e-commerce players for incorrect declaration of 'country of origin' on products on their platforms in the last one year. The maximum number of such violations were found with respect to electronic appliances, followed by clothing and home products. Out of 217 notices, 202 notices were issued for violations relating to 'country of origin' norm.
Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.
The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed divestment target of Rs 78,000 crore this fiscal.
With Tibet to the east and home to three stunning Himalayan ranges, Kinnaur in Himachal Pradesh boasts of a colourful culture and beautiful people, says Geetanjali Krishna.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
The two countries sealed 10 agreements, including the much-publicised transit trade treaty which will end Nepal's total dependency on Indian sea ports for third-country trade.
Families of farmers along with fellow villagers at many places in Punjab, which had once remained the epicentre of the farmers' agitation, will prepare 'ladoos', 'jalebis', 'barfi' and other sweets to welcome them, farmer leaders said.
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
US sanctions against Iran kick in from November 4, which will block payment routes. Sources said India and Iran are discussing reverting to rupee trade after November 4.
Stocks offering attractive dividends contain downside better when the markets correct, advises Sarbajeet K Sen.
The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.
Months after his meeting with Gujarat Chief Minister Narendra Modi, a lawmaker has praised his "honest, transparent and open" governance, which he said is attracting American companies to invest heavily in the Indian state.
If you are serious about countering the Chinese threat, then the best weapon is investing in real freedom, plurality, elections and democracy. Unfortunately, it isn't an approach all Indians currently seem to agree on, asserts Shyam G Menon.
China which rejected the verdict initiated by the Philippines petition has stepped up air and naval patrols to assert its controls over the region.
Mutual funds aspirants have the option of snapping up smaller AMCs or applying for a new licence.
The port is likely to ramp up trade between India, Afghanistan and Iran in the wake of Pakistan denying transit access to New Delhi for trade with the two countries.
Defence and strategic experts on Monday said that China's posturing in the Indian Ocean will disturb stability and peace in the region.
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
One of the biggest advantages of index funds and ETFs is their low cost, points out Sarbajeet K Sen.
Overseas funds have been spooked by several policy measures taken by the government in the past few years
Steps such as safeguard duty in the works to plug the route
