Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on Friday said during a discussion on Inequality, Economic Growth and Inclusion. While it is easy to drive capital out, bringing it back is a lot harder, said Nageswaran.
The Sebi board on Wednesday approved a series of measures, including stricter regulatory norms for SME IPOs, a comprehensive overhaul of investment banking regulations, and an expanded definition of Unpublished Price Sensitive Information (UPSI). Also, the board approved reforms to boost ease of doing business for Debenture Trustees, ESG rating providers, InvITs, REITs, and SM REITs.
Simona Halep questioned the "big difference" in how doping cases are treated after world number two Iga Swiatek was handed a one-month drugs ban
'The CM's credibility is on the line.'
They stated that when a soldier fights for the nation, he does so not as a Hindu, Muslim, or any other religion, but as a patriot.
Hasina said she left Bangladesh in August with an aim to stop the violence. However, the situation has deteriorated further, she said.
A high-level panel on 'One Nation, One Election' studied election processes in seven countries including South Africa, Sweden and Belgium before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, and the Philippines. The Union Cabinet approved bills to implement 'One Nation, One Election', and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session.
West Bengal Governor CV Ananda Bose skipped the convocation ceremony of Jadavpur University, alleging that the event was organized in violation of several rules and laws. The governor, who is the chancellor of the university, claimed the convocation was "illegal" and "fraught with malpractices." The university administration refuted the allegations, stating that all procedures were followed and the governor's approval was sought. The incident has sparked controversy, with some accusing the governor of acting at the behest of the BJP government and undermining the autonomy of the university.
The dashboard system introduced by Modi has ensured that everyone gets information about ongoing schemes online without filing RTI applications, Shah said.
Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days.
As a leader, he was ambitious, not for himself but for India and its people. His was not the short-term election cycle calculation of individual political gain. His was a practical vision of how to better the lives of his fellow citizens, asserts Ambassador Shivshankar Menon, who served as foreign secretary and national security advisor when Dr Singh was prime minister.
Samajwadi Party chief Akhilesh Yadav said his party would oppose the Centre's move to bring a bill in Parliament to amend the 1995 law governing Waqf boards, and accused the BJP of trying to snatch the rights of Muslims.
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
Gaikwad, who was Dharavi MLA before being elected to the Lok Sabha in the 2024 general polls, also alleged the redevelopment project was real estate's biggest scam.
Of the total 199 small and medium enterprises (SMEs) listed this year so far, 22 had an issue size of less than Rs 10 crore, which the Securities and Exchange Board of India (Sebi) will no longer allow in the listed ecosystem after its recent consultation paper. The market regulator on Tuesday proposed an overhaul of the rules governing the initial public offerings (IPOs) of SMEs and corporate governance norms for listed SMEs, following concerns over 'systemic risk' seen in the ecosystem with instances of fund diversion and price manipulation.
Finance Minister Nirmala Sitharaman on Monday said the government has come out with open and transparent Budget and has not made any attempt to hide anything under the carpet.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
A Congress worker died during a protest near the Uttar Pradesh Assembly in Lucknow, India, on Wednesday. The Congress party alleged the worker, Prabhat Pandey, died due to "police brutality," while police said he was brought to the hospital unconscious and had no visible injury marks. An investigation is underway, and a post-mortem is to be conducted by a panel of doctors.
'...We should first look at and acknowledge what we have done to ourselves.' 'To not do so opens us to the accusation of rank hypocrisy and also reduces the stature of our globetrotting peaceniks,' asserts Aakar Patel.
He further opined that though as public functionaries, courts were vested with the responsibility to give effect to equity, these judicial bodies were not directly in charge of the manner in which resources were to be distributed.
AITA President Anil Jain, who was accused of using his position for personal gains, avoided facing a no-confidence motion from the state associations only after he agreed to step aside.
The review pleas filed by advocate Mathews J Nedumpara and others contended that the matter related to the scheme falls in the exclusive domain of legislative and executive policy.
The taxpayer-funded licence fee supported UK media corporation said it has contacted the social media giant over the designation on its @BBC account to resolve the issue "as soon as possible".
Bharatiya Janata Party legislature party leader Devendra Fadnavis was sworn-in as new chief minister of Maharashtra while allies Eknath Shinde and Ajit Pawar took oath as deputy CMs at a grand ceremony in Mumbai on Thursday evening.
Police registered a case against more than 200 persons from Markadwadi village and nearby areas in Maharashtra's Solapur for allegedly trying to conduct a 're-election' using ballot papers on Tuesday in an unauthorised manner, officials said.
The Uttar Pradesh government on Friday defended its directive requiring eateries along the kanwar yatra route to display the names of their owners and staff, saying the idea was to bring in transparency, avoid 'potential confusion' and ensure a peaceful yatra.
Markets regulator Securities and Exchange Board of India (Sebi) is stepping up efforts to ease the onboarding of foreign portfolio investors (FPIs) and has constituted a cell for consultations with offshore investors and custodians, said whole-time member Ananth Narayan. Sebi is also working to make regulations more "light-touch" for FPIs that invest exclusively in government securities or are sovereign funds. The regulator is trying to make the registration process easier for such FPIs, the Sebi official said at the CII Financing 3.0 Summit in Mumbai.
Alleging that the West Bengal government headed by Chief Minister Mamata Banerjee has failed to carry out its basic duties to protect the lives and properties of citizens, Governor C V Ananda Bose on Wednesday said that his office is already intervening in the RG Kar impasse under provisions in the Constitution.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
The Congress on Sunday demanded a thorough probe into Siddique's murder and said Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis, who holds home portfolio, should take moral responsibility for law and order "failure" and resign.
After the Competition Commission imposed a Rs 213-crore penalty on Meta in relation to WhatsApp privacy policy, the company said it disagrees with the watchdog's decision and plans to appeal. The Competition Commission of India (CCI) on Monday asked WhatsApp to refrain from sharing user data with other applications, owned by Meta, for advertising purposes for a period of five years.
Union Finance Minister Nirmala Sitharaman on Monday said people are finding current interest rates "very stressful" and urged banks to make them affordable. Speaking at an event organised by State Bank of India, the finance minister said that at present, India requires industry to ramp up and invest in new facilities, and added that lowering lending rates can help achieve the "Viksit Bharat" aspiration.
The parliamentary committee scrutinizing the Waqf (Amendment) Bill has been granted an extension until the last day of the next Budget Session. This decision follows a heated meeting marked by a walkout from opposition members who expressed concerns about the committee's draft report. The committee will visit several states to meet stakeholders and finalize its report.
Alternative investment funds (AIFs) have crossed Rs 5 trillion in terms of funds raised, while the investment commitments have surpassed Rs 12 trillion for the first time as of September, according to data released by the Securities and Exchange Board of India (Sebi).
Maharashtra cabinet on Thursday passed a resolution urging the central government to confer 'Bharat Ratna', the country's highest civilian award, on legendary industrialist late Ratan Tata.
Modi, who met the ministers-designate, said people have huge expectations and everyone will have to deliver, sources said.
The state government and the CM have repeatedly urged the doctors to resume work. Though Thursday's talks failed to take place, protesting doctors maintained that they still desire a meeting, but only in a completely transparent manner, which they believe is only possible through live-streaming.
Prime Minister Narendra Modi on Wednesday underscored tax reforms of the past six years to say India has moved from tax terrorism to tax transparency. Speaking at the inauguration of an office-cum-residential complex of the Income Tax Appellate Tribunal at Cuttack, Modi highlighted the reduction in the corporate tax rate, simplified rate structure for individual taxpayers, faceless appeals and quick refunds.
Agitating junior doctors demanding justice for the deceased woman medic of the Kar Medical College and Hospital and workplace safety continued their hunger strike until death on Sunday in the central part of the Kolkata's Dharmatala area.
'If machines (EVMs) are so reliable, if our electoral system is so reliable, then why has the Election Commission so far not even responded to an ADR plea to share data of 79 (Lok Sabha) constituencies where there's a (alleged) dispute?'
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