The new governments will have to spend much more than Rs 220 billion in Rajasthan, more than Rs 160 billion in MP, and nearly Rs 30 billion in Chhattisgarh.
Daryl Kimball, executive director of the Washington, DC-based Arms Control Association believes India's expectation of a 'clean exemption' at the Nuclear Suppliers Group meeting scheduled for August 21 is "a fantasy".
This race among parties to woo the farmers mainly stems from the analysis of political pundits that the peasant class played a crucial role in the defeat of the BJP in Rajasthan, MP and Chhattisgarh.
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
Asian Paints was the top laggard in the Sensex pack, falling around 5 per cent, followed by Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Kotak Bank. On the other hand, Tech Mahindra, Sun Pharma, Bharti Airtel and HCL Tech were among the gainers.
The court also modified another condition laid down in the bail order that required him to furnish his itinerary to the NCB every time he travels out of Mumbai.
Addressing a press conference a day after the CBI raid against him, Sisodia expressed apprehension that the agency or the Enforcement Directorate (ED) may arrest him in the next 3-4 days, while Chief Minister Kejriwal, who has been aggressively taking on the Bharatiya Janata Party in Modi's home state, announced on Twitter that he will be touring Gujarat with Sisodia from Monday.
The amount of loans to small and marginal farmers that commercial banks, cooperatives and regional rural banks have been asked to waive is likely to be slightly over Rs 23,000 crore (Rs 230 billion), less than half that estimated by Finance Minister P Chidambaram in his Budget speech. The share of this due to commercial banks is probably around Rs 6,000 crore (Rs 60 billion) the total overdue from all farmers to commercial banks is around Rs 10,000 crore (Rs 100 billion).
In a statement, the ministry of ports, shipping and waterways said it has directed all major ports to accord the highest priority in the berthing sequence to the vessels carrying consignments of medical grade oxygen, oxygen tanks, oxygen bottles, portable oxygen generators and oxygen concentrators.
Farmers, who are pressing for fair price and loan waivers, will march through Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Haryana
Hardik had begun his fast, demanding reservation for Patidars under the OBS category.
Describing it as 'Sankalp Patra', the party in its manifesto promised 33 per cent reservation to women in government jobs and private institutions in the state and free rides in Haryana roadways buses.
While the remainder of the IPL has been shifted to the United Arab Emirates between September 15 to October 15, the BCCI doesn't want to let go the opportunity of hosting the T20 World Cup in October-November.
Reader Karan Desai who studied at the University of Westminster in London, UK shares his story with us.
A bankruptcy appeals court has scrapped billionaire Anil Agarwal-led Twin Star Technologies' winning bid to take over Videocon Industries Ltd on a plea by some creditors that the money offered imposed a steep Rs 62,000 crore haircut upon banks. The National Company Law Appellate Tribunal (NCLAT) asked creditors to initiate the fresh sale of Videocon, a consumer durables company manufacturing products ranging from air-conditioners to washing machines, for recovery of their unpaid Rs 64,637.6 crore. While a majority of lenders had previously accepted Twin Star Technologies' Rs 2,962.02 crore offer, Bank of Maharashtra (BoM) and IFCI Ltd dissented, saying the amount offered was close to the liquidation value of the bankrupt firm and that they cannot be paid less than the liquidation value.
The recent Foreign Trade Policy announcement to waive service tax for exporters had the backing of the Prime Minister, Commerce Ministry sources said on Tuesday.
To bail out Hindustan Copper Limited from its financial morass, the government plans to restructure the company's capital and waive interest on its loan, guarantee fee among others to adjust against HCL's accumulated loss of Rs 723 crore.
That AAP managed a sizeable vote share in Gujarat is creditable. The BJP can no longer ignore AAP's growing presence in its strongest bastion, explains Ramesh Menon, long-time observer of Gujarat politics.
Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai, they said. He is expected to be produced before a court on Wednesday where the ED will seek his custody, they added. The ED has been probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under the PMLA by the agency.
The finance ministry is likely to raise the exemption limit for service tax from Rs 400,000 to Rs 10 lakh (Rs 1 million) in the forthcoming Budget.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
The country's largest lender State Bank of India on Monday said it has reduced interest rates on home loans by up to 10 basis points (bps) and is offering loans starting from 6.70 per cent rate. The new rates are based on loan amount and CIBIL score of the borrower, and are available till March 31, 2021, according to a statement. The bank said the home loan interest rates will start from 6.70 per cent for loans up to Rs 75 lakh and 6.75 per cent for loans in the range of Rs 75 lakh-Rs 5 crore.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
Citing unviable duty structure on key components like flat panels and open cell parts, Samsung had shuttered its TV assembly lines in Tamil Nadu in 2018.
"I have been the chief minister twice with your blessings. I have decided that the 2023 assembly election will be my last fight. It is not for me to come to power or become the chief minister," he said.
Dutch brewing major Heineken on Wednesday said it has acquired an additional 14.98 per cent stake in United Breweries Ltd, taking its total shareholding to 61.50 per cent. "Heineken N.V. today (on Wednesday) announces that it has acquired an additional 39,644,346 ordinary shares in United Breweries Ltd (UBL) taking its shareholding in UBL from 46.5 per cent to 61.5 per cent," Heineken said in a statement. UBL, with its flagship brand 'Kingfisher', is the leading player in the beer market in India.
Earlier this month, the corporate affairs ministry had written to various ministries including telecom, railways and steel seeking directions for public sector units under their administrative control for exempting Satyam from submitting audited balance sheets while bidding for projects of the state-owned firms.
Prime Minister Narendra Modi on Sunday said India is a natural ally for the G7 countries in defending the shared values from a host of threats stemming from authoritarianism, terrorism and violent extremism, disinformation and economic coercion.
He also said the expansion of his cabinet would take place once state Congress leaders get an approval from their high command.
The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.
Private sector lender Kotak Mahindra Bank will handle the salary account of the Indian army personnel, the bank said on Thursday. The bank has signed a memorandum of understanding (MoU) with the Indian Army for salary account. The MoU enables Kotak to offer its salary account proposition, combined with exclusive benefits for the Indian Army, to all army personnel - both active and retired, Kotak said in a release.
A coordination panel comprising senior leaders of the ruling Maha Vikas Aghadi alliance in Maharashtra will look into various aspects of the National Population Register (NPR), Chief Minister Uddhav Thackeray said in Mumbai on Tuesday. Addressing the media in Vidhan Bhavan in south Mumbai, where the budget session of the state legislature is underway, Thackeray said, "Responsible leaders of the three parties will be part of it (coordination committee on NPR)." "I won't let anyone snatch the rights of any citizens of Maharashtra. I am very clear on this," he said, when asked about differences in the ruling alliance over the implementation of NPR in the state.
On average, an account-holder among Punjab farmers availed of crop loans of around Rs 2.23 lakh in the first 11 months of 2016-17.
US Secretary of State Antony Blinken said that the United States is calling on all nations not to have major weapons transactions with Russia. He made these marks after the conclusion of the 2+2 Ministerial Dialogue between the defence and foreign ministers of India and the United States.
The BSE barometer, which had lost over 415 in the previous trading session, today moved up by 461.14 points at 14,944.97. Similarly, wide-based National Stock Exchange index Nifty rose by 130 points at 4,482.30. It touched the day's high of 4,558.00 and a low of 4,358.30 points.
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