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Companies Act panel wants penalties cut, sections decriminalised
The company law committee has recommended a fresh overhaul of the Companies Act to ease filing and compliance requirements while proposing decriminalisation of several provisions and lower penalties for small companies and startups. The government is looking to speed up amendments with the corporate affairs ministry expected to move a bill in the current Parliament session. -
Companies Act panel wants penalties cut
The company law committee has recommended a fresh overhaul of the Companies Act to ease filing and compliance requirements while proposing decriminalisation of several provisions and lower penalties for small companies and startups. The government is looking to speed up amendments with the corporate affairs ministry expected to move a bill in the current Parliament session. -
No claimants for 10% of Jaypee Infratech flats
With no claimants for 2,500-3,000 flats in Jaypee Infratech projects so far, “ghost buyers” are providing the latest twist in the two-year-old insolvency resolution process for the high-profile real estate and roads company. -
Tata Steel plans to cut jobs, but not in India
Tata Steel plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday. -
Bharti Airtel, Vodafone Idea to hike tariffs from December 1
The ongoing telecom crisis is set to hit the customers hard with two of the country`s largest telcos -- Bharti Airtel and Vodafone -- deciding to hike tariffs from December 1 after they posted historic losses on account of provisioning for the AGR pending dues. -
Boris Johnson hails tea exports to India on election campaign trail
Addressing the Confederation of British Industry's (CBI) annual conference in London, Johnson tried to hard-sell his Brexit agreement in order for the UK to leave the European Union (EU) within the January 2020 deadline and provide businesses the certainty they have been demanding. -
Major reforms in last 5 yrs to boost investments: FM
The government has brought in major reforms to boost investment climate in the country for becoming a $5-trillion economy, finance minister Nirmala Sitharaman said in Parliament on Monday. Sitharaman said India's gross domestic product growth during 2014-19 averaged 7.5 per cent, which was the highest among G-20 countries. -
Transfer of surplus money from RBI in future to depend on income, expert panel suggestions: FM Nirmala Sitharaman
The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said in a written reply to Lok Sabha. -
'Replacing Pratt engines by Jan-end a challenge'
Replacing all Pratt & Whitney (P&W) engines on IndiGo’s fleet of almost 100 Airbus planes by January 31, as ordered by Directorate General of Civil Aviation (DGCA), will be challenging but the airline aims to complete the work, its chief executive officer said on Monday. -
India ranks 59 on IMD World Talent Ranking Report
India also witnessed one of the sharpest declines among Asian economies owing to low quality of life, negative impact of brain drain, and the low priority of its economy on attracting and retaining talents. -
Govt mulling to reduce upfront payment for larger coal blocks to attract investors
The matter had come up for discussion during the meeting of a high-level committee under the chairmanship of Niti Aayog Vice-Chairman Rajiv Kumar last month, sources privy to the development said. -
World goods trade may remain below trend in Q4 2019: WTO
The forecast does not augur well for India as the country's exports contracted for a third month in a row in October by 1.11 per cent to USD 26.38 billion. -
'Festive demand led to 0.3% growth in PV sales'
Heavy industries and public enterprises minister Prakash Javadekar on Monday said a total of 11.7 million vehicles of all categories were sold this year as against 14.1 million units in the April-September 2018 period, but festive demand this year led to a 0.3 per cent growth in the passenger vehicles segment. -
Vodafone Idea to raise mobile services rates from December 1
Debt-ridden telecom operator Vodafone Idea on Monday said it will raise mobile services rates from December 1 in the wake of ongoing financial stress. "To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in a statement. -
Vodafone Idea to raise mobile services rates
Debt-ridden telecom operator Vodafone Idea on Monday said it will raise mobile services rates from December 1 in the wake of ongoing financial stress. "To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in a statement. -
Voda Idea, Airtel to raise mobile services rates
Telecom operators Vodafone Idea and Bharti Airtel on Monday said that they will raise mobile services rates in to make business viable.
"To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019," Vodafone Idea said in a statement. -
IT cos may cut 30,000-40,000 staff: Ex-Infy CFO
India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, IT industry veteran T V Mohandas Pai said on Monday. -
Declare tax dues before this date and avoid penalty, interest: Solve tax disputes under this scheme
Under the government scheme, those who make voluntary announcements before 31 December 2019 for their unpaid dues will not attract any penalty or interest. -
Sensex, Nifty end flat; Bharti Airtel, Tata Steel, UPL, Hindalco Industries major gainers
In the volatile trade session on Monday (November 18), the benchmark indices ended marginally lower. The Sensex was down 72.50 points at 40284.19, while Nifty was down 11 points at 11,884.50. Among major gainers on the Nifty include Bharti Airtel, Tata Steel, UPL, Hindalco Industries and BPCL, while major losers were Yes Bank, M&M, Bajaj Auto, Britannia Industries and Hero MotoCorp. -
Fiscal stimulus needed to revive India#39;s stuttering economy: Analysts
Growth in Asia#39;s third-largest economy has been hit by weak consumer demand and slower government spending amid pressures from the Sino-U.S. trade war, and more recent economic data suggests growth could fall further. -
GST’s unfinished agenda: Fundamental changes needed to fulfil its purpose; veteran official weighs in
Even as goods and services tax (GST) may have completed two years since introduction, it’s still an unfinished agenda, said 15th Finance Commission Chairperson NK Singh said at the National Taxation Awards on Monday. -
Government notifies Steel Scrap Recycling Policy: Dharmendra Pradhan
Pradhan said the policy prescribes guidelines for setting up and responsibilities of dismantling centre and scrap processing centre, roles of aggregators and responsibilities of the government, manufacturer and owner. -
India continues to be fastest growing economy; will be $5 trillion economy by 2025, says Union Minister Anurag Thakur
The Union minister of state for finance said India continues to the fastest growing economy in the world even though many countries in the world are facing economic slowdown. -
India’s economy perched in precarious state, writes former prime minister Manmohan Singh
Former prime minister and senior Congress leader Manmohan Singh on Monday painted a wavering picture of India's economy stating that it is "perched in a precarious state currently". "India’s economy is perched in a precarious state currently. Incomes are not growing. Household consumption is slowing. People are dipping into their savings to maintain similar levels of consumption. Headline GDP growth is accruing almost entirely to the creamy layer at the top," asserted Singh. -
Indians studying in US rise 2.9% in 2018-19
The US continues to be a popular destination for Indian students, though fewer are flying out because of unfriendly visa and immigration policies. The Indian student population in the US went up by 2.9% in 2018-19, as compared to 5.4% in 2017-18. The slide is reflected in the fall in fresh enrolments. -
Desi student population in US crosses 2 lakh-mark
The US continues to be a popular destination for Indian students, though fewer are flying out because of unfriendly visa and immigration policies. The Indian student population in the US went up by 2.9% in 2018-19, as compared to 5.4% in 2017-18. The slide is reflected in the fall in fresh enrolments. -
Desi student population in US crosses 2 lakh, but fewer are going there
The US continues to be a popular destination for Indian students, though fewer are flying out because of unfriendly visa and immigration policies. The Indian student population in the US went up by 2.9% in 2018-19, as compared to 5.4% in 2017-18. The slide is reflected in the fall in fresh enrolments. -
Electoral bonds became instruments of anonymous donations: Congress
Congress#39; chief spokesperson Randeep Surjewala cited a media report, which claimed that the government, in a bid to seek "secretive funds", "overruled" the Reserve Bank of India on the issue of introducing electoral bonds. -
Your shopping will drive India’s economy; this is where GDP growth will come from
Shopping more can help India's GDP growth as the private consumption expenditure will continue to drive around 60% of the nominal GDP in the current financial year. -
India looks to relax norms to attract global coal miners, industry sceptical
India plans to float global tenders for the first time for coal mining blocks before end-2019, sources familiar with the matter told Reuters in August, a move that could end Coal India Ltd#39;s near-monopoly on the fuel. -
Govt notifies Steel Scrap Recycling Policy: Dharmendra Pradhan
Union Steel and Petroleum Minister Dharmendra Pradhan said in Lok Sabha that the policy framework provides standard guidelines for collection, dismantling and shredding activities in an organised, safe and environmentally sound manner. -
No 5% slump; India continues to be fastest growing economy: Govt
During Question Hour, Thakur also said that a number of steps are being taken by the government to strengthen the economy that includes merger of banks and tax concessions to industries. -
No 5% slum; India continues to be fastest growing economy: Govt
During Question Hour, Thakur also said that a number of steps are being taken by the government to strengthen the economy that includes merger of banks and tax concessions to industries. -
Bank deposit insurance may be hiked to Rs 5 lakh: Report
A separate scheme could be chalked out for wholesale depositors at Rs 25 lakh, a media report suggests -
Declare unseasonal rains in Maharashtra as natural calamity: Shiv Sena MPs to govt
Unseasonal rains in Maharashtra have damaged crops on 70 lakh hectares of land, State Maharashtra Finance Minister Sudhir Mungantiwar had said a couple of days earlier. -
India sent over two lakh students to US in 2018-19, second largest after China: Report
India sent more than 2,02,000 students to the US in 2018-19, the second largest after China which for the tenth consecutive year remained the largest source of foreign students in America, according to a report released on Monday. -
'India sent over two lakh students to US in 2018-19'
India sent over 2,02,000 students to the US in 2018-19, the second largest after China which for the tenth consecutive year remained the largest source of foreign students in America, according to a report. The number of foreign students in the US set an all-time high this academic year, also the fourth consecutive year with over one million international students. -
Nifty, Sensex tick up; PSU banks lead gains
Shares edged higher on Monday, driven mostly by a surge in banking stocks after the top court last week provided relief to lenders in a case related to a steel company and on hopes of more support from the government towards ailing sectors. The Supreme Court on Friday cleared the path for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, and the judgment comes as a big reprieve for banks which are struggling with bad loans worth $140 billion. -
RBI’s Shaktikanta Das faces an increasingly tough balancing act as economy loses steam
The economy is losing steam on many fronts, the banking sector remains saddled with one of the world’s worst bad-debt loads and the government’s fiscal targets are slipping by the day. -
Congress must lead Oppn in Parliament to expose #39;utter mismanagement#39; of economy: Chidambaram
In a tweet, posted by his family on his behalf, Chidambaram said, "When Parliament opens today, Congress must lead the Opposition to expose the utter mismanagement of the economy." -
Tamil Nadu Deputy CM Panneerselvam meets industrialists in US to attract investments
During his visit, Panneerselvam took part in various engagements, met industrialists and senior officials from the World Bank. He also discussed the construction of low-cost houses using technology, according to an official release said. -
India Inc screens recruits most, but not in-depth
India Inc has emerged as the most stringent market globally for conducting background verification for job candidates despite the fierce talent war and cost pressure across sectors. -
Mutual fund inflow into equities halves in Jan-Oct
Mutual fund investment in stock markets halved to Rs 55,700 crore in the first 10 months of the year because of lower participation from retail investors. -
Closing down sick PSUs: Only these 2 tiny firms shut down in 3 years, out of 20 identified
Some of the companies identified for strategic disinvestment by NITI Aayog might also be shut down as buyers have not showed interest. These include Engineering Project (India), Hindustan Prefab and Hindustan Fluorocarbon. -
RCEP remains distant dream; India’s return to this free trade agreement not imminent
In fact, to prevent such circumference, India’s existing free trade agreements (FTAs) with Asean, Japan and South Korea already link duty concession to a 35% value addition, according to analysts. -
'Plan to shield IBC cos from PMLA against promoters'
The government is looking to address concerns over the Enforcement Directorate’s decision to attach properties of Bhushan Power and Steel, raising questions over its resolution under the Insolvency and Bankruptcy Code (IBC), finance minister Nirmala Sitharaman has told TOI. -
Winter session: IBC, BRA Bills top economic agenda
The Insolvency and Bankruptcy Code (IBC) Amendments Bill will seek to raise the number of home-buyers who can invoke insolvency proceedings against realty developer and also introduce individual insolvency and cross-border insolvency regimes.
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