Category: World

The Enforcement Directorate on Friday alleged that Delhi minister and AAP leader Raaj Kumar Anand has been accused by the Directorate of Revenue Intelligence (DRI) of making hawala payments to China and evading customs duty of Rs 7 crore on imports. The federal probe agency raided the premises of the 57-year-old minister in connection with […]

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The International Labour Organisation has said the 70-hour work-week is not mandated under any national law in any country. Instead developed nations are moving towards the ILO’s latest convention that mandates a 40-hour work-week in place of the 48- hour work convention, which was ratified by several countries including India way back in 1921. This […]

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NEW DELHI: In a bid to streamline the Corporate Insolvency Resolution Process (CIRP) and prevent delays in the execution of the resolution plans, the Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper and proposed amendments to the existing regulations. The proposed amendments suggest to structure the resolution plan in two parts […]

The post Insolvency Board Seeks

MUMBAI: Indian Inc raised as much as ₹5.33 trillion during the first seven months of this fiscal through corporate bond issuances, up by 3.2% compared to the same period in FY22. While the fund raised has improved marginally, what is surprising is the sharp slowdown since July. The fund raised through corporate bonds fell a […]

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NEW DELHI: Two major industry issues which has divided telecom operators and big tech firms — regulation of OTT (over-the-top) communication services and allotment of satellite spectrum – are unlikely to be resolved anytime soon. This is because the Telecom Regulatory Authority of India (Trai) which has to submit its recommendations on the same to […]

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MUMBAI: Switzerland-based Zurich Insurance Group will acquire a 51 per cent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore through a combination of fresh capital infusion and share purchase. This will be the largest investment by a global strategic insurer in an Indian non-life insurance firm. Kotak

By Nitya Chakraborty Nikhil Chakravartty, a pioneering figure in Indian journalism for more than four decades of the last century, is being deeply missed by sections of the media fighting hard to protect the hard-won freedom of the press against the onslaughts of the Narendra Modi government. In the second half of the twentieth century,

By Dr. Gyan Pathak Concerns expressed during the final three days hearing on petitions challenging the constitutional validity of the Electoral Bond Scheme case were too serious to be resolved immediately, and hence the Bench hearing the case decided not to announce the verdict instantly at the conclusion of hearing on November 2, but reserved […]

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By Arun Srivastava Never before in the history of parliamentary functioning the prolocutor of any legislative panel has come under such blistering criticism of character assassination and misogynistic perversion as Vinod Kumar Sonkar, the chairman of the Lok Sabha Ethics Committee. There is no apparent reason to suspect the allegation levelled against him by TMC […]

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By Girish Linganna China’s position on the Gaza conflict has left Israel disappointed. As Israeli forces have carried out airstrikes and ground operations in response to Hamas’ early October attack, Beijing has consistently accused Israel of exceeding the bounds of self-defence in its retaliation. Furthermore, China vetoed a U.S.-led United Nations resolution that reaffirmed the […]

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A day after Samajwadi Party indicated it would contest 65 of the 80 Lok Sabha seats in Uttar Pradesh in 2024 polls, party chief Akhilesh Yadav said members of the INDIA bloc will not be disappointed and will be given proper honour and respect. Yadav also said it is now clear that there will be […]

The post INDIA alliance

Maratha quota activist Manoj Jarange on Thursday ended his nine-day indefinite fast, but warned of a bigger agitation if no action was taken in two months on giving reservation benefits to the community. He said he will lead a massive march to Mumbai if no decision was taken within two months and, then, people of […]

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Bihar Chief Minister Nitish Kumar on Thursday blamed the Congress’ preoccupation with assembly polls in five states for the INDIA coalition’s inability to build on the momentum it had gained in recent months. The JD(U) leader’s remarks came at a rally held in Patna by the Communist Party of India which was evocatively themed ‘Bhaajpa […]

The post Nitish

“I’m the chief minister, I will continue,” stressed a visibly displeased Karnataka Chief Minister Siddaramaiah when he was questioned about the rumours of change in guard after completion of 2.5 years — a question that has been hovering since the day he took over the reins of the state for the second time in his […]

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A day before Trinamool MP Mahua Moitra appears before the Lok Sabha’s Ethics Committee, probing BJP MP Nishikant Dubey’s “cash-for-query” allegations against her, sources privy to the matter alleged that nearly 47 log-ins to her parliamentary account were made from Dubai. He has accused Ms Moitra of asking questions, which were keyed in through her […]

The post Mahua account accessed

MUMBAI: India has a substantial amount of dry capital, and companies can still raise funds even during a funding slowdown in the Indian startup ecosystem, said experts at the India Fintech Awards (IFTA) 2023 panel in Mumbai. “There is no funding winter. If you look historically, 2023 as opposed to 2015, 2013 or 2009, we […]

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The upcoming assembly election is not just about Rajasthan, it is also about Congress’ future, Chief Minister Ashok Gehlot said on Wednesday, and added that the country needed the party. Urging party leaders to reject politics and make Congress candidates win the polls, Gehlot said that such leaders could later be given official positions by […]

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NEW DELHI: Expanding cross-border linkages in the Bay of Bengal region, Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina on Wednesday jointly inaugurated three India-assisted development projects in railways, power and port sectors. The three projects, Akhaura-Agartala Cross-Border Rail Link, Khulna-Mongla Port Rail Line, and Unit–II of the Maitree Super Thermal Power Plant, […]

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NEW DELHI: Amid intense last-round discussions leading up to climate meet — Conference of Parties (COP) 28 — in the UAE, India is among the countries pitching for opening up loss and damages fund (LDF) for developing nations like itself and not limit it to small island and least developed nations. India feels that it […]

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NEW DELHI: Heightened cost pressures and a decline in demand in the consumer goods sub-sector saw manufacturing activity fall to an eight-month low in October. During the month, the Purchasing Managers’ Index (PMI) fell for the second consecutive month to 55.5 from 57.5 in September, the latest survey released by S&P Global on Wednesday showed.

MUMBAI: Private equity and venture capital (PE/VC) investments rose 60% on a YoY basis in Q32023 and touched $13.6 billion, said consulting and audit firm EY India in its latest PE newsletter. However, they were 5% lower than 2Q2023. The number of deals in 3Q2023 was lower by 18 % on YoY basis, it said […]

The post PE/VC Investments

By Dr. Gyan Pathak Election campaigns in India are no longer free and fair. There is no level playing field for  the opposition parties   s    against   the    ruling   BJP. Dominant share of funds is collected by the BJP under electoral bond scheme chiefly on account of its being privileged ruling political party. Opposition just can’t […]

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By P. Sudhir Union Minister Rajeev Chandrasekhar, by seeking to make communal capital out of the bomb blasts at a Christian group gathering in Kalamassery in Kerala, has exposed the vicious nature of the campaign the BJP-RSS circles are conducting regarding Israel’s war on Gaza. Chandrasekhar, immediately after the blasts, hinted that jihadi elements had […]

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By Girish Linganna Israel has reinforced its air defences in the Red Sea region using Navy missile boats due to multiple missile and drone attacks by Iran-backed Houthis in Yemen, the army announced on Wednesday. The deployment of these vessels took place on Tuesday, as it was deemed necessary in response to the situation. This […]

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By Krishna Jha It was the largest mass involvement in the world that was engaged in Freedom struggle in our country, except the rightist forces. They had no share in it. Nor did they have any share in strengthening the secular democracy borne out of the freedom struggle or in the national

Arvind Kejriwal may skip his ED appearance today after he in his reply to the central agency said that the summon issued to him was illegal, politically motivated and given on request of BJP. Delhi Chief Minister and Aam Aadmi Party (AAP) supremo Arvind Kejriwal has been asked to appear before the Enforcement Directorate (ED) […]

The post Kejriwal to skip today’s

West Bengal Chief Minister Mamata Banerjee on Wednesday hit out at the BJP-led central government, alleging that it was conspiring to arrest all opposition leaders before next year’s Lok Sabha polls and cast votes for themselves in an empty country. Delhi Chief Minister Arvind Kejriwal has been summoned by the ED for questioning in an […]

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Trinamool Congress MP Mahua Moitra is set to appear before the ethics committee today in the cash-for-query case. Just ahead of her appearance, the MP shared a copy of the letter that she had written to the panel on Wednesday. Moitra has been embroiled in a political controversy, following BJP MP Nishikant Dubey’s letter to […]

The post Mahua appearing before

As the unrest over the Maratha reservation continues in Maharashtra, Chief Minister Eknath Shinde on Wednesday chaired an all-party meeting and sought more time for deliberation on the issue. After the all-party meeting, Shinde said the all-party meeting decided that reservation should be given to the Maratha community without tampering with the existing quotas of […]

The post All-party meet agrees

The Indian Railways has imposed restrictions on the movement of lithium and lithium-ion batteries in leased parcel space of trains, impacting the movement of laptops, mobile phones, and small electric vehicles, among other commodities—using the railways’ parcel service. The railways has mandated a 48-hour prior notice for transport of lithium batteries or powered equipment. “The […]

The post Railways Restricts

By Arun Srivastava RSS approach and discernment of the elections, particularly the Lok Sabha polls, has undergone significant paradigm shift after the Modi-led BJP government coming back to power in 2019. While the BJP win in 2014 Lok Sabha elections primarily owed to the failures of the Congress party to keep neoliberal policies of the […]

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NEW DELHI: The Centre’s fiscal deficit in the first half of this fiscal year touched 39.3% of the annual target, up from 37.3% a year before but it remained under control after a spike until July, showed official data released on Tuesday. A tight leash on revenue expenditure over the past two months on top […]

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NEW DELHI: In the second quarter of FY24 (July-September), the state-run Indian Oil Corporation Ltd (IOCL) saw a remarkable turnaround as its consolidated net profit soared to Rs 13,713 crore, bouncing back from a loss of Rs 910 crore in Q2 FY23. However, on a sequential basis, the net profit exhibited a 7 per cent

New Delhi: The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to Rs 9,800 per tonne from Rs 9,050