The resolution process for Binani Cement may land up in the Supreme Court again with Dalmia Bharat keeping its options open to seek legal remedy once more if it remained unsatisfied with appellate tribunal’s proceedings for a stay on UltraTech’s bid for the insolvent entity.
Plan and Policy
Plan & Policy
A massive controversy rocked Karnataka after nearly 10,000 “fake” voter ID cards were seized from a flat in Rajrajeshwari Assembly seat, prompting the BJP to demand countermanding of the election claiming Congress was behind the racket, a charge dismissed by the latter as a “lie”.
With just three days left before Karnataka goes to poll, the BJP and Congress, the two main contenders for power, went after each other, claiming the flat belonged to a woman associated with the rival party.
The commerce ministry is working with different ministries to formulate separate plans for 12 services sector, including information technology (IT), tourism and logistics, with a view to boost growth in these segments, a top government official said on Wednesday.
In February, the government approved an action plan for 12 ‘champion’ services sectors, including IT, tourism and hospitality, for realising their potential through establishment of a Rs 5,000 crore dedicated fund.
A search panel headed by the cabinet secretary will interview nine short-listed candidates tomorrow to find a successor to RBI deputy governor SS Mundra, who completed his three-year term in July last year.
Out of about 40 applications received, the financial sector regulatory appointment search committee (FSRASC) has short-listed nine names who will appear for interview scheduled on Thursday, sources said.
The Indian economy is gradually coming out of the twin shock of demonetisation and GST rollout, which temporarily derailed growth, India Ratings said.
It, however, cautioned on the possible widening of current account deficit (CAD) due to rising oil prices, which was creating pressure on the currency. “Our research has shown that major macro parameters like manufacturing, capital goods production, non-food credit and comsumption are showing signs of recovery,” India Ratings chief economist Devendra Pant said.
The Indian economy is expected to grow at 7.4 per cent in the current financial year and accelerate further to 7.8 per cent as it recovers from the impact of demonetisation and GST rollout, IMF said on Wednesday.
Justice J Chelameswar, the senior most judge of the Supreme Court who spearheaded a revolt in January along with three other senior judges, Ranjan Gogoi, Madan Lokur and Kurian Joseph, on Wednesday, declined the request of the Supreme Court Bar Association to accept a farewell in his honour on the eve of his superannuation next week.
Though Justice Chelameswar will formally retire on June 22 which falls during summer vacation. His last working day is May 18. As per the convention farewell functions are organised by the SCBA on the last working day.
The days of lower oil import bill seems to be over for India with the numbers all set to breach the $100 billion mark in FY 19 after a gap of nearly three years. Lower crude oil prices coupled with stronger rupee had almost halved what the country paid for meeting its domestic energy demand.
Chief Justice of India Dipak Misra on Tuesday got a relief after two Congress MPs, challenging Rajya Sabha chairman M Venkaiah Naidu’s order rejecting the impeachment notice against him, withdrew their petitions from the Supreme Court. The SC expressed its reluctance to go into their contention questioning the setting up of a larger bench to hear the matter.
Most foreign investors have ‘priced in’ a second term for the Narendra Modi government in the 2019 general elections, says a multi-country survey of investors done by global research firm UBS.