Eye on 2024 polls, Andhra Pradesh Budget allocates lion’s share for welfare
AMARAVATI: Keeping its interests in mind ahead of the Assembly elections scheduled for 2024, the Andhra Pradesh government has allocated the lion’s share of the state Budget — more than Rs 54,000 crore of the total Rs 2,79,279 crore — to Direct Benefit Transfer (DBT) schemes, targeting potential voter segments such as pensioners, farmers, students […]
Puducherry Chief Minister announces monthly LPG subsidy of Rs 300
PUDUCHERRY: The Puducherry government on Monday announced a Rs 300 monthly LPG subsidy for the people of the union territory, earmarking Rs 126 crore for the scheme. Chief Minister N Rangasamy made the announcement in the UT budget presented for the year 2023-24. Rangasamy, who detailed the achievements of various departments said the government had […]
Xi Jinping’s confidant Li Qiang China’s new Premier
BEIJING: China’s Parliament on Saturday confirmed President Xi Jinping’s trusted ally Li Qiang as the new Premier to revive the world’s second-largest economy hit by three years of ‘zero-Covid’ restrictions and worsening ties with the West. Li Qiang, 63, succeeds Li Keqiang, 67, who held the post for 10 years. The annual session of the […]
Adani group seeks to sell stake in Ambuja Cements for $450 million
NEW DELHI: Gautam Adani is seeking to sell a stake in Ambuja Cements for about $450 million, the Financial Times reported on Friday, citing people familiar with the matter. Adani on Thursday made a formal request to international lenders to sell 4 per cent to 5 per cent in Ambuja Cements, his cement business, the […]
Devendra Fadnavis presents Maharashtra government’s maiden Budget in Assembly
MUMBAI: Maharashtra Deputy Chief Minister Devendra Fadnavis, who is also the state Finance Minister, on Thursday presented the Eknath Shinde-led government’s first Budget for the year 2023-24 in the state Assembly. Fadnavis started reading out the budgetary allocations in the Lower House of the state legislature at 2 pm. He read out the budgetary provisions […]
India’s Finance Ministry tightens definition of ‘beneficial owners’ under PMLA
NEW DELHI: India’s Finance Ministry has tightened the definition of beneficial owners under the anti-money laundering law, mandating reporting entities like banks and crypto platforms to collect information from their clients. As per the amendments to the Prevention of Money Laundering Act (PMLA), 2002 any individual or group holding 10 per cent ownership in the […]
FedEx to open first advanced capability community in India
NEW DELHI: FedEx has announced plans to open its first Advanced Capability Community (ACC) in Hyderabad, India in 2023. The opening is part of a broader multi-year initiative to strengthen the recruitment and development of the company’s diverse workforce all around the world and build a more efficient and agile organization to enhance how we […]
Maharashtra’s economy expected to grow by 6.8% in 2022-23: Economic Survey
MUMBAI: Maharashtra’s economy is expected to grow by 6.8 per cent in FY 23 as against the projected growth of the Indian economy by 7 per cent, as per the Economic Survey 2022-23 tabled in the state Legislative Assembly on Wednesday. The agriculture and allied activities sector will grow by 10.2 per cent in the […]
Punjab body GMADA fetches Rs 1,935 crore from e-auction of properties
CHANDIGARH: The e-auction of various properties of the Greater Mohali Area Development Authority (GMADA) has received a thumping response as the authority fetched Rs 1935.88 crore from the process, said an official statement here on Tuesday. It said the auction process, which commenced on February 17, concluded on Monday evening. Properties auctioned include group housing, […]
Arvind Kejriwal inaugurates Ashram flyover after months of closure
NEW DELHI: Delhi Chief Minister Arvind Kejriwal on Monday inaugurated the Ashram flyover extension that would bring a huge relief for people commuting between Delhi and Noida. PWD engineer-in-chief Anant Kumar said that for now, light vehicles will be allowed on the extended flyover. “Woes of people have ended, those coming from Noida can reach […]
Why didn’t Sebi get to bottom of issues raised by Hindenburg, asks Former RBI governor
NEW DELHI: Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? […]
Congress accuses Narendra Modi government of ‘favouritism’ in small arms deal with Adani Group
NEW DELHI: The Congress on Thursday accused the Narendra Modi government of indulging in “blatant favouristism” and giving the Adani group “undue advantage” in major small arms contracts for the armed forces. Posing a set of three questions to Prime Minister Narendra Modi as part of the party’s “Hum Adani ke Hain Kaun” series, Congress […]
Only JPC probe into Adani row can bring out truth: Congress
NEW DELHI: The Congress on Thursday said no panel other than a joint parliamentary committee can bring out the truth in the Adani row and the industrialist’s relationship with the prime minister and asserted that it will raise the demand in Parliament when it meets again on March 13. Congress general secretary, communications, Jairam Ramesh […]
Adani-Hindenburg report: Supreme Court orders setting up of six-member committee to probe recent share market crash
NEW DELHI: The Supreme Court on Thursday, 2 March, ordered the setting up of a six-member committee headed by former apex court judge AM Sapre to look into various regulatory aspects for stock markets, including the recent Adani Group shares crash triggered by Hindenburg Research’s fraud allegations. A bench of Chief Justice DY Chandrachud and […]
India’s GST collections rise 12% to Rs 1,49,577 crore in February
NEW DELHI: The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on […]
Rajesh Malhotra takes charge as Principal Director General, Press Information Bureau
NEW DELHI: Rajesh Malhotra has today assumed charge as Principal Director General, Press Information Bureau (PIB). Malhotra takes over after the superannuation of Shri Satyendra Prakash yesterday. Previously, Malhotra, an Indian Information Service (IIS) Officer of the 1989 batch, had been working in Ministry of Finance since January 2018. During the critical COVID-19 Pandemic, he […]