In October, the total FIIs selling through exchanges was Rs 113,858...
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Indian billionaires more than doubled to 185,their total wealth almost tripled to $ 905.6 bn in last 10 yrs, says UBS report
From 2015 to 2020, billionaire wealth grew globally at an annual...
Sebi revamps investor charter to boost transparency, grievance redressal
The revamped charter aims to enable investors to better understand...
COVID-19: India logs 44,643 new cases, 464 fatalities
Cumulative vaccine doses administered so far have reached 49.53 crores under the nationwide vaccination drive.
Lok Sabha passes bill to end all retrospective taxation
The Finance Act 2012, which amended various provisions of the Income Tax Act, 1961 with retrospective effect, contained provisions intended to tax any gain on transfer of shares in a non-Indian company, which derives substantial value from underlying Indian assets, such as Vodafone’s transaction with Hutchison in 2007 or the internal reorganisation of the India business that Cairn Energy did in 2006-07 before listing it on local bourses.
Medium, heavy passenger EVs increase from 124 in 2018 to 1,356 as on date: Gadkari
In a written reply to a query in the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said the number of electric vehicles registered for transport of cargo has increased from 6,246 in 2018 to 27,645 as of date, according to Vahan 4 records.
Gadkari said that under the Phase-I of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, 425 electric buses were supported.
Sebi board agrees in principle to ‘controlling shareholders’ concept
The board noted that the investor landscape is now changing, with private equity and institutional investors holding significant shareholding in listed companies. ”In recent years, a number of businesses and new-age companies with diversified shareholding and professional management that are coming into the listed space are non-family owned and/or do not have a distinctly identifiable promoter group,” the board said.
Downbeat Indian consumers withhold spending amid pandemic, says RBI survey
“The sentiments on overall spending remained unchanged as higher spending on essential items were offset by a drop in non-essential expenditure with consumers expecting further contraction in discretionary expenditure in the year ahead,” the RBI said.
With forecasters warning of a third wave, any new restrictions could spell more bad news for the country, where private consumption makes up some 60% of gross domestic product.
J&J seeks emergency use nod for COVID-19 vaccine in India
Indian health authorities have so far approved the use of vaccines developed by AstraZeneca, Bharat Biotech, Russia’s Gamaleya Institute and Moderna.
The government and Moderna are still trying to sort out issues over imports of the vaccine and indemnity, a top executive at Indian drugmaker and Moderna’s local distribution partner Cipla told Reuters in an interview on Friday.
India withdraws controversial retrospective tax bill, to settle tax disputes with global firms
“This decision helps to clarify our position with the investors,” said Tarun Bajaj, revenue secretary at the finance ministry, channel, adding it would help solve pending cases with Cairn Energy and Vodafone if they withdraw litigation and meet certain conditions.
The government’s proposed amendment in the law comes after a French tribunal last month ordered a freeze on some 20 centrally located properties belonging to the Indian government as part of a guarantee of the amount owed to Cairn.
COVID-19: Orphaned children aged upto 18 to get free health insurance of Rs 5 lakh
The objective of the scheme is to ensure comprehensive care and protection of children in a sustained manner, and enable their well-being through health insurance, empower them through education and equip them for self-sufficient existence with financial support on reaching 23 years of age.
Judge-population ratio stood at 21.03 judges per million people in 2020
The judge-population ratio in 2018 stood at 19.78 judges per million people and 20.39 in 2019, Law Minister Kiren Rijiju told the Upper House in a written reply.
In order to calculate the judge-population ratio for per million population in a particular year, the Department of Justice in the Ministry of Law, uses the population count as per 2011 census and available information regarding sanctioned strength of judges in Supreme Court, high courts, district and subordinate courts, in the particular year, he said.
Bengal flood situation remains critical; 3 lakh affected
The number of deaths due to the deluge remained unchanged at 23 as no fresh fatality was reported from any of the seven affected districts where around three lakh people have been shifted to rescue centres.