Page 21 - Indian Government

Govt likely to invite preliminary bids for IDBI Bank stake sale next month

The government is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages, an official said. "There are still some pending issues that need to be discussed with the Reserve Bank of India and Securities and Exchange Board of India. We are hopeful of issuing the EoI by September," the official told PTI. The official, however, did not divulge details of regulatory issues on which the government is holding discussions with banking and equity market regulators RBI and Sebi, respectively. "Since IDBI Bank would be first of its kind with regard to privatisation in the banking sector, we are expecting a lot of investor queries to come in once the Expression of Interest (EoI) is floated. The stake sale is unlikely to conclude this fiscal," the official added. The Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May

Govt working to avoid panic over rice with targeted curbs on export

India accounts for 40% of the global rice trade so any change in its export policy has huge implications for the billions of people who depend on the staple

Digital currency: The govt would do well not to get carried away on CBDC

If financial inclusion is the goal of issuing CBDCs, it might not be worth it since UPI has been fairly successful in achieving it

The fake 'freebie' debate

The model of state government-led provision of welfare is under sustained attack, and that's not good news for India

Govt may try new currency swap to help developing economies avert default

This is backed by trade in minerals, which is essential for India to build chip industry, expand renewable energy

Sectors, states' efforts needed to get 500 GW renewable capacity: Khuba

Concerted efforts from all sectors and states are vital for India to achieve the target of 500 gigawatt renewable energy capacity by 2030, Union Minister of State for New and Renewable Energy and Chemicals and Fertilizers Bhagwanth Khuba has said. He lauded the role played by the states in the renewable energy sector by saying that their joint efforts with the Centre resulted in the country achieving the goal of 175 GW of clean energy capacity this year itself, set by Prime Minister Narendra Modi as per the 2015 Paris agreement, a press release issued by PIB said. The Paris agreement is an international treaty on climate change which aims at limiting global warming to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels, according to the United Nations Climate Change website. The minister was speaking at the 8th foundation day celebration of the Association of Renewable Energy Agencies of States (AREAS) hosted by it and Government of ..

Bihar Oppn leader levels corruption allegations against state labour dept

Leader of Opposition in Bihar Assembly, Vijay Kumar Sinha, levelled serious allegations on Nitish Kumar government for taking grants from the Centre in lieu of a placement portal

Govt bans export of wheat flour, maida, semolina to curb rising prices

After banning wheat exports in May, the government on Saturday prohibited exports of wheat flour, maida, semolina and wholemeal aata with a view to curb rising prices. Notifying a decision of the union Cabinet, the Directorate General of Foreign Trade (DGFT), however, said that exports of these items would be allowed subject to permission of the government of India in certain cases. "Export policy of items (wheat or meslin flour, maida, semolina, wholemeal aata, and resultant aata) is amended from free to prohibited," according to the DGFT's notification. Semolina also includes rawa and sirgi. It added that the provisions under the foreign trade policy 2015-20, regarding transitional arrangements, will "not" be applicable under this notification. On August 25, the government decided to put restrictions on the export of wheat or meslin flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA). "The Cabinet

Govt asks Byju's to explain delay in filing audited financial accounts

Ministry of Corporate Affairs sent a letter to Byju's parent company asking them to explain the seventeen-month delay in filing audited accounts

SC notice to Centre, Guj over release of 11 convicts in Bilkis Bano case

The Supreme Court on Thursday sought responses from the Centre and the Gujarat government on a plea challenging the remission granted to 11 life convicts in the case of Bilkis Bano's gangrape and murder of her family members. A bench headed by Chief Justice N V Ramana issued notice to the Centre and the state government on the plea and asked the petitioners to implead those who have been granted remission as parties in the matter. The apex court also posted the matter for hearing after two weeks. The remission and consequent release of 11 convicts on August 15 this year from the Godhra sub-jail under the Gujarat government's remission policy has sparked a debate on the issue of such relief in heinous cases. The plea in the apex court has been filed by CPI(M) leader Subhashini Ali, journalist Revathy Laul and activist Roop Rekha Rani. The 11 convicts walked out of the Godhra sub-jail on August 15 after the Gujarat government allowed their release under its remission policy. They h

SC to review two key points in PMLA verdict, issues notice to Centre

The Supreme Court on Thursday agreed to examine a plea seeking a review of the PMLA verdict which upheld the Enforcement Directorate's powers, including those relating to arrest, and sought response from the Centre on the issue. A bench headed by Chief Justice N V Ramana said prima facie two issues, including not providing Enforcement Case Information Report (ECIR), requires reconsideration. The top court on Wednesday had allowed an application of Congress MP Karti Chidambaram seeking an open court hearing of his petition to review the top court's last month's verdict upholding the sweeping powers of the ED relating to arrest, investigation, and attachment of property under the PMLA Act. In its July 27 verdict, the apex court has said that the direction under Section 8(4) for taking possession of the property in question before a formal order of confiscation is passed should be an exception and not a rule. Section 8(4) allows the ED to take possession of the attached property at th

Malware found in 5 out of 29 phones, no conclusive evidence of Pegasus: SC

The Supreme Court on Thursday said that out of 29 phones submitted for examination, malware was found in five, but there is no conclusive proof that the spyware was Pegasus

6 joint secretaries who joined govt as lateral entries set to get extension

Such appointments were made in 2019 as part of efforts to reform the civil services

Top Headlines: NDTV-Adani ownership battle, sugar exports, and more

New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard

High commodity prices to keep rupee under pressure: BofA Securities

"India has continued to post wide trade deficits due to higher prices of oil and other commodities, which have eroded INR's basic balance buffer," the research house said.

LIVE: Nitish wins trust vote after BJP lawmakers walk out of Bihar assembly

From Adani Group acquiring a majority stake in New Delhi Television Ltd (NDTV) to Covid news, catch all the latest live updates here

What's a freebie? Experts dissect basic definition amid SC hearings

'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed'

India forced Twitter to put agent on payroll, says whistleblower

Indian govt had forced Twitter to put one of its agents on the payroll with access to user data, alleges ex -security chief

Investing abroad rules revamped to increase ease

This should help Indian businesses take and manage overseas exposure

As govt denies softening policy, Rohingyas in Delhi say 'hopes dashed'

The Rohingya community tries to build a life in hardscrabble colony as home ministry denies they would be shifted to flats