Nedbank, FirstRand and Anglo Platinum have received the highest scores in the Public Investment Corporation's new corporate governance rating system.

Central Bank Governor Riad Salameh expressed deep reservations regarding the government's recent economic plan and proposed measures to cut the budget deficit.

Talking to FE, principal secretary, excise and sugar industry and cane development, Sanjay R Bhoosreddy said this arrangement has been made in face of the lockdown.

The move to allow e-tailers to sell/deliver non-essential items was strongly opposed by small businesses led by The Confederation of All India Traders (CAIT).

The audit firms had argued that the government’s move to ban the auditors under section 140(5) was unconstitutional, since it did not apply to former auditors of any company.

Nevertheless, as many as 69% of respondents in a Ficci-commissioned survey have indicated that measures initiated so far by the government are inadequate and called for more steps.

India is among the last set of nations to face the Covid-19 outbreak, but the longer it takes to shape its economic response, the costlier its interventions will be, according to industry executives.

One reason for it could be that IndiGo, with its free cash of over Rs 9,400 crore as on December 31, is in a better position than most peers to tide over the crisis.

In fact, the BJP-JDU government in Bihar has protested against students being allowed to move out of Rajasthan and wrote to the Centre recently calling it an “utter violation of guidelines issued by the MHA”.

Further, the app will also have added features like the e-pass for movement during the restrictions imposed by the government to fight the pandemic.

In an interview to India Today channel, the CEA said: “About $4 trillion of money tracks these (global) bond indices. India is expected to get a weight of around 1.5-3%. Even if you take 1.5%, that translates into $60 billion.”

West Bengal State Electricity Distribution Company (WBSEDCL) is likely to seek bank guarantee from the state to take fresh loans so that it can meet salary expenses for its 18,000-odd workers for May.

Trade, import and export for MSMEs: For India to benefit from the relocation of factories and companies from China, the MSME sector is likely to play a key role. This is particularly for food product manufacturing sector where India lacks competitiveness in exports.

Credit and Finance for MSMEs: MSME Ministry on Thursday announced an MoU between the Coir Board and IIT Madras for setting up a Centre of Excellence to boost the use of coir “exclusively or in combination with other natural fibres".

Credit and Finance for MSMEs: Nitin Gadkari said that the government has made some decisions to help MSMEs grow in the post-Covid scenario such as increasing their working capital limit by 20 per cent.

. Upon acceptance of the resolution, the assessee shall withdraw any appeal filed in this regard and pay the tax determined by the assessing officer after giving effect to the resolution.

The developers contacted him and concluded that no personal information of any user has been proven to be at risk by the ethical hacker.

Aarogya Setu was developed by the National Informatics Centre to help contact-tracing of at-risk individuals in the wake of the Covid-19 pandemic.

"The management has completely given up saying there is no money and has no plans on when and how they can pay our wages without Government support," the Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) said on Thursday in a joint communication to Puri.

The regulations under the EPF will be amended to include “pandemic” as a reason to allow non-refundable advance of 75% of the accumulated amount or three months of the wages, whichever is lower, from their accounts.

A total of 80 lakh employees involved in four lakh establishments are likely to be benefitted, the finance ministry had earlier said.

In the light of globalization, the Turkish government has decided to issue post-study work permits to international students. It means that the 117,000 foreign students currently studying in Turkish educational institutions for a particular amount of…

To ensure hygiene while transporting, the drivers of UberMedic were trained in safety procedures and also provided with personal protective equipment and disinfectants, it said.

A total of 3,390 COVID-19 cases and 103 deaths have been reported in the last 24 hours till Friday 8 am, taking the total number of cases to 56,342 and death toll to 1,886, according to the ministry.

Tbilisi is recalling its ambassador from Kiev for consultations, a day after Ukraine elevated Mikhail Saakashvili, the fugitive ex-president of Georgia who faces embezzlement charges at home, to the head of Ukraine’s reform body. 
Read Full Article at RT.com

Read Full Article at RT.com

Read Full Article at RT.com

By front-loading PM-Kisan, the Centre has transferred Rs 13,855 crore as the first instalment of Rs 2,000 to each of the 6.93 crore farmers as on Friday, the finance ministry tweeted.

The Lasalgaon APMC officials said that another reason for imposing restrictions is the drop in demand of onions. According to officials, the demand has reduced to a great extent in domestic markets.

The agricultural output in the economy grew by 3.5% in the third quarter (Q3) of FY20, against 3.1% in Q2 of FY20.

The move comes after renewable companies made representations to the government to allow a blanket extension for six months to overcome supply-side disruptions in completing the projects.

The ministry of home affairs (MHA) had on April 19 issued a detailed standard operating procedure while allowing suitable deployment of their skills. As per Census, 2001, the total number of internal migrants in India was 309.385 million.

Tamil Nadu chief minister Edappadi K Palaniswami on Monday requested Prime Minister Narendra Modi for ad-hoc grant of Rs 1,000 crore from National Disaster Relief Fund (NDRF).

The state government, in its order, said that the employees' salary for six days every month would be deducted for the next five months.

The task force under economic affairs secretary Atanu Chakraborty submitted its final report on the “national infrastructure pipeline” (NIP) to finance minister Nirmala Sitharaman.

The central government will likely ramp up market borrowing in the second half of this fiscal, but may be forced to stick to its target for the first half at the moment.

In an office memorandum dated April 30, reviewed by FE, the revenue department has said it has approved the release of the RoSL benefits, which will, however, be in the form of scrips, instead of cash.

One of the reasons is bunching together of several regulatory changes announced by the government in a very short span of time without realising their full implication, a classic case of ‘reform for reform’s sake’.

A legislation trying to interdict the US administration from cancelling the work permit of H1-B visa holders for spouse's that consists Indians have been launched the United States parliament by a pair of lawmakers who stated that revoking this advantage…

UP govt tables Rs 4,211 crore second supplementary Budget for FY20

Shiv Sena MP Sanjay Raut says Maharashtra govt’s work will be based on issues, not Hindutva.

SHORT messaging services (SMS) on mobile phones will be restored in Jammu and Kashmir Tuesday midnight, the 150th day since the government suspended it in the erstwhile state.

For protection of land ownership in J&K, a handful of provisions, the official said, are being considered which include land ownership protection regimes in force in states such as Himachal Pradesh and Uttarakhand.

Australian High Commissioner Harinder Sidhu hopes India will revert decision to reject RCEP, warns against economies turning inwards, believes climate change role in bushfires bears examination, and admits that her Indian origins, especially Bollywood love, helped her

Unlike Wednesday, when Justices Muralidhar and Talwant Singh questioned the Solicitor General repeatedly over the delay in lodging FIRs and had video clips of the hate speeches played in open court with proceedings lasting through the day, the hearing Thursday was over in less than an hour.

A vacation bench, led by Justice U U Lalit, said that there is no existing law to back the state government's action of putting up such hoardings across Lucknow. 

There was an institutional response by the Centre and the situation was monitored at the highest political and executive level by the Prime Minister, the government said.

The court expressed concerns over the government order prescribing alcohol to persons suffering from alcohol-withdrawal syndrome and said such a remedy is not supported by any document in the medical literature.

There is also no clarity on whether customers who have booked tickets through online travel operators will be eligible for the refunds.

The MHA has asked all states and Union Territories to designate nodal authorities and develop standard protocols for receiving and sending such stranded persons.