Parliament passes Lokpal amendment bill

New Delhi, July 29 -- A bill to amend the Lokpal and Lokayukta Act, 2013, was passed by parliament on Thursday doing away with the time limit for public servants to furnish details of their assets and liabilities, which as per the original act was July 31 every year.

The Lokpal and Lokayukta (Amendment) Bill, 2016, which was passed by the Lok Sabha on Wednesday, was passed by the upper house on Thursday.

It allows extension of the time given to... Read More

SC to examine if state entry tax violates 'freedom of trade'

New Delhi, July 18 -- A nine judge constitution bench of the Supreme Court bench will hear from Tuesday a batch of petitions by some top corporate houses and business associations challenging the imposition of entry tax by the various state governments, contending that it was violative of the freedom of trade and commerce provided under the Constitution.

The bench of Chief Justice T.S.Thakur, Justice A.K.Sikri, Justice S.A. Bobde, Justice Shiva ... Read More

A Kumar is new CEO of Oswal Overseas Ltd

New Delhi, July 25 -- Ashok Kumar has been appointed as Chief Executive Officer of Oswal Overseas Ltd, Bureaucracy Today has learnt.... Read More

Companies of nation barring Indian firms won't be permitted: Min

India, May 24 -- Power Minister Piyush Goyal has said that he will not allow any company to come to India from a country that does not permit an Indian firm to do business there.

Commenting on the issue, Power Minister Piyush Goyal told the media, "Reciprocity should be there. Is India a punching bag that if you want then you can come and invest in India and earn and Indian companies cannot come and earn in your country. We believe in reciprocit... Read More

Govt to unveil separate law for bankruptcy in financial sector

India, May 24 -- The Indian Government has said that it is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.

Commenting on the issue, a senior finance ministry official told the media, "The proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money deposited. ... Read More

India has improved upon all macro-economic indicators over last 3 years: PM

India, May 24 -- Expressing happiness over improving economic condition of the country, Prime Minister Narendra Modi has said that India has improved upon all the macro-economic indicators over the last three years mainly due to universal banking & universal biometric identification and noted that the fiscal deficit, balance of payments deficit and inflation in the country has reduced, while GDP growth rate, foreign exchange reserves and public c... Read More

Benchmarks trade in green; Nifty above 9400 mark

India, May 24 -- Indian equity benchmarks continued their firm trade in late morning session on account of buying in frontline blue chip counters with Nifty reclaiming 9400-mark. The rupee opened lower against dollar on account of buying of American currency by banks and importers. Traders got some support with Prime Minister Narendra Modi's statement that our aim is that India must be an engine of growth as well as an example in climate friendly... Read More

Government to introduce separate bankruptcy law in next Parliament session

India, May 24 -- In order to address the bankruptcy issue in the financial sector, the government is likely to introduce a separate bankruptcy law during forthcoming monsoon session of Parliament. The proposed bill will help in quick winding up of stressed banks, NBFCs and microfinance institutions while safeguarding the interest of small savers.

A finance ministry committee has suggested a 'resolution corporation' to expeditiously deal with is... Read More

India, Pak hostility shadows SCO summit, both sides mum on a possible meeting

India, May 24 -- The growing hostility between India and Pakistan is threatening to cast a shadow on the Shanghai Cooperation Organisation (SCO) summit to be hosted by Kazakhstan on June 8 and 9.

Both Prime Minister Narendra Modi and his Pakistan counterpart Nawaz Sharif are likely to attend the two-day meeting in Astana in which India and Pakistan are to be inducted as the seventh and eighth members of the grouping led by China and Russia.

It ... Read More

Sonu Nigam is quitting Twitter, rants at length in support of Paresh Rawal, Abhijeet

New Delhi, May 24 -- Bollywood singer Sonu Nigam has sent out a series of 24 tweets building up to his exit from Twitter. He asked the media and his followers to take screenshots of his tweets as the messages will soon disappear when he leaves the website.

Before quitting, he talked about how actor Paresh Rawal and singer Abhijeet Bhattacharya are being criticised on social media for sharing their controversial views on Twitter.

Rawal recently ... Read More