Daily Archives: December 19, 2018

RBI scales up liquidity infusion

The Reserve Bank on Tuesday said it had decided to scale up the amount of liquidity infusion by Rs. 10,000 crore to Rs. 50,000 crore this month, after a review of the evolving liquidity conditions. The central bank had earlier announced to infuse liquidity amounting to Rs. 40,000 crore through …

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Govt. unearths GST evasions of Rs. 12,766 cr.

The government has detected 3,196 cases of Goods and Services Tax evasion amounting to Rs. 12,766.85 crore in this financial year up to November 2018, according to the Finance Ministry. Of this, an amount of Rs. 7,909.96 crore has been recovered between April and November 2018, according to data provided …

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Price IPOs reasonably: SEBI

The capital markets regulator has asked investment bankers to do more due diligence and price public issues more reasonably so that it would be acceptable to both investors and issuers. “IPOs not clicking is something, which is a cause of worry… Merchant bankers have a role to see that it …

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U.S. military to have a ‘Space Command’

U.S. President Donald Trump on Tuesday ordered the creation of “Space Command”, a new organisational structure within the Pentagon that will have overall control of military space operations. The command will be separate from Mr. Trump’s goal to build an entirely new branch of the military called “Space Force,” which …

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Rajapaksa named leader of Opposition

Former President Mahinda Rajapaksa was on Tuesday named the Leader of Opposition in the Sri Lankan Parliament, but rival lawmakers contested his eligibility to hold the position. The Speaker has said that he would consider the objections and give a ruling on Friday. Number of MPs Days after he stepped …

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Working to bring 99% items in sub-18% GST slab: Modi

Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that 99% items attract sub-18% GST slab. Before implementation of the GST, registered enterprises numbered 65 lakh, which has now risen by 55 lakh, Mr. Modi …

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Benefit of the doubt must go to accused: SC

The benefit of the doubt in cases based on a flawed police investigation must favour the accused irrespective of the gravity of the crime, the Supreme Court held in a recent judgment in a 17-year-old case of murder and rioting in Uttar Pradesh. “The accused cannot be expected to relinquish …

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NGT raps Ministry over groundwater notification

The National Green Tribunal on Tuesday rapped the Union Water Resources Ministry over its notification pertaining to groundwater extraction. A Bench headed by NGT Chairperson Justice Adarsh Kumar Goel came down heavily on the Ministry and said that the notification, issued on December 12, was against “national interest”. No-objection certificate …

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Renaming spree does not spare Tagore

The Patna Municipal Corporation is said to be considering renaming the city’s main intersection, Kavi Guru Rabindra Chowk, after former Prime Minister Atal Bihari Vajpayee. The move has stoked a controversy in Bihar. The proposal is said to have been made by Mayor Sita Sahu of the BJP. The Empowered …

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