India’s first international indigenous film festival will take place in February next year in Odisha. An initiative of activist film collective Video Republic, that has been campaigning for indigenous communities in the State, the three-stop event will kick off in Bhubaneswar on February 19, move on to Puri from February …
Read More »Monthly Archives: December 2018
Leh, Kargil solar unit tenders likely
Leh, Kargil solar unit tenders likelyThe government is planning to issue tenders for 7,500 MW of solar projects in the Leh and Kargil region of Jammu and Kashmir (J&K) by December 15.As part of the initiatives under the National Solar Mission, the Ministry of New and Renewable energy (MNRE) has …
Read More »Home loan firms’ shares rise a day after RBI eases securitisation norms
Shares of home loan firms went up on Friday after the Reserve Bank of India eased norms for securitisation, which would help the companies raise more funds.On Thursday, RBI decided to relax the Minimum Holding Period (MHP) requirement for NBFCs, as they are now allowed to securitise loans of more …
Read More »NCLAT upholds Monnet Ispat’s coal pact termination
The National Company Law Appellate Tribunal (NCLAT) rejected a plea by the insolvency professional against Union Ministry of Coal’s termination of mining agreement with Monnet Ispat & Energy Ltd., citing the moratorium period under the insolvency and bankruptcy code (IBC).The company was brought under the insolvency process in a case …
Read More »Stamp duty diktat on mergers puts T.N. companies in a spot
Mergers and amalgamations are set to turn costlier for corporates in Tamil Nadu, thanks to a circular clarifying the applicability of stamp duty on transfer of property under the Companies Act.A circular issued by the Inspector General of Registration in Chennai on November 20 said that the scheme of arrangements …
Read More »What’s with the back series GDP data?
The government on Wednesday released the GDP growth estimates for previous years based on the new method of calculation and base year it had adopted in 2015. The new data and the manner in which it was released led to criticism from various quarters, including Opposition political parties and economists …
Read More »Fiscal deficit exceeds full-year target in just seven months
India’s fiscal deficit in the first seven months of the financial year, at Rs. 6.49 lakh crore, exceeded the budgeted target for the entire year, coming in at 103.9% of that target, according to official data released on Friday.The fiscal deficit was 96.1% of the budgeted amount in the same …
Read More »TNA urges Sirisena to take a swift, considered decision
The mounting pressure of an impending Supreme Court verdict on his dissolution of Parliament, and the lack of majority support for his hand-picked Prime Minister might prompt President Maithripala Sirisena to end Sri Lanka’s political crisis this weekend, The Hindu learns.President Sirisena held two high-level meetings on Friday evening — …
Read More »Ukraine bars entry of Russian men
Ukraine on Friday barred Russian men aged 16-60 from entry as tensions mounted between the two countries over Moscow’s seizure of three Ukrainian ships last week.The move came after Kiev imposed martial law in border regions this week in response to the Russian seizure of the ships and 24 sailors …
Read More »Trade pact is signed, but U.S.-Canada rift remains
He has called Justin Trudeau “very dishonest and weak.” He also, perhaps jokingly, accused Canada — which came into formal being in 1867 — of burning down the White House during the War of 1812.But on Friday, as President Donald Trump, Mr. Trudeau and Mexico’s President, Enrique Peña Nieto, signed …
Read More »