The printing of Rs. 2,000 banknotes, introduced post-demonetisation in November 2016, has been reduced to “minimum” by the Reserve Bank, a top finance ministry official said on Thursday.Soon after the sudden decision to ban old Rs. 500/1000 currency notes by the government, the Reserve Bank of India had come out …
Read More »Monthly Archives: January 2019
Global headwinds continue to spook Indian markets
Global headwinds continued to hit Indian equities for the second consecutive session on Thursday as the benchmark Sensex and Nifty lost more than 1% each with investors reeling under concerns of an economic slowdown.The 30-share Sensex lost 377.81 points or 1.05% to close at 35,513.71. The broader Nifty ended the …
Read More »E-way bill system changes confusing, say transporters
The government’s decision to make some changes to the e-way bill system effective November 16, 2018, has not gone down well with transporters, who claim that it has not been communicated properly and has led to ‘complete confusion’.“When A sells a material to B, he raises an invoice and subsequently …
Read More »Object of IBC paramount, says NCLT
The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits, goes against the spirit of the Insolvency and Bankruptcy Code.Hearing the case of the applicant Omkara Assets Reconstruction Private Limited, the applicant, against the Interim …
Read More »Ireland to seek EU aid over Brexit
Ireland will seek hundreds of millions of euros in aid from Brussels if Britain crashes out of the EU without a deal, the Agriculture Minister was quoted on Thursday as saying.“You’re looking at hundreds of millions here,” Michael Creed told The Irish Independent .The emergency aid would aim to buttress …
Read More »‘N. Korean envoy to Italy in hiding, has sought asylum’
North Korea’s top diplomat in Italy has sought asylum and gone into hiding, Seoul lawmakers told reporters after a closed-door meeting with South Korean intelligence officials on Thursday.It would mark the latest high-profile defection by a senior North Korean envoy since the Deputy Ambassador in London abandoned his post in …
Read More »‘Yellow vest’ leader arrested
One of the leaders of the “yellow vest” anti-government demonstrations was detained by police in Paris late on Wednesday for organising an unauthorised protest, signalling a harder line by the authorities against the movement.Eric Drouet — who already faces a trial for carrying a weapon at a previous protest — …
Read More »Budget may be vote-on-account and not full-fledged: Venkaiah Naidu
Rajya Sabha Chairman Venkaiah Naidu on Thursday hinted that the government may opt for a vote on account instead of a full-fledged Budget in February. “As we are all aware that before the election the government normally just goes for vote on account — only for few days. That will …
Read More »‘SC verdict has settled Rafale issue’
The Supreme Court verdict has settled all questions on the Rafale deal, External Affairs Minister Sushma Swaraj told the Rajya Sabha, leading to a walkout by Congress members on Thursday.Ms. Swaraj was answering a question from Shiv Sena MP Sanjay Raut who asked her about the recent visit of French …
Read More »Send stray cattle to shelters within a week: Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath has instructed all District Magistrates to ensure stray cattle and destitute cows are sent to shelters homes “under any condition” by January 10. Source : https://www.thehindu.com/todays-paper/tp-national/send-stray-cattle-to-shelters-within-a-week-adityanath/article25904784.ece
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