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Daily Archives: February 5, 2019

April-Dec. fiscal deficit at 112.4% of budget target

The fiscal deficit for the period April-December 2018 has touched 112.4% of the budget target of Rs. 6.24 lakh crore for the financial year 2018-19, data from the Controller General of Accounts (CGA) showed. Marginally better In absolute figures, the fiscal deficit was at Rs. 7.01 lakh crore during April-December …

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NCLAT bars RCom from selling any asset sans prior approval

The National Company Law Appellate Tribunal (NCLAT) had said that Reliance Communications (RCom) or any third party cannot sell, transfer or alienate any of its assets (movable and immoveable) without the appellate tribunal’s or the Supreme Court’s permission. The directive came after RCom on Monday moved the NCLAT for withdrawal …

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U.S. briefs S. Korea on Kim meeting

The U.S. special envoy for North Korea, Stephen Biegun, on Monday briefed South Korea’s top security advisor, Chung Eui-yong, on Washington’s stance ahead of a working-level meeting with the North’s delegation on Tuesday. The meeting will discuss the agenda of the much-anticipated second summit between Donald Trump and Kim Jong-un. …

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11 EU nations back Guaido as President

Move comes after an ultimatum given to President Nicolas Maduro to call fresh elections expired Eleven European nations joined the U.S. in recognising opposition leader Juan Guaido as Venezuela’s interim President on Monday, heightening a global showdown over Nicolas Maduro’s socialist rule. The EU members’ coordinated move followed the expiry …

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SC upholds government’s Haj policy

They were categorised on the parameters of their experience and financial strength The Supreme Court on Monday upheld the Haj Policy 2019-23, which categorises the Haj Group Organisers (HGOs) on the parameters of their experience and financial strength. The court found “nothing arbitrary or unreasonable” in such a classification by …

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