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 …
Read More »Yearly Archives: 2019
Centre may relax angel tax norms for start-ups, sets up panel
The government on Monday decided to set up a five-member working committee to look into the angel tax issue and come up with guidelines in one week. It also agreed to implement some key changes requested by start-ups regarding the issue. The ‘angel tax’, as it is commonly called, is …
Read More »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. …
Read More »‘Two-thirds of Himalayan ice cap may melt’
Two-thirds of Himalayan glaciers, the world’s “Third Pole”, could melt by 2100 if global emissions are not reduced, scientists warned in a major new study issued on Monday. And even if the “most ambitious” Paris Agreement goal of limiting global warming to 1.5° C is achieved, one-third of the glaciers …
Read More »China-Japan frontline sees a ‘cold peace’
Officials cite Chinese intrusion into Japan’s ‘territorial waters’, but peace prevails From their forward base in Ishigaki, a part of the Okinawa chain of 150 islands, large ships of the Japanese coast guard, all gleaming white, keep a tight round- the-clock vigil on a group of islands, 170 km away. …
Read More »U.K. seeks to reassure foreign investors over Brexit
Britain on Monday will seek to reassure foreign investors worried about Britain leaving the EU after Japanese automaker Nissan said it was scrapping a major planned investment less than two months before Brexit. Prime Minister Theresa May was due to hold a conference call with around 55 chairmen and chief …
Read More »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 …
Read More »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 …
Read More »‘No unemployment data post-demonetisation’
There is no data available on unemployment subsequent to the period of demonetisation, Labour Minister Santosh Gangwar told Parliament on Monday, in a written response to a question in the Lok Sabha. More than a third of the questions asked by Members of Parliament to the Labour Ministry on Monday …
Read More »Centre seeks report from Bengal Governor
The Opposition, on the other hand, accused the BJP-led government of using the CBI as a ‘weapon’ to destroy political rivals and target Opposition-ruled States. The lower House didn’t see any business as the House was adjourned for the day after repeated disruptions. “There may be a constitutional breakdown in …
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