Govt. wants more say in RBI decision-making

The government wants greater involvement in the RBI’s decision-making as it feels the current practice leaves it out on many critical issues such as single-day default turning a loan into an NPA, sources said ahead of the crucial board meeting of the central bank.The Centre feels that as the representative …

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SBI sells over Rs. 400 cr. electoral bonds

More than Rs. 400 crore worth of electoral bonds were sold by the State Bank of India (SBI) in the 10-day window of October, a sharp rise from the Rs. 32 crore worth of bonds sold in the July tranche, according to data the bank released under the Right to …

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Rabi crop sowing low this year

Crop sowing in the ongoing winter (rabi) season is lagging behind this year, with the acreage sown of most major crops lower than usual for this time of year. Overall, 21% less acreage has so far been sown, according to the data released by the Agriculture Ministry on Friday. Wheat, …

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Bylaw violators may face double property tax

If the civic body has its way, property owners who have violated building bylaws may have to pay a hefty tax. The Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed to double the property tax for owners who have deviated from the approved plan. Civic officials who turned a blind eye …

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Binani Cement: Dalmia Bharat moves SC against NCLAT order

The Dalmia Bharat Group has moved the Supreme Court challenging the National Company Law Appellate Tribunal (NCLAT) order approving UltraTech Cements Rs. 7,950-crore bid for Binani Cement. Confirming the development, Mahendra Singhi, MD and CEO, Dalmia Cement (Bharat) Limited told The Hindu , “We have filed an appeal in the …

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Telecom Secretary. pulls up BSNL, BBNL over Bharat Net

The Department of Telecom has instructed State-owned Bharat Sanchar Nigam Ltd. (BSNL) and Bharat Broadband Network Ltd. (BBNL) to submit reports every day on the progress made in the Bharat Net project that seeks to connect 2.5 lakh gram panchayats in the country through high-speed broadband by March 2019. “Despite …

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