Central Vista needed or not?

Though the Delhi High Court recently dismissed a challenge against the Central Vista redevelopment project, and fined the petitioner Rs 1 lakh as it called the plea ‘motivated’, the debate over the government’s ambitious project is yet to die down. Continue Reading

PNB scam: Mehul Choksi goes missing

Mehul Choksi – the 61-year-old fugitive diamantaire wanted by the CBI and Enforcement Directorate in connection with Rs 13,000 crore PNB loan fraud case – has gone missing in the Caribbean island nation of Antigua and Barbuda, to which he fled in 2018. Continue Reading

‘Census to go digital with Rs 3,768 crore allocation’

Finance Minister Nirmala Sitharaman today said the government would infuse Rs 20,000 crore into public sector banks (PSBs) in 2021-22, to meet the regulatory norms. Continue Reading

Sops announced for shipping industry

Finance Minister Nirmala Sitharaman today said seven port projects worth more than Rs 2,000 crore to be offered by major ports in PPP Mode, in financial year 2021-2022. Continue Reading

Grasim enters paints business

Grasim Industries, the flagship company of the Aditya Birla Group, on Friday announced its entry into the paints business, with a capital expenditure of Rs 5,000 crore over the next three years. The domestic paints business is dominated by three companies — Asian Paints, Kansai Nerolac and Berger Paints. Continue Reading

ED registers money laundering case in Chinese hawala scam

The Enforcement Directorate (ED) on Monday said it has registered a case of money laundering against Luo Sang alias Charlie Peng and others in Chinese hawala scam. Continue Reading

Post-lockdown, EPFO sees 8 million subscribers withdrawing Rs 30,000 crore

Around eight million employees have withdrawn their savings under the Employees Provident Fund (EPF) between April and July, during the Covid-19 induced lockdown in the country. Continue Reading

CM worried over TN’s financial position

Caught between lives and livelihood due to Covid-19, Chief Minister Edappadi K Palaniswami is now in a catch-22 situation, so to speak. If he lifts the lockdown, coronavirus would spread, and if he extends it, livelihood, which is already hit, will go from bad to worse. Continue Reading

Government postpones strategic sale of BPCL

The government has further extended the deadline for bidding to buy its entire 52.98 per cent stake in the country’s second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over one-and-a-half months to 31 July. Continue Reading