(ET) The Election Commission of India is preparing to pitch for the mandatory, legally backed, linking of voter IDs with the Aadhaar number.The commission will propose amendments to the Representation of the People Act, 1951, that will require citizens to link their Electoral Photo ID Card (EPIC) with the 12-digit Aadhaar, while ensuring privacy protection, said people with knowledge of the matter. The move is aimed at improving the accuracy of the electoral rolls, they said, adding that the commission will be sending its suggestion to the law ministry shortly. This marks a shift in the position of the commission,…
Author: Aruna Sharma
(MC) After weeks of deliberation, the Securities and Exchange Board of India (SEBI) allowed mutual funds to segregate their holdings in stressed securities. Known as side-pocketing in mutual fund (MF) parlance, this refers to a practice where fund houses isolate risky assets from the rest of their holdings and cap redemption. Once segregated, a set of units will contain investments made in the troubled paper, while the other set of units will contain all other investments and cash holdings. This will ensure that if a paper gets downgraded to ‘default’ grade and the fund doesn’t receive the money from its underlying…
(DJ) गुरुवार के कारोबार में भारतीय शेयर बाजार में लगातार तीसरे दिन तेजी देखने को मिली है। दिन के 9 बजकर 16 मिनट पर सेंसेक्स 245 अंकों की तेजी के साथ 36,024 के साथ और निफ्टी 69 अंकों की तेजी के साथ 10,807 पर कारोबार कर रहा है। निफ्टी-50 में शुमार 50 शेयरों की बात करें तो 41 हरे और 9 लाल निशान पर कारोबार कर रहे हैं। गौरतलब है कि बुधवार का कारोबार खत्म होने पर सेंसेक्स 629 अंकों की तेजी के साथ 35,779 पर और निफ्टी 188 अंकों की तेजी के साथ 10,737 पर बंद हुआ था। आज…
(ET) The World Bankpraised India’s success in renewable energy auctions that delivered record-setting low prices for solar power and said that the number of countries with strong policy frameworks for sustainable energy more than tripled — from 17 to 59 — in the eight years till 2017. Many of the world’s largest energy-consuming countries significantly improved their renewable energy regulations since 2010, said the World Bank’s report — Regulatory Indicators for Sustainable Energy (RISE) 2018, charting global progress on sustainable energy policies. The report was released on the sidelines of the 24th Conference of the Parties to the UN Framework Convention on Climate Change(COP24). Progress was even more…
(LiveMint) India’s retail inflation dropped to a 17-month low in November, while factory output grew to an 11-month high on the back of a lower base, conditions that allow for a potential rate cut in the first policy meeting under the new Reserve Bank of India (RBI) governor, Shaktikanta Das. Retail inflation slowed down to 2.33% in November, below the central bank’s projection, from 3.38% a month ago, according to data released by the Central Statistics Office. Factory output measured by the index of industrial production (IIP) grew at a faster clip at 8.1% in October, compared with 4.5% in the…
(Hindustan) विधानसभा चुनावों में हार देख चुकी भाजपा ऐसे उपायों पर फोकस करने का मन बना रही है, जिसके जरिए 2019 लोकसभा चुनाव के नतीजों की तस्वीर बदली जा सके। इसके लिए सरकार मौजूदा आर्थिक योजनाओं की समीक्षा कर जल्द एक नए रोडमैप के साथ आ सकती है। सूत्रों ने बताया कि नए रोडमैप के तहत सरकार का फोकस लोगों का आर्थिक तौर पर राहत देना है। इसके अलावा अंतरिम बजट में लोगों को लुभाने वाले ऐलान करना होगा। यही नहीं केंद्र सरकार पुरानी योजनाओं की समीक्षा कर उन्हें और प्रभावी तरीके से लागू करवाने का मन बना रही है।…
(ET) Six months ago, Tata Steel shocked everyone with an aggressive play for Bhushan Steel. A second smaller acquisition followed. Ground zero in Odisha and Jharkhand to see whether India’s largest conglomerate has an iron grip in the east. How many times have you seen a $5-billion takeover get wrapped up within 72 hours flat? More importantly, how many times have you seen India’s oldest and largest business conglomerate work and deliver on such a timeline? As you read this, the Tata finance team is busy negotiating with banks to raise $700 million of external commercial borrowings (ECB). This will refinance…
(ET) State-owned construction firm NBCC Wednesday said it has bagged a Rs 172 crore order from the Ministry of Skill Development and Entrepreneurship for construction of office building in the national capital. “NBCC (India) Ltd has received a letter of award (LoA) of work from Government of India for construction of office building i.e. Kaushal Bhawan at New Delhi. The estimated cost of project is Rs 172 crore (approx),” NBCC said in a BSE filing. NBCC (India) is a Navratna Enterprise under the Ministry of Urban Development, with consolidated revenue of Rs 7,096 crores.
(Hindustan) मध्य प्रदेश, राजस्थान और छत्तीसगढ़ में जीत के उत्साह के बीच मुख्यमंत्री का नाम चुनने में कांग्रेस बेहद सधे हुए कदम रख रही है। जनादेश और जनप्रतिनिधियों की आकांक्षाओं पर तालमेल बिठाने की पुरजोर कोशिश की जा रही है। यही वजह है कि मध्य प्रदेश और राजस्थान में एक-एक विधायक से राय ली गई। साथ ही तीनों राज्यों में कांग्रेस अध्यक्ष राहुल गांधी का रिकॉर्डेड संदेश भेजकर मतदाताओं से पूछा गया कि वे किसे मुख्यमंत्री बनाना पसंद करेंगे। हालांकि विधायकों ने अंतिम फैसला राहुल गांधी पर ही छोड़ दिया है। मध्य प्रदेश में कमलनाथ का राज होगा या फिर…
(PTI) With geo-political factors impacting crude prices, India needs to have a good oil hedging policy as the volatility will continue to rise, former Reserve Bank of India (RBI) governor, Raghuram Rajan said on Wednesday. Rajan said the issue has been discussed in the past and it began with a strategic petroleum reserve, but beyond that there is a need to think about hedging oil prices especially when it comes to levels such as now. “There is a very strong need for an oil hedging mechanism for a country like ours which is so dependent on oil,” Rajan . The problem is many who are…