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Slowdown grounds business jets as the wealthy go stingy

India Inc is looking to tighten its belt amid the economic slowdown as it gives up on jets.

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Dec 06, 2019, 09.52 AM IST

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Government sets in motion process to revamp criminal laws

The new structure and content of criminal laws will be citizen centric, reflect the aspirations of a modern democracy and provide for speedy justice, especially to the weaker sections of society, said an official. The BPRD may undertake review of the laws such as the IPC, CrPC, Indian Evidence Act and the Narcotic Drugs and Psychotropic Substances Act.

Citizenship Amendment Bill Passage: Government sure of Rajya Sabha numbers

The government is set to introduce the Citizenship Amendment Bill ...

Government may come up with more measures to arrest slowdown

It is also likely that the government may initiate some more counter-cyclical fi...

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  • The Overnight Interest Rate Swap (OIS) with one-year maturity, a derivative gauge where investors exchange fixed rates for floating, surged 24 basis points to 5.26%, suggesting that traders do not expect any rate reduction for now. The repo rate, or the rate at which banks access funds from the lender of last resort, remained at 5.15%.

    House Speaker Nancy Pelosi announced Thursday that the House is moving forward to draft articles of impeachment against President Donald Tru...

    The governor said the central bank would like to see greater clarity on the impact on the government's counter-cyclical measures to push growth, stressing that the central bank is "not worried" over the government missing the fiscal deficit target. Das said inflation is seen rising in the near-term, but is likely to moderate soon.

    "The government stands behind the PMC Bank depositors. I have spoken with the MSC Bank director and asked him to consider a merger of the two banks to provide relief to the depositors," Patil told mediapersons here this afternoon. He assured that the state's apex cooperative banking entity.

    A panel of ministers representing OPEC and non-OPEC producers led by Russia recommended the cuts be made, according to Russian Energy Minister Alexander Novak on Thursday.

    There’s no restriction on other kinds of personal information, partially taking into account the demands of global companies such as Google and Facebook, while aiming to safeguard data sovereignty. The Bill, which has not been made public yet, will be introduced in the current session of Parliament on “priority”.

    Huawei's petition said the ban -- imposed last month against the company and its Chinese rival ZTE on national security grounds -- failed to substantiate claims that Huawei was a threat and was a violation of due process, and thus "unlawful". "Huawei is a Chinese company. That is (Washington's) only excuse," Huawei's chief legal officer Song Liuping said.

    “Goods on the exempted list are mass-consumption items. No state will agree to include them,” said the finance minister of a BJP-ruled state. West Bengal FM Amit Mitra also dismissed the GST Council secretariat’s suggestion for a review of the exempted items. The secretariat had shot off a letter to states seeking a revision of exempted items.

    US gold futures rose 0.1 per cent to $1,481.00.

    Dr Guruprasad Mohapatra, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said that MSME sector is the backbone of the Punjab industry and accounts for nearly 60% of the total output.

    The plan, which was ultimately shelved, called for placing Huawei Technologies Co Ltd, the world's second largest smartphone producer, on the Treasury Department's Specially Designated Nationals (SDN) list. One of the people familiar with the matter, who favors the move, said it could be revived in the coming months depending on how things go with Huawei.

    The decision was taken at a meeting of the Uddhav Thackeray-led state Cabinet on Wednesday. Apart from a sugar mill owned by former state minister Pankaja Munde, another cooperative of Vinay Kore, leader of the Jansurajya Shakti Party which is an ally of the BJP, was also given the guarantee.

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