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US can restore India's trade benefits, but a $6-bn condition apply

US wants India to buy another $5-6 bn worth of poultry and farm goods for reinstatment of GSP benefits.
The Economic Times

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Cabinet clears ordinance to further amend insolvency law

On December 12, the govt introduced a bill in the Lok Sabha to amend the Code. The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned.

India asks domestic refiners to avoid buying Malaysian palm oil: Sources

Palm oil inventories could spike in Malaysia, and prices may come un...

Daimler sued for $1 billion in German court over diesel cheating

Investors have sued Daimler for 896 million euros ($1 billion) in a regional...

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  • Reliance Communications' committee of creditors (CoC) will hold a meeting on Wednesday, the company said in a regulatory filing on Tuesday.

    Some 5,000 US soldiers are deployed in Iraq as part of the international coalition against the IS terror group. The Iraqi Parliament on Sunday passed a resolution to terminate the agreement that allows for American troops in the country. Iraq's move comes in response to the killing of Maj Gen Qasem Soleimani in a US drone attack in Baghdad on Friday.

    The state cabinet also decided to recommend to the Centre to amend Article 375 of the Constitution and make Assamese the state language permanently. Though Assamese is the state language now, Bengali and Bodo are also spoken in large sections of the state.

    Majority of the refugees in India come from three countries that are not included in the Citizenship (Amendment) Act — China, Sri Lanka and Myanmar. Meanwhile, more and more Indians are seeking asylum in other countries. Proportionate to its population, India’s refugee burden is low. Pakistan, meanwhile, has the world’s second highest number of refugees.

    The Personal Data Protection Bill (PDPB) 2019 is expected to become a law in 2020 once it is reviewed by the joint parliamentary committee (JPC). The Bill also gives Indian users rights to obtain personal data, correct, erase, update and port the data from one company to another, and raise grievances.

    Writing in all-caps, the US President Donald Trump tweeted: "IRAN WILL NEVER HAVE A NUCLEAR WEAPON!" The tweet came a day after Tehran announced it was further winding down observance of parts of an international deal struck to ensure that the country does not secretly develop a nuclear weapon under cover of its civilian nuclear industry.

    Rajive Kaul and daughter Pallavi Priyadarshini have been Nicco Corp’s nominee directors at Nicco Parks & Resorts. The bankruptcy court’s Kolkata bench in a December 18 order told the two, who were promoters of Nicco Corp, to leave the positions. Pallavi got a stay on the part of the order concerning her.

    Even as West Bengal Chief Minister Mamata Banerjee strongly opposes the Citizenship Amendment Act, Governor Jagdeep Dhankhar has condemned the state government for what he calls lack of action against violent protesters.

    Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan. NBCC's resolution plan was approved by the committee of creditors (CoC) with 97.36 per cent votes in favour.

    Debt investors of RHFL are planning legal action that may include a request for recovery proceedings.

    The nuclear accord between Iran and the United Nations Security Council's five permanent members -- Britain, China, France, Russia and the US -- plus Germany was agreed in 2015. It has been hanging by a thread since the US withdrawal in May 2018, despite efforts to salvage it led by the three European nations that remain parties to the deal along with China and Russia.

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