Mumbai, June 8 (IANS) The Reserve Bank of India (RBI) on Monday allowed banks to recast a company’s debt under a “strategic debt restructuring” (SDR) scheme wherein the lender must hold 51 percent or more of the equity after the debt-for-share conversion. “Post the conversion, all lenders under the JLF (joint lenders’ forum) must collectively […]
New Delhi, 8 June (IANS) In wake of Nitish Kumar’s announcement as the chief ministerial candidate of JD-U-RJD-Congress combine for the upcoming Bihar assembly polls, the BJP is a dilemma whether it should also announce its candidate for the top post or bank on Prime Minister Narendra Modi’s popularity. The party’s poll debacle in Delhi […]
New Delhi, June 8 (IANS) Union Environment Minister Prakash Javadekar on Monday said over 500 of the 3,200 online applications received for environmental clearances were approved last year. Listing the achievements of his ministry in its first year, Javadekar said: “We have given clearance to 505 (applications) and another 721 have been sent for terms […]
Agra, June 8 (IANS) The National Green Tribunal (NGT) on Monday issued notice to builders who had constructed multi-storeyed structures on the Yamuna flood plains in Agra, asking them to prove they had all the required No Objection Certificates (NOCs) from government departments. The NGT restrained the builders from third-party sales and further construction till […]
Private carrier Jet Airways on Monday offered a 25 percent discount in its business class fares on its domestic network on tickets booked between June 8 and 10. “The three-day special fare offer will be available for sale across India effective June 8 to 10, 2015 and for travel from June 20, 2015 onwards,” the […]
Patna, June 8 (IANS) Bihar continued to reel under a heat wave with the mercury touching 44.9 degrees in Gaya district on Monday, followed by 44.7 degrees in Patna, where it broke a nearly 10-year-old record, met officials here said. No respite is in sight soon. Patna Met office director A.K. Sen said that heat […]
New Delhi, June 8 (IANS) Prominent lawyer Prashant Bhushan on Monday termed the government’s decision to appoint former Central Board of Direct Taxation chief K.V. Chowdary as the new Chief Vigilance Commissioner (CVC) as “shameful and unfortunate”. “It’s shameful and unfortunate that the BJP and the Congress have come together to destroy the CVC (by) […]
The Delhi government on Monday withdrew its controversial circular on the ‘two finger test on rape victims’, but it has left activists fuming. They contended the circular revealed the Delhi government’s ignorance. Delhi Health Minister Satyendra Jain clarified that the advisory issued on two-finger test was “misinterpreted” and said the government will issue a fresh […]
Atali (Haryana), June 5 (IANS) The eerie calm in violence-torn Atali village in Haryana’s Ballabhgarh district at the edge of Delhi threatens to explode into another round of clashes if not for the presence of 2,000 Rapid Action Force and Haryana Police personnel. The Jat villagers are unrepentant about the violence and clearly say that […]
New Delhi, June 5 (IANS) Nestle India on Friday challenged in the Uttarakhand High Court a state government ban on the manufacture of Maggi noodles at its factory in Pantnagar. On Thursday, the Uttarakhand government issued a notice to ban manufacture, storage, distribution and sale of Maggi instant noodles in the state for 90 days. […]