Tata Communications OFS closes; govt to mop up nearly Rs 5,440 crore

MUMBAI: The government is expected to garner Rs 5,440 crore from the offer for sale (OFS) of the which ended on Wednesday. The OFS was subscribed 1.33 times despite poor response from the retail investors. The offer received overall bids for 6.12 crore shares as against 4.6 crore shares on offer. Though the floor price […]

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Government introduces insurance amendment bill in Rajya Sabha

The government on Monday introduced a bill in Rajya Sabha to amend the Insurance Act, 1938 and raise foreign direct investment cap to 74% from 49%. The Insurance Amendment Bill, 2021 was introduced by Finance minister Nirmala Sitharaman. Last week, the Cabinet had given its nod for the same. In her FY22 budget, Sitharaman had […]

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Farm laws: Businessmen running Union government, claims Rakesh Singh Tikait

Bharatiya Kisan Union (BKU) leader Rakesh Singh Tikait on Sunday said the Union government was being run by businessman who were cashing in on hunger by snatching away land. He was addressing a farmers‘ rally in Rewa against the Centre’s three agri marketing laws. “A new business to cash in on hunger has started. Humans […]

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Drastic changes in monetary policy framework can upset bond market: Rajan

As the economy slowly comes out of the pandemic blues, former RBI Governor Raghuram Rajan on Sunday cautioned that “drastic changes” in India’s monetary policy framework can upset the bond market as the current system has helped in containing inflation and promoting growth. Rajan, also a noted economist, opined that the government‘s ambitious target to […]

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epfo | pension scheme: Raising minimum monthly pension under Employees’ Pension Scheme of EPFO not financially viable: Govt

The government on Wednesday said raising the minimum monthly pension under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will compromise the financial viability of the scheme while putting an additional burden on the exchequer. “It is not possible to increase the minimum monthly pension amount without compromising the financial viability of […]

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173 people, detained when Article 370 was abrogated in Jammu and Kashmir, still under custody: Govt

As many as 173 people, including separatists, over ground workers, stone pelters, who were detained when Article 370 was abrogated in August 2019 in Jammu and Kashmir, continue to be under custody, the Lok Sabha was informed on Tuesday. Union Minister of State for Home G Kishan Reddy said the government of Jammu and Kashmir […]

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Women farmers key for making Indian agriculture self-reliant: Government

Women are the backbone of the Indian agriculture sector and their contribution is pivotal in making the sector self-reliant, according to the government. Addressing a virtual event organised by Indian Council of Agricultural Research (ICAR) to commemorate the International Women’s Day on Monday, two union ministers of state for agriculture — Parshottam Rupala and Kailash […]

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Nepal government signs peace deal with radical Maoist group

Nepal’s government on Thursday signed a peace agreement with a banned radical Maoist group, which was involved in violent attacks, extortion and bombings targeting infrastructure projects in the country. According to the three-point agreement signed between the government and the outlawed Communist Party of Nepal-Chand, the government will lift the ban, release all their party […]

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Govt extends last date for annual GST filing till March-end for FY 20

The government has extended the deadline for filing annual goods and service tax (GST) return and reconciliation statements for FY 20 till March-end, from existing date of February 28. “In view of the difficulties expressed by the taxpayers in meeting this time limit, government has decided to further extend the due date for furnishing of […]

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