New Delhi: Market regulator Sebi has advised exchanges to keep a 'constant and strict vigil' on companies as it has found many firms to be misusing the stock exchange platform for tax evasion, Parliament was informed Tuesday.
Besides, 83 entities have come under the scanner of Securities and Exchange Board of India (Sebi) during current fiscal for raising funds from public through illicit schemes.
Sebi, which has conducted preliminary inquiries, has prima-facie observed that companies acting in concert with each other have misused the stock exchange system to generate fictitious long-term capital gains tax, which is tax exempt.
These companies have indulged in these activities to evade tax.
New Delhi: Reform measures undertaken by the government to accelerate growth and address fiscal and supply side constraints will determine India's sovereign credit profile, rating agency Moody's said today.
The declining inflation also calls for a policy rate cut to boost investments, it added.
"... Fiscal and structural reform policies will determine the extent to which accelerating growth will buttress the sovereign credit profile," it said in a report titled 'GDP Revisions Underscore Economic Strength, But Are Credit Neutral'.
In 2015, benign global oil prices are likely to keep India's inflation and current account pressures in check, the report said, adding "this could allow for more accommodative monetary policy which, in turn, would revive investment growth".
New Delhi, Feb 24 : Stressing that states play an important role in the national economy, Union Finance Minister Arun Jaitley on Tuesday said that the 14th Finance Commission has increased the share of states in the divisible pool from 32 percent to 42 percent.
"If the Chief Ministers of states are being empowered with additional resources, then we have every reason to believe that this money will be well spent. The money will be well spent on poverty, infrastructure and therefore every spending within the territory of India, whether by the central or the state government is going to add to the growth process," Jaitley told the media.
New Delhi - The Environment Ministry is likely to take a call this week on giving a green clearance to Jindal Power Ltd for setting up 3,097 mega watt hydro electric project in Dibang Valley of Arunachal Pradesh.
It is also expected to decide on granting green nod to two major irrigation projects - the Lower Penganga Inter-state Irrigation project in Maharashtra and construction of flood carrier canal project in Tamil Nadu.
These three proposals are listed for environmental clearances before the 82nd meeting of the Expert Appraisal Committee of the Environment Ministry, which is scheduled to be held on February 26-27, sources said.
New Delhi, Feb 23 : Bahrain Foreign Minister Shaikh Khalid Bin Mohamed Al Khalifa on Monday called on Prime Minister Narendra Modi at the national capital.
The two leaders shook hands and exchanged pleasantries before discussing matters of mutual concern to both nations.
A release by the Prime Minister's Office stated that the visiting dignitary expressed the deep 'emotional bonds of friendship' that exists between Bahrain and India, reiterating his nation's commitment towards deepening bilateral relations, especially in the fields of defence, security, counter- terrorism and trade and investment sectors.
New Delhi: President Pranab Mukherjee today said inflation has fallen to a record low due to a number of decisive steps taken by the government and the economy is again on a high growth trajectory.
Delivering his address to the joint sitting of Parliament, whose budget session commenced today, he said, "Inflation and food inflation, in particular, are at a record low due to a number of decisive measures taken by the government."
Wholesale inflation turned negative for the second time in three months as fall in petroleum and food prices dragged it to a five-and-a-half year low of (-) 0.39 per cent in January.
The overall food inflation was at eight per cent.
New Delhi, Feb. 22 - Swine flu has claimed 11 more lives in Gujarat, taking the total death toll in the state to 197 since January this year.
In Surat and Vadodara , three deaths were reported; while two deaths each were reported from Ahmedabad and Bhavnagar. One person also reportedly died in Sabarkantha district.
In view of the swine flu rush, the central government last week had placed an order to increase the national stock of diagnostic kits to test for the virus.
Authorities are also procuring additional masks and doses of the anti-viral drug Oseltamivir.
Swine flu is caused by H1N1 virus. Symptoms for swine flu include high fever, headache, muscle pain, diarrhoea, vomiting, stomach pain and internal and external bleeding. (ANI)
New Delhi : A late bogey was the only blemish in SSP Chowrasia's card as the Indian golfer turned in a sedate two-under 69 on the third day to jump to a two-stroke lead over defending champion Siddikur Rahman after the penultimate round of the Hero Indian Open, here on Saturday.
Two-time European tour winner, Chawrasia picked up birdies at the first, second and 13th holes before dropping a shot for the first time in last three days at the 17th hole at the tricky Delhi Golf Course to take his total to 12-under
Australia's Marcus Frasar fired a flawless four-under 67 to lie at the third position with a total of seven-under 206.
New Delhi: Star batsman Virat Kohli on Friday became the second most followed Indian sportsperson on 'Facebook' behind iconic Sachin Tendulkar as he crossed the 20-million mark, the social networking site said.
26-year-old Kohli, the first Indian batsman to score a century against arch-rivals Pakistan in a World Cup match in the 76-run victory on February 15, currently has 20,002,000 followers on Facebook. He is the second Indian sportsperson to cross 20 million benchmark behind Tendulkar who currently has 24,775,138 followers.
Globally, Kohli is listed at 20th position, while Tendulkar occupies 13th spot in the list of sportspersons who have maximum followers on Facebook.
New Delhi: India might have begun their World Cup campaign with a morale-boosting win over Pakistan but former Protea batsman Jonty Rhodes feels that South Africa are a better all-round side and tipped them to win their high-profile clash against the defending champions in Melbourne on Sunday.
Jonty said despite a strong performance by India in their comprehensive win over arch-rivals Pakistan, South Africa's strong batting, lethal bowling attack and all-round fielding capabilities would give the Proteas the edge.
New Delhi: Forty more deaths due to contagious swine flu were reported in the country taking the toll to 703 as the virus continued to spread its tentacles to new states, including Mizoram, with the number of cases crossing the
11,000 mark Thursday.
This prompted Cabinet Secretary Ajit Seth to chair a high-level meeting during which he asked the states to ensure setting up of necessary helplines and round-the-clock functioning of outbreak monitoring cells.
Those infected with H1N1 virus are 11071, a new high in recent years, with number of cases showing increase in states Jammu and Kashmir, Gujarat, Rajasthan, Delhi and Telangana.
New Delhi: In a possible case of corporate espionage, the Delhi Police have detained two Petroleum Ministry employees and three others for allegedly leaking confidential government documents.
As per reports, the Delhi Police carried out raids at Shastri Bhavan and nabbed the two - one a peon and the other is a clerk.
However, they are said to have had access to the offices of senior officials in the ministry. Of the the other three, one has claimed to be a journalist.
Media reports said that the detained men are being questioned and will be put under arrest. The reports added, the five have allegedly leaked official documents to business houses.
New Delhi, Feb 19 : Asserting that Prime Minister Narendra Modi has given instructions to ensure sufficient medical supplies and necessary treatment to patients affected by the H1N1 virus , Cabinet Secretary Ajit Seth on Thursday said there is no need to panic as there is sufficient stock of medicines for supply.
"There has been an increase in the cases on swine flu in the past few weeks and there have been a few deaths as well. However, the government is trying its best to tackle it. The whole situation has been reviewed. The Prime Minister has given instructions to ensure that medicines are available and that patients get the necessary treatment," said Seth.
New Delhi, Feb 19 : Sonakshi Sinha, who was recently announced as the brand ambassador of Foster Grant Eyewear in Mumbai, said that she loves wearing sunglasses.
"I think it's a very big style statement today. I personally love sun glasses. It's my favorite accessory. I can step out of my home without necklaces and all, but I can't step out without my sunglasses. So, I think it's very important and an integral part of the style statement today", the 27-year old actress said.
Wearing a pastel Amy Billmoria sheath, the 'Lootera' star attended a press meet announcing the launch of an eyewear brand.
Sinha was last seen in movie 'Tevar' along with actor Arjun Kapoor. (ANI)
New Delhi: Swine flu deaths have soared to 663 across the country while number of people affected by it breached the 10,000 mark as the virus spread to new places like Nagaland.
The figures show that there is no let-up in the impact of the virus as it claimed 39 more lives between February 16-17.
Health Minister J P Nadda said there was no dearth of medicines and hospitals were equipped to deal with swine flu. The ministry said states have also not made any demand regarding drugs, diagnostic kits and other wherewithal to deal with the issue.
Central government figures show that 10025 people have suffered from H1N1 virus so far this year, a new high in recent years.
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Thursday a proposal to extend export subsidy to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.
"The CCEA meeting is scheduled for Thursday. The sugar subsidy issue is on the agenda of the meeting," sources said.
As per the proposal, the Food Ministry has favoured extending export subsidy to 1.4 million tonnes of raw sugar with some conditions. It has proposed a subsidy of about Rs 4,000 a tonne, sources said.
The Ministry said that the country would be left with an exportable surplus of 1.4 million tonnes after meeting the domestic demand of 24.8 million tonnes.
New Delhi: Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.
Both the proposals will be taken up for discussion and approval by the Employees' Provident Fund Organisation's apex decision making body - Central Board of Trustees (CBT) - as per the agenda listed for the meet.
Asset management firms ICICI Securities Primary Dealership, Reliance Capital AMC and HSBC AMC have emerged as top bidders for managing huge corpus of the EPFO.
New Delhi - Budget passenger carrier SpiceJet Wednesday announced that it will operate new flights and increase frequencies in its new summer schedule effective from March 29.
According to the airline, it will increase frequencies on routes such as Delhi and Amritsar, Bangalore and Mangalore, Mumbai and Jabalpur and Delhi and Jabalpur amongst others.
"The new frequencies on the domestic sectors reflect our confidence that future growth and value lies in providing more connectivity to non-metros and tier 2 cities," said Sanjiv Kapoor, chief operating officer, SpiceJet
On the international front, the airline said that it will introduce new daily flights to Dubai from Amritsar and Mangalore, taking its total service to Dubai to seven flights daily.
Melbourne: The doubts over Bhuvneshwar Kumar's fitness continue to be a concern for the Indian cricket team ahead of its second World Cup pool game against South Africa as the seamer looked far from convincing during a net session here on Wednesday.
Bhuvneshwar, who had suffered an ankle injury before the start of the Test series against Australia and only played the last Test in Sydney where he bowled way below his best, looked out of sorts and unfit at the Junction Oval ground of St Kilda Cricket Club here.
With Dhawal Kulkarni being kept as an additional member of the side, it seems that Bhuvneshwar's gingerly demeanour has kept the team management worried.
New Delhi - Seeking to regain its lost market share in the mid-sized sedan segment, Hyundai Motor India Ltd (HMIL) today launched an updated version of Verna, priced between Rs 7.74 lakh and Rs 12.19 lakh (ex-showroom Delhi).
The model, which competes with Honday City and Maruti Ciaz, will be available in both petrol and diesel options and have ten variants.
"The world sedan will further strengthen our line up in the sedan segment," Hyundai Motor India Ltd Managing Director and CEO B S Seo told reporters here.
The Hyundai Verna has sold over 2.3 million units globally, he added.
Beginning with a substantial share in the mid-sized sedan segment, Verna had started losing out to rivals.