Wednesday, 18 May, 2022
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Economy

Company law tribunal admits RBI plea to begin bankruptcy proceedings against DHFL

The debt-ridden DHFL owes Rs 92,715.45 crore to the RBI, and is set to be the first financial services firm to be resolved through the bankruptcy code.

Corporate tax not hurting revenue, gross direct tax collection up by 5%: Sitharaman

Replying to a debate on Taxation Law Amendment Bill, 2019 in the Lok Sabha, Finance Minister Nirmala Sitharaman said there is no decrease in direct tax collection.

Railways operating ratio worst in 10 years, close to negative balance: CAG

The national auditor report showed the Indian Railways was spending Rs 98.44 to earn Rs 100, and has also been unable to meet its operational cost of passenger services and other coaching services.

Corporate tax cut was designed to attract investment, generating jobs: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman made the statement as she moved the Taxation Laws (Amendment) Bill, 2019 for consideration and passage in Lok Sabha.

Modi needs to reinvent himself again to rescue India’s sinking economy

Modi has already reinvented himself once, from a business-friendly chief minister to a welfarist prime minister. He could be capable of a third act.

How does the world solve its $250 trillion-debt problem? Borrow more

Experts say debt is not a problem as long as it is sustainable. The issue is whether the massive generation of debt since the global financial crisis is going to be profitable.

Yes Bank seeks to raise $2 billion after pledge from little-known investors

Yes Bank’s board will meet next week to approve a preferential allotment of shares to investors, none of which will receive more than a 25% stake.

Surge in Indonesia and Malaysia’s palm oil prices may shrink sales to India

India will shift some purchases to other edible oils this winter after palm’s surge of about 30% from last month’s low.

Amazon and Flipkart face growing anger of 7 crore Indian shopkeepers

India’s shopkeepers are mobilizing against Amazon & Flipkart, alleging they are engaged in predatory pricing in violation of rules meant to protect local businesses.

Booze will hurt India’s bid to increase ethanol content in petrol

UP govt order to sugar mills to provide molasses to alcoholic drinks manufacturers at rates well below market levels means less is available to turn into ethanol.

On Camera

YourTurn

PM Modi at the Shilanyaas ceremony for construction of the India International Centre for Buddhist Culture and Heritage at Lumbini Monastic Zone, in Lumbini, Nepal on May 16, 2022 | PIB

First, Rahul Gandhi visited Nepal, then PM Modi. Different reasons, one common factor

While Rahul went to attend a friend’s wedding, Modi was on an official visit. However, there was a common thread between the two.
Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

Representational image of Pangong Tso | ThePrint

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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