News Muncher - searching for liabilities

3 days, 18 hours ago

SIT to probe ORR lease tender, announces Telangana CM

HYDERABAD: Chief Minister A Revanth Reddy on Thursday announced that a Special Investigation Team would be constituted to investigate alleged irregularities in the lease and tendering process of the Outer Ring Road during the BRS regime. The CM stated that the probe follows a request from former finance minister T Harish Rao, under whose watch the ORR lease was finalised. …

Lease Brs Sit Orr Harish Tender Orr Lease Tender

4 days, 5 hours ago

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment

Deccan Chronicle

Bharti Airtel on Thursday said it prepaid Rs 3,626 crore to the department of telecom to clear all its liabilities for spectrum it had acquired in 2016. “Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom clearing all its liabilities for spectrum it had acquired in 2016. In June, the Sunil Mittal-promoted telecom operator also prepaid all …

Crore Spectrum Bharti Airtel Airtel Prepaid

6 days, 6 hours ago

Employee's Compensation Act, 1923; To Absolve Liability, Insurer Must Prove Negligence By Employer In Verifying Employee's Driving License: Bombay High Court

Live Law

Bombay High Court: A single judge bench consisting of Justice Nitin B. Suryawanshi overturned a Labour Court order that dismissed a compensation claim under the Employee's Compensation Act, 1923. Further, citing Nirmala Kothari v. United India Insurance Co. Ltd., they argued that the insurer couldn't deny liability simply due to the absence of a driving license. Court's Reasoning The court …

High Court Compensation Evidence Labour Driving Fir Tiwari

6 days, 11 hours ago

Penny stock under ₹5: Integra Essentia board approves amalgamation of GG Engineering. Details here

Live Mint

Penny stock: New Delhi-based Integra Essentia has announced the amalgamation of GG Engineering with itself, aiming to preserve the operations of both companies, strengthen their foundation, enhance market competitiveness, and improve financial stability and performance. As part of the amalgamation scheme, Integra Essentia shall issue and allot 48 equity shares of face value of Re 1 each to equity shareholders …

Engineering Equity Price Share Shares Gg Engineering Integra Essentia

Switzerland suspends 'Most Favoured Nation' status to India over Nestle verdict

India TV News

The government of Switzerland has suspended the most favoured nation status clause in the Double Taxation Avoidance Agreement between India and Switzerland, potentially impacting Swiss investments in India and leading to higher taxes on Indian companies operating in the European nation. According to a statement made on December 11 by the Swiss finance department, the move follows the Supreme Court …

India Indian Status Cent Swiss 10 Per Cent Nestle

Shift to proactive debt-risk management

China Daily

LI MIN/CHINA DAILY In the past month since the top legislator approved a resolution on Nov 8 to increase local government debt limits for swapping hidden liabilities, several provinces have recently adjusted their budgets intensively. First, a new 6-trillion-yuan special debt-reduction quota has been allocated for the years 2024 to 2026, with 2 trillion yuan set for each year to …

China Financial Management Debt Billion Yuan Special

Shift to proactive debt-risk management

China Daily

In the past month since the top legislator approved a resolution on Nov 8 to increase local government debt limits for swapping hidden liabilities, several provinces have recently adjusted their budgets intensively. First, a new 6-trillion-yuan special debt-reduction quota has been allocated for the years 2024 to 2026, with 2 trillion yuan set for each year to help the local …

China Financial Local Management Debt Yuan Trillion

1 week, 6 days ago

Telangana 5th Largest Contributor to Indian Economy

Deccan Chronicle

Mumbai: Telangana has slipped one place and is now the seventh largest contributor to the country’s economy for 2023-24 according to the Reserve Bank of India’s ‘Handbook of Statistics on Indian States’ released on Monday. The net state domestic product for Telangana rose to Rs 13.61 lakh crore from Rs 11.87 lakh crore in 2022-23, a growth of 15 per …

Indian Telangana State Crore Lakh

2 weeks, 4 days ago

All Claims Including Subject Matter Of Ongoing Arbitration Proceedings Stand Extinguished After Approval Of Resolution Plan: NCLT Bengaluru

Live Law

The NCLT Bengaluru bench of K. Biswal and Shri Manoj Kumar Dubey has held that all claims including subject matter of ongoing arbitration proceedings will stand extinguished after the approval of the Resolution Plan under section 31 of the Code. It was further submitted that any attempt to extinguish ECPWPL's Claim through the resolution plan would be unjust and detrimental …

Arbitration Resolution Applicant Claims Resolution Plan Project Tribunal

2 weeks, 5 days ago

In Property Dispute, Suit Parties Must File Encumbrance Certificate To Avoid Multiple Proceedings And Ease Future Litigation: Andhra Pradesh HC

Live Law

While hearing a property dispute case, the Andhra Pradesh High Court emphasized on the value of encumbrance certificates observing that to avoid multiplicity of proceedings, the parties should file the encumbrance certificate along with the plaint, which can also help ease future litigation. On Encumbrance certificates The high court said that encumbrance certificate sometimes "plays a vital role" and indicates …

Property Court Specific Performance Parties Property Dispute High Suit

3 weeks ago

GST Department Not Empowered To Issue Notices In Name Of Non-Existent Entity Post Amalgamation: Delhi High Court

Live Law

The Delhi High Court has made it clear that neither Section 160 nor Section 87 of the Central Goods and Services Tax Act, 2017 enable the Department to issue notice in the name of an entity which ceased to exist post amalgamation. A division bench of Justices Yashwant Varma and Dharmesh Sharma thus held, “Even the powers conferred by Section …

Court Order Company Notice Department Entity Section 160

3 weeks, 2 days ago

Banks see deposits rise for the third consecutive fortnight since mid-October

New Indian Express

MUMBAI: Indian banks' intense efforts to mop up deposits have finally begun to pay off, with liabilities growing faster than assets for the third consecutive fortnight. It marks the first time in 30 months that this has happened, following a period of aggressive deposit collection by lenders since the credit-deposit growth mismatch began in the fortnight ending March 25, 2022. …

Growth Credit Loan Rbi Banks Deposit Deposits

3 weeks, 4 days ago

Only Assets Are Transferred In Going Concern Sale Of Corporate Debtor Under Liquidation, Liabilities Must Be Settled U/S 53 Of IBC: NCLT Mumbai

Live Law

The NCLT Mumbai bench of Ms. Reeta Kohli and Ms. Madhu Sinha has held that in a sale of the corporate debtor in liquidation as a going concern, only assets are transferred and liabilities have to be discharged as per section 53 of the Code. It is thus incumbent upon us to rely upon the law settled by the Hon'ble …

Corporate Sale Corporate Debtor Assets Statutory Nclt Going

3 weeks, 5 days ago

Delhi seeks Rs 10,000 crore loan from Centre, Finance Secretary flags concerns

India Today

As Delhi prepares for the upcoming Assembly elections, the state government has proposed borrowing Rs 10,000 crore from the National Small Savings Fund to meet its expenditure for the current fiscal year, 2024-25. Despite political backing, Principal Secretary Ashish Chandra Verma has raised objections, warning of the long-term fiscal burden the loan might impose. Delhi now faces two options: Continue …

Delhi Verma Nssf Crore Loan Loan Scheme

4 weeks ago

Ludhiana: ‘Cash-starved’ MC seeks ₹10 crore from Punjab government

Hindustan Times

The Municipal Corporation has approached the state government for ₹10 crore to fund development projects and clear pending liabilities. Municipal corporation is about to issue orders to initiate works on 203 development projects across Ludhiana. According to an information gathered from the office of Municipal Corporation, around ₹60-70 crores liabilities are with MC including directorate charges, establishment charges, contractor payments, …

Work Projects Fund Municipal Corporation

4 weeks ago

89 per cent of newly elected MLAs in Jharkhand are crorepatis: Report

Hindustan Times

Eighty-nine per cent of the newly elected MLAs in Jharkhand are crorepatis, and 14 new MLAs have liabilities worth ₹1 crore and above, a new report by the Jharkhand Election Watch and the Association for Democratic Reforms has found. Jharkhand Mukti Morcha executive president Hemant Soren poses for a group picture with newly elected INDIA bloc MLAs, at CM House …

Jharkhand Crore Mlas Newly Elected Newly Elected Mlas

4 weeks ago

Jharkhand Assembly elections results 2024: 89% of newly elected MLAs in State are crorepatis, states Report

The Hindu

89%of the newly elected MLAs in Jharkhand are 'crorepatis', and Rameshwar Oraon of the Congress is the richest legislator with total assets worth ₹42.20 crore, according to a report released on Monday. The Jharkhand Election Watch and the Association for Democratic Reforms analysed the affidavits of 80, out of 81 winning candidates, and found that 71 newly elected MLAs in …

Congress Assets Jharkhand Winning State Bjp Crore

1 month ago

Insurance mis-selling can trap you! Follow these tips to ensure the right plan. Check coverage exclusions & inclusions

Live Mint

At a recent event in Mumbai, Union Finance Minister Nirmala Sitharaman flagged mis-selling of financial products, particularly related to insurance. "Term insurance becomes increasingly crucial for high-income earners whose monthly income is more than ₹1 lakh as their financial liabilities and lifestyle expectations are usually greater. Factor in the uncertainties Another factor worth considering is that loans and other liabilities …

Policy Income Plan Cover Your Income Term Insurance

1 month ago

ED arrests Bengaluru man for allegedly manipulating ITRs to secure fraudulent tax refunds, money laundering

Live Mint

The Enforcement Directorate has arrested a Bengaluru resident, Dilip B R, for allegedly manipulating Income Tax Returns to secure fraudulent refunds. “One of the key fraudulent tactics used by Dilip B R was the manipulation of ITRs to secure access to non-genuine refunds,” the ED alleged as per the report. According to the investigation, Dilip exploited vulnerabilities in the ‘Kaveri’ …

Tax Dilip Manipulating Itrs

1 month ago

ED arrests Bengaluru man for fraud, identity theft, I-T refund scam

New Indian Express

BENGALURU: The Directorate of Enforcement, Bengaluru zonal office, arrested Dilip BR on November 18 under the provisions of Prevention of Money Laundering Act, 2002, in the case of Dilip BR & Others. Calling him a “habitual offender involved in multiple offences such as bank loan fraud, identity theft and misuse and income tax refund scams”, the ED in an official …

Bengaluru Bank Identity Theft Bank Accounts Pan Dilip Ed Refund

1 month ago

AP Cabinet Approved the AP Tourism Policy and New Sports Policy

Deccan Chronicle

Vijayawada: The Andhra Pradesh government has made several key decisions regarding the state's development. Furthermore, the Cabinet decided to establish a High Court bench in Kurnool and approved setting up an alternative unit for the Anti-Narcotics Task Force, which CM Chandrababu himself named "Eagle." The Cabinet approved the AP Tourism Policy, including granting industry status to tourism projects. Additionally, the …

Cabinet Approved

ED arrests Bengaluru man for Income Tax returns, refund 'fraud'

Hindustan Times

New Delhi, The Enforcement Directorate Wednesday said it has arrested a man from Bengaluru under the anti-money laundering law for allegedly manipulating Income Tax Returns to obtain fraudulent refunds. ED arrests Bengaluru man for Income Tax returns, refund 'fraud' Dilip B R was taken into custody on November 18 and a special Prevention of Money Laundering Act court sent him …

Bengaluru Fraud Tax Man Refund Income Tax Returns Dilip B R

1 month ago

Edible oil or cosmetic? Small coconut oil packs pose a big tax question

Live Mint

NEW DELHI : A tiny bottle of coconut oil--Would you use it to cook up a meal, or to nourish your hair? On 17 October, the Supreme Court reserved its order on whether coconut oil sold in packs up to 200ml should be taxed as edible oil or a hair care product. A ruling clarifying the edible oil classification could …

India Supreme Court Tax Oil Court Products Hair

1 month, 1 week ago

Orissa HC: Co-op Bank employees’ gratuity cannot be withheld

Deccan Chronicle

Bhubaneswar: The Orissa High Court ruled that Cuttack Central Cooperative Bank must release the gratuity dues of Sarojini Dei, a retired employee, which had been withheld due to her role as a loan guarantor for two individuals. The judgment came after a similar ruling last month, where the court upheld the release of gratuity dues for another retired CCB employee, …

Gratuity Bank Employees Ccb

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Search results for liabilities

SIT to probe ORR lease tender, announces Telangana CM

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment

Employee's Compensation Act, 1923; To Absolve Liability, Insurer Must Prove Negligence By Employer In Verifying Employee's Driving License: Bombay High Court

Penny stock under ₹5: Integra Essentia board approves amalgamation of GG Engineering. Details here

Switzerland suspends 'Most Favoured Nation' status to India over Nestle verdict

Shift to proactive debt-risk management

Shift to proactive debt-risk management

Telangana 5th Largest Contributor to Indian Economy

All Claims Including Subject Matter Of Ongoing Arbitration Proceedings Stand Extinguished After Approval Of Resolution Plan: NCLT Bengaluru

In Property Dispute, Suit Parties Must File Encumbrance Certificate To Avoid Multiple Proceedings And Ease Future Litigation: Andhra Pradesh HC

GST Department Not Empowered To Issue Notices In Name Of Non-Existent Entity Post Amalgamation: Delhi High Court

Banks see deposits rise for the third consecutive fortnight since mid-October

Only Assets Are Transferred In Going Concern Sale Of Corporate Debtor Under Liquidation, Liabilities Must Be Settled U/S 53 Of IBC: NCLT Mumbai

Delhi seeks Rs 10,000 crore loan from Centre, Finance Secretary flags concerns

Ludhiana: ‘Cash-starved’ MC seeks ₹10 crore from Punjab government

89 per cent of newly elected MLAs in Jharkhand are crorepatis: Report

Jharkhand Assembly elections results 2024: 89% of newly elected MLAs in State are crorepatis, states Report

Insurance mis-selling can trap you! Follow these tips to ensure the right plan. Check coverage exclusions & inclusions

ED arrests Bengaluru man for allegedly manipulating ITRs to secure fraudulent tax refunds, money laundering

ED arrests Bengaluru man for fraud, identity theft, I-T refund scam

AP Cabinet Approved the AP Tourism Policy and New Sports Policy

ED arrests Bengaluru man for Income Tax returns, refund 'fraud'

Edible oil or cosmetic? Small coconut oil packs pose a big tax question

Orissa HC: Co-op Bank employees’ gratuity cannot be withheld