The Finance Commission’s recommendations would cover a five-year period commencing April 1, 2026; Union Cabinet approves terms of reference for panel including recommending formula for sharing revenues between Centre and States The Union Cabinet on Wednesday approved the terms of reference for the Sixteenth Finance Commission, which will recommend the formula for sharing revenues between the Centre and the States …
The Environment Appraisal Committee - Infrastructure I of the Ministry of Environment, Forest and Climate Change has flagged serious concerns about NITI Aayog’s ambitious project for Great Nicobar Island. The EAC was responding to the 126 page ‘pre-feasibility’ report, ‘Holistic Development of Great Nicobar Island at Andaman and Nicobar Islands’, prepared for the NITI Aayog by the Gurugram-based consulting agency …
The government’s latest proposal for the redevelopment of Central Vista before an expert panel of the Ministry of Environment and Forest dropped the proposed new Prime Minister’s Office from the plan, while revising the estimated cost from ₹11,794 crore to ₹13,450 crore. The CPWD on December 9 submitted a proposal for TOR for the “development/redevelopment of Common Central Secretariat buildings …
Virgin Australia's takeover by a US private equity giant could be derailed as the airline's key bond holders lodge a case with the Australian Takeovers Panel, challenging the deal. Key points: Singapore-backed Broad Peak and Hong Kong-based Tor are challenging the Virgin Australia sale to Bain Capital Both investment firms are owed money by Virgin Australia They claim the sale …
