Last week, the PNB said that a number of companies controlled by Nirav Modi and Mehul Choksi, in connivance with some bank officials, allegedly carried out fraudulent transactions worth Rs 11,400 crore.
The government had asked the lenders to have board-approved policies on monetising their non-core assets, sale of vacant real estate and “exit from all strategic equity investment” in unrelated businesses.
In the 35 minutes of Finance Minister Arun Jaitley's 105-minute Union Budget speech, during which he unveiled his agriculture and health schemes, there were 38 references to the word ‘agri,’ 39 mentions of the word “farm,” 35 references to “rural.”
In a big boost to the small and medium enterprises, the finance minister Arun Jaitley announced a reduction in corporate tax rate from existing 30 per cent to 25 per cent, for companies with turnover of up to Rs 250 crore.
A jurisdiction-free assessment implies that a taxpayer in Delhi, for instance, could be assessed by a tax officer randomly selected by the online system of the tax department and located in any other part of the country.
The study does not provide the full picture of the country’s jobs situation, as the big unorganised sector — which was impacted severely by demonetisation and the implementation of GST — remains uncaptured.
Uttar Pradesh, Tamil Nadu, Madhya Pradesh, Maharashtra and Gujarat are the biggest beneficiaries in terms of funds
allocated for schemes such as Swachh Bharat Mission, Smart Cities Mission and PMAY (Urban)
The acquisition — if it gets past antitrust regulators — will make Disney a major player in the Indian market through Star India, a company owned by 21st Century Fox, and its streaming platform Hotstar