An Airtel executive confirmed the development but did not disclose the reason behind Gandhi's departure. People close to Gandhi said he resigned a month ago and was currently serving his notice period.
“The investment limit under VRR has been increased to Rs 150,000 crore. The investment limit available for fresh allotment will accordingly be Rs 90,630 crore (net of extant allotments and adjustments) and it will be allotted under the VRR–Combined category,” the RBI said.
Speaking at an event, Sebi chairman Ajay Tyagi said a lot of improvement and efficiency can be brought by using advanced technology and data analytics in surveillance of capital markets.
GoAir operates Airbus A320neo fleet powered by the Pratt & Whitney engines that have faced continuous glitches over the last two years due to a variety of issues.
The Centre is also expected to miss on its target from disinvestment collections. In this year’s Budget, the government has set a disinvestment target of Rs 1,05,000 crore, compared to Rs 80,000 crore in 2018-19. However, the Centre has raised only Rs 18,094.59 crore so far.
The wholesale loan portfolio aggregating Rs 47,136.57 crore has been fair-valued at Rs 42,284.50 crore as on September 30, based on internal valuations done prior to September 2019.
The central bank has also increased the FPI in corporate bonds from 20 per cent to 30 per cent. While the RBI move is aimed at arresting the outflow of FPI money from the debt market, analysts said short-term is hot money which can exit at a faster rate.
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, was a one-time measure for liquidation of past disputes of Central Excise and Service Tax as well as to ensure disclosure of unpaid taxes by a person eligible to make a declaration.
A detailed status report of compliance, or otherwise may be sent to the CGCA (Controller General of Communication Accounts) TSP (telecom service provider) wise on 24.01.2020 by 5 PM,” the DoT letter, sent out by the Licensing Finance Policy Wing of the DoT, said.
The Insurance Regulatory and Development Authority of India had recently approved 33 proposals — out of 173 proposals it received — from various non-life insurance companies under the regulatory sandbox structure.
Gross non-performing assets (NPAs) improved to 5 per cent of the gross advances from 5.75 per cent a year ago.
However, unaudited standalone net profit was at Rs 1,343.50 crore for the December quarter as against Rs 1,634.78 crore in the year-ago period.
India Ratings said the present slowdown is due to abrupt fall in lending by NBFCs close on the heels of a slowdown in bank lending and reduced income growth of households.
The DoT will have to move a separate civil suit seeking the apex court’s directions on what it should do going ahead, if it seeks to recover the dues from all the companies, the officials further said.
The cost of access to broadband is still high for most Indians, largely due to the third-party hardware, software and networking infrastructure.
For about 8 lakh taxpayers with turnover over Rs 5 crore, the last date of filing would remain the same.
Finance Minister Nirmala Sitharaman is to present the Budget for 2020-21.
In its petition seeking the modification of the Supreme Court's October 24 judgment on AGR, Oil India has said that the Department of Telecommunications' "huge arbitrary demand was based on wrongful interpretation and erroneous calculation".
The Paradip Port Trust will invite bids from private players for execution of the project, which will enable construction of Western dock captive berths to handle capesize vessels.
During the last hearing, JSW Steel had also said that the Centre’s recent ordinance on IBC would cover it as well.