Petrol and diesel prices in India: Retail prices of automobile fuels have reached record highs across the country. Petrol and diesel are taxed heavily in India, and oil price decontrol is a one-way street — the consumer never benefits.
Sitharaman also raised the turnover threshold at which a company is required to have its accounts audited to Rs 10 crore from the earlier Rs 5 crore for companies that carry out 95 per cent of their transactions digitally.
The report notes that there is a risk of a convicted person being disqualified or becoming ineligible for various posts in the case of fines imposed by courts, which would not be the case for penalties imposed by an appropriate authority.
In a notification issued Monday, the MCA has authorised Rakesh Sasibhushan, Chairman-cum-Managing Director, Antrix, to present the petition on the grounds specified under clause (c) of Sub-section (1) of Section 271 of the Companies Act.
A pre-pack is an agreement for a distressed company’s debt resolution between secured creditors and investors instead of a public bidding process, as under the Corporate Insolvency Resolution Process (CIRP) of the IBC.
Current provisions of the Companies Act only require listed companies, firms that accept public deposits and firms that have loans from banks or public financial institutions of over Rs 50 crore to have a vigil mechanism.
The R cluster, along with the Satellite Cluster and MJ gas fields in the Krishna Godavari Basin are expected to produce around 30 MMSCMD of natural gas or about 15% of India’s projected demand for natural gas by 2023.
Under the new unified tariff structure, buyers will be charged a fixed tariff for the transport of gas within 300 kms of a source and a fixed tariff for the transport of gas beyond 300 kms on a single pipeline network.
The head of the investigative arm of the CCI, the Director-General (DG), is currently appointed by the Centre. Industry bodies and experts had opposed the proposal to give this authority to the competition watchdog, noting that such a move may compromise the independence of the DG.