Karunjit Singh

The legislation, the government argued, is aimed at boosting local employment particularly for the youth in unskilled jobs.

Petrol consumption declined year-on-year for the first time since August, with prices of both petrol and diesel hiked by about Rs 5 per litre last month.

Petrol reached a new record of Rs 91.17 per litre in Delhi, while that of diesel hit a new high of Rs 88.60 a litre in Mumbai on Saturday, after the 16th upward revision in prices in February.

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.

Expenditure on development wells or wells drilled in fields that already have proven reserves of oil and gas has been comparatively stable, but has seen a decline.

Why has the price of crude oil risen sharply? How will this impact India?

REITs are companies that fund, own and operate real estate projects while InVITS finance, construct and operate infrastructure projects such as highways and bridges.

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.

“Across the industry as a whole, the cost structure has gone up and freight rates across several sectors have moved up because of the increase in fuel prices,” said Assocham president Vineet Agarwal.

The Corporate Affairs Ministry has amended the rules for Corporate Social Responsibility (CSR) expenditure by Indian companies. Here are some of the key changes

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.

This is the fourth hike in petrol and diesel prices in a nine-day period, which has seen rates rise by about Re 1 per litre, after 30 days of no hike.

The Union government has announced a new online single window clearance portal for the coal sector. How will this help?

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.

Petrol price in the national capital hit an all-time high of Rs 84.2 per litre on Thursday. Why are prices higher despite lower crude oil prices?

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.

The Sebi requires, since April 1, 2020, that the top 1000 listed companies by market capitalisation have a woman board member who is also an independent director.

The Cement Manufacturers Association in India (CMA), the apex body of large cement manufacturers in India, was raided as well by officers of the investigative arm of the CCI, a source said.

Since India imports most of the fuel required to meet its demands, the price of fuels rises in tandem with global prices.

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 tariff regime notified by the current two-member PNGRB will likely face legal challenges due to the impact of the new norms on existing agreements between suppliers and consumers of natural gas.

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.