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Inside RBI's plan to avert PMC Bank-like embarrassments

New policy measures were announced on Thursday to strengthen the regulatory framework at the UCBs.

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Dec 06, 2019, 06.49 PM IST

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LOCAL CIRCLES

AGP demands reservations for local people

BJP ally Asom Gana Parishad, after a legislature party meeting on Thursday, wrote to Union home minister Amit Shah demanding 100% quota for locals in jobs

Since 2014, MoD inked around 180 deals with local industry

"A contract for manufacture of frigates under Project P 17A was signed in February...

Oppo takes startup route to build local services; says filed 5G patents from India

The handset maker had recently inked agreements with Telan...

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  • “17% citizens said they believe bribery in tax-related matters has reduced in the last 12 months while 6% said it has increased. About 38% said it is continuing like before and 33% said they did not have a need to pay a bribe. The percentage of citizens who reported reduction in corruption by tax officials in 2019, was 3 times of those who said it had increased,” the survey read.

    “17% citizens said they believe bribery in tax-related matters has reduced in the last 12 months while 6% said it has increased. About 38% said it is continuing like before and 33% said they did not have a need to pay a bribe. The percentage of citizens who reported reduction in corruption by tax officials in 2019, was 3 times of those who said it had increased,” the survey read.

    Maharashtra Governor B S Koshyari on Sunday said the state government will enact a law to ensure 80 per cent reservation in private sector jobs for the "sons of the soil".

    This locality has premium homes and is well-connected to key employment hubs of Gurugram. Proximity to offices of renowned companies such as Ernst & Young, American Express, Dell and Oracle is one of the main draws of this Gurugram locality.

    The programme consists of complete loan waiver to farmers in the state as well as one rupee clinic across the state, which will provide basic screening of people across the state, they said.

    The study pegged the size of the global personal luxury goods market at € 281 billion in 2019. Mainland China's luxury market grew the most by 26% at constant exchange rates this year to reach €30 billion. Chinese customers accounted for 90% of the constant growth of the market in 2019, reaching 35% of the value of luxury goods.

    Innov8 recently launched its operations in Navi Mumbai and has sizeable number of startups and SMEs working from its facilities. The coworking startup realized that these companies don’t need 100-150 seater cabins, hence it decided to opt for 4-6 seater cabins there which was different from other places.

    A direction led by bench of Chief Justice D N Patel and Justice C Hari Shankar ordered setting up of a committee within a week and ordered it to examine the issues raised in the petition by a Delhi resident. The committee will be constitued to look into the rules framed for empanelment of local commissioners.

    Premium chilli variety teja is currently selling at ₹195 per kg, up almost 40 per cent from a year ago.

    The luxury hospitality brand, which started operations three years ago and currently owns and operates all its hotels, is also considering entering into new management contracts to expand further and plans to launch separate standalone outlets of its inhouse food brands.

    "In coordination with the civil administration, army rescue columns moved in vehicles promptly to rescue the stranded civilians from the Zojila Pass," a senior army official said. The army personnel also provided medical assistance, hot food and blankets to the affected people. Zojila pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway.

    Gurbaxish Singh Kohli, Vice-President of FHRAI, told ET that the association had written to the commerce ministry in this regard last month, and that it has been asked to prepare documents on the matter.

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