Around the Globe

Around the Globe

This could be make or break year for Govt, experts say

Year 2017 could well be a 'make or break year' for the NDA government, depending on how it manages to utilise the likely gains of Rs 2.20 lakh crore on account of demonetisation to spur economic growth to over 8 per cent, say experts.

Government needs to cut corporate tax, clean up bank balance sheets, and pump in more money into infrastructure if it wants to propel India to 8 per cent growth trajectory in near term, they said.

SC asks Centre to give details of recovery cases filed by banks

The Supreme Court today asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt recovery tribunals and their appellate bodies for the last ten years.

A bench headed by Chief Justice T S Thakur also sought a response on the question as to whether the recovery tribunals are equipped to decide the loan recovery cases within a fixed time frame, stipulated under the law.

Tata Motors launches Xenon Yodha starting at Rs 6.05 lakh

Homegrown auto major Tata Motors today launched its new pick-up vehicle Tata Xenon Yodha with price starting at Rs 6.05 lakh.

The pick-up, which is endorsed by Bollywood star Akshay Kumar -- the company's brand ambassador for its commercial vehicles division -- is available in multiple variants of 4x2 and 4x4 and in single and double cab options, the company said in a statement.

Powered by a 3 litre diesel engine, the new Tata Xenon Yodha is available in both BS III and BS IV compliant versions.

Vodafone plea against TRAI recommendation premature: Centre

The Centre today termed as "premature" the plea by telecom major Vodafone challenging TRAI's recommendation to impose Rs 1,050 crore penalty on it for not providing interconnectivity to Reliance Jio.

Additional Solicitor General (ASG) Sanjay Jain, appearing for the Centre, argued before Justice Sanjeev Sachdeva that Vodafone's plea was a "complete abuse of process of court" as the Telecom Regulatory Authority of India (TRAI) had only made a recommendation and the government was yet to form an opinion.

BCCI administrators matter: SC replaces Nariman with Divan

The Supreme Court today replaced noted jurist F S Nariman with senior lawyer Anil Divan after he expressed his inability to assist the court in suggesting names for BCCI administrators.

Nariman told a bench headed by Chief Justice T S Thakur that he had represented the cricket body as a lawyer in 2009 and hence, did not want to be part of this exercise.

Airlines fear foreign carriers’ back-door entry

Apprehending that foreign carriers could set up shops in India through the recently relaxed FDI norms, domestic private airlines are vigorously protesting against any possible back-door entry by them skirting the existing norms. The present rule stipulates that for a carrier to start flying services in the country its majority control should be in Indian hands.

SC sacks Thakur, Shirke from BCCI for stalling reforms

The Supreme Court on Monday sacked BCCI president Anurag Thakur and secretary Ajay Shirke for coming in the way of the implementation of Lodha panel recommendations for cleaning up the cricket body.
The three-member bench headed by Chief Justice TS Thakur and comprising Justices AM Khanwilkar and DY Chandrachud, issued show cause notice to Thakur asking why he should not be held responsible for contempt of court by obstructing its order.

SC bans seeking votes in the name of God

Seeking votes in the name of religion, caste, race, community or language is illegal, the Supreme Court said on Monday
In a verdict that could have an immediate impact on the upcoming assembly elections in five states and far reaching implications on the way poll campaigns are conducted, the SC said that candidates seeking vote in the name of religion can be penalised under Section 123 (3) of the Representation of People’s Act.
The court said that relationship between man and god is an individual choice and the state is forbidden to owe allegiance to such an activity.

Service charge in restaurants not compulsory

Good news for foodies this New Year. Hotels and restaurants can no longer ask you to pay hefty 5-20 per cent service charges on food bills. In what is seen as a victory for consumers, the government has sought clarification, saying that hotels and restaurants cannot compel people to shell out service charge for food and beverages.