New Delhi

Sundararajan pulls up CMDs of BSNL, BBNL over BharatNet

Telecom secretary Ar­una Sundararajan has for the second ti­me pulled up two of her  officials — CMDs of state run entities BSNL and BB­NL — for not complying wi­th her instruction on taking actions for the proper upk­e­ep of BharatNet infras­t­r­uc­t­u­re.

In similar letters to BSNL chief Anupam Shrivastava and Bharat Broadband CMD Sanjay Singh, Sundararajan said, “It is regrettable that both CMDs — BSNL and BBNL — have not complied with my directions till date. 

India set to drive global economy, says ex-PM

Former prime minister Manmohan Singh on Tuesday said that India is destined to be a major powerhouse of the global economy despite difficulty and hurdles.

Taking a dig at his critics for calling him a silent prime minister, Singh said he was never afraid of talking to the media and rather interacted with the press very regularly.

He also revealed that he was not only an “accidental prime minister” but also an “accidental finance minister” of the country as the post was denied by IG Patel, the former RBI governor and his immediate predecessor in the RBI.

1 lakh firms deregistered in FY19

The government has struck off the names of 1 lakh companies from the official records in the current fiscal as they have not been carrying out business activities for long.

Minister of state for corporate affairs P P Chaudhary told the Rajya Sabha that the term ‘shell company’ is not defined in the companies act, 2013.

Under the act, the government can remove names of companies if they have not been carrying out any business for two immediate preceding financial years and have also not sought dormant status.

Govt orders cadre review, restructuring of I-T dept

A fresh cadre review and restructuring of the inc­­ome tax department has been ordered by the gove­r­nment with an aim to crea­te a “caring but strict” dir­e­ct taxes regime.

The central board of dir­e­ct taxes (CBDT), that fra­m­es policy for the I-T departm­ent, on Monday ordered creation of a 12-member committee of senior officials to accomplish the task within the next three months.

Trump accuses FB, Twitter, Google of Democrat bias

US president Donald Trump took a swipe at tech giants Facebook, Twitter and Google, accusing them of being biased in favour of opposition Democrats. "Facebook, Twitter and Google are so biased toward the Dems it is ridiculous!" Trump tweeted. "Twitter, in fact, has made it much more difficult for people to join @realDonaldTrump.

Regulators can’t work in isolation: FM on spar with RBI, ex-governor Patel

Days after Reserve Bank governor Urjit Patel's resignation, finance minister Arun Jaitely on Tuesday said while enjoying functional autonomy, a regulator cannot be "isolationist" and has to consult all stakeholders.

Without mentioning the government invoking the never-before-used controversial Section 7 of the RBI Act, he said government used “every instrument available to our advantage to force a discussion with RBI” on the issues of liquidity and credit, which it is important for the economy.

GST cut on big-ticket items unlikely on December 22

While prime minister Na­rendra Modi on Tuesday sa­id that his government wa­nts to ensure that ‘99 per ce­nt things’ attract sub-18 per ce­nt the goods and services tax slab, the GST council is unlikely to make major cha­n­g­es in the GST tax rates at its December 22 meeting.

“There is unlikely to be any major rate cuts at the Sa­turday meeting because of potential revenue losses to st­ates and Centre. At best it­e­ms like computer monitors, power banks and UPS could be taken up for shifting them from 28 per cent slab to 18 per cent slab,” said official.

Rao appointed CBI additional director

The government on Tuesday promoted interim Central Bureau of Investigation (CBI) director Nageshwar Rao (in pic) to the rank of additional director.

Rao was made the temporary boss of the CBI on October 24 after a dramatic midnight intervention by the government to resolve the feud between probe agency chief Alok Verma and his deputy Rakesh Asthana. Both the officers had levelled serious allegations of corruption against each other, forcing the government to send them packing.

Cross-border power trading through exchanges on cards

With India fast turning into a surplus power market, the government is looking at throwing open the short-term electricity market to consumers in neighbouring countries, allowing them access to Indian power exchanges for meeting day-to-day requirements.