Money & Banking
Government not planning strategic sale of IDBI Bank
The government on Tuesday denied it is considering any proposal of strategic sale, involving surrender of majority ownership, of state-run IDBI Bank.
 
Minister of State for Finance Santosh Kumar Gangwar in response to a query on the matter told the Rajya Sabha in a written reply that the government is not considering any proposal of strategic sale in IDBI.
 
The central government held 73.98 per cent shares in IDBI Bank, and state-run Life Insurance Corp held around 14.37 per cent of the shares, as on March 31, 2016.
 
Noting, however, that state-run banks, including IDBI, have been allowed to raise capital through follow-on public offers or qualified institutional placements, Gangwar said this could result in dilution of "government holding (in banks) up to 52 per cent in a phased manner based on their capital requirement, their stock performance, liquidity, market conditions etc."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Pankaja Munde using Delhi-registered Range Rover in Maharashtra without paying taxes: AAP
Pankaja Munde Palwe, the Minister of Rural Development, Women and Child Welfare in Maharashtra is using a vehicle with red beacon that is neither registered in the state nor any tax was paid on this, alleges Aam Admi Party (AAP).
 
In a release issued on Tuesday, Preeti Sharma Menon of AAP has alleged that the minister uses a private vehicle, which is a Range Rover with license plate DL 12 CD 1212, with a red beacon. "This (the vehicle) is registered in Delhi under the name of Radico NV Distilleries, which is an Aurangabad-based company where the minister's husband, Charudatta Palwe is a Director", says the release.
 
 
"While Ms Munde Palwe can easily afford an expensive vehicle, what she cannot afford is to pay state taxes," said the AAP. With an AAP government in Delhi, it has had the access to do some more sleuthing as well.  "We wrote to the Delhi Transport Ministry and discovered that there is no application filed for obtaining a no objection certificate (NOC) for transferring the vehicle to Maharashtra."
 
 
"If a common citizen were to continually use a vehicle registered in another state, without transferring the vehicle and without paying state taxes, there would be swift action against him or her. But our high profile Minister Ms Pankaja Munde is avoiding state taxes by openly plying a Delhi registered vehicle on a continuous basis in Maharashtra, without paying Maharashtra taxes, and with an illegal red beacon to top it all, the AAP alleges.
 
Making the usual political charges against the Bharatiya Janata Party (BJP) government, AAP says, it has written a complaint to the Transport Commissioner Shyam Wardhane and Maharashtra Chief Minister Devendra Fadnavis.

User

COMMENTS

Rajesh Kumar

4 months ago

it should be better to change the laws if one pays taxes for private vehicle in a state, he / she should be allowed to run the vehicle in any where in india if he/she does not use it for commercial purpose. Laws should be changed . it will give very relief to common man. there is no room for roaming in the present situation.

Rajesh Kutriyar
Patna

Cyrus Engineer

4 months ago

Private motor vehicles have all India permit. Why should she re register her vehicle when ownership is not changing.

Jagrati

4 months ago

It exposes AAP also.. Delhi seems to be lowest taxed location for diesel/vehicle. Why odd even .. ?

Fairness creams promoting discrimination, says RS member
Fairness creams available in the market are promoting discrimination on the basis of skin colour and also generating inferiority complex among women, Congress member Viplove Thakur said in the Rajya Sabha on Tuesday.
 
Raising the issue during zero hour, she said: "It is promoting discrimination on the basis of skin colour."
 
"The say you apply the cream and you will become fair, and many women fall into the trap thinking it make them look beautiful. It is creating an inferiority complex in women," said Thakur who was elected to the Rajya Sabha from Himachal Pradesh.
 
"It is also pitting women against each other," she added.
 
Several members cutting across party lines expressed their agreement with Thakur's view.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

User

COMMENTS

Param

4 months ago

great! what is the outcome? will there be a ban on fairness creams? what about slimming capsules & devices? what about englees speaking courses?

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)