REGULATIONS


New Delhi : The telecom regulator has extended the date of submission of call drops compensation compliance report for the service providers to March 14, according to industry sources.   “TRAI has extended compliance report submission to March 14,” the source said.   The...

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Moneylife Digital Team 09 March 2016
According to the bank employees union, action against liquor baron Mallya will definitely have a chain reaction and the state machinery will have to take similar steps against all wilful defaulters of banks   The Indian National Bank Employees' Federation (INBEF), banking wing of...

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Moneylife Digital Team 08 March 2016
Mr Sarma, former secretary of the Government of India, in a letter to the Election Commission has demanded that a criminal case be filed against Vijay Mallya, MP, for not disclosing offshore accounts he held   EAS Sarma, former secretary to the Government of India (GoI) has demanded...

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New Delhi : The Supreme Court will hear on Wednesday a plea by the consortium of banks led by the State Bank of India seeking to restrain beleaguered liquor baron Vijay Mallya from leaving the country.   The apex court bench of Chief Justice T.S. Thakur and Justice U.U. Lalit agreed...

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New Delhi/Mumbai : The Enforcement Director (ED) on Monday registered a money-laundering case against founder of now defunct Kingfisher Airlines and liquor baron Vijay Mallya, official sources said.   "We have filed a case against Mallya on Monday. The case is specifically based on...

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Bengaluru : In a setback to industrialist Vijay Mallya, the Debt Recovery Tribunal (DRT) on Monday ordered British liquor major Diageo plc not to pay him the $75 million (Rs.504 crore) agreed as a severance package to quit its Indian arm United Spirits Ltd till the case against him before it...

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New Delhi : The government is under no contractual obligation to provide contiguous spectrum to a telecom operator, but Sistema Shyam has the right to seek alignment of its airwaves for continuity on terms allowed to other players, the industry tribunal has held.   Accordingly, the...

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New Delhi : The Cellular Operators' Association of India (COAI) on Thursday decided to file an special leave petition (SLP) in the Supreme Court challenging the regulation issued by the telecom regulator on call drop penalty on October 16, 2015 and against the ruling of the Delhi High Court...

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Chennai : With SEBI on Thursday giving the nod for Japanese Nippon Life Insurance to hike its stakes in Reliance Capital Asset Management to 49 percent, the latter's name will be changed to Reliance Nippon Life Asset Management.   In a statement, Reliance Capital Asset Management said...

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Bankers told IANS that there are no service rules for EDs and CMDs other than "terms and conditions"   With several thousands of crore rupee-worth corporate loans given by government-owned banks turning bad, it is high time the top executives are also brought under service/conduct/...

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Lucknow : The Allahabad High Court (HC) has stayed for a period of three months the installation of television set top boxes (STB) in the state, an official said on Thursday.   The government had through a notification made installation of STBs mandatory after December 31,...

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New Delhi : The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval to wind up the National Manufacturing Competitiveness Council (NMCC) with immediate effect.   An official release said the CCEA gave its approval to winding...

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Why the Supreme Court is the right institution to reverse the trend of escalating bad loans and what it can do   On 17th February, the Supreme Court of India (SC) sent a ripple of hope that it will step into stop the ongoing loot of public sector banks (PSBs) by the nexus of...

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IANS 29 February 2016
New Delhi : Delhi High Court on Monday upheld the order of the Telecom Regulatory Authority of India (TRAI) making it mandatory for cellular operators to compensate subscribers for call drops.   A division bench of Chief Justice G. Rohini and Justice Jayant Nath ordered that telecom...

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Are the recommended changes enough?   The Companies Act is perhaps the most important piece of legislation in the country; it concerns each and every company in India, be it small or big, sick or healthy, private or public, listed or unlisted. The law, enacted in 1956, was being...

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IANS 19 February 2016
Mumbai : The Reserve Bank of India (RBI) on Thursday decided not to allow non-banking financial companies undertake point of presence services for National Pension System (NPS).   "Thebank has examined the proposals and it has been decided in public interest that NBFCs shall not...

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IANS 18 February 2016
New Delhi : Top Indian airline executives under the banner of Federation of Indian Airlines (FIA) on Wednesday met union minister Jitendra Singh and sought their concerns be addressed before finalising the National Civil Aviation Policy (NCAP).   Aditya Ghosh, president, Indigo,...

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Regulators can benefit from positive engagement with informed bloggers on corporate shenanigans   Until the first insider-trading regulations were introduced in 1992, almost anyone who traded on the Indian stock exchanges believed he had a nugget of inside information that was...

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Moneylife Digital Team 16 February 2016
RBI has been asked by the apex court to submit list of big defaulters or whose loans have been restructured under the CDR scheme   The Supreme court on Wednesday asked the Reserve Bank of India to furnish a list of the companies which are in default of loans in excess of Rs500 crore...

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IANS 10 February 2016
New Delhi : The Delhi High Court on Wednesday set aside the order of the trial court directing the CBI to release the documents seized during the raid at the office of Rajendra Kumar, principal secretary to Chief Minister Arvind Kejriwal, on December 15, 2015.   Justice P.S. Teji said...

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