Can Railway, NBFCs and PSUs appoint arbitrators unilaterally?NEW DELHI: The Supreme Court on Thursday said at a time when private investment in India is crucial to the country’s economy, the need of the hour is a robust, transparent and independent arbitration system to infuse confidence in the domestic and international investors.This observation came from a…
NEW DELHI: In a financial bonanza for mineral-rich states, Supreme Court on Wednesday asked public sector undertakings and private entities engaged in mining activities, as well as those using mineral produce as raw material, to pay arrears of royalty and tax on mineral-bearing land to states from 2005 in a staggered manner over the next…
NEW DELHI: Pleading with the Supreme Court for prospective implementation of its nine-judge bench ruling allowing states to levy royalty on extracted minerals and tax on mineral-bearing lands, the Union government on Wednesday said retrospective application would create a burden humongous enough to ruin many PSUs and industries, dent the larger economy and send prices…
NEW DELHI: In a clear message to DRDO, defence PSUs and other agencies amid the continuing delay in the delivery of Tejas fighters and other indigenous weapon systems, IAF vice chief Friday said national security and operational readiness cannot be sacrificed at the altar of self-reliance. “Atmanirbharta (self-reliance) is what we are riding on…But this…
Finance Minister Nirmala Sitharaman, has hit out at the opposition’s claims of Public Sector Undertakings (PSUs) being in disarray under Narendra Modi government, by listing 10 points on the performance of these entities.In a post on X (formerly Twitter), Sitharaman has said that the collective market capitalization of the 81 publicly traded PSUs has experienced…
