The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd's petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels. The appellate tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), allowing the bid of a Singapore-based entity and said the business decision by the majority of the CoC (Committee of Creditors) "cannot be questioned or looked into". "This recent judgment leaves no doubt about reinforced faith in commercial wisdom of CoC and little scope of any judicial intervention," said a two-member bench of the NCLAT. Earlier, the Hyderabad Bench of NCLT had approved the bids of Singapore-based BREP Asia II Indian Holding Co II (NQ) PTE on February 7, 2020, which was challenged before NCLAT by EIH, a flagship company of The Oberoi Group. EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become ...
Prime Minister Narendra Modi will chair the concluding day of the fourth National Conference of Chief Secretaries in Delhi on Sunday.According to an official release, the three-day Conference held from 13 to 15 December 2024 will emphasise the evolution and implementation of a common development agenda and blueprint for cohesive action in partnership with the states.It will be another key step towards further boosting the partnership between the Centre and the state governments, the release mentioned.It will lay the ground for collaborative action to harness India's demographic dividend by promoting entrepreneurship, enhancing skilling initiatives, and creating sustainable employment opportunities for both rural and urban populations.Based on the extensive deliberations between central Ministries/departments, NITI Aayog, States/UTs and domain experts, the fourth National Conference will focus on the theme 'Promoting Entrepreneurship, Employment & Skilling - Leveraging the ...
He also mentioned that workers in the fine cloth industry in history also had their hands chopped off, destroying a whole tradition and legacy
In a veiled attack at the Congress, Defence Minister Rajnath Singh on Saturday said while the BJP considers the entire country as its family, there are "some people" who have put it at the feet of the leaders of "one family" for its benefit. He exhorted people to understand the difference between the BJP and the Congress. The Defence Minister was addressing an event organised by RSS affiliate Sewa Bharti here to felicitate people for their service to society. "You must have noted that when Prime Minister Narendra Modi addresses people, he repeatedly says 'mere parivaarjano' (my family members)," the minister said. "We consider the entire country our family, whereas there are some people who, for the benefit of one family, have put the entire country at the feet of their leaders," he said in a veiled reference to the Congress and Nehru-Gandhi family. "There is a need to understand this difference," he added. Singh said the Union government under the leadership of Modi is working f
Maharashtra Chief Minister Devendra Fadnavis on Friday said India has become the fastest-growing economy in the world under the leadership of Prime Minister Narendra Modi which he said encompasses speed, transparency and inclusivity. Addressing the World Hindu Economic Forum here, Fadnavis said "Modi's Hindu growth rate model" will show a new direction to the world while it becomes the fastest-growing economy. Hindu rate of growth points to India's slow economic growth between the 1950s and 1980s. Maharashtra too aspires to be a part of this growth story and be a trillion dollar economy by 2028, he said. Besides pushing for infrastructure growth, Fadnavis said, the government is working in the field of green energy and water conservation in the state. He called technology inclusive and said it plays an important role in development. Fadnavis said PM Modi believes in sustainable development and has worked towards cultural and social progress apart from focussing on economics. He .
Rahul Gandhi accused the government of being intent on privatizing even the profitable PSUs, alleging that national assets were being handed over to a 'select group of capitalists'
The government on Wednesday said it is "open to the idea" of bringing in a new law to regulate artificial intelligence but a "lot of consensus" is required for it. Responding to a question in the Lok Sabha, IT Minister Ashwini Vaishnaw also said that the Modi government believes in "democratising technology" which was not the case during the Congress rule, remarks that triggered protests by opposition benches. Responding to a supplementary on whether the government plans to bring a law on regulating artificial intelligence, Vaishnaw also said that fake narratives is a major challenge faced by societies across the world today. He said accountability has to be established in the society and the legal framework has to change for which "lots of consensus" is required because as on the one hand there is freedom of speech and creating of a real, proper news network on the other. "There are things which need to be debated and if the House agrees and if there is a consensus in the society
Leader of the Opposition in Lok Sabha Rahul Gandhi on Wednesday accused the government of using public sector banks, the "lifelines of the masses", as an unlimited source of funds for their "fraudulent friends". Gandhi met a delegation from the All India Banking Officers Confederation. "The Modi government has turned these lifelines of the masses into private financiers for only the rich and powerful corporations," he said in a post on X. After meeting the members, he expressed distress at the state of public sector banks and its impact on common people. "Public Sector Banks are being forced to prioritise profit over people and are thus unable to serve the public effectively. With staff shortages and a toxic work environment, they are expected to reach unachievable targets without a level playing field," Gandhi said after hearing the members of the confederation. He alleged women employees are not given equal opportunity or advancement avenues and are forced to bear the brunt of th
Members of the Indian delegation had the honour of meeting Pope Francis at Vatican City, presenting two books, Modi@20BJP Spokesperson Anil K Antony posted on X (formerly Twitter), saying, "Very blessed to meet Holy Father Pope Francis at Vatican City as a part of the Indian delegation. Presented two books 'Modi@20 , dreams meet delivery' and 'Mann Ki Baat @100, igniting collecting goodness' to His Holiness during my interaction with him."Highlighting Prime Minister Narendra Modi's governance and leadership, the books were offered as a gesture of cultural and diplomatic exchange during the interaction.The BlueKraft Digital Foundation, responsible for publishing the works, expressed pride in this significant moment. In a post on X, the foundation wrote, "A moment of immense pride for Bluekraft Digital Foundation as 'Modi@20: Dreams Meet Delivery' and 'Mann Ki Baat: Igniting Collective Change'--two seminal works reflecting the governance & leadership of PM Narendra Modi were ...
Haryana Chief Minister Nayab Singh Saini on Tuesday said it is unfortunate that the Congress and the other opposition parties are doing politics in the name of farmers, even as he asked why some opposition-ruled states are not procuring all crops at MSP like Haryana. During an interaction with mediapersons here, Saini was asked if he would like to make any appeal to the protesting farmers from Punjab, who claim the authorities in Haryana are preventing them from marching to Delhi from the Shambhu border. "I am the son of a poor farmer. I know the problems farmers face... I have done farming myself. I want to thank the prime minister, who in the past 10 years took several steps to empower the farmers," Saini said. A large number of farmers have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after their march to Delhi was stopped by security forces. Besides legal guarantee of MSP for crops, their other demands include debt waiver and .
Leader of Opposition in the Lok Sabha Rahul Gandhi on Tuesday said "big companies are creating a monopoly" to drive small shopkeepers out of business and asserted that he is talking about strengthening such small businesses as they are holding the country's economy together. Gandhi posted a video on his social media handles on his recent visit to a 'kirana store' in Delhi's Bhogal to learn about the issues being faced by such small business owners. "There are about 1.3 crore grocery shops in the country. And about 15 to 20 crore families are directly or indirectly dependent on these shops. Recently, I visited one such shop in Bhogal, Delhi and talked to the shopkeepers, workers and some customers there," he said in the post accompanying the video. "The shop owners told me that they are under a lot of pressure since the arrival of quick commerce companies. Big companies are creating a monopoly so that small shopkeepers can be put out of business," the former Congress chief said. Goo
As soon as the Rajya Sabha session reconvened at noon following an adjournment, Opposition leaders began raising slogans, sparking a massive uproar in the House
The People's Democratic Party (PDP) has said that governing Jammu and Kashmir requires a "delicate dance" with the Centre. "Governing J&K effectively requires a delicate dance with New Delhi, as acknowledged by the new government (in Jammu and Kashmir)," the PDP said in its monthly newsletter 'Speak Up' The party said its late patron Mufti Mohammad Sayeed knew that for J-K's larger interest, unconventional paths must be explored, urging the BJP to adopt a more conciliatory approach akin to that of former PM Atal Bihari Vajpayee. "So, even with BJP's limited local influence, strategic engagement is necessary to leverage what rightfully belongs to J&K. Recent arbitrary dismissals of two employees, even with a popular government in place, raise questions. For now, all eyes are on the new government," the party said. The PDP said in Jammu and Kashmir, winning an election might be the simplest part of the political journey. "The real challenge is managing the complex web of public .
Prime Minister Narendra Modi will visit Rajasthan on Monday during which he will inaugurate the Rising Rajasthan Global Investment Summit 2024. He will also visit Haryana the same day and will launch the LIC's Bima Sakhi Yojana and lay the foundation stone of the main campus of the Maharana Pratap Horticultural University in Panipat. Prime Minister Modi will travel to Jaipur and at around 10:30 AM, he will inaugurate the Rising Rajasthan Global Investment Summit 2024 at Jaipur Exhibition and Convention Centre (JECC), a statement issued by the Prime Minister's Office said. Thereafter, he will travel to Panipat and at around 2 PM, launch LIC's Bima Sakhi Yojana and lay the foundation stone of the main campus of Maharana Pratap Horticultural University. In Rajasthan, Modi will inaugurate the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo at Jaipur Exhibition and Convention Centre (JECC) and address the gathering on the occasion. The theme of th
Indian priest George Jacob Koovakad being elevated as a Cardinal of the Holy Roman Catholic Church by Pope Francis is a matter of great joy and pride for India, Prime Minister Narendra Modi said on Sunday. He said George Cardinal Koovakad has devoted his life to the service of humanity as an ardent follower of Jesus Christ. "A matter of great joy and pride for India! Delighted at His Eminence George Jacob Koovakad being created a Cardinal of the Holy Roman Catholic Church by His Holiness Pope Francis," Modi said in a post on X. "His Eminence George Cardinal Koovakad has devoted his life in service of humanity as an ardent follower of Lord Jesus Christ. My best wishes for his future endeavours," the prime minister said. In a grand consistory held in the Vatican on Saturday, 51-year-old Koovakad was elevated to the rank of cardinal by Pope Francis. The ceremony, held at the famous St Peter's Basilica and attended by clergy and dignitaries from around the world, witnessed the inducti
SKMU's Ayyakannu mentioned that recommendations of MS Swaminathan report for farmers' welfare were not considered during Congress regime, and the same issue persists under BJP government
Punjab farmer leader Sarwan Singh Pandher said on Saturday that they have not received any message from the Centre for talks to address their issues and said a group of 101 farmers will again begin their march to Delhi on December 8. On Friday, protesting farmers suspended their foot march to the national capital for the day after some of them suffered injuries due to tear gas shells fired by security personnel, who stopped them at the Punjab-Haryana border. The farmers have been pressing for various demands, including a legal guarantee for Minimum Support Price (MSP). Addressing the media at Shambhu on the Punjab-Haryana border on Saturday, Pandher said 16 farmers suffered injuries and one of them lost hearing ability because of the teargas shelling by Haryana security personnel. Except four injured farmers, the rest of them have been discharged from hospital, he said, adding, "We have not received any message from the Centre for holding talks. The (Narendra) Modi government is in
Governments before 2014 worked piecemeal while trying to achieve the Constitutional objective of a welfare state but this concept was turned into reality by Prime Minister Narendra Modi, Union minister Amit Shah said on Saturday. Shah said Modi understood the mantra that "development of India cannot happen until its 60 crore population remains poor", and worked to lift 25 crore people from poverty in the last 10 years. "However, a government can never do such a big work alone. If trusts, individuals, and service organisations come together, we will soon come out of this problem," the Union Home Minister said while addressing a gathering at the annual Gujarat Lok Seva Trust event in Ahmedabad. Following a very learned debate, Constituent Assembly president Rajendra Prasad had concluded that establishing a welfare state should be the basic purpose of the Constitution, Shah said. The basic objective of creating a State by ensuring the welfare of every person, equal development, and th
The Kerala High Court on Friday criticised the Centre and state governments for lack of clarity regarding the disaster relief and rehabilitation fund accounts in connection with the landslides that hit Wayanad in July this year. A bench of Justices A K Jayasankaran Nambiar and Mohmmed Nias C P directed that the Finance Officer of the State Disaster Management Authority be present in person on Saturday to present the accounts. The court also posed several queries, including how much funds were required for reconstruction and rehabilitation of the landslides-hit areas of Wayanad and the amount of financial assistance to be provided by the Centre, to which it wanted answers. The queries also included how much amount was there in the relief fund before the disaster, how much was available for use out of it and what portion of the amount allocated by the Centre was utilised. The bench said once these queries are addressed, it will issue further directions. The queries from the court ca
I hope the state and central government work together with the community and bring back peace because that is the most important thing, Bhaichung Bhutia added