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Top News / Business Standard

Best of BS Opinion: Tax terrorism, govt's financial constraints, and more

If the mood in the finance ministry is an indication, all schemes and projects will be under watch

19 Aug 2019 6:41 am
Iranian tanker sought by US heads to unknown destination

An Iranian supertanker hauling USD130 million worth of light crude oil that the US suspects to be tied to a sanctioned organization has lifted its anchor and begun moving away from Gibraltar, marine traffic monitoring data showed late Sunday. The trail left by GPS data on, a vessel tracking service, showed the Iran-flagged Adrian Darya 1, previously known as Grace 1, moving shortly before midnight. The tanker slowly steered southeast toward a narrow stretch of international wat

19 Aug 2019 4:10 am
1 ambulance driver killed in clash between rebels, Army in Myanmar

A volunteer ambulance driver was killed and several others sustained injuries during a clash that broke between separatist rebels and government forces in northern Myanmar last week.The rescue workers were about 20 kilometres from Lashio, the largest town in Shan State, where armed groups have been fighting for greater autonomy from the central government when their convoy came under attack on Saturday, Al Jazeera reported.The area around Lashio is also home to what is believed to be the world's

19 Aug 2019 3:50 am
Afghan NSA visits Kabul terror attack victims

Afghanistan's National Security Advisor, Hamdullah Mohib on Sunday paid a visit to the victims of the suicide bombing that had targeted a wedding hall in Kabul and claimed lives of 63 people.Around 180 people sustained injuries in what is believed to be the deadliest act of terror this year in the war-torn country. The incident came a few days after the end of the Muslim holiday of Eid al-Adha and just before the country was to marks it 100th Independence day on Monday.The incident had occurred

19 Aug 2019 3:36 am
11 killed as container truck collides with state bus in Maharashtra's Dhule

At least 11 people were killed and 15 injured when a container truck collided with a state transport bus coming from the opposite direction in Maharashtra's Dhule district, police said on Monday. The accident took place near Nimgul village on the Shahada-Dondaicha road around 10.30 pm on Sunday, an official said, adding that the bus was headed for Aurangabad. Eleven people, including both drivers, died on the spot, he said. The injured were rushed to a state hospital in Dhule, the official said.

19 Aug 2019 2:20 am
SBI extends credit period to 75-day for auto dealers facing slack in demand

The auto sector is facing its worst crisis in two decades and reports suggest thousands of job losses in the automobile and ancillary industry

19 Aug 2019 1:38 am
Banks may take majority stake in DHFL, convert part of debt into equity

DHFL owes banks Rs 40,600 crore. It also has a liability of Rs 45,380 crore to pay the holders of debentures and bonds

19 Aug 2019 1:06 am
Man injured after kite string slits throat in Delhi

A 35-year-old man was injured after his throat was slit by glass-coated kite thread in Paschim Vihar here while he was returning home with his wife and daughter on a scooter, police said on Sunday. After celebrating Rakshabandhan on Thursday, Raman Oberoi, a resident of Shah Nagar, was going to Rohini with this family when a kite string got entangled around his neck and slit his throat, they said. Oberoi fell on the roadside and some bystanders rushed him to a nearby hospital, police said, addin

19 Aug 2019 1:00 am
Credit rating agencies, auditors on ED radar in IL&FS charge sheet

Agency plans further probe to establish charges of concealment and collusion with former IL&FS brass; to file additional charge sheet soon

19 Aug 2019 12:59 am
Canada's Brookfield makes a foray into development management business

Undertakes commercial project for Pune landlord

19 Aug 2019 12:55 am
Credit rating agencies likely to get access to loan default details

At present, banks do not share with CRAs details of a company's existing and future borrowing

19 Aug 2019 12:54 am
Tax terrorism: Embedded in laws & practice

Blaming tax officials will not help us get to the root of the issue. The problem is government itself, in two important ways

19 Aug 2019 12:41 am
Criminal offences in Companies Act to be slashed, govt mulls 65 changes

The offences punishable with imprisonment, a fine, or both are compoundable, and offences punishable with imprisonment and a fine are non-compoundable

19 Aug 2019 12:39 am
Boost for start-ups

DVRs will encourage listing in India

19 Aug 2019 12:37 am
England and Australia draw second Ashes Test

The second Test between England and Australia ended in a draw at Lord's on Sunday. Australia, set an unlikely 267 to win in a minimum of 48 overs after England captain Joe Root's declaration, finished on 154-6, with Marnus Labuschagne -- Test cricket's first concussion substitute -- top-scoring with 59. A draw always looked likely in a match that saw five whole sessions lost to rain and Australia's Steve Smith ruled out with concussion on Sunday after being hit on the neck by a Jofra Archer boun

19 Aug 2019 12:25 am
Improving supply of animal products

The provisional data from the livestock census shows improving productivity and geographical spread

19 Aug 2019 12:25 am
Decriminalising corporate law

Good move, but a more holistic approach needed

19 Aug 2019 12:14 am
Divyang mountaineer scales Mount Elbrus

A 22-year-old Divyang (differently- abled) mountaineer, Dhiraj Kalsait, from Akola in Maharashtra has successfully scaled Mount Elbrus in Russia on August 16. Mount Elbrus is the highest peak in Europe though the Caucasus mountains are at the intersection of Europe and Asia. Kalsait had climbed Mount Kilimanjaro in South Africa in the past. He started his climb on the night of August 15 and reached the summit at 8.30 am the next day. The climber, who had lost his leg in an accident, is now

19 Aug 2019 12:05 am
Washery tenders delayed, clean coal plan in soup: Here're the details

Coal washing improves the quality by reducing the ash content to 33 per cent from the earlier 40-45 in average coal in India

18 Aug 2019 11:36 pm
QIP, balance sheet repair secure YES Bank's growth, says Ravneet Gill

Categorically terming the round of fund infusion as growth capital, Gill believes that it gives the bank some breathing room to think about how the bank should be recapitalised further

18 Aug 2019 11:34 pm
Explained in 7 charts: Cause and magnitude of automobile slowdown

While auto parts exports have remained unchanged, car and two-wheeler exports have shrunk, suggesting that demand for completed vehicles is a bigger worry in global markets for Indian auto players

18 Aug 2019 11:30 pm
Export boost may've caught PM's attention

In his I-Day speech, the Prime Minister suggested that farmers should be exporters and that each of our districts must become an export hub for its specialty

18 Aug 2019 11:29 pm
IT companies fume over double taxation avoidance treaty with Australia

India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the $185-190 billion global services sourcing business in 2017-18

18 Aug 2019 11:26 pm
150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

18 Aug 2019 11:23 pm
18 Aug 2019 11:17 pm
Fugitive gang leader for duping passengers arrested from Mumbai Immigration

A fugitive gang leader of agents, who used to cheat passengers on the pretext of providing visa, was arrested from Mumbai Immigration by a Delhi Police team deployed at IGI Airport in the national capital.IGI Airport unit arrested the accused Santosh Bhagwan Behera (35) on Friday from Mumbai immigration.The fugitive gang leader Behera, a resident of Mumbai, was first apprehended by immigration staff of Mumbai Airport but somehow managed to escape from the custody of the staff.The cases of cheati

18 Aug 2019 11:09 pm
Tgana: Rao to take views of district Collectors on proposed

Telangana Chief Minister K Chandrasekhar Rao would meet district Collectors on Tuesday to elicit their views on the proposed new Revenue Act. Against the backdrop of bringing in a new Revenue Act, the Chief Minister wants to take the views, opinions and suggestions from the district collectors, who have direct experience about the land management at the ground level, a release from the chief minister's office said. The meeting would comprehensively discuss formulating guidelines for the n

18 Aug 2019 10:55 pm
More flights to Kerala from Gulf countries during Onam

Minister of State for External Affairs V Muraleedharan on Monday promised more flights to Kerala from the Gulf countries during the coming Onam season. The Minister said starting more flight services was one way out to address the problem of steep rise in airfares for international flights from the Gulf countries during the festival season. He was addressing the 10th anniversary of the Pravasi Legal Cell here. Muraleedharan said the Civil Aviation Ministry was also looking at other option

18 Aug 2019 10:55 pm
Letter to BS: No one killed Pehlu Khan? All six accused acquitted

Everyone - from the witnesses, the viewers of the video footage and the police and the courts - know who lynched Pehlu Khan to death

18 Aug 2019 10:43 pm
Tata group's retain chain Trent bucks the trend, shines amid gloom

Affordable pricing, contemporary designs and efficient supply chain keep cash registers ringing

18 Aug 2019 10:42 pm
Telangana cop caught taking bribe day after getting best constable award

Constable Tirupati Reddy of Mahabubnagar district was caught by the ACB accepting a bribe of Rs 17,000 from a sand tractor owner

18 Aug 2019 10:42 pm
Wildlife now roam where US once forged its deadliest weapons

From a tiny Pacific island to a leafy Indiana forest, a handful of sites where the United States manufactured and tested some of the most lethal weapons known to humankind are now peaceful havens for wildlife. An astonishing array of animals and habitats flourished on six obsolete weapons complexes mostly for nuclear or chemical arms because the sites banned the public and other intrusions for decades. The government converted them into refuges under US Fish and Wildlife Service management, an

18 Aug 2019 10:40 pm
Rhetoric, reform, reformers

We require a drastic change in rhetoric backed by major policy change. Policy must reward enterprise and assume honesty

18 Aug 2019 10:33 pm
Sun Pharma still has a long way to go for US specialty ramp-up: Experts

Sun's focus on specialty comes at a time when its US revenues are under pressure owing to competitive intensity

18 Aug 2019 10:32 pm
The importance of being Acharya's successor

There have been many instances of the deputy governor in charge of monetary policy moving into the corner room in RBI

18 Aug 2019 10:22 pm
Rains lash northern states, 28 dead in Himachal, Punjab, U'khand

Heavy rains lashed northern parts, leaving at least 28 people dead and 22 missing in Himachal Pradesh, Uttarakhand and Punjab on Sunday, while a flood alert was sounded in parts of Delhi, Haryana, Punjab and Uttar Pradesh as Yamuna and other rivers were in spate. Haryana has asked the Army to remain on standby after 8.14 lakh cusec water was released from the Hathini Kund barrage in the Yamuna river. At least 22 people, including two Nepalese, were killed and nine others injured in rain-related

18 Aug 2019 10:20 pm
Robots need reason to work with human in future: Study

Robots need to know the reason why they are doing a job if they are to effectively and safely work alongside people in the near future, suggests researchers.In simple terms, this means machines need to understand motive the way humans do, and not just perform tasks blindly, without context, reported the study published in the journal, 'Nature Machine Intelligence'.Lead author Dr. Valerio Ortenzi, at the University of Birmingham, argued the shift in thinking will be necessary as economies embrace

18 Aug 2019 10:20 pm
Ishant takes two wickets as West Indies A struggle to 79-4 at lunch in warm-up game

Ishant Sharma grabbed two early wickets as India produced a disciplined bowling effort to reduce West Indies A to 79 for four at lunch on the second day of the three-day warm-up game here on Sunday. Ishant was the peak of the bowlers as he claimed the wickets of opener Jeremy Solozano (9) and first-down Brandon King (4) in his first spell of five overs, while Umesh Yadav too found his rhythm early, dismissing Darren Bravo during his five overs giving away just seven runs. Opener Kavem Hodge (45)

18 Aug 2019 10:15 pm
Rajnath, Kejriwal among several leaders who visited AIIMS to enquire about Jaitley's health

Several Union ministers including Rajnath Singh, Smriti Irani and Jitendra Singh, and Delhi Chief Minister Arvind Kejriwal visited AIIMS here on Sunday to enquire about the health condition of former finance minister Arun Jaitley, who is on life support system. Jaitley, 66, was admitted to the hospital on August 9 after he complained of breathlessness and restlessness. The All India Institute of Medical Sciences (AIIMS) has not issued any bulletin on Jaitley's health condition since August 10, a

18 Aug 2019 10:15 pm
Pruning schemes

With government expenditure under squeeze, many central schemes will come under scrutiny and a few of them may be wound up

18 Aug 2019 10:11 pm
Toll in flood hit Karna goes up to 76

The toll in rain related incidents in flood hit Karnataka went up to 76 on Sunday, with the recovery of 10 more bodies, while 10 persons are still classified as missing in the state, where relief and rehabilitation work is underway,officials said here on Sunday. The districts of north, coastal and Malnad regions were badly affected in the rains, floods and landslides in the last couple of weeks. Relief operations were being constantly monitored by the Chief Minister and Chief Secretary, o

18 Aug 2019 10:10 pm
Rattled by Jio, multiplexes refuse to screen films released on OTT as well

Currently, the average gap between a theatrical and other modes of releases like OTT or TV is between one and two months

18 Aug 2019 10:10 pm
Bumpy road ahead: Automakers to face a long winter if govt doesn't act

What dismays automakers the most is the government's failure to take measures to kick-start growth

18 Aug 2019 10:08 pm
Ratul Puri, parents booked for Rs 354-cr bank fraud involving Moser Baer

The CBI has booked Madhya Pradesh Chief Minister Kamal Nath's nephew Ratul Puri, who formerly served as executive director of Moser Baer, and others in connection with a Rs-354 crore bank fraud case filed by Central Bank of India, officials said on Sunday. Besides Ratul, his father and Managing Director Deepak Puri, mother and Director Nita Puri (Kamal Nath's sister), and other Directors Sanjay Jain and Vineet Sharma have been booked, along with the company, Moser Baer India Limited (MBIL), they

18 Aug 2019 10:00 pm
3 killed, 22 go missing as heavy rains lash U'khand

Three people were killed and around 22 went missing as heavy rains lashed Uttarakhand on Sunday, razing houses to ground and uprooting trees in the state. Cloudbursts in Mori block of Uttarkashi district late on Saturday night flooded the tributaries of the Yamuna river which wreaked havoc in Arakot, Sanel, Makudi and Tikochi villages, flattening a number of houses. One woman was killed in Makudi village of the district, while seven went missing as a dozen houses were flattened in the hamlet. An

18 Aug 2019 10:00 pm
Haryana Police Complaints Authority chairperson passes away

Haryana Police Complaints Authority chairperson Ram Niwas died on Sunday following an illness, an official statement said. Niwas was 60. He breathed his last at PGIMER here. Haryana Chief Minister Manohar Lal Khattar expressed condolences on the demise of Ram Niwas. The retired 1985-batch IAS officer served on many prestigious positions in the Haryana and the central government as well as in the Chandigarh administration, the statement said. The body will be cremated at 11 am on Monday at the Cr

18 Aug 2019 9:55 pm
CBI books Ratul Puri, 4 others in bank fraud case

The Central Bureau of Investigation on Sunday booked Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath and the then executive director of Moser Baer, and four others in connection with fraud worth Rs 354 crore.CBI also conducted searches at six places, including the office of Moser Baer India Limited in New Delhi's Okhla and residential premises of present and former directors of the company.Besides Ratul, those who were booked by the investigating agency are -- Deepak Puri, Nita Pu

18 Aug 2019 9:52 pm
CO2 row over climate activist Thunberg's yacht trip to New York

The team behind teenage climate activist Greta Thunberg's yacht voyage to New York on Sunday fended off claims that her trip will create carbon emissions because team members will take transatlantic flights. The 16-year-old Swede, whose school strikes have inspired children across the world to protest against global warming, refuses to fly because of the carbon emissions caused by planes. But she has been offered a lift on the Malizia II racing yacht, and set off on August 15 along with her fat

18 Aug 2019 9:45 pm
SC verdict on Tarun Tejpal's plea in sexual harassment case likely Monday

Tarun Tejpal, founder and former editor of Tehelka magazine, has denied charges made by a former colleague.

18 Aug 2019 9:45 pm
Moglix to set up industrial distribution centres in 25 major hubs of India

Founded by Rahul Garg, Singapore-headquartered Moglix, which gets about 80 per cent of its revenue from India, is a B2B e-commerce platform for industrial products

18 Aug 2019 9:35 pm