Articles for tag: Bond, Critical, Due, Financially, Government, Interest, MTNL, Payment, Relies, September, Struggling, Support, Years

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MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, is facing financial difficulties and has struggled with losses almost every year since 2008, with only one profitable year in 2013-14. The government has announced that it will step in to cover MTNL’s upcoming interest payment on bonds due on September 24. Recently, MTNL communicated that ...

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At the Kisan Mahapanchayat in Haryana, farmers declared neutrality in elections, focusing on uniting against government injustices and strengthening their movement.

At the Kisan Mahapanchayat in Haryana, farmers declared neutrality in elections, focusing on uniting against government injustices and strengthening their movement.

Farmers gathered at the Kisan Mahapanchayat in Uchana, Haryana, on September 15, 2024, to discuss their ongoing movement rather than political support. Organized by the Bharatiya Kisan Naujawan Union, the event saw participation from a large number of farmers from Haryana, Punjab, and beyond. Farmer leader Jagjit Singh Dallewal emphasized that their focus is on ...

Market News

The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.

The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.

The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...

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Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress MP Jairam Ramesh has accused the Mahayuti government in Maharashtra of facilitating a “rigged deal” after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to the state. This comes as the government faces the prospect of a significant defeat in the upcoming assembly polls. Ramesh criticized ...

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Kejriwal’s Bail Sparks AAP’s Fury: Is Modi’s Government Playing Political Chess with Delhi’s Leadership?

Delhi Chief Minister Arvind Kejriwal, recently granted interim bail by the Supreme Court in the excise policy case, is under political fire from the Aam Aadmi Party (AAP). AAP leaders accuse Prime Minister Narendra Modi and Union Home Minister Amit Shah of orchestrating Kejriwal’s arrest as part of a conspiracy to undermine his political career. ...

Market News

Government raises customs duties on edible oils to boost farmer incomes, while also slashing onion export duties for increased trade.

Government raises customs duties on edible oils to boost farmer incomes, while also slashing onion export duties for increased trade.

The Indian government has announced an increase in customs duties on crude palm and refined sunflower oil, raising them to 20% and 32.5%, respectively. This move is expected to significantly benefit farmers, especially those in key producing states like Maharashtra and Madhya Pradesh, as it will help raise their income. Additionally, the government removed the ...

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Arvind Kejriwal granted bail amid liquor policy scam, AAP claims government misuse of agencies; focuses on Haryana elections ahead.

Arvind Kejriwal granted bail amid liquor policy scam, AAP claims government misuse of agencies; focuses on Haryana elections ahead.

Delhi Chief Minister Arvind Kejriwal has been granted bail by the Supreme Court in connection with the alleged liquor policy scam. This decision follows his arrest on March 21 by the Enforcement Directorate, which is investigating money laundering in relation to the case. The Supreme Court had previously given him interim bail during another investigation ...

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Odisha’s Majhi Government Clamps Down on Retired Employee Rehiring: A Bold Move or Just Another Political Play?

The Odisha government, under Chief Minister Mohan Majhi, has ended the widespread rehiring of retired employees that was common in the previous Biju Janata Dal administration. A new guideline limits rehiring to just 1% of the approved staff for senior positions and requires departments to justify the need for each rehiring. This change comes after ...

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The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government has approved a significant 500 million pound grant to Tata Steel to support the decarbonisation of its operations in Britain. This funding will help install a modern electric arc furnace at Tata’s Port Talbot steelworks in Wales, part of a larger 1.25 billion pound green steel project. The agreement aims to preserve ...

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