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As many as eight Indian-origin persons, including those working with Tatas and Bharti group, have been named among 40 young leaders of the global telecom industry. Indians featured in the ’40 under 40′ list by Global Telecoms Business (GTB), a telecommunications magazine, include Srinivasa Addepalli of Tata Communications, Pankaj Agrawal (Aircel), Ajay Chitkara (Bharti Airtel), Gauri Raizada (Tata Teleservices) and Rene Meza (Airtel Kenya), Mukesh Bavisi (Exponential-e), Udit Mehrotra (Shyam Networks) and Upendra Poranki (Nokia Siemens Networks).
The Central Bureau of Investigation has today arrested an absconding accused who was involved in the offence of forgery, cheating & duping innocent public. A case was registered by the CBI U/s 420, 467 and 468 of IPC against accused of Vishakhapatnam and others for cheating different persons by presenting forged documents purportedly issued by Director, CBI; British High Commission & Union Finance Ministry (Government of India) and using these forged documents as genuine, thereby inducing the innocent persons to part with huge amounts.
Applicants for new domestic LPG cooking gas connections can now produce the letters of allotment of Aadhaar numbers issued by Unique Identification Authority of India (UIDAI) as proof of identity and proof of address. State-owned fuel retailers have advised their ‘LPG distributors to include the letter of issue of Aadhaar numbers with photograph and address issued by UIDAI as proof of identify and address for release of new LPG connections,’ Bharat Petroleum and Hindustan Petroleum said in identical press statements here.
The Empowered Group of Ministers on fuel headed by Finance Minister Pranab Mukherjee has decided to up diesel prices by Rs 3 per litre, confirmed oil minister Jaipal Reddy. While addressing the press post the EGoM meet, he said kerosene prices have been hiked by Rs 2 per litre while LPG rates have been raised by Rs. 50 per cylinder. The price hike is excluding value added tax (VAT). The oil ministry had earlier said there wouldn’t be any hike in prices.
The centre is likely to come out with a uniform and market-friendly stamp duty structure for transactions in the capital and commodities markets within two weeks, a senior finance ministry official said. Department of Economic Affairs and Department of Revenue are in consultation to evolve a market friendly stamp duty structure, a senior ministry official said.
For the first time, DBRS has upgraded the trend of India’s Long Term foreign and local currency debt ratings from BBB (low) Negative to stable outlook. DBRS, an international sovereign credit rating agency, has been rating India’s debt since June 2007. Elaborating on the upgrade in the credit rating trend for India, DBRS has appreciated the efforts of the Government of India stating that there is ‘evidence of a stronger commitment to fiscal deficit reduction [in the] 2011-12 Budget’.
More than half of the country’s overall workforce is self-employed, even as female employees receive less remuneration than their male counterparts for doing similar jobs, as per the data of a government survey released today. While 51 per cent of the country’s total workforce are self-employed, only around 15.6 per cent are ‘regular wage/ salaried’ employees and 33.5 per cent are casual labours, the key indicators from a survey the National Sample Survey Office (NSSO) revealed.
The Central Bureau of Investigation (CBI) will seek clarification from UB Group and India Cements over money given by them to Kalaignar TV to apparently help the channel return over Rs 200 crore allegedly received by it from DB Group of companies in return for allocation of 2G spectrum.
Mauritius Treaty – A Joint Working Group (JWG) was constituted in 2006 for the purpose of renegotiating the Direct Taxation Avoidance Convention with Mauritius and its last meeting was held in 2008. Thereafter, India has successfully used the mechanism of the Peer Review Group (PRG) of the Global Forum for Transparency and Exchange of Information for Tax Purposes – of which India is Vice Chair – to leverage arguments with the Mauritian side to be more open in furnishing tax related information to India.
Government of India has evolved a Scheme named Rajiv Gandhi Adhivakta Prashikshan Yojna (Rajiv Gandhi Advocate’s Training Scheme) to be launched on 27 June, 2011. The Scheme envisages selection of 10 young practicing Advocates from each State every year for being imparted professional training. This initiative is in sync with the Supreme Court directive in the case of State of Maharashtra vs Manubhai Pragaji Vashi (1995) 5 SCC 730 where the Court had observed that continuing and well organised legal education is absolutely essential reckoning the new trends in the world order and to meet the ever-growing challenges.
