Govt notifies ‘Sarbakhyama’

Bhubaneswar: Ending all speculations, the state government Wednesday notified the long-awaited ‘Sarbakhyama Yojana’ (amnesty scheme) to benefit owners of unauthorised buildings in nine development areas of the state. Housing and urban development (H&UD) minister Niranjan Pujari announced the relaunch of the scheme at a press meet in the secretariat. Under...

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Competition Commission gives conditional nod for Bayer-Monsanto deal

Competition Commission gives conditional nod for Bayer-Monsanto deal

New Delhi: Fair trade watchdog Competition Commission of India (CCI) has approved the acquisition of Monsanto by Bayer AG, subject to conditions designed to remove anti-competitive effects from the deal, the government announced Wednesday. A Corporate Affairs Ministry statement here said that the CCI acted on a notice received from German healthcare major Bayer in relation to its proposed acquisition of American agrochemicals giant Monsanto. The conditions include divestment of Bayer’s...

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Voda-Idea merger: DoT receives legal view on issue of raising demand for dues

Voda-Idea merger: DoT receives legal view on issue of raising demand for dues

New Delhi: The telecom department has received legal opinion on the issue of raising demand for dues pertaining to Vodafone, ahead of the proposed mega-merger of Vodafone and Idea Cellular in the Indian market, according to a senior government official. The legal opinion had been sought by DoT (Department of Telecom) recently as some of the demands for arrears are sub judice. The dues pertain to one-time spectrum charges on administratively-allotted...

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PNB fraud result of lapses at multiple levels: Internal report

PNB fraud result of lapses at multiple levels: Internal report

Mumbai/New Delhi, June 20: A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank’s own internal probe has found. PNB, India’s second-biggest state-controlled lender, has previously alleged that a handful of staff at a single Mumbai branch issued fake bank guarantees over several...

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Thursday, June 21, 2018
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