INDEPENDENT PRACTICE
Need to unbundle natural gas marketing and transportation, says Indian Gas Exchange CEO
Indian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta advocated for an independent system operator to ensure fair access to natural gas pipelines' full capacity for all market players. He proposed the split of gas companies into separate marketing and transportation entities. He emphasised the need for a level playing field through equal access to information and charge mechanisms. Mediratta suggested measures for developing the domestic natural gas market, including bringing gas under GST and enforcing open access in city gas areas.
Independent candidate moves HC against Shiv Sena candidate Waikar's LS win; alleges fraud
"Due to this incident, some serious concerns have been further raised about the transparency in the electoral process," Shah's plea said. It alleged certain close associates of Waikar, including his daughter, were present in the control room of the polling centre and were using their mobile phones, which is not permitted. The petition, which also sought for HC to call for the CCTV footage of the polling centre, will come up for hearing in due course of time.
China threatens death penalty for 'diehard' Taiwan separatists
China threatens death penalty for extreme cases of Taiwan independence separatists, despite lack of jurisdiction. China plans to punish separatists severely and defend national unity. The new guidelines, based on existing laws, allow for military action against Taiwan if it secedes. Chinese official warns of death penalty for secession crime. Taiwan government is yet to respond. Previous legal measures against Taiwanese officials had little effect due to lack of jurisdiction.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
ARC route being misused by "tainted" promoters: RBI deputy governor Rao
M Rajeshwar Rao stressed that asked the leaders of the ARC sector to ensure that the sector remains focused on course charted through legislative and regulatory intent and should ensure that any negative perception about the functioning and governance standards of the ARCs is dispelled.
Poll manifesto promises won't amount to corrupt practice: SC
The observation was made by a bench of justices Surya Kant and KV Viswanathan on a plea filed by a voter from Chamrajpet assembly constituency in Karnataka. The petitioner had challenged the election of Cong candidate BZ Zameer Akhmed Khan.
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Xi's bugbear: The man behind China's latest shock-and-awe maneuver
Taiwan's new leader, Lai Ching-te, has provoked China into military drills around the island in response to his inauguration and calls for Beijing to cease threats. China views Taiwan as a rebel province, while Lai asserts the country's separate status. The military escalation raises fears of a possible invasion.
Making independence count
Sebi recently fined two independent directors (IDs) ₹10 lakh each for neglecting their statutory duties and failing to protect shareholders' interests, highlighting the increasing scrutiny on IDs. The role of IDs has evolved to encompass crisis management, risk assessment, and sustainability, as per CII guidelines. There's a call for robust evaluation mechanisms for IDs and legal safeguards to protect them from personal liability. Sebi's decision coincides with the tenure rule for IDs introduced by the Companies Act, raising concerns about the independence of IDs, especially those with ties to the promoter group or former employees.
Bengaluru police shares practical tips on how to handle road rage situation
To address rising road rage incidents, Bengaluru Police shared a guide on managing such situations effectively. The video advises remaining calm, avoiding arguments, noting vehicle details, and contacting the emergency helpline. It emphasizes safety, suggesting not disrupting traffic, taking photos, and providing accounts to the police. While praised for educating the public, some express concerns about law enforcement's effectiveness and language barriers faced by non-Kannada speakers.
Alliance of local groups play spoilsport; Independent challenges BJP, Congress in Ladakh
While the BJP has fielded Tashi Gyalson, chief executive councilor-cum-chairman of the Ladakh Autonomous Hill Development Council (Leh), from the seat after dropping sitting MP Jamyang Tsering Namgyal, the Congress has nominated Tsering Namgyal as its candidate.
Time for India to get the investment game right!
Indian households traditionally prefer fixed deposits, gold, and real estate for investments. However, equities, mutual funds, SGBs, InvITs, and REITs offer higher returns over the long term. StockGro aims to educate and empower investors in the equity market. SEBI, NCFE, and RBI play roles in promoting financial literacy and regulating investments.
Donald Trump wants to control the Justice Department and FBI. His allies have a plan
Donald Trump's allies aim to reshape the Justice Department to align with conservative causes, potentially compromising its independence and core values in a second Trump presidency.
Sparking FIRE: How StockGro’s #BFF campaign demystifies the fundamentals of financial freedom and early retirement
Financial freedom is about pursuing passions without financial burdens, intersecting with the FIRE movement for early retirement like FIRERachita. StockGro's #BFF campaign drives financial awareness in India, empowering individuals to achieve financial independence through smart investing and a beginner-friendly platform.
Gorakhpur: Nomination of independent candidate Rajan Yadav alias Arthi Baba cancelled
The nomination of independent candidate Rajan Yadav alias Arthi Baba has been cancelled from the Gorakhpur Lok Sabha seat. During the scrutiny, supervised by Returning Officer Krishna Karunesh, who is also the District Magistrate, 19 nomination papers, including that of Yadav, were cancelled.
Defence industry world over facing capacity crunch, India must step up to fulfil needs: Defence Secretary
Defence Secretary Giridhar Aramane highlighted the global demand for defence utilities amidst geopolitical conflicts, urging Indian shipbuilders to enhance capacity. He mentioned government initiatives and targets for indigenous defence manufacturing and exports, emphasizing the potential for growth and the importance of research and development.
How to manage money after losing spouse? 5 critical lessons to deal with family finances
In a sudden turn of fate, Shubha (49) became a sole guardian of her family's finances after her husband's death. With young children (17 & 13), she took charge, seeking guidance from trusted advisors. To secure their future, Shubha meticulously documented all assets (bank accounts, investments) and navigated complex paperwork to ensure ownership transitioned smoothly. Here are the financial lessons that you can learn from Shubha's journey.
RBI’s independence from political pressures ensures economic stability during and after polls
There is one thing that sets India apart from the US: the respect the political class in India, cutting across party lines, has for RBI. Unlike in the US, where it's not uncommon for politicians, including Donald Trump, to take potshots at the Fed head, here, one can't recall a single instance when an RBI governor has been insulted. Certainly not publicly.
CDCSO issues distribution guidelines for pharma products in market to curb substandard medicines
The Central Drugs Standard Control Organisation (CDSCO) has released draft guidelines on good distribution practices to prevent the introduction of spurious, adulterated, and sub-standard pharmaceutical products in the market. The guidelines are in line with the WHO Technical Report Series on good storage and distribution practices for such products.
What did Odisha serve Bill Gates that shocked him? This ancient staple is the new health craze
Prime Minister Narendra Modi and Microsoft co-founder Bill Gates discussed the promotion of millet consumption as a key agenda. PM Modi emphasised the need for enhancing vegetarian diets, highlighting the detrimental choices present and urging people to transition to millets.
Ex-CM Panneerselvam also has to challenge four obscure namesakes in LS polls
According to the Election Commission's updated data, Ochappan Panneerselvam, Oyya Thevar Panneerselvam, Ocha Thevar Panneerselvam, Oyyaram Panneerselvam are the four persons who have the same name and initial like the former chief minister, who heads the AIADMK Workers Retrieval Organisation.
It's an O Panneerselvam Vs O Panneerselvam fight for the LS poll in Ramanathapuram
Former CM O Panneerselvam, 74, contests LS polls against a 42-year old from Usilampatti taluk in Madurai. Aligned with BJP, he battles a young namesake, 'Ochappan Panneerselvam'.
Pallavi Shroff not to seek renewal of term as director on Asian Paints board
In a stock exchange disclosure, Asian Paints Saturday said Shroff has informed the board of directors she will not be able to continue for a second term of appointment as an independent director of the company on account of several new projects her firm has undertaken, projects that demand greater professional and time commitments.
Higher empowerment helping women influence major consumption decisions: Report
Women's influence on consumption decisions in India is growing, with notable presence in sectors like IT and consumer staples. The rise in female representation on boards and workforce reflects changing societal norms and increased financial independence.
Cybersecurity, tech skills key in India Inc's checklist for independent directors: Survey
Domain expertise in digital, tech, cybersecurity, and risk is crucial for non-executive independent directors. The India Board Report 2023-24 highlights the importance of corporate reputation, stakeholder trust, and ESG implementation. Gender diversity in boards is increasing, and independent directors play a vital role in corporate governance.
Delhi HC seeks reply from RBI, SEBI on unlawful lending practices carried by Paisalo Digital
The Delhi High Court has sought responses from the RBI and SEBI regarding unethical lending practices by Paisalo Digital. Mukesh Arya's plea alleges violation of RBI's Master Circulars and seeks an independent inquiry and audits. Santanu Agarwal clarifies the company's stance on the matter.
Upholding Corporate Integrity: The evolution of independent directors' accountability
The market’s watchdog in the past has gone blazing guns at independent directors by levying penalties ranging from monetary to debarment in capital markets for failure in exercising due diligence. Some popular names include Jai Mata Glass Limited, Securekloud Technologies Limited, Sanwaria Consumers Limited.
Women's Day: How can women ensure optimum financial health?
Four women across sectors and positions tell us what is the one piece of financial advice for women that they recommend.
How single women can become financially independent
ingle women in India face a myriad of challenges on their path to financial equality. Income disparities persist, with women earning less on average than men due to gender-based pay gaps, necessitating strategic financial planning to maximise income potential. Here are a few financial tips to empower single women in building a prosperous future for themselves and their loved ones.
Canada's extension of ban on foreign real estate buyers labelled political, not practical
Canada's ban on foreigners in the property market won't solve housing shortages. The extension is seen as a political move by Prime Minister Justin Trudeau to address housing affordability concerns before the election. Conservative Party leader Pierre Poilievre blames the government for the crisis.
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