Centre Financial News

Nationalist Congress Party president Sharad Pawar on Saturday thanked and praised industrialist Gautam Adani for giving financial help for the construction of a new technology centre in Baramati, of Pune district. Sharad Pawar was addressing the gathering during the inauguration of the Robotic lab in the engineering department of Vidya Pratishthan in Baramati. The Chairman of Finolex J Power Systems Limited Deepak Chabaria was also present at the event. While addressing the gathering during the event, Sharad Pawar said that Vidya Pratishthan Institute has taken up a new project, due to technology the engineering sector is changing rapidly. It is very necessary to create a group (section) that is ready to accept these changes to move ahead. «We are building the first centre for artificial intelligence in India and the construction is underway.

2011 order of the CIC that directed the disclosure of the opinion given to the Centre by the then Solicitor General of India in 2007 in various cases filed by the Cellular Operators Association of India on the allotment of 2G Spectrums. The court held that such information was exempted under the provisions of the Right to Information (RTI) Act except when there are «weighty reasons» to support that its disclosure is in public interest.

₹72,961.21 crore to states as tax devolution for funding various social welfare measures and infrastructure development schemes, the finance ministry said in a statement on Friday. This amount is in addition to the tax devolution proceeds due to states on 10 January 2024 and another ₹72,961.21 crore disbursed to states on 11 December 2023, as per the statement.

additional installment of tax Devolution to States on Friday up and above the regular 14 installments released to the states on the basis of recommendation by the Finance Commission.. This is in addition to tax devolution due to States on 10 January 2024 and the installment of Rs 72,961.21 crore already released on 11 December 2023, the finance ministry specified in a statement released Friday. It added that the additional fund is released to the states in view of the forthcoming festivities and the New Year. «In view of the forthcoming festivities and the New Year, the Union Government has authorised the release of an additional installment of tax devolution amounting to ₹72,961.21 crore to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes,» Finance Ministry said. Generally the centre releases funds under tax devolution to states on 10th of each month.

the Prime Minister, the Leader of Opposition in the Lok Sabha or leader of the largest Opposition party in the House, and the Chief Justice of India (CJI). Dropping the CJI from the selection committee, the new Bill proposes that the "Chief Election Commissioner and other Election Commissioners shall be appointed by the President on the recommendation of a Selection Committee consisting of—(a) the Prime Minister—Chairperson; (b) the Leader of Opposition in the House of the People—Member; (c) a Union Cabinet Minister to be nominated by the Prime Minister—Member." The Bill, however, wasn't passed without a little resistance.

₹100,000 per megawatt (MW) for wind energy projects and ₹50,000 per MW for wind transmission projects. This deposit will be returned upon successful project operation and decommissioning.

health ministry on Monday issued an advisory to states in view of a recent upsurge in Covid-19 cases and detection of the first case of the JN.1 subvariant in the country. States have been asked to maintain constant vigil over the situation and report and monitor district-wise cases of severe acute respiratory infections and influenza-like illnesses. «No new variant of the virus had been picked up, there are a number of actions that need state government's focus,» health secretary Sudhansh Pant said on Monday.

NEW DELHI : The Union government has advised all states to implement tighter public health measures to minimise transmission of the Covid-19 virus, following a rise in infections in some states, particularly Kerala. The first case of a new sub-variant of Covid-19, JN.1, was detected on 8 December in the southern state, raising concerns about a resurgent health risk more than two years after India’s last pandemic-related lockdown.

However, with the COVID-19 virus still circulating and its behavior adapting to the Indian weather conditions and the presence of other common pathogens, it is crucial to continue our efforts to effectively tackle the public health challenges, the Health Ministry said in a statement. India recorded 260 new coronavirus infections on Monday, with active cases increasing to 1,828, according to the latest data from Union Health Ministry.

Spanish workers at a logistics centre of giant online retailer Amazon in northern Spain are planning a three-day strike ahead of the Epiphany feast day on Jan. 6, when Spanish children receive holiday gifts, according to labour union LAB. Around 160 workers at the Trapagaran centre in the Basque country, on the border between France and Spain, plan to strike on Jan. 3, 4 and 5 to demand higher wages, said LAB union leader Gotzon Mardarats, who represents most of the workers.

Kerala Chief Minister Pinarayi Vijayan on Monday said his government may consider approaching the Union Government seeking the recall of Governor Arif Mohammed Khan, who has been at loggerheads with the Left party over various issues. Vijayan, addressing the media as part of the ongoing Nava Kerala Sadas, said Khan was trying to disrupt the peaceful atmosphere in the state by creating deliberate provocation. «In order to maintain a cordial Centre-state relationship, the actions of the Governor should be rectified.

Narendra Modiwas seen inaugurating the newly built Swarved Mahamandir in Umaraha, Varanasi, today, adding a magnificent spiritual landmark to the holy city, in a video shared by ANI. Standing tall at seven floors and boasting a capacity of 20,000 devotees, the Swarved Mahamandir is a breathtaking architectural marvel. Its intricate marble carvings and towering lotus-shaped domes reflect the city's rich cultural heritage and blend seamlessly with modern design elements.

kea.kar.nic.in from 11.00 am to 4 pm on December 18 to 4.00 pm (during post office working hours). Karnataka Examinations Authority said that further chance will not be given to register for KSET-2023, adding that candidate applying through this special window will be allocated to only Bangalore examination centre. «Many of the candidates are requesting to extend the registration date for Karnataka state eligibility test (KSET)-2023. Detailed notification with regard to submission of online application, syllabus, application submission link and such other information may be obtained from the KEA website,» Karnataka Examinations Authority said in the notification. To access the Karnataka Examinations Authority notification click here

LTIMindtree has opened a new delivery centre in Mexico City to expand its presence in Latin America, the company said on Friday. The centre will enable workforce transformation and localisation for LTIMindtree in the Americas and was inaugurated on Thursday. It will support the company’s capabilities in the region, bringing LTIMindtree’s services closer to its customers in the SAP and digital engineering service lines. As the LATAM delivery & operations head, Anurag Tripathi, associate vice president of LTIMindtree will lead the Mexico City delivery centre with a focus on future growth and delivering high-quality results for customers.

farmers' troubles and Manipur violence, NDTV quoted sources as saying. As more information and developments in the case come to light, media reports suggested that at least four of the six accused were unemployed at the time of the incident. The mother of one of the accused, Neelam, said her daughter was upset over not getting a job.

Amid plans by CBC to cut 10 per cent of its workforce, the House of Commons heritage committee on Tuesday said it would be “inappropriate for the CBC to grant bonuses to executive members.”

Reliance Industries, infrastructure firm Brookfield Infrastructure and Digital Realty have concluded a transaction to set up a three-way joint venture for data centre services, an official statement said on Tuesday. The three companies entered into an agreement in July 2023 to invest in their existing special purpose vehicle Digital Connexion for developing data centres in India.

Supreme Court on Monday upheld the Centre's decision to abrogate Article 370 of the Constitution, which conferred special status on the erstwhile state of Jammu and Kashmir, ruling that it was a temporary provision and that the President had the power to revoke it. A five-judge Constitution bench also unanimously upheld the Centre's decision, of August 5, 2019, to divide the former state into two Union Territories of J&K and Ladakh, while directing that statehood be restored to J&K «at the earliest» and that elections be held to its legislative assembly by September next year. The bench, headed by Chief Justice of India (CJI) DY Chandrachud, held that «Article 370 was a feature of asymmetric federalism and not sovereignty». It delivered three judgments, one authored by the CJI, with inputs from justices BR Gavai and Surya Kant, and two separate yet concurring judgments by justices Sanjay Kishan Kaul and Sanjiv Khanna. 'No Internal Sovereignty for J&K' The bench ruled that the former state did not «retain any element of sovereignty after the execution of instrument of accession and issuance of the Proclamation (November 25, 1949) by which the Constitution of India was adopted» and that J&K does not have «internal sovereignty which is distinguishable from the powers and privileges enjoyed by other states in the country». It ruled that «the President in exercise of power under Article 370(3) can unilaterally issue a notification that Article 370 ceases to exist».

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IPS officer Jitendra Singh Meena has been appointed as the Deputy Inspector General in the Central Bureau of Investigation, according to an official order. Meena, a 2007-batch Indian Police Service (IPS) officer of Chhattisgarh cadre, has been appointed in the Central Bureau of Investigation (CBI) for a period of five years, it said. Besides him, four SPs have been appointed in the federal probe agency. IPS officers Vinayak Varma (Madhya Pradesh cadre), Achal Tyagi (Gujarat cadre) and Praveen Kumar (Gujarat cadre) have been appointed as the SPs for five years, the order issued by the personnel ministry said. Gaurav Mittal, an Indian Revenue Service officer, has been appointed as the SP for a period of four years, the order said.

banned onion exports to augment domestic supply and keep prices in check. Though the price of onion has eased in recent days, the government is on watch to not let it increase due to the tightness in supply, one of the officials said. Both the officials declined to be identified.