Delhi services Bill listed for introduction in Lok Sabha for Tuesday

The Delhi services bill which seeks to replace an ordinance that mandated the creation of an authority for transfers and postings of senior officers in the Delhi government is listed for introduction in the Lok Sabha on Tuesday. According to the revised list of business for Tuesday, Home Minister Amit Shah will introduce… Continue reading Delhi services Bill listed for introduction in Lok Sabha for Tuesday

Services, retail demand keeps credit offtake robust in June: RBI data

The pace of credit offtake continued to be robust in June 2023, with sectors clocking year-on year (YoY) growth of between 8.1 per cent and 26.7 per cent. Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year… Continue reading Services, retail demand keeps credit offtake robust in June: RBI data

Go first looking to raise more funds, resume services with fewer aircraft

Go Airlines India Ltd, the entity that operates Go First Airlines is looking to collect around Rs 600-700 crore and begin its services with fewer flights than originally planned, Mint reported. “We have revised our original plan. We may resume flight operations with 10-15 aircraft but go for higher interim financing from the… Continue reading Go first looking to raise more funds, resume services with fewer aircraft

Fedbank Financial Services to raise up to Rs 1,400 cr from IPO this year

Fedbank Financial Services is aiming to raise up to Rs 1,400 crore through an Initial Public Offering (IPO) by the end of 2023, a top official at its promoter entity Federal Bank has said.  The Non-Banking Finance Company (NBFC) arm of the South-based bank re-filed its Draft Red Herring Prospectus for an IPO… Continue reading Fedbank Financial Services to raise up to Rs 1,400 cr from IPO this year

Stage set for stormy week as parliament set to take up Delhi services bill

The Monsoon session of Parliament which saw many disruptions since it began on July 20 over the Manipur violence issue, is set to become more turbulent with the government likely to introduce a bill in the Lok Sabha to replace the Delhi services ordinance. The Government of National Capital Territory of Delhi (Amendment)… Continue reading Stage set for stormy week as parliament set to take up Delhi services bill

Delhi services bill circulated among MPs before introduction in Parliament

The draft bill to replace the ordinance which mandated the creation of an authority for transfers and postings of senior officers in the Delhi government is ready and has been circulated among the MPs before its introduction in Parliament next week. The Government of National Capital Territory of Delhi (Amendment) Act, 2023 will… Continue reading Delhi services bill circulated among MPs before introduction in Parliament