The Business Guardian - December 19, 2024

In this issue

December 19, 2024

59% of Indian companies report financial fraud: PwC Survey

A staggering 59 per cent of Indian companies experienced financial or economic fraud in the past 24 months, according to PwC's 'Global Economic Crime Survey 2024 - India Outlook.

1 min

Indian Railways clears air on 'Misleading' free travel reports for Maha Kumbh mela

The Indian Railways has categorically denied all reports claiming that passengers will be allowed to travel for free during the Maha Kumbh Mela, calling all such reports as \"baseless and misleading\".

2 mins

Tourism and hospitality sector set to create 61 lakh jobs by 2036-37: CII EY Report

The country's tourism and hospitality sector is projected to require an additional 61.31 lakh workers to cater to an increasing tourism activities by 2036-37, according to a joint report by the Confederation of Indian Industry (CII) and EY.

1 min

Kejriwal 'Shocked' by PM Modi's defense of Amit Shah

Aam Aadmi Party National Convener Arvind Kejriwal on Wednesday expressed shock over Prime Minister Narendra Modi's statement defending Amit Shah's remark and accusing Congress of treating BR Ambedkar \"badly.\"

2 mins

ED RESTORES RS 22,280 CR FROM ECO-OFFENDERS: SITHARAMAN

Nirmala Sitharaman announced the ED restored 22,280 crore from economic offenders, showcasing India's economic resilience.

2 mins

Kwatra, Campbell to Meet Indian Astronauts at NASA

Indian Ambassador to the United States Vinay Mohan Kwatra and America's Deputy Secretary of State Kurt Campbell were in Houston on Tuesday to meet Indian astronauts undergoing training at NASA's Johnson Space Center.

1 min

IC 814 Hijack: Inspiring matchbox to aim higher

IC 814: The Kandahar Hijack, a drama that unfolded across five airports, five countries, seven days, 188 souls, and a billion Indian hearts, has captured the love of audiences worldwide.

1 min

INDIAN NAVY CHIEF MEETS INDONESIAN ARMED FORCES COMMANDER TO BOOST NAVAL TIES

Admiral Dinesh K Tripathi's visit to Indonesia focused on enhancing naval cooperation and strengthening India-Indonesia defense ties.

3 mins

Laapataa Ladies' Oscars Snub: "disappointed"

Director Kiran Rao's film 'Laapataa Ladies', India's official entry for the Best International Feature Film category at the 97th Academy Awards, is no longer in the Oscars race.

1 min

IDFC FIRST and hurun reveal top 200 selfmade Entrepreneurs of 2024

IDFC FIRST Private Banking and Hurun India launched the second edition of ‘IDFC FIRST Private & Hurun India’s Top 200 Self-made Entrepreneurs of the Millennia 2024’, a list of the 200 most valuable companies in India founded after the year 2000.

1 min

MARUTI SUZUKI PARTNERS WITH BIHAR TO AUTOMATE DRIVING TEST TRACKS

Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Agreement (MoA) with the Transport Department, Government of Bihar, to automate five driving license test tracks in the State.

2 mins

Jio Presents Hamleys wonderland' returns to Mumbai from Dec 19-30

Jio presents Hamleys Wonderland in association with Ajmera Realty, India's largest family festival, will be held at Jio World Garden in Mumbai's Bandra Kurla Complex from 19th to 30th December 2024.

1 min

IBC data key for handling complex cases: RBI Dy Governor

M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), highlighted the importance of institutionalising data under the Insolvency and Bankruptcy Code (IBC) to provide valuable insights and precedents for handling complex cases.

1 min

Darel struggles with poor infrastructure and facilities

The last village of Darel district in Pakistan-occupied Gilgit-Baltistan remains deprived of basic amenities, leaving its residents grappling with numerous challenges.

1 min

17.8 Lakh New Enrollments in ESI Scheme for October

In October 2024, 17.80 lakh new employees were enrolled under the ESI Scheme, highlighting growth and inclusivity in social security coverage.

1 min

Direct tax collections rise 20.3% by far in 2024-25

The gross direct tax collections by the government so far in 2024-15 were 20.32 per cent higher on a yearly basis at Rs 19.21 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed on Wednesday.

1 min

Maha govt waives off Rs 27,000 crore in interest

The Maharashtra government has started an amnesty scheme for interest and penalty waivers for the pending liabilities under GST between 2017 and 2020, the three financial years.

1 min

GST COUNCIL TO DISCUSS INSURANCE RATE RATIONALIZATION.

Group of Ministers on insurance, chaired by Bihar Minister Samrat Chaudhary, has submitted the report to the GST Council.

2 mins

EPFO extends pension application deadline to January 31, 2025

According to the Ministry of Labour & Employment, this extension follows multiple requests from employers and their associations for more time to complete the required submissions.

1 min

Indian stocks decline third straight day; US Fed policy in focus

Stock indices in India slumped for the third consecutive session on Wednesday, as investors awaited the Federal Reserve's monetary policy decision, which is set to be announced later today.

1 min

'India set for 12-fold increase in energy storage capacity by FY32'

India is poised for a major boost in energy storage capacity, with projections indicating a 12-fold increase to around 60 GW by FY32, according to an SBI report.

1 min

17.8 lakh new workers enrolled under ESI Scheme in October

As many as 17.80 lakh new employees have been added under the ESI Scheme in October, the provisional payroll data made available by the labour and employment minister showed Wednesday.

1 min

'59% of Indian companies report financial fraud'

A staggering 59 per cent of Indian companies experienced financial or economic fraud in the past 24 months, according to PwC's 'Global Economic Crime Survey 2024 - India Outlook.

2 mins

POLITICAL CONSENSUS NEEDED FOR IMPLEMENTING ONOE

The Opposition claims that this will require the dissolution of as many as 17 Assemblies, which is a huge number and will result in the wastage of resources spent to bring those governments in power. However, this one-time disruption may be needed to streamline the electoral process under ONOE.

3 mins

IMPOSING TAXES ON INNOVATION RISKS GOLDEN GOOSE AND THE GIG

The swift expansion of India's gig economy represents a double-edged sword for millions of workers thronging a vulnerable yet opportunity-opening space.

4 mins

Raj Sahab continues to rule our hearts!

He asked: Have you ever seen pictures speak?... and my answer was: Why would we keep them if they didn't?

4 mins

IMMIGRANTS IN INDIA

Anatomically modern humans settled in India in multiple waves of early migrations, over tens of millennia. The first migrants came with the Coastal Migration/Southern Dispersal 65,000 years ago.

3 mins

SC To Consider: Can Graduates Of 3-Year LLB Correspondence Course Enrol As Advocates?

The Supreme Court in the case observed and is scheduled to consider whether a law graduate of a 3-year LLB Course be allowed to enrol with the State Bar Council if he or she obtained an undergraduate degree through correspondence.

1 min

Delhi High Court Quashed ED's Denial Of NOC To Times Internet To Invest In Foreign Subsidiaries

The Delhi High Court in the case Times Internet Limited Versus Enforcement Directorate observed and has set aside the decision of Enforcement of Directorate, ED denying no objection certificate, NOC to Times Internet Limited, TIL under the Foreign Exchange Management Act, FEMA rules to invest in its foreign subsidiary.

1 min

SUPREME COURT GRANTS BAIL TO RAJASTHAN JAL JEEVAN MISSION SCAM ACCUSED SANJAY BADAYA IN MONEY LAUNDERING CASE

The Supreme Court in the case Sanjay Badaya Versus Directorate Of Enforcement observed and has granted bail to Sanjay Badaya in a money laundering case which arose out of Rajasthan's Jal Jeevan Mission scam, wherein he alleged to have acted as a middleman for a Minister.

2 mins

Supreme Court To Settle Conflicting High Court Views: Is Bribe-Giver Liable For Abetment Under Section 12 Prevention Of Corruption Act Before 2018 Amendment?

The Supreme Court in the case K. Rabindra Kumar Patra Versus The State Of Odisha observed and is set to consider whether a person who, despite the public servant's refusal, voluntarily offers a bribe to a public servant, should be held liable for abetment for an offence under the Prevention of Corruption Act, 1988, when the bribe amount is recovered from the officer's desk.

2 mins

SUPREME COURT: HIGH COURT SEEK EXPLANATION FROM JUDICIAL OFFICER FOR JUDICIAL ACTION

The Supreme Court in the case Ayub Khan v. The State of Rajasthan stated that the higher court cannot seek an explanation from a judicial officer for a decision made in a case, while expunging the adverse remarks made by the Rajasthan High Court against a District And Sessions Judge.

2 mins

Umar Khalid Gets 7 Days Interim Bail In Delhi Riots Larger Conspiracy Case

The Delhi High Court in the case observed and has granted bail to former JNU scholar Umar Khalid in the UAPA case on December 18, 2024, wherein alleging a larger conspiracy which relates to the 2020 North-East Delhi riots.

1 min

Supreme Court Asks Registry To Ensure Synopsis Is Trimmed Down: 'A Synopsis Cannot Run Into 128 Pages!'

The Supreme Court in the case Deepti Sharma v. State of Uttar Pradesh observed and has expressed surprise at a synopsis of a petition running into 128 pages.

1 min

Casino Dir Told To Join Probe: Confinement Of ED Officers

Goa police issued notice to casino owner who locked up and confined ED officers during raid.

1 min

Mamata Govt begins disbursing housing funds after Central rebuff

Even as the Trinamool Congress MPs clashed with Union Finance Minister Nirmala Sitharaman in Parliament over the Centre's refusal to release funds under the PM Awas Yojana and MGNREGA, the Mamata Banerjee Government has quietly started disbursing housing funds to voters in Bengal.

1 min

'Not acceptable to us' Uddhav slams Shah's remark on Ambedkar

Shiv Sena (UBT) chief Uddhav Thackeray on Wednesday slammed Union Home Minister Amit Shah over his remark on BR Ambedkar, saying that the way BJP is \"insulting\" someone who gave the Constitution is not acceptable.

1 min

Mamata slams Amit Shah over Ambedkar remarks

West Bengal Chief Minister Mamata Banerjee today slammed the Union Home Minister Amit Shah over his remarks on B.R. Ambedkar

1 min

Farmers disrupt Punjab's rails, announce Dec 30 Bandh

However, the train passengers had to face difficulties to reach their destinations in lack of passenger trains as thousands of passengers remained stranded at the railway stations for several hours.

2 mins

Maha Kumbh 2025: UP Police to ensure crowd control with Foreign, Indian breed horses

The Uttar Pradesh government is making special arrangements for the security of the devotees, ahead of the Maha Kumbh scheduled to be held in 2025.

1 min

SC INTERVENES IN DALLEWAL'S HEALTH CRISIS, DIRECTS PUNJAB AMID STALLED TALKS

SC orders immediate medical aid for Dallewal, cites health concerns

1 min

NCP-SCP chief Sharad Pawar meets PM Modi

Rajya Sabha MP and former Union Minister Sharad Pawar, along with a group of farmers, met Prime Minister Narendra Modi in the national capital on Wednesday.

1 min

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The Business Guardian Newspaper Description:

The Business Guardian is a monthly business magazine published in India. It was launched in 2005 and is one of the most popular business magazines in the country. The magazine is known for its in-depth coverage of the Indian economy, as well as its insights from leading experts in the field. It covers a wide range of topics related to business, including:

* Economic news and analysis: The Business Guardian covers the latest economic news and trends from India and around the world. The magazine also provides in-depth analysis of the Indian economy, as well as its impact on businesses and individuals.
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The Business Guardian is a valuable resource for anyone who is interested in business in India. It is a must-read for anyone who is looking to stay informed about the latest economic and business trends in the country, or who is looking for insights from leading experts in the field.