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Industry


FIXING INFRASTRUCTURE AND CAPITAL PROJECTS CHALLENGES TO ACHIEVE USD 5 TRILLION
ECONOMY

India is on the path of quickly building massive infrastructures and industries
to become a USD 5 trillion economyover the next five years. Effective management
of capital projects and quick resolution of core issues such as projectdelays,
cost escalations and long-haul disputes will be critical. This article reflects
upon the extent of thesechallenges, analyses their root causes, and suggests
potential solutions to eradicate core obstacles.


LATEST NEWS

 * 33m mins ago Sirsa double murder case accused gets bail
 * 28m mins ago Yes Bank scam: HC directs ED to approach co-ordinate bench in
   its plea challenging bail granted to accused
 * 27m mins ago Tamil Nadu Golf Federation can build club house at Guindy golf
   course: Madras HC
 * 23m mins ago K'taka HC refuses to quash case against teacher for shaming
   5-yr-old in class
 * 18m mins ago CCPA challenges Delhi HC's stay on service charge norms for
   hotels
 * 12m mins ago HC directs Arappor Iyakkam to file reply on Palaniswami's suit
 * 11m mins ago KMF employee is 'public servant', can be tried under Prevention
   of Corruption Act: HC
 * 9m mins ago Dabur India chairman Amit Burman resigns
 * 9m mins ago HC grants bail to former VP of Gitanjali Group in PNB scam case

View More
Industry

NEED TO BALANCE WELFARE MEASURES & ECONOMY’S HEALTH: SUPREME COURT ON FREEBIES

The CJI said, “The economy losing money or getting ruined is one issue and, at
the same time, welfare measures for the poor... both have to be considered. Both
have to be balanced. That is the reason why we initiated the debate. We want an
expert panel to put its collective thinking and wisdom into the issue and give a
report which can be the basis for the court to take some measures.”

Industry

SC SAYS IT WANTS FIFA UNDER-17 WOMEN'S WORLD CUP TO BE HELD

The Supreme Court on Thursday said that it wants the FIFA under-17 Women's World
Cup to be held and the matter must be sorted out between the concerned
authorities amicably.

Industry

CONTROL OF PEERLESS GROUP: NCLAT STAYS NCLT ORDER

Fox Mandal & Associates (FMA) acted for the Peerless General Finance and
Investment Company Limited and its Promoters, the Roy family, in relation to the
appeals filed in the National Company Law Appellate Tribunal (NCLAT), New Delhi
against the order of the National Company Law Tribunal (NCLT), Kolkata bench
dated 18th July 2022.

Industry

RAJIV GANDHI ASSASSINATION CONVICT NALINI MOVES SC SEEKING PREMATURE RELEASE

A convict in the Rajiv Gandhi assassination case has moved the Supreme Court
seeking premature release.

Industry

PIRAMAL FIN, RELIANCE POWER TOLD BY NATIONAL COMPANY LAW TRIBUNAL TO SETTLE CASE
BY SEPTEMBER 5

The Piramals have put the sale of a prime Pali Hill property on hold. When
contacted, a Piramal Capital spokesperson said the company did not wish to
comment on the matter.

Industry

PUNJAB CABINET APPROVES FUND TO CREATE HEALTH, EDUCATION INFRASTRUCTURE

The Punjab Cabinet on Thursday gave its nod for setting up a fund for the
creation and revival of health and education infrastructure in the state. The
decision in this regard was taken in a meeting of the Council of Ministers
chaired by Chief Minister Bhagwant Mann here, said an official statement here.

View More


CORPORATE AND BUSINESS

Industry / 5 hrs ago


DABUR INDIA CHAIRMAN AMIT BURMAN RESIGNS

FMCG major Dabur on Friday announced that the board has accepted the resignation
of Amit Burman as the Chairman with effect from August 10, 2022. Burman will
continue to serve as the non-executive director of the company.

 * Industry / 5 hrs ago
   
   ASHISH SAPRA TO SUCCEED G VENKATRAMAN AS CEO OF TVS CREDIT SERVICES FROM SEPT

 * Industry / 5 hrs ago
   
   ADANI WILL INVEST 57,575CR IN TWO PROJECTS IN ODISHA

 * Industry / 5 hrs ago
   
   ZOMATO HYPERPURE ACQUIRES BLINKIT’S WAREHOUSING, ANCILLARY SERVICES BUSINESS

 * Industry / 5 hrs ago
   
   TCS WINS DIGITAL TRANSFORMATION DEAL FROM FIVE STAR BANK

View More


LAW AND POLICY

Industry / 5 hrs ago


TAXPAYERS WON'T BE ELIGIBLE FOR ATAL PENSION SCHEME

"From October 1, any citizen who is or has been an income-tax payer, shall not
be eligible to join APY," the finance ministry said in the notification issued
on Wednesday.

 * Industry / 5 hrs ago
   
   PUNJAB AMENDS POLICY TO MAKE CONSTRUCTION MATERIAL CHEAPER

 * Industry / 6 hrs ago
   
   PUNJAB CABINET APPROVES FUND TO CREATE HEALTH, EDUCATION INFRASTRUCTURE

 * Industry / 1 day ago
   
   MADHYA PRADESH CABINET APPROVES SCHEME FOR FINANCIAL AID TO ORPHANS

 * Industry / 1 day ago
   
   GUJARAT GOVT ANNOUNCES DRONE PROMOTION AND USAGE POLICY

View More


SUPREME COURT

Industry / 5 hrs ago


YES BANK SCAM: HC DIRECTS ED TO APPROACH CO-ORDINATE BENCH IN ITS PLEA
CHALLENGING BAIL GRANTED TO ACCUSED

ED had challenged the order passed by Special Court whereby it had released
accused, Babulal Varma and Kamalkishor Gupta in light of recent Supreme Court
which held that the offence under PMLA, 2002 is not a stand-alone offence and
does not stand when the Scheduled offence upon which it is based is not in
existence anymore.

 * Industry / 5 hrs ago
   
   KMF EMPLOYEE IS 'PUBLIC SERVANT', CAN BE TRIED UNDER PREVENTION OF CORRUPTION
   ACT: HC

 * Industry / 5 hrs ago
   
   HC ORDERS ODISHA TO PAY RS 10-LAKH COMPENSATION FOR SCHOOLGIRL'S DEATH

 * Industry / 5 hrs ago
   
   ‘ED MUST GO TO HC BENCH THAT HEARS BAIL PLEAS IN BLDRS’ CASE’

 * Industry / 1 sec ago
   
   MARRIED DAUGHTERS ALSO ENTITLED FOR COMPENSATION: HC

View More


NCLT



 * CONTROL OF PEERLESS GROUP: NCLAT STAYS NCLT ORDER

 * PIRAMAL FIN, RELIANCE POWER TOLD BY NATIONAL COMPANY LAW TRIBUNAL TO SETTLE
   CASE BY SEPTEMBER 5

 * NCLT SAYS IT DID NOT ISSUE NOTIFICATION ON HEARING URGENT MATTERS

 * NCLT SETS ASIDE FRESH DEMAND RAISED AGAINST KSS PETRON OVER DUES

 * ‘FAKE’ ORDER BRINGS CRISIS OF NCLT VACANCIES UNDER LENS

 * SANSKAR PROJECTS AND HOUSING DRAGGED TO NCLT OVER DEFAULT

 * HDFC FILES APPLICATION WITH NCLT FOR MERGER OF HDFC INVESTMENTS, HDFC
   HOLDINGS WITH HDFC BANK

 * SHRIRAM GROUP GETS CCI NOD FOR FINANCIAL SERVICES BUSINESS MERGER

 * UNION BANK EXPECTS TO RECOVER RS 15,000 CRORE FROM BAD LOANS THIS FISCAL

 * ZEE-SONY MERGER RECEIVES APPROVAL FROM STOCK EXCHANGES

 * NCLT ALLOWS PLEA TO HALT INSOLVENCY PROCEEDINGS AGAINST SAHARA HOSPITALITY

 * ASHISHKUMAR CHAUHAN QUITS AS CEO OF BSE

 * THREE FUTURE GROUP FIRMS TO FILE CLAIMS BEFORE FRL'S INTERIM RESOLUTION
   PROFESSIONAL

 * JET LENDERS THREATEN INSOLVENCY OVER AIRCRAFT RENTAL PROCEEDS

 * DHL FILES LAWSUIT AT NCLT AGAINST EICHER MOTORS

 * FINED, RESOLUTION PROFESSIONAL MOVES GUJARAT HIGH COURT

 * BANKRUPTCY COURT ADMITS BANK OF INDIA’S INSOLVENCY PLEA AGAINST FUTURE RETAIL

 * THE ROYS MAY LOSE MANAGEMENT CONTROL AT PEERLESS

 * NCLT ALLOWS INSOLVENCY PROCESS AGAINST FUTURE

 * FINED, RESOLUTION PROFESSIONAL MOVES HC

View More


MORE FROM ETLEGALWORLD

 * Industry / 33m mins ago
   
   
   SIRSA DOUBLE MURDER CASE ACCUSED GETS BAIL
   
   The Punjab and Haryana high court has granted regular bail to Chotu Ram alias
   Chotu Bhat, one of the main accused in a 2017 double murder case in which two
   persons, Satbir Punia and Amit Saharan, were gunned down in a Kinnow waxing
   plant in Sirsa district.

 * Industry / 28m mins ago
   
   
   YES BANK SCAM: HC DIRECTS ED TO APPROACH CO-ORDINATE BENCH IN ITS PLEA
   CHALLENGING BAIL GRANTED TO ACCUSED
   
   ED had challenged the order passed by Special Court whereby it had released
   accused, Babulal Varma and Kamalkishor Gupta in light of recent Supreme Court
   which held that the offence under PMLA, 2002 is not a stand-alone offence and
   does not stand when the Scheduled offence upon which it is based is not in
   existence anymore.

 * Industry / 27m mins ago
   
   
   TAMIL NADU GOLF FEDERATION CAN BUILD CLUB HOUSE AT GUINDY GOLF COURSE: MADRAS
   HC
   
   he city-based Cosmopolitan Club's bid to stop the Tamil Nadu Golf Federation
   (TNGF) from constructing a club house in the Guindy golf course failed, with
   the Madras high court rejecting the plea again.

 * Industry / 23m mins ago
   
   
   K'TAKA HC REFUSES TO QUASH CASE AGAINST TEACHER FOR SHAMING 5-YR-OLD IN CLASS
   
   The Karnataka High Court has refused to quash a case under Protection of
   Children from Sexual Offences Act (POCSO) against a female teacher who pulled
   down the pants of a 5-year-old girl student in the class.

 * Industry / 18m mins ago
   
   
   CCPA CHALLENGES DELHI HC'S STAY ON SERVICE CHARGE NORMS FOR HOTELS
   
   The Central Consumer Protection Authority (CCPA) has moved an appeal in the
   Division Bench of Delhi High Court challenging the court's decision to stay
   the recent guidelines issued by the government, restraining the levy of
   service charge on food bills by restaurants and hotels.

 * Industry / 12m mins ago
   
   
   HC DIRECTS ARAPPOR IYAKKAM TO FILE REPLY ON PALANISWAMI'S SUIT
   
   The Madras High Court on Thursday directed Arappor Iyakkam, a
   non-governmental organisation, to file its reply to the civil suit filed by
   AIADMK interim general secretary and former Chief Minister K Palaniswami
   seeking to restrain it from carrying on any defamatory statement against him
   and to direct it to pay Rs 1.10 crore towards damages. Justice Krishnan
   Ramaswamy issued the direction when the suit came up for further hearing,
   today.

 * Industry / 11m mins ago
   
   
   KMF EMPLOYEE IS 'PUBLIC SERVANT', CAN BE TRIED UNDER PREVENTION OF CORRUPTION
   ACT: HC
   
   The Karnataka High Court has ruled that those under the employment of
   Karnataka Milk Federation (KMF) are 'public servants' and therefore can be
   tried under the Prevention of Corruption Act. Justice M Nagaprasanna passed
   the judgement in a case where a former general manager of Nandini Milk
   Products (a unit of KMF) had challenged the Anti-Corruption Bureau (ACB)
   action against him for amassing disproportionate assets.

 * Industry / 9m mins ago
   
   
   DABUR INDIA CHAIRMAN AMIT BURMAN RESIGNS
   
   FMCG major Dabur on Friday announced that the board has accepted the
   resignation of Amit Burman as the Chairman with effect from August 10, 2022.
   Burman will continue to serve as the non-executive director of the company.

View More


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HIGH COURT

 * K'TAKA HC REFUSES TO QUASH CASE AGAINST TEACHER FOR SHAMING 5-YR-OLD IN CLASS

 * CCPA CHALLENGES DELHI HC'S STAY ON SERVICE CHARGE NORMS FOR HOTELS

 * HC DIRECTS UIDAI TO PROVIDE NIA WITH DOCUMENTS OF 12 ALLEGED BANGLA NATIONALS

 * MADRAS HC DIRECTS CHENNAI POLICE TO BOOK 'ADVOCATE' WITH FAKE DEGREE

 * TOP COURT SHOULD NOT ALWAYS INTERFERE WITH HC'S DECISIONS IMPOSING COSTS ON
   LAWYERS: SC

 * TOP COURT SHOULD NOT ALWAYS INTERFERE WITH HC'S DECISIONS IMPOSING COSTS ON
   LAWYERS: SC

 * INCOME TAX ACT VESTS CIVIL COURT'S POWER IN IT ASSESSING OFFICER: KARNATAKA
   HIGH COURT

 * SHIFT LEPER COLONIES LOCATED WITHIN 200 MTR OF GANGA: UTTARAKHAND HIGH COURT

 * QUARRIES: MADRAS HC ORDERS PETITIONER TO PAY RS 50,000 OVER PAST RECORD

View More


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