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OECD says India needs to step up reform efforts to increase quality jobs, incomes

Thursday, December 5, 2019, 8:51 PM

India is set for a modest recovery after a loss of momentum as reforms to simplify taxation lighten business regulations and upgrade infrastructure start to bear fruit, according to a new OECD report. "Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as measures to improve public services and welfare," it said.
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'Contempt threat' to lawyer: Justice Arun Mishra apologises

Thursday, December 5, 2019, 8:51 PM

SC-lawyers requested Justice Arun Mishra to be patient in dealing with them after the judge warned a lawyer of contempt while hearing a land acquisition matter two-days-ago. A battery of senior-advocates, led by Kapil Sibal, Mukul Rohatgi, Abhishek Singhvi and SCBA-president Rakesh Khanna, mentioned the issue as-soon-as the bench of justices Mishra and M R Shah assembled in court-number three for the day's proceedings.
 
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Maharashtra government cancels loan guarantee of 7 sugar mills of BJP leaders

Thursday, December 5, 2019, 8:49 PM

The Maharashtra government has cancelled the guarantee on loans of over Rs.300-crore taken by seven sugar mills owned by BJP-leaders, including Pankaja Munde, an official said. The decision was taken at a meeting of the Uddhav Thackeray-led state Cabinet on Wednesday, he said. The NCDC provides loans to cooperatives and the state government gives a guarantee on it based on some terms and conditions.

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