-The Hindu Business Line After Allahabad HC rebuff, power firms look for govt lifeline Mumbai: About 70 companies with a combined debt of approximately ?3.6-lakh crore face insolvency proceedings, with the deadline imposed by the Reserve Bank of India ending on Monday. These companies did not get any legal relief as the Allahabad High Court declined to stay the RBI’s February circular instructing banks to take all large accounts above ?2,000 crore...

-Scroll.in Dealers claimed that government-run oil firms are threatening to block supplies if the information is not provided. The Ministry of Petroleum and Natural Gas has asked 10 lakh employees at petrol pumps across the country for personal details like their caste, religion and which constituency they are from, NDTV reported on Tuesday. The information is ostensibly meant for a skill development programme, but dealers have threatened legal action, claiming that...

-Livemint.com India’s richest districts are situated along the western coastline while the poorest are clustered in the easternmost parts of the country, shows analysis Mumbai: Where do the affluent in India live? That’s the million dollar question consumer goods firms, marketers, and analysts often struggle to answer because of patchy and unreliable data. For the first time in India, an official data source provides detailed data on household assets and consumer durables that...

-The Telegraph New Delhi: The Supreme Court on Friday censured search engines and social networking sites as "irresponsible" for allowing content that provoked lynchings, threatening a Rs 5 lakh-a-day fine till they developed a fool-proof mechanism to weed out such material. Eventually, the bench of Justices Madan B. Lokur and U.U. Lalit granted 30 days to Yahoo, Facebook Ireland, Facebook India, Google India, Google Inc, Microsoft and WhatsApp to install such a...

-Hindustan Times Election Commission of India (ECI) is outgunned when it comes to confronting those who circumvent existing campaign finance rules and lacks power to sanction candidates. It is a truism to note that political finance sits at the heart of corruption in modern India. While politicians publicly lament the status quo, they privately profit from the current system. Therefore, the fact that the Narendra Modi government has made reforming political finance...