Biz Updates: RBI board reviews economy, Mizoram government increases the prices of petrol and diesel
New Delhi| The National Company Law Tribunal (NCLT) has asked the suspended board of directors of defunct airline Go First to file its reply within three weeks on the liquidation of the debt-ridden company. The Delhi bench of NCLT on Tuesday issued notice to the suspended management of the company and ordered the matter to be listed for hearing in the first week of October. The NCLT order comes on an application filed under Section 33 (1) of the Insolvency and Bankruptcy Code (IBC) on behalf of Go First’s resolution professional. The application sought liquidation of Go First on the grounds of lenders’ failure to find a suitable buyer within the stipulated time frame. During the hearing on the application, Go First’s counsel informed the NCLT that the committee of creditors has taken a majority decision on the liquidation of the company.
The Central Board of the Reserve Bank of India on Wednesday reviewed the challenges related to the global and domestic economic scenario and its outlook. The 610th meeting of the Central Board of Directors of the Reserve Bank of India was held here under the chairmanship of Governor Shaktikanta Das. “The Board also reviewed various operational areas of the Reserve Bank of India, including the functioning of local boards and the activities of select central office departments”, the RBI said.
Mizoram government has increased the prices of petrol and diesel by Rs 4 per litre since 1 September. A minister gave this information on Wednesday. Taxation Minister Dr. Vanlalthalana said that this increase has been made for social infrastructure and road maintenance. “The government has imposed a new duty of Rs 2 per litre on both diesel and petrol for social infrastructure and services, and an additional duty of Rs 2 per litre for road maintenance”, the minister said He added that the new prices had come into effect from 1 September. He added that the new prices had come into effect from 1 September. He said that this decision has been taken for the benefit and welfare of the people.
Union Minister K Rammohan Naidu on Wednesday said the civil aviation and home ministries are working on formulating guidelines for safe operation and maximum utilization of drones. The minister was responding to a question on whether the government was considering any special plan to deal with illegal operation of drones in the context of the recent incident in Manipur. Recently, during the caste violence in Manipur, terrorists had deployed drones to carry out bomb attacks. “Drones also have a security aspect”, Naidu said. “Drones also have a security aspect”, Naidu said. We are trying to prepare some guidelines with the Home Ministry and if necessary, an act will also be made for this He said the guidelines are aimed at ensuring safe operation and maximum use of drones. He said that inter-ministerial consultations are being held in this regard. He said that the government is taking various measures to promote the increasing use of drones in various sectors.
To curb rising onion prices, the central government will start retailing onions at a concessional rate of Rs 35 per kg through mobile vans and NCCF retail shops in Delhi-NCR from Thursday. Food and Consumer Affairs Minister Pralhad Joshi will launch the retail sale of onion from Krishi Bhawan, an official statement said. The sale via mobile van will be made at 38 locations including Krishi Bhawan, NCUI Complex, Rajiv Chowk metro station, Patel Chowk metro station and parts of Noida, the statement said. Market intervention aims to improve local supply and curb rising prices of key kitchen foods. Onion is being sold at a price of more than Rs 60 per kg in the National Capital Region. NCCF said that by directly contacting farmers and providing onions at concessional rates, it is playing an important role in reducing the impact of price fluctuations on consumers.
