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Govt seeks Parliament nod for additional Rs 36,953 cr spending

Last Updated: Monday, March 9, 2015, 15:11

The government today sought an approval from Parliament for an additional Rs 36,952.86 crore as the final batch of supplementary demands as part of grants for 2014-15 to meet the expenditure, mainly towards CST compensation to states and higher outgo for food subsidy.

Headline GM expects better 2015, after costly recalls

Last Updated: Wednesday, January 14, 2015, 20:36

General Motors said Wednesday that it expects improved earnings and margins in 2015 after paying out nearly $2 billion for recalls and victims compensation last year.

Shell compensates Nigerians over 'devastating' oil spills

Last Updated: Wednesday, January 7, 2015, 20:07

Royal Dutch Shell is to pay more than $80 million to a Nigerian fishing community "devastated" by two serious oil spills in 2008, it was announced Wednesday, while the clean-up could take years.

States to get 1-year grace period for implementing GST

Last Updated: Tuesday, December 30, 2014, 18:03

States will get one-year time to implement the provisions of Goods and Services Tax (GST) after introduction of the new indirect tax regime from April 2016.

Kerala govt hopeful of getting Centre`s approval for Bill

Last Updated: Tuesday, January 28, 2014, 14:30

Kerala government today expressed hope that it would be able to get Presidential assent to the `Plachimada Coca-Cola Victims Relief and Compensation Claims Special Tribunal Bill-2011, passed by the state Assembly.

RBS sets aside £3.0 bn for claims, conduct matters

Last Updated: Tuesday, January 28, 2014, 14:29

Britain`s state-controlled Royal Bank of Scotland said Monday it has set aside more than £3.0 billion (USD 5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.

J P Morgan to give CEO Dimon $20 mn compensation for 2013

Last Updated: Saturday, January 25, 2014, 15:28

In a regulatory filing, the bank said its Board of Directors has approved the 2013 incentive compensation for Dimon in the amount of USD 18.5 million.

Parents of DU assistant professor gets Rs 37.64 L compensation

Last Updated: Monday, January 13, 2014, 15:56

Family members of an assistant professor in Delhi University, who died in a road accident last year, have been awarded a compensation of over Rs 37 lakh by a motor accident claims tribunal (MACT) here.

Can't implement pre-packaged rates in policies: GIC to HC

Last Updated: Thursday, January 9, 2014, 20:53

General Insurance Council, which represents 25 non-life insurance companies, today told the Bombay High Court that it was not possible for its members to come out with a pre-packaged compensation in the policies on the basis of sum insured and on the type of hospital.

Obama presses for unemployment benefits extension

Last Updated: Wednesday, January 8, 2014, 11:58

US President Barack Obama stepped up pressure on the Congress to extend unemployment benefits by approving the bill which has just cleared procedural hurdle in the Senate.

Bench pulls up Addnl Home Secy for delay in compensation delivery

Last Updated: Wednesday, December 4, 2013, 15:21

Madras High Court Bench has pulled up the Tamil Nadu Additional Home Secretary for delay in settling the compensation given by an estate company in Malaysia to a woman, whose husband died of injuries in an accident in the country in 2011, and sought to know why costs should not be imposed on him.

Cabinet accepts uniform compensation policy for riot victims

Last Updated: Thursday, November 28, 2013, 22:52

A report that recommends a uniform compensation policy to all riot victims and seeks compensation for minority youths falsely implicated in terror cases was accepted by Union Cabinet.