Liability

  • RBI revises guidelines on mortgage guarantee companies August 8, 2014

    Mumbai: The Reserve Bank on Friday revised guidelines for mortgage guarantee companies and said that guarantees provided by them may be treated as contingent liabilities, for which credit conversion factor would be 50 per cent. "While calculating capital adequacy of MGCs, mortgage guarantees provided may be treated as contingent liabilities and...
  • Cabinet clears N-Liability Clause before PM's UNGA visit September 25, 2013

    New Delhi: Just hours before Prime Minister Manmohan Singh leaves for the USA, the Cabinet Committee on Security cleared the contentious Nuclear Liability Clause, paving the way for signing of agreement between Nuclear Power Corporation of India Ltd (NPCIL) and America's Westinghouse. The clause dilutes the Nuclear Liability Law by which...
  • Gujarat: Villagers to take out rally against proposed nuke plant at Mithi Virdi today September 23, 2013

    Local villagers, led by a few NGOs opposed to the proposed nuclear power plant at Mithi Virdi in Bhavnagar of Gujarat, would be holding a rally at the district on Monday to protest the Central government's alleged move to dilute the Nuclear Liability Act. "Bhavnagar Jilla Gram Bachao Samiti, Gujarat Anu-urja...
  • Nuclear liability law poses challenge to Indo-US N-deal September 13, 2013

    India's nuclear liability law posed a tough challenge for implementing the 'transformational' Indo-US nuclear deal though there is a very strong desire to move forward, Nisha Desai Biswal, President Barack Obama's Indian-American nominee for a key post in South Asia, said. "I think that the 123 agreement was a transformational agreement...
  • TRAI may get power to penalise the service provider June 30, 2013

    New Delhi: The government has mooted a proposal for giving powers to telecom and broadcasting sectors regulator TRAI to penalise service providers for failing to comply with rules and regulations. The Telecom Ministry in an ongoing inter-ministerial consultation has said that "jurisdiction to impose penalties through a transparent process for...
  • Himachal to cut 'wasteful expenditure' to fix loan liability March 18, 2013

    Shimla: Himachal Pradesh's loan liability by the end of this fiscal (2012-13) is likely to be over Rs.28,513 crore, and the government plans to fix it by cutting "wasteful expenditure", Chief Minister Virbhadra Singh has said. "We will improve the financial health of the state by cutting wasteful expenditure," the chief...
  • India's business environment deteriorating: GE's John Flannery March 14, 2013

    John Flannery Age: 51 Last Designation: President and CEO, GE India Education: Graduate of Fairfield University; MBA from the Wharton School at the University of Pennsylvania Career: Spent 24 years at GE Interests: Exercise, cricket, cooking and Sufi music On the Indian economy 2012 was flying pretty low from an investor standpoint. The statements in the...
  • US asks India to consult IAEA on nuclear liability law December 2, 2012

    Washington: To enter the international mainstream civil nuclear commerce, a top US official has said India should consult International Atomic Energy Agency (IAEA) on its nuclear liability law as a means to ensure the objective. "While we understand that India's law is currently being examined by the courts, we believe that...
  • India, US discuss N-liability issue and Af-Pak December 12, 2011

    New Delhi: India and the US on Monday discussed issues relating to the civil nuclear liability regime and the volatile situation in the Afghanistan-Pakistan region. US Deputy Secretary of State William Burns on Monday held talks with National Security Adviser Shivshankar Menon and Foreign Secretary Ranjan Mathai. Speaking to reporters after the...
  • Start N-trade but within our laws: PM to Obama November 18, 2011

    New Delhi: On the busy day when he had meetings with two of the most powerful leaders of the world, Prime Minister Manmohan Singh told President Barack Obama that US should start nuclear trade with India and also met Chinese premier Wen Jiabao reasserting India's right to explore oil in...
  • Woman SC judge lists daughters as liability December 28, 2010

    New Delhi: In an unusual disclosure, a sitting judge of the Supreme Court has listed her unmarried daughters as 'liabilities'. This has triggered sharp reactions from women rights activists. The details of assets and liabilities owned by Justice Gyan Sudha Mishra for the year 2010, which have been put up on...
  • PM to disclose assets of Cabinet ministers November 14, 2010

    New Delhi: In a move to bring about greater transparency Prime Minister Manmohan Singh has decided to disclose the assets and liabilities of all Cabinet Ministers on the website of Prime Minister's Office. Cabinet Secretary KM Chandrashekhar wrote to the Council of Ministers about the move to disclose their asset...
  • 'Flawed' N-bill was passed in Parliament: US September 1, 2010

    Washington: Suggesting that the Indian Parliament had passed a flawed civil nuclear liability law, a US South Asia expert has warned that it could cast a pall over the historic India- US civil nuclear deal. An internationally compliant civil nuclear liability regime that would facilitate US investment in India's nuclear industry...
  • Nuclear liability bill passed in Rajya Sabha August 30, 2010

    New Delhi: Paving the way for India to have nuclear commerce with the world, Parliament on Monday adopted a nuclear liability bill with the government insisting that the compensation package for victims matches that of the US and it was still open to accommodate some suggestions. With BJP on board after...
  • Nuclear civil liability bill moved in Rajya Sabha August 30, 2010

    New Delhi: Minister of State for Science and Technology Prithviraj Chavan moved the civil nuclear liability bill in the Rajya Sabha on Monday after the Lok Sabha passed the legislation last week. "I beg to move the bill to provide for civil liability for nuclear damage, and prompt compensation to victims...
  • Amended N-bill will scare away foreign suppliers August 26, 2010

    Many experts say the bill may become an obstacle in realising India's nuclear energy dreams. ...
  • India@9 with Rajdeep Sardesai August 26, 2010

    Get the day's top stories with CNN-IBN Editor-in-Chief Rajdeep Sardesai. ...
  • N-liability bill passed in Lok Sabha August 25, 2010

    A reworded Nuclear liability bill was passed after the government agreed to the Opposition's demand to remove the controversial clause. ...
  • Nuclear bill: Govt may accept BJP's demand August 25, 2010

    New Delhi: The Civil Nuclear Liability Bill will be presented in Parliament on Wednesday. The Congress has issued whip to all its members to be present in Lok Sabha. Centre says it’s ready to drop the contentious clauses in a last ditch attempt to save it. The BJP will move...
  • India@9 with Rajdeep Sardesai August 23, 2010

    Catch all the top news of the day with CNN-IBN Editor-in-Chief Rajdeep Sardesai. ...
  • Is the govt diluting the N-bill under US pressure? August 23, 2010

    On India at 9, CNN-IBN Editor-in-Chief Rajdeep Sardesai spoke to Minister of State Prithviraj Chavan on the issue. ...
  • N-bill: time running out for the govt August 23, 2010

    The Opposition is adamant that it would not support the bill unless the contentious clause that limits suppliers' liability is removed. ...
  • Govt diluting suppliers' liability in N-bill: Oppn August 22, 2010

    New Delhi: Two days before it is moved in Parliament, the Nuclear Liability Bill on Sunday ran into fresh trouble with the BJP and the Left parties slamming the government for "diluting" the suppliers' liability through changes in the draft legislation. The BJP and the Left parties have apprehensions over an...
  • N-bill: Fresh changes may trigger a new row August 22, 2010

    New Delhi: Government has brought some new changes to the Civil Nuclear Liability Bill that are likely to trigger a fresh controversy as these could be seen as diluting the right of recourse of operator to seek damages from supplier in the event of an accident. One of the 18...
  • Cabinet clears nuclear liability bill August 20, 2010

    The cabinet gave a thumbs up to the nuclear liability bill after accepting proposed changes to a bill aimed at opening up India’s USD 150 billion nuclear power market. ...
  • BJP objects to change in N-liability bill August 19, 2010

    New Delhi: After agreeing with Congress on changes in the Civil Nuclear Liability Bill, BJP on Thursday opposed an amendment carried out in the final report of the Standing Committee, saying it dilutes provisions relating to "suppliers" obligations in case of an accident. The party has made it clear that if...
  • Govt let off Modi for BJP's N-bill support: Lalu August 18, 2010

    RJD chief Lalu Yadav was referring to reports of CBI absolving Gujarat CM Narendra Modi of wrongdoing in Sohrabuddin Sheikh encounter case. ...
  • Cong, BJP deal on N-bill protecting Modi: Lalu August 18, 2010

    New Delhi: Lok Sabha was rocked on Wednesday by Rashtriya Janata Dal chief Lalu Prasad's allegation of Congress promising relief for Gujarat Chief Minister Narendra Modi in the Sohrabudding Sin exchange for the Bharatiya Janata Party's (BJP) backing on the Nuclear Civil Liability Bill. Lalu alleged that the pay-off to the...
  • Govt gets BJP's support on N-liability bill August 17, 2010

    New Delhi: The Government has yielded some ground to the Opposition's demands on changes in the Nuclear Civil Liability Bill and managed to rope in the support of the Bharatiya Janata Party (BJP). Following the changes compensation cap will be increased from Rs 500 to Rs 1,500 crore and the...
  • Govt hopes to get nuke bill passed this session August 9, 2010

    New Delhi: The government plans to get the Civil Liability for Nuclear Damages Bill before Parliament for approval during the ongoing monsoon session, sources told CNN-IBN. The contentious bill which is currently in the Standing Committee has been given an extension till August 12. The bill was introduced in Lok Sabha...