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Daily Monitor Friday January 29 2021 Summary The ruling NRM party won majority seats in Parliament with about 313 MPs while Robert Kyagulanyi’s NUP emerged second with 61 slots. Kyagulanyi, aka Bobi Wine, is the NUP leader, who is also the outgoing Kyadondo East Member of Parliament. Advertisement The dust is settled, the Forum for Democratic Change (FDC) has been deposed as the biggest Opposition political party in Parliament, with the arrival of the National Unity Platform (NUP) party, which will have  majority Opposition MPs. The ruling NRM party won majority seats in Parliament with ab...

The National Company Law Tribunal, Bengaluru, on Tuesday admitted the petition filed by Indian Space Research Organization's commercial arm Antrix Corporation Ltd to wind up Devas Multimedia under Sections 271 and 272 of the Companies Act 2013. Antrix Corporation sought the winding up of Devas Multimedia on the grounds that the Bengaluru-based company's affairs were being have been conducted in a "fraudulent manner", "the company was formed for fraudulent and unlawful purpose", "the persons concerned in the formation or management of its affairs have been guilty of fraud, misfeasance or misco...

Daly Bread: Abstinence, abstention and absconding; sold short by procurement vote Politicians and their satellites do not always practise abstinence from corruption.  If persons populating our institutions abstain, without credible cause, from the limited opportunities to act as checks and balances, we can expect no change in the rate at which the corrupt will abscond unjustly enriched. Last week, amidst public concern about the effect of abstentions and in the interest of fairness, I expressed my opinion that Independent Senator Dr Maria Dillon-Remy should not be targeted as the sole ‘cau...

Daily Monitor Tuesday December 15 2020 Customers in a banking hall. The Deposit Protection Fund uses your personal information as provided to the bank to offer you deposit insurance when your bank closes. PHOTO/Kelvin Atuhaire Summary Depositors should update personal information with their respective financial institutions to ensure timely and convenient payment of their deposits in the unlikely event that a bank winds up. Advertisement Banking crises have often left some customers struggling to claim their deposits. Closed banks such as Greenland Bank, Teefe Bank, International Credit Bank,...

GE Power India Limited appoints Mr. Yogesh Gupta as additional director, CFO Posted On: 2020-12-10 04:25:23 (Time Zone: Arizona, USA) The Board of Directors of GE Power India Limited in its meeting held on 10 December 2020 appointed Mr. Yogesh Gupta, as an Additional Director and Whole-Time Director & Chief Financial Officer of the Company with effect from 16 December 2020. Yogesh Gupta is a Chartered Accountant and Commerce Graduate from Shri Ram College of Commerce, Delhi. He holds a Master's degree in Business Administration from the Faculty of Management Studies and is also a Law Gra...