For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
Seeking to ensure strict adherence to COVID-19 protocols by air travellers, aviation regulator Directorate General of Civil Aviation (DGCA) on Saturday asked airlines to de-board passengers who do not wear their mask 'properly' despite repeated warnings.
Justice G Jayachandran disposed of the petitions filed by Bharathi and another one by the non-governmental organisation 'Arappor Iyakkam' represented by Jairam Venkatesh seeking a direction to the DVAC to probe the complaint. "...The inquiry has to be completed as expeditiously as possible...," the judge said.
The RBI on Monday asked banks not to approve any proposal of foreign law firms to open a branch office, project office or liaison office in the country under FEMA for the purpose of practicing legal profession. The RBI has issued a circular in this regard in view of a Supreme Court order wherein the apex court held that advocates enrolled under the Advocates Act, 1961 alone are entitled to practice law in India and foreign law firms or foreign lawyers cannot practice the profession of law.
A list of at least 20 individuals has been sent to the immigration department to prevent them from flying overseas.
Resisting the Supreme Court's attempt to revisit the 2016 demonetisation exercise, the government said on Friday the court cannot decide a matter when no tangible relief can be granted by way of "putting the clock back" and "unscrambling a scrambled egg".
The Supreme Court on Tuesday remarked the Gujarat government's reply to pleas challenging the remission granted to 11 convicts in the Bilkis Bano gang-rape case is very bulky wherein a series of judgments have been quoted but factual statements are missing.
Jayant Naiknavare, who took over as the Nashik commissioner of police last week, has cancelled the order given by his predecessor Deepak Pandey over loudspeakers.
The Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey in connection with a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said.
The Delhi high court has permitted Bollywood actress Jacqueline Fernandez, against whom a lookout notice was issued by the Enforcement Directorate in connection with an alleged money laundering case, to travel abroad for IIFA awards subject to certain conditions.
The National Investigation Agency (NIA) has arrested a most-wanted terrorist, carrying a reward of Rs 5 lakhs, from the Delhi airport three years after he was declared an absconder and the Interpol issued a red corner notice against him.
A Delhi court on Saturday sent Shankar Mishra, accused of urinating on a woman co-passenger on an Air India flight, to judicial remand for 14 days while rejecting a plea by police for his custody.
The order, a "negative" overall, will be a short term positive for corporate focused state-run and private lenders because of the possibility of delaying incremental stressed asset recognition.
The Supreme Court on Wednesday said that the question in the Karnataka hijab ban matter is only about the restriction in schools as nobody is prohibited from wearing it anywhere else they want.
Amid concerns over misleading claims of huge returns on cryptocurrency investment, Prime Minister Narendra Modi on Saturday chaired a meeting on the way forward on the issue, with government sources asserting that such unregulated markets cannot be allowed to become avenues for "money laundering and terror financing".
Prasad's daughter Misa Bharti and a former general manager of the Railways have also been named as accused in the chargesheet filed before a special CBI court recently, they said.
The Kerala high court on Thursday asked the state government as to what steps can be taken to ensure the safety of citizens on the roads in the wake of a bus accident in Palakkad claiming nine lives, including five school students.
Late on Thursday, chief proctor Rajnish Kumar Mishra issued a notification saying the document on rules and discipline of JNU students is withdrawn, citing administrative reasons.
The Bharatiya Janata Party bagged 48 wards and the All India Majlis-e-Ittehadul Muslimeen of Asaduddin Owaisi secured 44.
A state government affidavit said all convicts were granted parole, furlough and even temporary bail at different points during their incarceration, with the highest being for 1,576 days and the lowest 998 days.
Observing that it never wanted Sharma to visit every court for relief, the bench issued notices to the Centre and several states including Delhi, West Bengal, and Maharashtra on her plea and sought their responses by August 10.
So far, 758 million Aadhaar numbers have been generated.
The Supreme Court Monday declined the plea of jailed Nationalist Congress Party leaders and MLAs Nawab Malik and Anil Deshmukh seeking temporary release from prison to cast their votes in the Maharashtra legislative council election.
The Central Bureau of Investigation (CBI) on Monday questioned former Bihar chief minister Rabri Devi at her Patna residence and has issued notice to her husband and former railway minister Lalu Prasad Yadav in connection with the further probe in the land-for-jobs scam case, officials said.
The Supreme Court on Thursday refused to entertain a plea filed against a Bombay high court order staying the decision to ban sale of meat in Mumbai during Jain festival.
A special court in Mumbai on Thursday allowed the discharge applications of Maharashtra minister and senior NCP leader Chhagan Bhujbal and seven others in the Maharashtra Sadan scam case.
There is no provision for the state government to either install or remove loudspeakers, Maharashtra Home Minister Dilip Walse Patil said on Monday after an all-party meeting on the issue.
Sources said that the lookout circular was issued to prevent Deshmukh from fleeing the country.
Under fire for its decision to ban slaughter and sale of meat in Mumbai for two days during Jain festival 'Paryushan', the Brihanmumbai Municipal Corporation on Friday told the Bombay high court that it has decided to withdraw its decision.
'In equities, it has diversified portfolios.' 'So the short-term movement of individual stocks does not impact them.'
Flooded with complaints of alleged falsification of election affidavits, the Election Commission has said people are free to approach the courts directly against candidates for concealing information in nomination papers.
Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that lent money to Future Retail Ltd (FRL), also suggested the insolvency tribunal appoint Vijay Kumar V Iyer as the interim professional of the company. Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the "process of taking legal advice".
Nobody is held accountable for lapses, no matter how badly it affects the person or business whose accounts are frozen. Nor is there compensation for losses. Most people get to know their accounts are blocked only when a cheque bounces, points out Debashis Basu.
The Enforcement Directorate (ED) has arrested the vice chairman and managing director of real estate group IREO, Lalit Goyal, in connection with a money laundering probe against him, officials said on Tuesday. The businessman has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency in Chandigarh and will be produced before a local court for seeking his remand, they said. Goyal was stopped by immigration authorities last Thursday at the Indira Gandhi International (IGI) airport in New Delhi on the basis of an ED look out circular against him.
Mehta told a bench of Justices Hemant Gupta and Sudhanshu Dhulia the PFI started the social media campaign over the Islamic headscarf earlier this year and there were continuous social media messages asking students to "start wearing hijab".
The notification issued by the Union Environment Ministry also exempts projects pertaining to the expansion of terminal buildings at airports (without an increase in the existing area of the airport) from seeking green nod.
'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'
Ahmedabad-based crypto firm Kali Digital Ecosystems' plea against the ban will be heard on July 20.
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
The Delhi high court on Friday called for strict action against those found violating masking and hand hygiene norms at airports and in aircraft, observing that the Covid-19 pandemic has not abated and keeps rearing its ugly head.
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