News for 'Economic Laws Practice'

From 35 To 6: NITI Aayog's Tax Trim Plan

From 35 To 6: NITI Aayog's Tax Trim Plan

Rediff.com11 Oct 2025

While the new income tax law replaces the Income Tax Act, 1961 and omits 13 offences, 35 actions and omissions continue to attract criminal liability under 13 provisions.

'Peace Is Fragile, Remains Vulnerable To Provocations'

'Peace Is Fragile, Remains Vulnerable To Provocations'

Rediff.com22 Oct 2025

'You cannot 'clear' your way to peace.' 'You need intelligence, calibrated force, impartial law enforcement, political neutrality, humanitarian returns and a sustained reconciliation plan.'

When A Bank Account Has No Nominee

When A Bank Account Has No Nominee

Rediff.com21 Aug 2025

Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.

Nehru Should Have Retired In 1957

Nehru Should Have Retired In 1957

Rediff.com13 Nov 2025

...a time when his legacy ledger was still positive and before the debacle against China. With every subsequent election, our leaders tend to become weaker. India should consider passing a law that no person should hold the highest office in our country for more than two terms, points out Harishchandra.

Why Modi Needs Mission-Mode Bureaucrats

Why Modi Needs Mission-Mode Bureaucrats

Rediff.com15 Oct 2025

Learning from East Asia, India must reform its district administration with performance, accountability, and vision to achieve the goal of Viksit Bharat, points out Deepak Mishra.

Explained: Trump's H1 Order Decoded

Explained: Trump's H1 Order Decoded

Rediff.com14 Oct 2025

A deep dive into Trump's new policy and what it means for Indian professionals and companies.

'Gen Zs Are Not Interested In Farming'

'Gen Zs Are Not Interested In Farming'

Rediff.com3 Nov 2025

'They are totally disconnected with farm activities which their families have been involved in for years.'

Abuse of H-1B programme national security threat: Trump

Abuse of H-1B programme national security threat: Trump

Rediff.com20 Sep 2025

US President Donald Trump signed a proclamation restricting entry of certain non-immigrant workers and imposing a USD 100,000 fee on H-1B visas, citing abuse of the program and national security concerns.

'This Is Why Trump Has Scored'

'This Is Why Trump Has Scored'

Rediff.com24 Oct 2025

'I realised why the farmers and the rural folks are going for Trump. They are so insecure and vulnerable that anybody who is throwing a line of hope to them, they seize it.'

India said...: Pak minister amid Trump's ceasefire claims

India said...: Pak minister amid Trump's ceasefire claims

Rediff.com17 Sep 2025

Dar recalled that when he met US Secretary of State Marco Rubio in July and asked about dialogue with India, the top US diplomat clarified that India has maintained it is a "bilateral issue."

Homebuyers Beware: No Sale Agreement, No Legal Rights

Homebuyers Beware: No Sale Agreement, No Legal Rights

Rediff.com6 Jun 2025

Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.

Which is the new battleground in tax disputes?

Which is the new battleground in tax disputes?

Rediff.com25 Jun 2025

In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.

Sebi clears Adani of Hindenburg allegations

Sebi clears Adani of Hindenburg allegations

Rediff.com18 Sep 2025

In a big boost to tycoon Gautam Adani, markets regulator Sebi on Thursday cleared the billionaire and his group of stock manipulation allegations made by US short-seller Hindenburg Research, saying fund transfer between group companies did not fall foul of any regulation.

Quad condemns Pahalgam attack; silent on Pak, 4-day military conflict

Quad condemns Pahalgam attack; silent on Pak, 4-day military conflict

Rediff.com2 Jul 2025

The Quad grouping has called for bringing the perpetrators, organisers and financiers of the Pahalgam terror attack to justice without any delay and urged UN member nations to extend cooperation for it.

Relief to Adani? Trump pauses foreign bribery law

Relief to Adani? Trump pauses foreign bribery law

Rediff.com11 Feb 2025

Trump signed an order to pause enforcing of the 1977 Foreign Corrupt Practices Act (FCPA) that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.

Top 10 Courses For Commerce Students After Class 12

Top 10 Courses For Commerce Students After Class 12

Rediff.com2 Jun 2025

In today's dynamic economic landscape, commerce and management education is crucial for a global career, says Nayagam PP.

'Gen Z Want Radical Change In Nepal'

'Gen Z Want Radical Change In Nepal'

Rediff.com11 Sep 2025

'They mean business, but business as usual is unacceptable to them'

Himachal: 2 brothers marry same woman as per tribal tradition

Himachal: 2 brothers marry same woman as per tribal tradition

Rediff.com20 Jul 2025

Two brothers from the Hatti tribe in Himachal Pradesh married one woman in a traditional polyandry ceremony, a practice still observed in some tribal communities to preserve land and family unity.

Upholding constitutional ethos hallmark of CJI Sanjiv Khanna's tenure

Upholding constitutional ethos hallmark of CJI Sanjiv Khanna's tenure

Rediff.com13 May 2025

Some of his directives had the Supreme Court judges disclose their assets whereas the row over the discovery of cash from a sitting judge's official residence paved way for inquiry.

Trump administration uses India-Pak ceasefire to justify tariffs

Trump administration uses India-Pak ceasefire to justify tariffs

Rediff.com29 May 2025

Trump has repeatedly claimed that he "helped settle" the tensions between India and Pakistan and that he told the nuclear-armed South Asian neighbours that America would do a "lot of trade" with them if they stopped the conflict.

Relief to Adani? Trump pauses enforcement of foreign bribery law

Relief to Adani? Trump pauses enforcement of foreign bribery law

Rediff.com11 Feb 2025

US President Donald Trump signed an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that was used to launch a bribery investigation against the Adani Group. Trump signed an order to pause enforcing of the 1977 Foreign Corrupt Practices Act (FCPA) that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.

Valuations, access to capital spur fintechs' homecoming

Valuations, access to capital spur fintechs' homecoming

Rediff.com4 Jun 2024

Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?

Why Govt Is In No Hurry On Digital Competition Bill

Why Govt Is In No Hurry On Digital Competition Bill

Rediff.com17 Mar 2025

'Indian players in the digital market should not be dominated by global players, and they should not dominate the smaller players -- these discussions are on.'

Historic shift: New criminal laws to replace British-era laws on July 1

Historic shift: New criminal laws to replace British-era laws on July 1

Rediff.com30 Jun 2024

Union Home Minister Amit Shah, who piloted the laws, said the new laws would give priority to providing justice, unlike the British-era laws that gave primacy to penal action.

'I'm Really Proud To Be A Brahmin'

'I'm Really Proud To Be A Brahmin'

Rediff.com19 Aug 2025

'So my question was, 'What is it that you are proud of? What have you achieved? What is your contribution?' 'He had no answer.'

Trump's drug price cut plan may put pressure on India

Trump's drug price cut plan may put pressure on India

Rediff.com12 May 2025

US President Donald Trump's plan to sign an executive order to cut prescription drug prices by 30-80 per cent could lead to a global price adjustment with pharma firms pushing lower-cost countries like India to raise prices, according to the economic think tank GTRI. The US move could push prices in lower-cost countries like India as manufacturers would seek to recover losses and R&D costs from these nations.

Afghanistan joins CPEC amid strengthening India-Kabul ties

Afghanistan joins CPEC amid strengthening India-Kabul ties

Rediff.com21 May 2025

The announcement on expansion of CPEC was made following a meeting among Chinese Foreign Minister Wang Yi, his Pakistani counterpart Ishaq Dar and Afghanistan's Acting Foreign Minister Amir Khan Muttaqi in Beijing, according to a Pakistani readout.

History In Minutes Panshet Dam Burst: Remembering 1,000 Deaths In Pune

History In Minutes Panshet Dam Burst: Remembering 1,000 Deaths In Pune

Rediff.com14 Jul 2025

64 years after the Panshet Dam burst claimed 1,000 lives, the tragedy stands as both a haunting memory and a vital lesson in engineering caution.

PSBs may be allowed to transfer unclaimed shares to IEPF

PSBs may be allowed to transfer unclaimed shares to IEPF

Rediff.com14 Apr 2024

The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years. "While Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, allows the transfer of unclaimed dividends to the IEPF, it, however, does not mention a provision for transferring unclaimed shares and may now be amended by the next government to allow such transfers to happen," said a person familiar with the matter.

Restaurants can't levy mandatory service charge on food bills: HC

Restaurants can't levy mandatory service charge on food bills: HC

Rediff.com29 Mar 2025

The court upheld the guidelines and imposed Rs 1 lakh cost each on the petitioners to be deposited with the CCPA towards consumer welfare.

'New Laws Are Shilanyas Of Hindu Rashtra'

'New Laws Are Shilanyas Of Hindu Rashtra'

Rediff.com11 Jul 2024

'It will be difficult to challenge Hindutva anymore as the police will have the power to charge you as anti-national.'

Bihar forms task force to combat child marriages

Bihar forms task force to combat child marriages

Rediff.com9 Mar 2025

The Bihar government has formed a state-level task force to monitor actions taken by authorities to prevent and eradicate child marriages in the state. Bihar has the second-highest rate of child marriage in India, with 40.8% of women getting married before turning 18. The government is implementing a multipronged strategy to combat child marriage, including stricter enforcement of the law, empowering girls through education, and raising awareness.

Delhi FIR not first in country under new law; case dismissed, says Shah

Delhi FIR not first in country under new law; case dismissed, says Shah

Rediff.com1 Jul 2024

Union Home Minister Amit Shah said the Delhi case was not the first FIR registered in the country. He said the first case under the new laws was about a motorcycle theft registered in Madhya Pradesh's Gwalior at 10 minutes past midnight.

Byju's may move NCLAT against insolvency order

Byju's may move NCLAT against insolvency order

Rediff.com18 Jul 2024

Edtech company Byju's parent Think & Learn will challenge the National Company Law Tribunal's (NCLT's) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, a source claimed. With the NCLT appointing Pankaj Srivastava as the interim resolution professional (IRP), time is running out for Byju's as the committee of creditors (CoC) begins to be formed.

Why Are Indians Migrating Illegally To US?

Why Are Indians Migrating Illegally To US?

Rediff.com12 Feb 2025

Many unauthorised migrants originate from Punjab and Gujarat, states known for high migration aspirations rather than political instability.

130 Dalit families allowed temple entry in Bengal after 3 centuries

130 Dalit families allowed temple entry in Bengal after 3 centuries

Rediff.com13 Mar 2025

In a significant move, 130 Dalit families in West Bengal were finally allowed to enter the Gidheshwar Shiv Temple after being barred for nearly three centuries due to caste discrimination. The families, who are primarily cobblers and weavers, had faced social and economic exclusion for their attempts to worship at the temple. Local authorities intervened after multiple rounds of discussions with village elders, temple servants, and political leaders, leading to a resolution of the long-standing dispute.

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.

130 Dalit households in Bengal fight for their right to worship

130 Dalit households in Bengal fight for their right to worship

Rediff.com9 Mar 2025

A group of around 130 Dalit families in West Bengal's Purba Bardhaman district have been facing discrimination for centuries, being denied access to a local temple. The families, belonging to the traditional community of cobblers and weavers, have been ostracized and face economic hardship due to this caste-based practice. Despite recent attempts by the administration to resolve the issue, the situation remains tense and the families are left with few options.

How real is Trump's 100% tariff threat on BRICS?

How real is Trump's 100% tariff threat on BRICS?

Rediff.com2 Dec 2024

President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US laws permit such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US dollar.

2nd US flight with 119 deportees to arrive in Punjab today

2nd US flight with 119 deportees to arrive in Punjab today

Rediff.com15 Feb 2025

The deportation of 104 Indian nationals from the US, followed by another 119 set to arrive in Amritsar on Saturday night, has sparked controversy in India over the treatment of returnees. The US government's intensified crackdown on undocumented immigrants has led to criticism of the use of handcuffs and shackles for deportees, even those who have committed no crimes beyond immigration violations. The issue has led to heated debates in the Indian Parliament, with opposition leaders demanding an inquiry into the deportation process. The Indian government is engaging with US officials to ensure the humane treatment of deportees, while also facing the challenge of reintegrating returnees into Indian society. The deportations highlight the ongoing tension between border control and human rights, and the complexities of US-India relations.