The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
The United States will deport 119 Indian nationals who were living in the country illegally. The individuals will arrive in Amritsar, India, on Saturday, hours after Prime Minister Narendra Modi asserted the need to combat human trafficking. This deportation follows the arrival of a US military aircraft carrying 104 illegal immigrants earlier this month. Prime Minister Modi and President Donald Trump discussed the issue of illegal immigration during their joint press conference, emphasizing the need to dismantle the "ecosystem" of human trafficking. Modi emphasized India's willingness to take back its citizens residing illegally in the US, and Foreign Secretary Vikram Misri confirmed that the issue of illegal immigration was raised during the discussions, stressing the need to address the root causes of the problem. India seeks cooperation from the US to dismantle the rackets and ecosystems that facilitate illegal immigration, potentially involving collaboration between law enforcement and intelligence agencies.
The law ministry has red flagged a proposal to provide the National Commission of Women punitive powers to arrest and penalise people guilty of harassing women and ignoring summons.
Rekha Gupta had the support of the RSS, which actively participated in the Delhi assembly poll campaign to help the BJP win.
The two 'One Nation One Election' (ONOE) bills, including one requiring an amendment in the Constitution, that lay down the mechanism to hold simultaneous elections were introduced in the Lok Sabha on Tuesday after a fiery debate.
'The prime minister was gracious enough to offer me one or two other ministries. I declined it,' the former law minister said.
FCRA registration will also be cancelled if any NGO is not utilising foreign funding as per the aims and objectives of the NGO or if it has not uploaded the annual returns, the ministry said.
The United States has approved the extradition of Tahawwur Rana, accused of involvement in the 2008 Mumbai terror attacks, to India. The decision was announced by President Donald Trump during a joint press conference with Prime Minister Narendra Modi in the White House. India is currently working on the logistics of Rana's surrender and extradition, with several final steps to be completed before he is sent back to India. The joint statement issued by India and the US during Prime Minister Modi's visit reaffirmed their commitment to fighting terrorism and eliminating terrorist safe havens. The leaders also called on Pakistan to bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks. Rana, a Canadian national of Pakistani origin, is currently lodged at a metropolitan detention center in Los Angeles. He is associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks.
Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Monday expressed concern over the law and order situation in the state and said if he was the state home minister, 'things would be different', remarks seen as direct criticism of Vangalapudi Anitha, who is holding the department currently.
Journalist and author Chitra Subramaniam has demanded that the Central Bureau of Investigation (CBI) make public its findings from the "box of evidence" received from Switzerland regarding the Bofors payoffs. Subramaniam, author of 'Boforsgate: A Journalist's Pursuit of Truth', expressed concerns about the lack of transparency surrounding the evidence, questioning who opened the box, when it was opened, and what it contained. She also raised doubts about the official narrative regarding the alleged bribe in the Bofors case, suggesting the sum of Rs 64 crore may not reflect the full extent of the corruption. Subramaniam also alleged that the CBI planted stories about Hindi film actor Amitabh Bachchan to derail the investigation and launched a political vendetta against the Bachchans. She recalled that Bachchan had come to her home and asked if she had seen his name. The CBI has recently requested assistance from the United States in the case, seeking information from private investigator Michael Hershman, who claims to have crucial details about the scandal. The Bofors scandal, a major bribery case involving the Indian government and the Swedish arms manufacturer Bofors in the 1980s, pertains to allegations of a Rs 64-crore bribe in a Rs 1,437-crore deal for the supply of 400 155mm field Howitzers.
The MHA said that the law and order situation of all states should be monitored in view of the protests.
Assam Chief Minister Himanta Biswa Sarma has ordered a Special Investigation Team (SIT) probe into allegations of Pakistan links of Congress MP Gaurav Gogoi's British wife Elizabeth Colburn. Sarma alleged that Colburn had visited Pakistan after her marriage and that there are apprehensions of ISI infiltration into the Chief Minister's Office when Gogoi's father, the late Tarun Gogoi, was the chief minister. Sarma also shared screenshots of social media posts by Ali Tauqeer Sheikh, an advisor of the Pakistan Planning Commission and a former colleague of Colburn, claiming that the relationship between the Gogois and Sheikh appeared to be "deeply rooted." Sarma's allegations have been rejected by the Congress as "laughable and entertaining."
Amid a spate of hoax bomb threats to multiple airlines, the IT ministry has asked social media platforms to observe due diligence obligations and promptly remove or disable access to misinformation within the strict timelines prescribed under IT rules.
A 37-year-old man accused of raping a woman inside a bus at Swargate bus station in Pune was arrested after a days-long manhunt. The accused, Dattaray Ramdas Gade, was hiding in a paddy field in his native Shirur tehsil. Police used drones and sniffer dogs to track him down.
Seven Indians were injured in a car-ramming attack at a Christmas market in Magdeburg, Germany. The attack left at least five people dead and nearly 200 injured. The Indian embassy in Berlin is providing all possible assistance to the injured Indians. The Ministry of External Affairs (MEA) condemned the attack and said its mission in Germany is in contact with the injured Indians and their families.
The law firms will provide legal opinion on matters related to interpretation of various statutes, such as the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, among other things.
'Trump's desire to withdraw the US from some arenas on the global stage will result in ceding space to China.'
According to the woman, as she was waiting for a bus for Phaltan in Satara district at one of the platforms around 5.45 am on Tuesday, a man approached her and engaged her in conversation, calling her 'Didi' (sister), and said the bus for Satara had arrived at another platform.
A third-year B-Tech student at Kalinga Institute of Industrial Technology (KIIT) in Bhubaneswar, India, died by suicide in her hostel. Police are investigating a possible case of blackmail by a male student, who is currently in custody. The incident sparked protests from Nepali students on campus, leading to heightened security measures and the temporary relocation of some students.
Maintaining that it was against the "principle of protection", the Law Ministry has opposed a provision in the Lokpal Bill which gives the ombudsman power to file charge sheet against a public servant without the prior sanction of competent authority.
Recently, Supreme Court asked the government not to alter the existing pricing mechanism for essential medicines.
Amid intelligence reports of a pro-Khalistan group plotting an attack against him, Delhi Chief Ministerial candidate Arvind Kejriwal responded with faith, stating "God will save him." The threat comes ahead of the February 5 Delhi Assembly polls, with authorities reviewing Kejriwal's security and deploying round-the-clock surveillance.
The Odisha government has constituted a fact-finding committee to investigate the circumstances surrounding the death of a Nepali student at KIIT University and the subsequent protests by students. The three-member panel will investigate the institute's handling of the situation, including the suspension of students seeking justice. The incident has sparked outrage and raised concerns about the safety of international students at the institute. The Nepal government has threatened to stop issuing no objection certificates for students studying in Odisha if the situation is not resolved.
The government said on Wednesday that it has sought law ministry's opinion on the sale of Centaur Hotel in Mumbai. \n\n\n\n
The strike will continue following the tragic incident at the RG Kar Medical College in Kolkata, it said.
Ukrainian President Volodymyr Zelenskiy speaks in Russian during an address in Kyiv, Ukraine, February 24, 2022 in this still image taken from video. Ukrainian Presidential Press Service/via Reuters TV/Handout via REUTERS
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
The Union government is expecting to rake in Rs 100-200 crore in additional revenue from Pillar Two, only under specific circumstances, a senior finance ministry official said requesting anonymity. It is proceeding cautiously, and is unlikely to implement rules anytime soon, the source said.
At least 30 suspects have been detained in Bangladesh's Chattogram city for their alleged involvement in the killing of a lawyer and attacking security personnel following the arrest of a prominent Hindu community leader. The violence erupted after Chinmoy Krishna Das Brahmachari, spokesperson for Bangladesh Sammilita Sanatani Jagran Jote, was denied bail and sent to jail in a sedition case. The lawyer, Assistant public prosecutor Saiful Islam, was killed during clashes between security personnel and Das' followers. The interim government has condemned the violence, urging people to remain calm and has ordered an investigation into the killing and appropriate legal measures.
It will expedite disposal of cases as they won't get inordinately delayed, Shah said.
United States President Donald Trump for the fourth time in recent days claimed that the Biden administration allocated $21 million funding to India for 'voter turnout', evoking a sharp response from the Congress which urged Prime Minister Narendra Modi to 'talk to his friend' and strongly refute the allegation.
The Delhi assembly which held 74 sittings over its five-year term, met for an average of 15 days a year. On the days it met, the assembly sat for an average of three hours.
The interim government led by Professor Muhammad Yunus as the Chief Adviser has asked Bangladesh's envoys in India, Brussels, Canberra, Lisbon, and the Permanent Mission to the United Nations in New York to return immediately and report to the foreign ministry here as part of the latest reshuffle.
Kejriwal was greeting people standing behind a cordon when the man approached him and splashed the liquid on him, following which the security personnel swiftly overpowered him. Kejriwal and the security personnel accompanying him were later seen wiping their faces.
The Law Commission has said it is of the considered view that Section 124A of the Indian Penal Code dealing with sedition needs to be retained, though certain amendments could be introduced to bring about greater clarity regarding usage of the provision.
The Maha Kumbh, billed as the world's largest gathering, concluded on Wednesday after 45 days, with lakhs of devotees taking a dip in the Sangam, the confluence of the Ganga, Yamuna, and mythical Saraswati rivers. Despite a stampede that killed at least 30 people, millions continued to visit the Kumbh, seeking salvation through the ritual bath. The event saw a mix of faith, tradition, and technology, drawing pilgrims and tourists from across the globe.
Jagjit Singh Dallewal, a 70-year-old Punjab farmer leader, is on his 21st day of a hunger strike demanding the Indian government address farmers' concerns, including a legal guarantee of MSP on crops. His health has deteriorated, and doctors have recommended immediate hospitalization. However, Dallewal, a cancer patient, has refused medical treatment.
The debate on who will have the final word on lifting the controversial Armed Forces Special Act from some areas of Jammu and Kashmir intensified with the Union law ministry on Wednesday saying the governor can overrule the recommendation of the state government. Reversing its stand, the law ministry has informed the Union government that Governor N N Vohra enjoys the power to overrule any decision of the Omar Abdullah government for revoking the AFSPA in the border state.
Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.
