The verdict had led to massive outcry and violent protests by different SC/ST organisations across the country in which several people had died and many injured.
Targeting Narendra Modi over his remarks that he wants to be a chowkidar (watchman) of the country, Congress vice president Rahul Gandhi said sometimes a watchman also "indulges in theft" so the "keys" of the country cannot be given to just one person.
The Reserve Bank of India (RBI) has urged Finance Minister Pranab Mukherjee to allow the Securities and Insurance Laws (Amendment and Validation) Ordinance 2010 to lapse, since it could affect the autonomy of all regulators, including the central bank.
The court also directed the government to place in a 'sealed cover' a copy of the report of the Standing Committee before the court.
Once passed by Parliament, the bill will replace an ordinance promulgated on December 30 last which provides for a fine of 10,000 or five times the cash held, whichever is higher, on holding of more than 10 banned 1,000 and 500 rupee notes.
Indications of a stormy start to the Budget session emerged at an all-party meeting with opposition accusing the government of "setting the agenda for disruption".
This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
Addressing the joint session of Parliament at the beginning of the Budget Session, President Ram Nath Kovind said, "The government has been working to fulfill hopes and aspirations of all sections of people."
Sri Lanka's Parliament on Wednesday approved the private sector participation in oil and gas exploration, paving way for the Indian companies to invest in the island nation.
Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
'If development, investment, employment, implementation, credibility and commitment are ensured, security will automatically improve and subversive and militant elements will lose ground and be neutralised by the people themselves,' says B S Raghavan, the distinguished civil servant.
The panel suggested inclusion of alcohol and petroleum products in GST, as is being demanded by the Congress.
Tamil Nadu Chief Minister M K Stalin on Thursday said he has requested Prime Minister Narendra Modi to provide additional doses of COVID-19 vaccine to the state.
The Reserve Bank of India has said Indian companies merging with overseas firms will continue to be treated as entities resident in the country under the Foreign Exchange Management Act (FEMA). There is no provision for such a merger under the current Companies Act. But a Bill to amend the Act tabled in the Budget session of Parliament proposes to allow Indian companies to merge with overseas companies, under section 205, a move that could introduce greater flexibility in
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
RBI Governor Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation.
Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.
Around 700 migrant workers, women and children have lost their lives in this reverse migration. But what is happening today with the migrant labour is only a continuation of the policies pursued by the Modi regime during the last six years. It is not for nothing that India was ranked the most dangerous country in the world for women in 2018 by the Thompson Reuters Foundation poll, points out Rashme Sehgal.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
'The nominations were not meant to last permanently, but depended on the government of the day.' 'There was no question of revoking it during Congress, Janata Dal or even Vajpayee's NDA rule.' 'But Modi is different.'
'We fear worse things to happen. We feel this is just a teaser.' 'I wonder whether later, the Christian community will be targeted.'
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
Opposition members trooped into the Well, resorting to high-decibel sloganeering.
The Reserve Bank of India (RBI) plans to bring global payment systems such as MasterCard International and Visa International under its regulatory framework.
The apex court has already issued notices on the petition challenging the order issued by Union Human Resource Development Minister Arjun Singh and the government in its counter has justified caste-based reservation.
Some students suffered minor injuries while trying to get away from the tear gas and water cannons.
The medicos are considering legal experts and will move the Supreme Court against the government decision on Wednesday.
This is the first time that no-confidence motion notices have been moved against the Modi government in 4 years.
Apart from high-profile cases like the validity of Aadhaar Act in light of the right to privacy judgment and Ayodhya land dispute, the CJI is also heading various benches that are expected to decide cases related reservations to Scheduled Castes and Scheduled Tribes in promotion in government jobs, the alleged dilution of Section 498A of the Indian Penal Code -- which stipulates punishment against harassment of women by husband and in-laws -- and framing of guidelines to check violence and vandalism by a protesting mob.
On the occasion of International Women's Day, Speaker Somnath Chatterjee suspended the Question Hour for some time to make a statement on the issue and allowed lady members to share their views.
Sources said that the Congress was working to move the motion on Wednesday and is in the process of filing a notice in this regard.
India's political infighting is denting business confidence.
The United Progressive Alliance government's efforts to rein in the judiciary may come unstuck as its ambitious bill scrapping the collegium system of appointing judges to the Supreme Court and high courts as the Bharatiya Janata Party is unlikely to allow the passage in the ongoing Parliament session.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
