The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.
A day after being sworn-in, the new ministers took charge of their portfolios. Here's a look at the various new ministers on their first day at work.
The procurement and distribution will be centralised though the government is yet to take a call on the initial number of doses that will be procured.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
The BCCI has written to Attorney-General Goolam E Vahanvati and former Chief Justice A S Anand to get clarity on the controversial "whereabouts" clause in WADA'S Anti-Doping Code that has been opposed by top cricketers. Eleven cricketers, including captain Mahendra Singh Dhoni and Sachin Tendulkar, have opposed the clause and have already missed the July 31 deadline to sign the Code.
Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per cent on a range of products from semi-finished to flat and long products for the benefit of MSMEs, that have been at the receiving end.
A ministerial committee has been set up to propose a suitable legislation or amend existing penal provisions, which would make instantaneous triple talaq an offence, government functionaries said on Tuesday.
The broader 50-issue NSE Nifty too slipped from its record high, shedding 10.30 points or 0.09 per cent to end at 11,346.20.
NBFCs which have not met Sebi criteria will face tough action.
The Bill neither plans to make the Aadhar mandatory or limit its issuance to citizens.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
Janata Darty-Secular leader H D Deve Gowda on Thursday announced his party's support to UPA's Presidential candidate Pranab Mukherjee.
Over the past several weeks, the Trump administration has come out in support of India against China.
Against the backdrop of objections by some MPs, Civil Aviation Minister Ajit Singh on Tuesday strongly defended the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal, saying those opposing it were "long on politics and short on facts".
Even Delhi does not have a full-time registrar of chits.
NDA ally, the TDP continued to disrupt the both Houses of the Parliament over demand for special status to Andhra Pradesh.
Summary of sports events and persons who made news on Friday
The move is part of a larger initiative by the government to speed up work in the highway sector.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
"Unlike in UP, the governments of Punjab and Rajasthan are not denying that the girl was raped, threatening her family and blocking the course of justice. If they do, I will go there to fight for justice," he tweeted.
"When you look at our opponents in this race, you think the Chinese gave Hunter Biden $1.5 billion -- because he was a great businessman, or because they knew the Bidens could be bought, and therefore soft on China," he said.
All India Congress Committee General Secretary Rahul Gandhi today said that he was concerned over the logjam in the wake of Anna Hazare's agitation against corruption.
The meeting has been convened by Home Minister Rajnath Singh and invitations have been extended to all major political parties.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
It makes it mandatory for companies to spend on social welfare and seeks to bring in greater transparency.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
Individual should be extra careful when taking money from parents or relatives to buy a property
A proposal to set up a panel of retired judges to oversee the investigations of the Central Bureau of Investigation to insulate it from political interference is in conformity with existing legal provisions, Finance Minister P Chidambaram indicated on Friday.
IMAGE: BCCI president Anurag Thakur, right, with ICC CEO Shashank Manohar. Photograph: PTI Board of Control for Cricket in India president Anurag Thakur on Monday said in Supreme Court that he had not asked International Cricket Council's CEO Dave Richardson to state that the appointment of Justice Rajendra Mal Lodha committee would "tantamount to government interference" in the functioning of BCCI.
The Parliamentary panel examining the nuclear liability bill on Wednesday decided to seek an extension for submitting its report on the controversial legislation. The decision to seek an extension came after top Bharatiya Janata Party leaders including L K Advani, Sushma Swaraj and Arun Jaitley had a meeting with Finance Minister Pranab Mukherjee."The committee cannot hustle through the proceedings," said BJP leader Jaswant Singh.
India and China achieved a major milestone this year when their bilateral trade crossed the landmark figure of $100 billion but it did not generate any fanfare in both capitals as the two Asian giants are going through a "particularly bad patch" in their relations due to a set of actions by Beijing in violation of agreements that led to the military standoff in eastern Ladakh. Starting with a modest $1.83 billion in 2001, the bilateral trade crossed $100 billion-mark in the first 11 months this year, a significant milestone for which the two countries carried out campaigns to boost trade and build it as a major stakeholder to improve the relations between two nations, whose ties otherwise remained frosty over the festering boundary dispute and strategic rivalry. According to last month's data from China's General Administration of Customs (GAC), the India-China bilateral trade totalled $114.263 billion, up 46.4 per cent year-on-year from January to November 2021.
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
A united Opposition on Tuesday tore into an ordinance promulgated to amend land acquisition rules, calling it an "anti-farmer" move brought by "bypassing" Parliament to benefit corporate houses, a charge vehemently denied by the government.
Projects would be bid out shortly while work on them would start after acquisition of 90 per cent land
Existing units stay operational; those approved may not be notified, land could be used for other purposes
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
After the 18-member 'Assam Advisory Committee' suggested the two organisations to form a political party, a source close to the development said the new outfit will be launched within the next 10 days.
The FM has been making efforts to make the taxation laws simpler.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
