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.
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The implementation of the much-hyped Aadhaar Card scheme is in trouble following the Supreme Court's interim order on Monday, which observed that the card can be issued only to Indian nationals and the identification number cannot be made mandatory for availing of benefits of the government's subsidy schemes.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
Congress senior leaders concede that UPA could be safe in terms of numbers but that does not solve problem totally
'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'
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.
Ahead of Finance Minister Pranab Mukherjee's meeting with opposition parties on Tuesday, Bharatiya Janata Party on Saturday said there would be no dilution in its stand on a Joint Parliamentary Committee probe into the 2G spectrum scam and threatened to disrupt the budget session of Parliament if the demand was not met.
Over the past several weeks, the Trump administration has come out in support of India against China.
The placement on to grey list could hurt Pakistan's economy as well as its international standing.
"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.
The government on Monday slammed Congress leader Kamal Nath for his remarks that Lok Sabha Speaker Sumitra Mahajan's decision on the issue of grant of Leader of Opposition status could be "flavoured" by BJP, saying it is "unfortunate" as the Speaker is above party lines.
The Congress may get chairmanship of the prestigious Public Accounts of Committee but still there is no guarantee whether it will get the post of Leader of the Opposition in the Lok Sabha.
The decision marks first successful policy intervention.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
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.
The central government, in its revised draft of the constitution amendment bill, had proposed that fuel and liquor should be brought under the ambit of GST.
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.
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.
Congress insists on sending legislation to select committee, says will support it in winter session.
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.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
Summary of sports events and persons who made news on Friday
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.
The meeting has been convened by Home Minister Rajnath Singh and invitations have been extended to all major political parties.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
Every crisis throws up opportunities, and one should be resilient enough to focus on the opportunities rather than let the crisis overpower you, says Aditya Mohan Jadhav.
The Bill neither plans to make the Aadhar mandatory or limit its issuance to citizens.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
NBFCs which have not met Sebi criteria will face tough action.
NDA ally, the TDP continued to disrupt the both Houses of the Parliament over demand for special status to Andhra Pradesh.
Janata Darty-Secular leader H D Deve Gowda on Thursday announced his party's support to UPA's Presidential candidate Pranab Mukherjee.
The statue, which is across the road from the Indian Embassy, was vandalised on the intervening night of June 2 and 3, prompting the Indian embassy to register a complaint with the local law enforcement agencies. The incident happened during the week of nationwide protests against the custodial killing of Floyd in Minneapolis on May 25.
Even Delhi does not have a full-time registrar of chits.
The move is part of a larger initiative by the government to speed up work in the highway sector.
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 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.
Myanmar military television says that the military has taken control of the country for one year.
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".
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.
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