Cash remains dominant for many transactions despite continued expansion in digital payments across the country.
The Central Information Commission, which is functioning at full strength for the first time after December 2016, will need to consider 31,000 appeals and complaints. It takes more than a year for a matter to be heard by the Commission.
The Centre informed the Supreme Court that a panel led by Prime Minister Narendra Modi is likely to meet on December 10 to select and recommend names for the post of Chief Information Commissioner and information commissioners of the Central Information Commission (CIC).
Assam Chief Information Commissioner Bhaskar Jyoti Mahanta resigned after an RTI request sought data on government funds given to his brother, who is linked to the death of singer Zubeen Garg. Mahanta cited his conscience and the need to avoid suspicion as reasons for his resignation.
Clarity on Tata Sons' position on listing, as of 2025, would help define the future of the group better, irrespective of the RBI stand. As of now, the ball is in the RBI's court, and everyone is watching the space, points out Nivedita Mookerji.
Former Indian Administrative Service (IAS) officer M G Devasahayam, who was one of the signatories to the representation on the credibility of electronic voting machines (EVMs), voter-verifiable paper audit trail (VVPAT) and the vote-counting process, had filed an application with the poll panel under the Right to Information (RTI) Act, seeking details of the action taken on it.
IPOs have been the flavour of the season for some time. But the coming together of three mega IPOs, from diverse businesses and historic relevance, could tell a story that's still in the making, points out Nivedita Mookerji.
Rs 135.3 crore. How much of it was salary, and how much commission?
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
Justice Yashwant Varma issued notice on the challenge to the CIC order by the Income Tax Authority and sought the stand of the RTI applicant Girish Mittal, saying that "the matter requires consideration."
One of the key contentions raised by Kejriwal in his review plea is that contrary to Gujarat University's claim about Modi's degree being available online, no such degree is available on the university's website.
Durve argued that the word 'secret' is nowhere in the exemption clause under which information could be denied to an applicant.
Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016. The Supreme Court on Monday upheld the decision of the government on demonetisation. On November 8, 2016 Prime Minister Narendra Modi had announced demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to promote digital payments and curb black money flows.
Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. "This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues," he said.
Ahead of the meeting of the prime minister-chaired high powered panel for selection of Election Commissioners, Congress leader Adhir Ranjan Chowdhury has written to the Law Ministry seeking details of short-listed candidates along with their 'dossiers'.
The Delhi high court on Wednesday dismissed a challenge to the Central Information Commission's order dismissing an RTI appeal seeking the agenda of the Supreme Court collegium's meeting on December 12, 2018, when certain decisions were purportedly taken on elevation of judges to the apex court.
The currency in circulation (CIC) declined in the first half of this financial year and this is the first time this has happened in H1 in at least 10 years. The CIC on March 31, 2023, was Rs 33.78 trillion, which fell to Rs 33.01 trillion on September 22 -- a difference of about Rs 76,658 crore. In the first half of the last two financial years, the CIC went up by Rs 33,357 crore in FY23 and Rs 84,978 crore in FY22.
Former Intelligence Bureau chief Rajiv Mathur on Thursday took over as the new chief information commissioner in the Central Information Commission.
The situation has arisen second time since the Bharatiya Janata Party government came to power in 2014.
The central government last week named Vijai Sharma as the new chief information commissioner, a post vacant since August 2014. Sharma, an information commissioner since 2012, must know that his plate is full.
The Board of Control for Cricket in India is likely to challenge the Central Information Commission's ruling that the cricket board be brought under the Right to Information act with a top official accusing the Committee of Administrators (COA) of 'wilful negligence' in dealing with the matter.
A committee of cricketers set up ten years ago by the then Mumbai Cricket Association president Sharad Pawar to improve the game could be discontinued or converted into a technical committee.
The anti-corruption watchdog posts have been vacant for the last nine months.
The Central Information Commission (CIC) on Friday urged the Supreme Court-appointed Committee of Administrators running the Board of Control for Cricket in India to 'immediately initiate efforts' to look into the issues raised by historian Ramachandra Guha in his resignation letter.
It has granted states and the Centre three weeks to furnish the information, and posted the plea filed by RTI activist Anjali Bhardwaj for hearing after that.
"This decision was taken at the recent Apex Council meeting and it will be the same like the way BCCI has it. The modalities will be worked out by the Association's Cricket Improvement Committee (CIC)," a senior MCA official said.
The disclosure of files provided by India's second army chief General Sir Roy Bucher to Nehru Memorial Museum and Library about Jammu and Kashmir related to the period of 1947-49, which may throw light on Accession, is in 'national interest,' the central information commission has observed in an order.
Pawar's comments were at variance from ally Shiv Sena-UBT, whose leader Sanjay Raut had said PM Modi should come forward to inform about his academic qualification and that his degree should be displayed at the entrance of the Parliament building.
Last year, there was no convention because the government had not appointed any chief information commissioner, who happens to be administrative head of the commission and oversees preparations of the function.
The matter came up before Justice Subramonium Prasad who listed it for hearing on October 16.
"Gandhi's disqualification is illegal and the case is also bogus. I am sure that a higher court in Gujarat will do justice to Gandhi," said Raut, whose party is an ally of the Congress in Maharashtra.
The priority of Central Information Commission will be to check vexatious petitions and mounting backlog of cases, its new chief Vijai Sharma said in New Delhi on Wednesday.
It may be a 'no-go' for banking licences to large industrial houses.
"If there is a valid degree of Modi, why Gujarat University is not showing it," Kejriwal asked.
'That's the beauty of Mumbai cricket. Nobody interferes with the running of the cricket, only the cricketers are allowed to run the cricket.'
The Delhi high court on Wednesday dismissed an appeal challenging a single judge's order quashing a plea seeking the agenda of the Supreme Court collegium's meeting on December 12, 2018, when certain decisions were purportedly taken on the elevation of judges to the apex court.
As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry.
With tags of 'patriots' and 'anti-nationals' being at the centre of debate, the Central Information Commission has asked the home ministry to make public the list of people who are facing sedition charges for indulging in alleged anti-national activities.
Theoretically, the currency with the public should expand in sync with the nominal income, which again moves in relation to the nominal growth rate of the economy. But the correlation breaks easily when other factors come into play, says Anup Roy.
The IAF plea has claimed that the 'information so sought includes details related to the entire entourage, names of Special Protection Group personnel accompanying the Prime Minister of India on foreign tours for his personal safety, and the same, if disclosed, can potentially affect the sovereignty and integrity of India, the security, strategic, scientific or economic interests of the State'.
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