The CAA was enacted in December 2019 for granting Indian nationality to persecuted non-Muslim migrants from Bangladesh, Pakistan and Afghanistan who came to India on or before December 31, 2014. These include Hindus, Sikhs, Jains, Buddhists, Parsis and Christians.
The NCLAT has set aside a petition filed by the state tax department claiming dues from Reliance Communications (RCom) observing that it was based on the assessment made after the initiation of insolvency resolution process against the debt-ridden firm. A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the state tax department's second claim of Rs 6.10 crore. Corporate Insolvency Resolution Process (CIRP) against RCom was initiated on June 22, 2019. The state tax department had filed two claims.
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
This second tranche of citizenship certificates were issued on Wednesday, days before the final phase of voting for Lok Sabha polls on June 1.
'It has remained around 38 per cent over the past four to five quarters.'
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
De-centralised execution should drive the operational concept and support military strategy, under a unified command architecture. Enablers and technology need to be positioned first for such an activity to be undertaken, recommends Lieutenant General Anil Chait (retd).
The waiting period can be stressful but there are some ethical and legal guidelines that must be followed during the admissions process. Here's a look at them.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
After reports claimed that filings in patent offices in India, the US, and Europe did not mention ICMR or its scientists, but only BBIL and its scientists, the Hyderabad-based biotechnology (biotech) company clarified that in the "rush" to develop vaccines and file appropriate patents, BBIL had missed adding ICMR's name in the original filings.
The Supreme Court granted regular bail to former TMC youth leader Kuntal Ghosh in a corruption case linked to the West Bengal primary school recruitment scam. Ghosh, who has been in custody for 19 months, will be released from jail after being granted bail in the money laundering case linked to the scam on November 20. The court said it was not likely that the trial would be completed in the foreseeable near future.
Justice Rohit Rajan Agarwal made the observation while rejecting the bail application of one Kailash, who is accused of being involved in the religious conversion of several people from a village here.
The top court granted the relief to the accused noting that he was in custody since May 21, 2023, and the charge sheet has been submitted on July 19, 2023.
The registration process for CAT 2024 will begin 10 am onwards on August 1.
Jammu and Kashmir Chief Minister Omar Abdullah has expressed concerns about the Congress party's leadership role within the INDIA bloc, raising questions about their ability to justify their position. Abdullah highlighted a sense of disquiet among some allies, who feel the Congress isn't doing enough to earn its leadership position. While praising Sonia Gandhi's leadership, he also criticized the alliance's lack of consistent engagement and called for more structured communication to address potential disagreements. Abdullah's comments suggest underlying tensions within the opposition alliance, particularly regarding the Congress's electoral performance and seat distribution strategies.
Pankaj Malhotra, Immigration New Zealand's (New Delhi) former visa officer, on issues that affect Indian students heading to NZ.
The Supreme Court on Wednesday issued pan-India guidelines on demolition of properties and said affected people need to be given some time to challenge demolition orders before an appropriate forum.
Lok Sabha polls held over 5 phases so why hold assembly elections in single phase, asks Oppn.
'The government does not want to be transparent or accountable. Therefore, they do not want to appoint information commissioners.'
Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).
Equating 'bulldozer justice' with a lawless state of affairs where might is right, the Supreme Court on Wednesday laid down pan-India guidelines and said no property should be demolished without a prior show cause notice and the affected must be given 15 days to respond.
In a bid to expedite the processing of initial public offerings (IPOs), the markets regulator will now seek additional information from lead managers (LMs) when they file draft documents. Last week, the Securities and Exchange Board of India (Sebi) sent a letter to bankers, listing over two dozens of new disclosure requirements. The average time Sebi takes to clear the draft red herring prospectus (DRHP) - a document companies must file before accessing public funds - has dropped to less than three months in 2024 (until May 31).
French energy giant TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. The energy giant said it was not aware of the investigation into the alleged corruption. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL).
In June, President Joe Biden issued a massive immigration relief to non-citizens offering a path to citizenship to the non-citizen spouses and children of American nationals.
In a bid to capitalise on its underwater resources, the Indian government has introduced new rules for auctioning offshore mineral assets, aiming to ensure a transparent and competitive process. While these rules feature stringent eligibility criteria, they also simplify the awarding process. This move comes in the wake of the less-than-expected interest in critical mineral auctions.
While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.
'It is the responsibility of industry to take the very bright talent whose knowledge of software engineering basics is very high, and then give them additional skills.'
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
Sections of our media and elites take Western reports/judgements at face value and are ready to condemn the targets without understanding the deeper power linkages behind such actions, asserts Colonel Anil A Athale (Retd).
The Lucknow bench of the court said the persons concerned may file their responses to the notices within 15 days and directed the state authorities to consider the said replies and a pass reasoned order on those.
The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant payment system through mobile phones. A limit of Rs 500 per transaction and an overall limit of Rs 2,000 per UPI Lite wallet, is presently applicable, with the facility of auto-replenishment. Unveiling the October bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das also said the per-transaction limit in UPI123Pay will be enhanced to Rs 10,000 from the current Rs 5,000.
The bench said the report submitted by the special judge indicates that he has 29 cases with him. In many cases, the trial has begun while in many others the trial is yet to begin.
The BCCI has decided to extend the use of its sophisticated Athlete Monitoring System (AMS) to state associations, helping players find their peak performance.
'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'
India's second largest IT services company Infosys has been slapped with a 'pre-show cause' notice for alleged GST evasion to the tune of about Rs 32,403 crore. In a BSE filing, the Bengaluru headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of Rs 32,403 crores for the period July 2017 to March 2022, towards the expenses incurred by overseas branch offices of Infosys Ltd, and added that the company has responded to the pre-show cause notice.
On India, while appreciating the measures adopted by it to address discrimination, the Committee expressed concern about alleged discrimination and violence against minority groups, including religious minorities, such as Muslims, Christians, and Sikhs, "scheduled castes" and "scheduled tribes", and LGBTI people.
In March, the United Kingdom's then sports minister Lucy Frazer called on sporting bodies in the country to reassess their rules on transgender athletes competing in women's sports to ensure fairness.
Some of the proposed policies have been welcomed by pilots and cabin crew, while others have sparked criticism.
He could have blazed a trail that few Indian judges had. It was a missed opportunity of a lifetime, notes Ramesh Menon.
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