The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.
The Supreme Court on Tuesday asked the Maharashtra government to apprise it about whether compensation has been paid to the legal heirs of 168 people, who were stated to have gone missing during the 1992-93 communal riots in Mumbai.
The Goods and Services Tax (GST) Council, scheduled to meet on June 22, could take a call on ending uncertainty on taxing foreign airlines and shippers as regards certain services, a senior official in the know told Business Standard. He said the Council was expected to decide on exempting the services in question from GST - aircraft lease rentals, maintenance, crew salaries, etc. These services are provided by foreign airlines to their Indian operations.
The highest-ever goods and services tax (GST) evasion has been done by the online money gaming industry.
Papalpreet Singh, the mentor of absconding Waris Punjab De (WPD) chief Amritpal Singh who was caught by the police in Amritsar district, was brought to Dibrugarh in Assam, over 2500 km away from the northern state, and lodged in the central jail along with seven others of the pro-Khalistan outfit on Tuesday.
In the backdrop of the brutal Delhi gang rape, a court in Pulwama district of Jammu and Kashmir has passed wide ranging instructions to the district administration, police and transporters to prevent violence and harassment against women
Two days after violence broke out during a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh, life is gradually returning to normal with schools reopening and shops resuming operations. Internet services remain suspended and authorities continue to monitor the situation closely with restrictions in place on entry of outsiders and public representatives. The area around the Shahi Jama Masjid remains deserted, while the police investigate the violence and make arrests.
The Delhi services bill was passed in the Rajya Sabha on Monday with 131 MPs voting in its favour and helping the government complete the parliamentary procedure for the proposed legislation that saw the opposition parties join ranks.
The Supreme Court on Thursday agreed to hear in March a plea seeking direction to the government to release Rohingya refugees who have been 'illegally and arbitrarily' detained in jails and detention centres across the country.
Once identified, these individuals are drawn into private groups where they are exposed to manipulative content, including fabricated videos depicting atrocities allegedly committed by security forces, the officials said.
A Division Bench, comprising Chief Justice S Manikumar and Justice Shaji P Chaly dismissed an appeal filed against a single judge order junking a plea seeking removal of the Prime Minister's photo from the COVID-19 vaccination certificates.
About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
The high court said the psychological impact on a POCSO case victim being present in court during the arguments is grave.
The cross-sectional survey was conducted among 1,566 healthcare workers from diverse medical institutions across India using a pre-tested, self-administered online questionnaire, which assessed various dimensions of workplace safety.
The action came after a 'jatha' of 101 farmers, who resumed their foot march to Delhi shortly after 12 noon on Saturday from the Shambhu protest site on the Punjab-Haryana border, reached the barricades put up by the Haryana security personnel.
Three cases have been registered against him after a huge cache of leaked videos purportedly showing several women being sexually abused by Prajwal.
The court said that in the instant case the investigating officer adopted a "lethargic attitude" throughout the investigation.
The Telecom Regulatory Authority of India's (Trai's) latest push to review its existing spam regulations and expand the definition of "commercial communications" is driven by an urgent need to tighten controls on autodialers or robocallers, and bulk messaging, according to official sources. This move, they said, comes in response to a surge in complaints against unregistered telemarketers (UTMs), which soared to 750,000 in just the first half of 2024, underscoring the necessity for a comprehensive overhaul of the government's anti-spam measures. Last week, Trai released a consultation paper aimed at revisiting the Telecom Commercial Communications Customer Preference Regulations, 2018 (TCCCPR-2018), the government's legal framework against spam.
Taking note of pitiable condition of widows in Virandavan of Uttar Pradesh, the Supreme Court on Wednesday appointed a seven-member panel to collect data on their socio-economic conditions.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The specter of how the Munambam issue was exploited during the November by-elections is proof of the price Kerala is paying for its emergent politics. Controversies become the stuff of slow-burn and brinkmanship. The former promises mileage; the latter searches for an advantage, notes Shyam G Menon.
The documents submitted to the Constitutional Court clarify the error, with authorities now acknowledging that Pistorius had completed half his sentence by March 21. These documents were presented on behalf of South Africa's minister of justice, the commissioner of the corrections department, and parole and prison authorities by a senior parole board official.
The number of undertrials is at a historic high and comes at a time when vacancies in the judiciary -- across the lower courts, high courts, and the Supreme Court -- remain high.
As we brace for unprecedented rates of urbanisation, it is crucial to ensure that illegal constructions and unauthorised land use are curbed, asserts Amit Kapoor.
Hasina was set to travel to London from India but is now contemplating other options after the British government indicated she may not get legal protection in the UK against any possible investigation, they said.
The protests by resident doctors at government hospitals in several states across the country ended on Thursday as major doctors' bodies called off their 11-day strike over the rape-murder of a trainee medic in Kolkata after the Supreme Court made an appeal to them to resume work.
Telecom service providers (TSPs) have begun to monitor and prevent spam calls since May 1, with the help of an artificial intelligence and machine language-based system acting on the Telecom Regulatory Authority of India's (Trai) latest directive on the matter, its officials told Business Standard. Touted as the first big technological measure against the growing menace of unsolicited commercial communications, all TSPs have confirmed to Trai that they have rolled out the AI/ML tool. The filter system works on the distributed ledger technology (DLT) platform used by TSPs, and is set to go for incremental updates, rules for which will soon be released, they added.
The Supreme Court said that there can be no justification to paralyse the "administration of justice".
The Bar Council of India refused to cancel the strike saying there is no time to inform all constituents.
"The government has cleared seven names out of the 106 judges and one out of the nine for chief justices, so far. I expect that the government will clear the rest of the names very soon. These appointments will take care of pendency to some extent. I seek the cooperation and support of the Government to enable access to justice and to strengthen democracy," CJI N V Ramana said.
From the time he first rose to prominence during the movement against the then UPA government, Arvind Kejriwal has regularly grabbed headlines for his surprise moves and decisions. Here are 10 such instances.
A Kashmiri Pandit himself, Kaul feels, it is time now for the people to move forward, after more than 30 years of unbridled violence.
To facilitate the appeals, 200 new FTs will be functional from Monday, in addition to 100 already existing.
Chief Justice of India N V Ramana on Thursday set in motion the process of appointment of his successor by recommending the name of Justice Uday Umesh Lalit, the most senior judge, to the Centre.
The Supreme Court is scheduled to hear on May 8 a plea challenging the promotion of 68 Gujarat lower judicial officers, including Surat Chief Judicial Magistrate Harish Hasmukhbhai Varma who had convicted Congress leader Rahul Gandhi in a defamation case, on the ground of allegedly disregarding the 'merit-cum-seniority principle'.
As the probe intensified in the Aam Aadmi Party MP Swati Maliwal assault case, as per sources Delhi Police Forensic Science Laboratory team reached Chief Minister Arvind Kejriwal's residence and collected a dump of CCTV cameras.
'A rigid or overly broad interpretation could lead to a chilling effect on investments and growth in sectors traditionally driven by private initiative.' 'Entrepreneurs may fear that their assets could be arbitrarily appropriated by the State under the guise of serving the 'common good' without sufficient legal safeguards.' 'The judgment thus supports a more nuanced view, one that balances individual property rights with public welfare objectives.'
The Congress on Sunday called for fixing accountability over the death of three IAS aspirants due to waterlogging in a building in Delhi with Rahul Gandhi asserting that common people are paying the price for irresponsibility of institutions at every level.
In her plea, the victim claimed that a mere reading of the inquiry report with regard to the illegal access of the devices indicates that the authority carrying out the probe "never conducted a fair, free and complete" investigation as directed by the high court.
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