News for 'non-compliance'

Will create chaos: SC refuses to stay appointment of new election commissioners

Will create chaos: SC refuses to stay appointment of new election commissioners

Rediff.com21 Mar 2024

The bench said it was not questioning the credentials of the election commissioners appointed but the procedure.

Why India is worried about EU's draft due diligence law

Why India is worried about EU's draft due diligence law

Rediff.com6 Jul 2023

It aims at tackling issues such as child labour, mistreatment of workers, and denial of basic wages, among others. There will also be penalties for non-compliance.

Controversy at Asian Games: Politics on podium

Controversy at Asian Games: Politics on podium

Rediff.com25 Sep 2023

North Korean shooters snub South Koreans on podium

India's Startup Scorecard

India's Startup Scorecard

Rediff.com2 Apr 2024

For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.

Kejriwal wins trust vote, says no AAP MLA has defected

Kejriwal wins trust vote, says no AAP MLA has defected

Rediff.com17 Feb 2024

Kejriwal, who is also the national convener of the AAP, won the confidence motion with the support of 54 MLAs and said no legislator of his party defected.

Google begins reinstating Indian apps after govt intervention

Google begins reinstating Indian apps after govt intervention

Rediff.com6 Mar 2024

Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.

Byju's EGM gets underway; investors file suit in NCLT

Byju's EGM gets underway; investors file suit in NCLT

Rediff.com23 Feb 2024

An Extraordinary General Meeting (EGM) of Byju's shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged "mismanagement and failures". Raveendran and his family stayed away from the EGM, calling it "procedurally invalid."

Deepfakes And The Threat To 2024 Elections

Deepfakes And The Threat To 2024 Elections

Rediff.com11 Mar 2024

If left unchecked, the 2024 elections may be infamously remembered as the election of deepfakes. The ECI has a tough task ahead, but, more importantly, it has an opportunity to become a global model for scores of countries going to polls this year, notes Ajay Kumar.

Assam scraps Muslim marriages act; discriminatory, says Oppn

Assam scraps Muslim marriages act; discriminatory, says Oppn

Rediff.com24 Feb 2024

The decision to repeal the Act was taken at a late-night cabinet meeting on Friday as it is an obsolete pre-Independence Act of the British for the then province of Assam, the CM said.

RBI fines Kotak Mahindra Bank, IndusInd Bank

RBI fines Kotak Mahindra Bank, IndusInd Bank

Rediff.com4 Jul 2022

The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. Besides, the RBI has also imposed penalties on four co-operative banks. A penalty of Rs 1.05 crore has been imposed on Kotak Mahindra Bank for contravention of certain norms related to 'The Depositor Education and Awareness Fund Scheme, 2014' and for non-compliance with the directions on 'Customer Protection - Limiting Liability of Customers in Unauthorised Electronic Banking Transactions', and 'Loans and Advances - Statutory and Other Restrictions', the banking regulator said.

Will Paytm Curbs Affect Users?

Will Paytm Curbs Affect Users?

Rediff.com23 Feb 2024

Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.

Cauvery issue: Siddaramaiah to meet MPs, ministers in Delhi

Cauvery issue: Siddaramaiah to meet MPs, ministers in Delhi

Rediff.com19 Sep 2023

Several stalled developmental projects and those waiting Centre's clearances are likely to come up for discussion at the meeting, during which the chief minister is likely to urge the Union ministers and MPs from the state to use their good offices for intervention of the Prime Minister Narendra Modi and the Government of India on the Cauvery issue.

HC junks Twitter's plea against govt's account blocking orders

HC junks Twitter's plea against govt's account blocking orders

Rediff.com1 Jul 2023

The single-judge bench of Justice Krishna S Dixit which dictated the operative portion of the judgement also imposed a cost of Rs 50 lakh on Twitter and ordered it to be paid to the Karnataka State Legal Services Authority within 45 days.

Regulatory framework for large unlisted firms by MCA in the works

Regulatory framework for large unlisted firms by MCA in the works

Rediff.com4 Oct 2023

The ministry is of the opinion that there is a need for a rigorous regime for large unlisted companies, in contrast with the current "light-touch" regulation. "There is a defined regime for listed companies, by the Securities and Exchange Board of India (Sebi). "There is a view in the ministry that it needs to look at a framework for large unlisted companies," the senior official said.

Robert Vadra in violation of bail conditions, ED tells court

Robert Vadra in violation of bail conditions, ED tells court

Rediff.com16 Aug 2023

The Enforcement Directorate (ED) on Wednesday challenged the anticipatory bail granted to Robert Vadra, the son-in-law of former Congress president Sonia Gandhi, in a money laundering case, claiming non-compliance with bail conditions.

168,491 Lives Lost In Road Mishaps

168,491 Lives Lost In Road Mishaps

Rediff.com13 Nov 2023

33 per cent of all road accidents and 35 per cent of fatal accidents took place on national highways and expressways.

RBI fines Axis, IDBI Bank for various violations

RBI fines Axis, IDBI Bank for various violations

Rediff.com8 Apr 2022

Reserve Bank of India on Friday said it has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. The central bank has also slapped a fine of Rs 90 lakh on IDBI Bank. A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release.

GST collections rise to Rs 1.65 lakh cr in July

GST collections rise to Rs 1.65 lakh cr in July

Rediff.com1 Aug 2023

GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a result of anti-evasion measures and higher consumer spending. This is the fifth time since the rollout of the Goods and Services Tax (GST) regime that monthly collections have crossed the Rs 1.60 lakh crore mark -- making it the new normal. "Gross GST revenue collected in July is Rs 1,65,105 crore of which CGST is Rs 29,773 crore, SGST is Rs 37,623 crore, IGST is Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess is Rs 11,779 crore (including Rs 840 crore collected on import of goods)," the finance ministry said in a statement.

'Even children knew accounts will be blocked': Tikait backs Dorsey's claims

'Even children knew accounts will be blocked': Tikait backs Dorsey's claims

Rediff.com13 Jun 2023

Tikait told reporters that there was "pressure" from government to minimise the reach of farmers.

No functional CCTV, no liquor licence for hotels, clubs, warns Delhi excise

No functional CCTV, no liquor licence for hotels, clubs, warns Delhi excise

Rediff.com6 Jun 2023

Instances of non-functional CCTV cameras installed at some clubs, hotels and restaurants have come to the notice of the department's enforcement branch during inspections, they said.

HC summons civic chiefs of Bombay, 4 other cities, over potholes

HC summons civic chiefs of Bombay, 4 other cities, over potholes

Rediff.com9 Aug 2023

The Bombay high court on Wednesday summoned the civic chiefs of Mumbai and five other municipal corporations to court on Friday for not complying with its directions to keep roads and footpaths pothole-free.

Centre pushes for faster admission of corporate insolvency cases at NCLT

Centre pushes for faster admission of corporate insolvency cases at NCLT

Rediff.com21 Aug 2023

Benches of the National Company Law Tribunal (NCLT) should not get into questioning a company's default once it is established by the creditors, particularly financial creditors, for admission to the corporate insolvency process. This is one of the key themes of the draft guidelines for the NCLT, which are being finalised by the Ministry of Corporate Affairs (MCA), a senior official said. According to the official, while the company law matters could involve the "principle of natural justice" and justify extended proceedings to hear all parties concerned, the same does not apply to the Insolvency and Bankruptcy Code (IBC) proceedings.

Twitter turned rogue during 2020-22: BJP amid row

Twitter turned rogue during 2020-22: BJP amid row

Rediff.com13 Jun 2023

Amit Malviya said Twitter was in violation of India laws for an extended period (between 2020-2022).

PM is afraid because crores...: Cong on Dorsey's claim

PM is afraid because crores...: Cong on Dorsey's claim

Rediff.com13 Jun 2023

The Centre has rubbished the charges, saying Dorsey's Twitter regime had a problem accepting the sovereignty of Indian law.

Colocation case: NSE receives Rs 300 crore from Sebi

Colocation case: NSE receives Rs 300 crore from Sebi

Rediff.com24 May 2023

The National Stock Exchange (NSE) has received Rs 300 crore from the Securities and Exchange Board of India (Sebi) following relief from the Supreme Court (SC), which is hearing an appeal by the market regulator in the colocation case. The court on March 20 asked Sebi to return Rs 300 crore to the NSE from the Rs 1,107 crore the exchange had deposited as part of the disgorgement in the case. The NSE had given an undertaking that it will return the entire amount to Sebi if the latter wins its appeal before the SC.

Why Auditors Quitting Big Clients Is Complicated

Why Auditors Quitting Big Clients Is Complicated

Rediff.com18 Sep 2023

Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.

New uniform in Lakshadweep schools: Cong warns of protests

New uniform in Lakshadweep schools: Cong warns of protests

Rediff.com12 Aug 2023

The leader also said the Congress would also intensify its protests against the Lakshadweep administration's move to permit liquor outlets in the archipelago.

Allow hybrid mode hearings, technology not judges' choice, SC tells HCs

Allow hybrid mode hearings, technology not judges' choice, SC tells HCs

Rediff.com6 Oct 2023

The top court drew parallel between driving and technology and said if one doesn't know how to handle technology then he or she can't be a judge and questioned the approach of some of the high courts.

Dorsey, govt in tweetstorm over Twitter ex-CEO's armtwisting charge

Dorsey, govt in tweetstorm over Twitter ex-CEO's armtwisting charge

Rediff.com13 Jun 2023

Union minister Rajeev Chandrashekar on Tuesday rejected Dorsey's claim, calling it an "outright lie" and "an attempt to brush out that very dubious period" of firm's history.

Jio slams Airtel for 'maligning' its tariff policy

Jio slams Airtel for 'maligning' its tariff policy

Rediff.com20 Apr 2023

Reliance Jio Infocomm (RJIL) has written to the Telecom Regulatory Authority of India (Trai) stating that a recent complaint against it by Bharti Airtel is a deliberate, malicious attempt at defaming RJIL's consumer-friendly tariff. RJIL has also asked the regulator to warn Airtel against 'making such frivolous complaints in the future'. The move is in response to Airtel recently requesting Trai to bring content aired through broadband under the regulatory fold and keep a check against discriminatory bundling tactics.

India Inc may feel heat of new governance norms, higher compliance

India Inc may feel heat of new governance norms, higher compliance

Rediff.com30 Jun 2023

India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India's (Sebi's) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers. Recently, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures. The new framework will further empower public shareholders and soon move towards a 'comply or be penalised regime or comply or explain' in the case of high-value debt-listed entities.

Pakistan blocks Wikipedia over blasphemous content

Pakistan blocks Wikipedia over blasphemous content

Rediff.com4 Feb 2023

The blacklisting of Wikipedia comes days after the Pakistan Telecom Authority (PTA) degraded Wikipedia services for 48 hours, threatening to block it if the content deemed 'blasphemous' was not deleted.

Install CCTVs in police stations within a month: SC to Centre, States

Install CCTVs in police stations within a month: SC to Centre, States

Rediff.com22 Feb 2023

The top court had in 2020 directed installation of CCTV cameras and recording equipment at the offices of investigating agencies, including the Central Bureau of Investigation, the Enforcement Directorate and National Investigation Agency, which conduct interrogations and have the power of arrest.

SC tells TN minister habeas corpus plea only for illegal detention

SC tells TN minister habeas corpus plea only for illegal detention

Rediff.com7 Aug 2023

The Supreme Court on Monday dismissed pleas of Tamil Nadu minister V Senthil Balaji and his wife Megala challenging the Madras high court order upholding his arrest in a money laundering case.

SC flags bias in educational institutions, asks UGC to end it

SC flags bias in educational institutions, asks UGC to end it

Rediff.com6 Jul 2023

A bench of Justices AS Bopanna and MM Sundresh asked the UGC to furnish the details of steps taken on a plea by the mothers of Rohith Vemula and Payal Tadvi.

'The real GDP was captured better'

'The real GDP was captured better'

Rediff.com1 Dec 2023

'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'

Inside India's new Digital Personal Data Protection framework

Inside India's new Digital Personal Data Protection framework

Rediff.com13 Aug 2023

A new law that defines how companies should process users' data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.

Deadline for periodic KYC update extended till March 31

Deadline for periodic KYC update extended till March 31

Rediff.com30 Dec 2021

The Reserve Bank of India (RBI) has extended the last date for periodic KYC update till March 31, amid Omicron uncertainties and has advised banks and other regulated entities not to take restrictive action against customers till the fiscal end. Earlier in May, the RBI had extended the last date for updation of KYC by regulated entities till December-end because of the second wave of the coronavirus pandemic.

Indian start-ups may take legal route against Google in-app billing

Indian start-ups may take legal route against Google in-app billing

Rediff.com10 Apr 2023

Scrutiny of Google's code of conduct in the Indian Android ecosystem is far from over with several start-ups preparing to appeal against the company's revised policies of service fee on in-app purchases and subscriptions, according to sources in the know. This comes days after the National Company Law Appellate Tribunal (NCLAT) granted partial relief to the tech giant, reversing four of the 10 key non-monetary directives that would have forced Google to allow uninstalling of its pre-installed apps on Android devices. Paytm, BharatMatrimony, and ShareChat are among the start-ups that are likely to file grievances against the tech major for alleged non-compliance with the Competition Commission of India's (CCI's) cease-and-desist order on Play Store policies.

Only 41% of EVs FAME II scheme target achieved

Only 41% of EVs FAME II scheme target achieved

Rediff.com8 Jun 2023

As the government plans no further extension of the scheme beyond FY24, the task is to achieve the unfinished target of subsidising 914,707 EVs.