UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
Experts say the state's economy is grappling with hidden debt, rising welfare costs, and lack of transparency.
The Supreme Court on Monday directed uniform pension benefits for all retired high court judges, irrespective of their mode of appointment or tenure, saying "one rank one pension has to be the norm in respect of a constitutional office".
'That way you're not hostage just to US sort of exports to India.'
The Supreme Court of India has agreed to hear on May 6 the pleas of the Kerala government against the governor over the delay in approving bills passed by the state assembly. The court will consider whether the issues raised in the Kerala petition are covered by a recent judgment on a similar plea by Tamil Nadu, which set timelines for governors and the President on granting assent to bills.
The next Census' findings will help identify the extent of India's ageing population and vulnerability levels.
The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.
A CoBRA commando of the CRPF, who was fatally shot by a Maoist sniper while establishing a new base in Chhattisgarh, was posthumously awarded the Shaurya Chakra, India's third highest peacetime gallantry medal. Constable Pawan Kumar and Constable Devan C, both from the 201 CoBRA battalion, were recognized for their bravery and courage in the face of a Naxal attack. In addition to the two posthumous awards, five other CRPF personnel received the Shaurya Chakra for their roles in two separate operations against Naxals.
The Karnataka cabinet has approved a bill mandating 100 per cent reservation for Kannadigas in private firms for Group C and Group D posts, Chief Minister Siddaramaiah said on Tuesday.
A Governor does not possess any discretion in exercise of functions under Article 200 of the Constitution in respect to any bill presented to them and must mandatorily abide by the advice tendered by the council of ministers, the Supreme Court has held.
The Supreme Court referred to a larger bench the legal issues stemming from a plea of BJP leader B S Yediyurappa, including the question whether a prior sanction to prosecute is needed under the Prevention of Corruption Act after a magisterial court order of inquiry. The questions revolve around the interplay between the provisions of the Prevention of Corruption Act and the Code of Criminal Procedure on the issue of prior sanction to prosecute a public servant.
The Supreme Court on Monday termed as 'unusual' the Delhi high court's decision of reserving the order while granting interim stay on the operation of the trial court's order granting bail to Delhi Chief Minister Arvind Kejriwal in a money laundering case linked to the alleged excise scam.
'I'm not dismissing the anger that drives people to stomp on the enemy's flag. 'In times of collective grief and rage, that kind of expression is understandable, especially in the age of viral content. 'But must I do it too?' asks Nikhil Narayanan.
Tamil Nadu Chief Minister M K Stalin has welcomed the Supreme Court's ruling that state governors must give assent to bills passed by state assemblies, calling it a 'historic' victory for all state governments in India. The court's decision came after the Governor of Tamil Nadu, R N Ravi, withheld assent to several bills passed by the state legislature. The court found that the governor's actions were in violation of the Indian Constitution, which mandates that governors must act on the advice of the council of ministers. The ruling is seen as a significant step towards strengthening the federal structure of India.
Maharashtra Chief Minister Eknath Shinde on Wednesday said the all-party meeting held earlier in the day decided that reservation should be given to the Maratha community without tampering with the existing quotas of other communities in the state.
'A director's actor, if I had told her to jump from a building, she would probably have.' 'But I only told her to jump off a running train...'
Capital markets regulator Sebi on Thursday barred JM Financial Ltd from taking new mandate for acting as a lead manager for any public issue of debt securities, for indulging in unfair trade practices. However, in case of existing mandates, JM Financial can continue to act as a lead manager for public issue of debt securities for a period of 60 days, Sebi said in its interim order.
President Droupadi Murmu has exercised powers under Article 143(1) used in rarity to know from the Supreme Court whether timelines could be imposed by judicial orders for exercise of discretion by President while dealing with the bills passed by state assemblies.
Will Russia's entry deter Trump on his warpath?, asks Ambassador M K Bhadrakumar.
Delhi University (DU) has informed the Delhi High Court that it is willing to show its records on Prime Minister Narendra Modi's degree to the court, but not disclose it to "strangers" under the Right to Information (RTI) Act. The university's solicitor general, Tushar Mehta, argued that the "right to privacy" superseded the "right to know" in this case, and that allowing disclosure would expose the university to RTI applications for information about lakhs of its students. The court has reserved its verdict on the matter.
A 19-year-old Pune student, arrested for a social media post concerning Indo-Pak hostilities, has been released from jail after the Bombay high court granted her bail while rebuking the Maharashtra government for "ruining her life" and turning her into a "hardcore criminal".
Rajya Sabha member Kapil Sibal has criticised Vice President Jagdeep Dhankhar for questioning the judiciary over the timeline for the president to take decisions, calling it "unconstitutional " and a lowering of the dignity of the chair. Sibal asserted that Dhankhar's remarks are not neutral and amount to an attack on the judiciary by the executive. He also pointed out that the president acts on the aid and advice of the council of ministers, and therefore, the president's power cannot be curtailed. Sibal urged Dhankhar to seek a review of the judiciary's decision or an advisory opinion from the Supreme Court if he has problems with it. He also questioned why Dhankhar only focuses on actions taken during Congress governments and not after 2014.
Special NIA court judge AK Lahoti, conducting trial in the 2008 Malegaon blast case, has been transferred to Nashik just days before the court was likely to reserve the matter for judgement. The transfer order, issued by the registrar general of the Bombay High Court, will come into effect on June 9. The order directs the judge to finish judgments in all cases where hearing has concluded and to dispose of part-heard cases before handing over charge. In the last hearing on Saturday, judge Lahoti directed the prosecution and defense to wrap up the remaining arguments by April 15 and was expected to reserve the matter for judgement the following day, a defense lawyer said.
Investigation into the murder of a 32 year-old man in Bantwal taluk of Dakshina Kannada district has intensified with police detaining three suspects, official sources said on Wednesday.
Government employees in Bangladesh locked down the main gate of the Bangladesh Secretariat in Dhaka, protesting a new service law that allows for easier dismissal of officials for misconduct. The protest, which lasted for about half an hour, disrupted government operations. The employees also threatened to continue their protests until the ordinance was scrapped. Meanwhile, the protest by employees of the Dhaka South City Corporation, demanding the installation of BNP leader Ishraque Hossain as its mayor, has brought administrative services to a halt. These protests, coupled with concerns raised by the business community and the military, highlight a growing sense of unease in Bangladesh over the policies of the interim government.
Vice President Jagdeep Dhankhar on Thursday questioned the judiciary setting a timeline for the President to take decisions and act as a "super Parliament", saying the Supreme Court cannot fire a "nuclear missile" at democratic forces.
The Bharatiya Janata Party government in Gujarat on Friday passed a bill in the assembly that earmarks 27 per cent seats in local bodies like panchayats, municipalities and civic corporations for Other Backward Classes.
RJD president Lalu Prasad has expelled his elder son, Tej Pratap Yadav, from the party for six years for "irresponsible behavior" and snapped all family ties with him. The decision comes after a viral Facebook post claimed that Yadav, a former Bihar minister, was "in a relationship" with a young woman.
Caste census politics took centre stage on Thursday with the Congress terming the government's decision as a 'diversionary tactic' and a move for headlines management and the Bharatiya Janata Party saying it has exposed the difference between the Centre's 'true intentions' and the 'empty sloganeering' of the opposition party.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Moody's Ratings on Tuesday cut India's GDP growth projections for 2025 to 6.3 per cent, from 6.5 per cent, saying economies globally will see a slowdown on account of heightened US policy uncertainty and trade restrictions.
A strong demand was made in the Lok Sabha to eliminate online betting and gambling applications. YSRCP member Maddila Gurumoorthy urged the government to set up a dedicated task force to take action against betting and gambling apps. He also asked the government to draft regulations for such applications and launch awareness campaigns about the dangers of online betting. Other issues raised included deposit insurance coverage for bank depositors, representation of Scheduled Castes in the Kerala government, challenges faced by nurses, and the need for paramilitary forces in Jharkhand during upcoming Hindu festivals.
In the three decades since reservation of seats for women in panchayati raj institutions was introduced, the country saw women dismantling gender barriers to take the lead in the political field at the grassroots level and excel in it.
The Supreme Court of India has ruled that governors cannot indefinitely delay giving assent to bills passed by state legislatures, setting a timeline of one to three months for their actions. The court said the governor must act "as soon as possible" and that failure to comply with the timeline will make their inaction subject to judicial review. The ruling comes as several opposition-ruled states have accused governors of delaying assent to bills passed by their assemblies.
IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect, taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank.
Jaiswal has featured in just one Ranji Trophy match this season, scoring 4 and 26 in Mumbai's group-stage loss to Jammu and Kashmir.
Census exercise with caste enumeration will be carried out with the reference date of October 1, 2026, in snow-bound areas like Ladakh and of March 1, 2027, in the rest of the country, the Home Ministry announced on Wednesday.
The Enforcement Directorate (ED) has seized Rs 1.5 crore in cash from the premises of a chit fund company owned by Gokulam Gopalan, one of the producers of the Malayalam movie "L2: Empuraan", in connection with foreign exchange law violations. The searches were conducted at locations in Kozhikode, Kerala and Chennai, Tamil Nadu. The ED alleged that the company collected subscription to chit funds from persons residing outside India without due permission and violated regulations framed by the Reserve Bank of India (RBI).
