News for 'statutory obligation'

SC seeks EC response on TMC MPs' plea over Bengal electoral rolls

SC seeks EC response on TMC MPs' plea over Bengal electoral rolls

Rediff.com12 Jan 2026

The Supreme Court has sought a response from the Election Commission on a plea by Trinamool Congress MPs alleging irregularities in the revision of electoral rolls in West Bengal.

Govt scrutinises X reply on Grok misuse over obscene content

Govt scrutinises X reply on Grok misuse over obscene content

Rediff.com7 Jan 2026

Sources told PTI that X has submitted their response, and it is under examination.

Govt introduces bill to open civil nuclear sector to private players

Govt introduces bill to open civil nuclear sector to private players

Rediff.com15 Dec 2025

The Indian government has introduced a bill to overhaul the civil nuclear sector, allowing private participation and establishing a new liability regime. The SHANTI Bill, 2025, aims to repeal existing acts and address industry concerns.

X to stop Grok from generating sexualised AI content

X to stop Grok from generating sexualised AI content

Rediff.com15 Jan 2026

Microblogging platform X has implemented technological measures to prevent its Grok AI chatbot from generating images of real people in revealing clothing in jurisdictions where it is illegal, following government pressure over obscene deepfakes.

X blocks 3,500 posts, deletes 600 accounts after Grok AI row

X blocks 3,500 posts, deletes 600 accounts after Grok AI row

Rediff.com11 Jan 2026

X has accepted its mistake, and said it will comply with Indian laws, sources said, adding that in future, the platform will not allow obscene imagery.

EC tells SC it has power to conduct SIR of electoral rolls

EC tells SC it has power to conduct SIR of electoral rolls

Rediff.com6 Jan 2026

The Election Commission (EC) defended its power to revise electoral rolls and ensure no foreigners are registered as voters before the Supreme Court. The EC argued it has a constitutional duty to maintain the purity of electoral rolls and exclude those not eligible to vote.

SC directs public display of voter discrepancies in Bengal

SC directs public display of voter discrepancies in Bengal

Rediff.com19 Jan 2026

The Supreme Court has directed the Election Commission to display the names of those on the 'logical discrepancies' list at various public offices in West Bengal, addressing concerns about irregularities in the voter rolls.

No toll collection if highway badly maintained: HC

No toll collection if highway badly maintained: HC

Rediff.com6 Aug 2025

The Kerala High Court has suspended toll collection on the Edappally-Mannuthy stretch of NH 544, citing the failure of the NHAI to provide safe and unhindered access to the highway due to ongoing construction and poor maintenance.

Why IT Firms Face 5-10% Payroll Hike

Why IT Firms Face 5-10% Payroll Hike

Rediff.com24 Nov 2025

'Companies will need to revisit compensation structures, contracts, staffing models, and human resources system.'

Why UGC's New Equity Rules Finally Have Teeth

Why UGC's New Equity Rules Finally Have Teeth

Rediff.com29 Jan 2026

'What has changed is that the new regulations are backed by a clear enforcement framework. They have real consequences and, for the first time, make compliance unavoidable.'

President's Rule in Manipur extended by 6 months

President's Rule in Manipur extended by 6 months

Rediff.com5 Aug 2025

Parliament has approved a resolution to extend President's Rule in Manipur for another six months, amidst opposition protests regarding electoral roll revisions in Bihar. The extension comes after the imposition of President's Rule in February due to ongoing ethnic conflict.

Are you really working for welfare of common man, SC asks Centre

Are you really working for welfare of common man, SC asks Centre

Rediff.com28 Apr 2025

The Supreme Court of India has reprimanded the central government for failing to implement a cashless treatment scheme for road accident victims. The court expressed its concern over the delay in formulating the scheme, which is designed to provide immediate medical care to accident victims within the crucial "golden hour." The court highlighted that despite a statutory provision requiring the scheme's implementation, the government has not taken any action, prompting the court to intervene. The court also criticized the General Insurance Council (GIC) for raising objections to the scheme and delaying its implementation. The court has now directed the government to notify the scheme within a week and has scheduled a hearing on the matter for May 13.

SBI slams Anil Ambani. says RCom loan account is 'fraud'

SBI slams Anil Ambani. says RCom loan account is 'fraud'

Rediff.com2 Jul 2025

State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.

Homebuyers Beware: No Sale Agreement, No Legal Rights

Homebuyers Beware: No Sale Agreement, No Legal Rights

Rediff.com6 Jun 2025

Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.

'Curbs on sporting engagements standard safeguard'

'Curbs on sporting engagements standard safeguard'

Rediff.com13 Aug 2025

Implementation of sports bill in 6 months, regulation of participation standard safeguard: Mandaviya

Digital access intrinsic to right to life, says SC, bats for disabled

Digital access intrinsic to right to life, says SC, bats for disabled

Rediff.com30 Apr 2025

The Supreme Court of India has directed changes in digital know your customer (KYC) guidelines for persons with disability and acid attack survivors, citing the right to digital access as an intrinsic component of the right to life under Article 21 of the Constitution. The court found that existing KYC procedures, which require visual tasks such as head movements and facial positioning, pose significant challenges for these groups, preventing them from accessing essential services like bank accounts and welfare schemes. The court emphasized the importance of bridging the digital divide and ensuring universal accessibility to digital services for all citizens.

IndusInd Bank Officials Face Insider Trading Probe

IndusInd Bank Officials Face Insider Trading Probe

Rediff.com28 Mar 2025

The sales of company shares by 5 senior executives have come under scrutiny as IndusInd shares declined over 30 per cent due to losses incurred by from its derivatives exposure.

Byju Raveendran, board members will not attend BYJU's Feb 23 EGM

Byju Raveendran, board members will not attend BYJU's Feb 23 EGM

Rediff.com22 Feb 2024

Edtech firm Think and Learn Private Ltd, owner of Byju's, on Thursday said neither the company's founder and CEO Byju Raveendran nor any other board member will attend the extraordinary general meeting called by some select investors. Shareholders at Byju's are set to vote on Friday on a resolution brought by some investors to oust founder CEO Byju Raveendran and his family members over alleged "mismanagement and failures". Byju's has called the EGM "procedurally invalid" and contractually in contravention of the company's article of association and shareholder's agreement.

Plea filed in SC seeking early assembly elections in J-K

Plea filed in SC seeking early assembly elections in J-K

Rediff.com11 May 2023

A plea has been filed in the Supreme Court seeking directions to the Election Commission and the government for holding early assembly polls in Jammu and Kashmir.

SMEs: Outsourcing of PF, insurance mooted

SMEs: Outsourcing of PF, insurance mooted

Rediff.com13 Jul 2011

In a discussion paper, the Department of Industrial Policy and Promotion has suggested creation of new service entities to which most of the statutory compliances, under the labour laws for small and medium enterprises, can be outsourced.

Banks eye Rs 1 trn via infra bond issuances in FY25

Banks eye Rs 1 trn via infra bond issuances in FY25

Rediff.com27 Nov 2024

Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.

HC orders ASI to conduct 'scientific survey' of MP's Bhojshala in 6 weeks

HC orders ASI to conduct 'scientific survey' of MP's Bhojshala in 6 weeks

Rediff.com11 Mar 2024

Aggrieved by the direction, Dhar city's head cleric Waqar Sadiq said they (Kamal Maula Mosque management committee) will challenge the ruling in the Supreme Court.

FIFA threatens to ban AIFF, strip off Under-17 Women's WC hosting rights

FIFA threatens to ban AIFF, strip off Under-17 Women's WC hosting rights

Rediff.com6 Aug 2022

It took note of the fact that India is due to host the FIFA Under-17 Women's World Cup from October 11.

SBI eyes Rs 10K cr via infra bond

SBI eyes Rs 10K cr via infra bond

Rediff.com20 Nov 2024

State Bank of India (SBI), India's largest lender, is looking to raise Rs 10,000 crore through 15-year infrastructure bonds as early as next week, said multiple sources aware of the development. Market participants expect a coupon in the range of 7.15-7.18 per cent for SBI's upcoming infrastructure bond issuance. This comes as demand for longer-tenor papers has remained strong in recent domestic capital market offerings.

Banks make beeline for fundraise via infrastructure bonds

Banks make beeline for fundraise via infrastructure bonds

Rediff.com17 Jul 2024

Public-sector banks, including Canara Bank and Bank of India, are tapping the infrastructure bond market. Canara Bank on Tuesday raised Rs 10,000 crore at a coupon rate of 7.40 per cent through 10-year infrastructure bonds. This comes after SBI on July 10 raised Rs 10,000 crore also through infrastructure bonds with a 15-year tenor at a coupon rate of 7.36 per cent.

Arrest under PMLA can't be on officer's whims and fancies: SC

Arrest under PMLA can't be on officer's whims and fancies: SC

Rediff.com12 Jul 2024

The bench said the ED officers acting under the Section 19(1) of the Prevention of Money Laundering Act (PMLA) cannot ignore or not consider the material which exonerates the arrestee.

Kejriwal will continue as Delhi CM: AAP after HC remarks

Kejriwal will continue as Delhi CM: AAP after HC remarks

Rediff.com30 Apr 2024

AAP Rajya Sabha MP Sanjay Singh said that the decision that Kejriwal should continue to be the chief minister even after being jailed was that of the people of Delhi.

Byju Raveendran promises to pay July salary to staff once he gets control of accounts

Byju Raveendran promises to pay July salary to staff once he gets control of accounts

Rediff.com20 Aug 2024

Edtech firm Think and Learn, which owns Byju's brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT's decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's.

Tribunal stays Sebi's order on Franklin Templeton

Tribunal stays Sebi's order on Franklin Templeton

Rediff.com28 Jun 2021

Franklin Templeton Asset Management (India) on Monday said the Securities Appellate Tribunal (SAT) has stayed Sebi's order, whereby the regulator had barred the asset management firm from launching any new debt scheme for two years. In addition, the regulator had asked Franklin Templeton to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to its six debt schemes which are now shut. "With reference to the order issued by Whole Time Member(WTM) of Sebi on June 7, 2021, Franklin Templeton Asset Management (India) Pvt Ltd filed an appeal and an application for stay before the Hon'ble SAT. "After hearing the parties, the Hon'ble SAT has stayed the operation of the order passed by the WTM," a Franklin Templeton spokesperson said in a statement. The matter has been listed on August 30, 2021 for further directions, he added.

CM post not ceremonial, must be available 24x7: HC on Kejriwal

CM post not ceremonial, must be available 24x7: HC on Kejriwal

Rediff.com29 Apr 2024

The high court also said that Kejriwal's absence cannot allow students to go through the first term without free text books, writing material and uniform in schools under the Municipal Corporation of Delhi.

India Inc pitches for rate cut; RBI may not oblige

India Inc pitches for rate cut; RBI may not oblige

Rediff.com7 Apr 2015

India Inc has pitched for rate cut to boost economic activities.

Top officials brief Kovind on simultaneous polls

Top officials brief Kovind on simultaneous polls

Rediff.com3 Sep 2023

People aware of the development said, Law Secretary Niten Chandra, Legislative Secretary Reeta Vasishta and others met Kovind this afternoon to understand how he would like to go about the agenda before the committee.

Franklin Templeton tries to soothe frayed nerves of investors

Franklin Templeton tries to soothe frayed nerves of investors

Rediff.com10 Jun 2021

Allaying investors' fears, Franklin Templeton AMC has said Sebi's order prohibiting the company from launching new debt funds will have no bearing on existing schemes managed by it. Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees of over Rs 512 crore (including interest) collected with respect to the six debt schemes. This amount will be used to repay unitholders, as per Sebi order.

Driving demand down for rural job scheme

Driving demand down for rural job scheme

Rediff.com28 Oct 2014

Scheme faces pincer attack with a proposed higher proportion of expenditure on material, reducing the budget available to pay wages and focus on implementing it only in 2,500 blocks.

RBI proposes stringent norms for wilful defaulters

RBI proposes stringent norms for wilful defaulters

Rediff.com21 Sep 2023

The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan. The central bank has issued a 'Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters' on which comments have been invited till October 31. According to Reserve Bank of India (RBI), the draft Master Direction expands the scope for regulated entities which can classify borrowers as wilful defaulters and broadens the definition of wilful default.

Law does not recognise live-in relationship as marriage: Kerala HC

Law does not recognise live-in relationship as marriage: Kerala HC

Rediff.com13 Jun 2023

Therefore, a couple that lives together by virtue of an agreement cannot claim it to be a marriage nor seek a divorce based on that, the high court said.

COVID-19 impact: Foreign players not available for IPL till April 15 due to fresh visa restrictions

COVID-19 impact: Foreign players not available for IPL till April 15 due to fresh visa restrictions

Rediff.com12 Mar 2020

The government issued a fresh advisory with a ban on all existing foreign visas, except a few categories like diplomatic and employment, till April 15 in the wake of new positive cases of novel coronavirus in the country.

Arguing violation of Articles of Association best legal bet for Mistry

Arguing violation of Articles of Association best legal bet for Mistry

Rediff.com26 Oct 2016

Other legal options include approaching the NCLT alleging mismanagement and oppression of minority shareholder

'Kerala CM, ministers shameless': Guv steps up attack

'Kerala CM, ministers shameless': Guv steps up attack

Rediff.com13 Dec 2023

The Governor and the ruling LDF in the state have been at loggerheads since the Supreme Court verdict quashing the reappointment of Gopinath Ravindran as VC of Kannur University and berating the Left government for its "unwarranted intervention" in the matter.

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.