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SUO LAW

Six North Eastern States Agree To Implement RERA

Two years after the Real Estate (Regulation and Development) Act was enacted by the parliament, six North-Eastern states have agreed to implement RERA in their respective states. This Act gives powers to all the states to notify their own rules for the real estate and appoint regulatory authorities. Arunachal Pradesh, …

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ED To Look Into FDI Violation by E-Commerce Websites

The Enforcement Directorate (ED) has started an inquiry into the alleged violation of Foreign Direct Investment (FDI) norms by two major players in the e-commerce arena, Flipkart and Amazon, under the Foreign Exchange Management Act (FEMA),1999. This case is scheduled to be heard on 19 November. On a PIL filed by …

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China’s ICBC Bank Sets Up $200 MN To Invest In Start-Ups and MSME

New Delhi, 15 Nov: The Indian subsidiary of Chinese multinational banking company, Industrial and Commercial Bank of China (ICBC), has set aside $200 USD for investing in the promising Indian micro, small and medium enterprises, and ventures. Furthering Government of India’s agenda of fostering innovation and entrepreneurship among Indian youth, Embassy of …

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All You Need To Know About The National Digital Communications Policy-2018

Union Cabinet chaired by Prime Minister Narendra Modi has approved National Digital Communications Policy-2018 (NDCP 2018). The government has also renamed the Telecom Commission which is the supreme decision-making body at the Department of Telecommunications (DoT) as the Digital Communications. Digital infrastructure and services are increasingly emerging as key enablers and …

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Explained: Recent Spat Between RBI and The Government of India

The Reserve Bank of India, known for its restraint, has now tuned combative, showcasing its resentment against the government. At least two speeches recently made by the top RBI officials underscore the extent of the friction between the Central Bank and the Central Government. In a speech delivered on Friday, …

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Explained: Infrastructure Leasing And Financial Services (IL&FS) Crisis

India’s financial market is reeling under high selling pressure, triggering concerns about risks in the country’s shadow banking sector. IL&FS Financial Services, a group company, defaulted in payment and failed to meet the commercial paper redemption obligations which were due on September 14. The company, on September 15, reported that …

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DoT Directs Telecom Companies To stop Using Aadhaar-Based e-KYC

NEW DELHI: The Department of Telecommunication (DoT) has barred telcos from using Aadhaar-based digital authentication in line with a Supreme Court order of September 26 that struck down the use of Aadhaar by private entities for digital authentication.  It came as big blow to the likes of Reliance Jio, Bharti Airtel …

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SC Grants Two Weeks’ Time To CVC To Conclude The CBI Matter

The Supreme Court on Friday gave the CVC two weeks’ time to conclude its inquiry into the current CBI mess. The court was hearing CBI chief Alok Verma’s plea against the Centre’s order to divest him of powers and send him on leave. A bench of Chief Justice Ranjan Gogoi …

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CM Kejriwal, Deputy And Nine MLAs Get Bail In CS Assault Case

New Delhi: Delhi Chief Minister Arvind Kejriwal, his deputy Manish Sisodia and nine other AAP MLAs were today granted bail by a court here in the Chief Secretary Anshu Prakash assault case. The relief was granted after they appeared before the court in pursuance to the summons issued to them and …

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EXPLAINED: CBI Versus CBI

In a move dubbed by the Government critics as a ‘midnight coup’, the Modi Government divested of his charge and also sent on leave the close ally of CBI Director Alok Verma, against who he had initiated corruption proceedings. Rakesh Asthana against whom proceedings are being carried out is an Indian …

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