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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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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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IBBI Notifies Procedure For Issuing Regulation Under Insolvency Law

The Insolvency and Bankruptcy Board of India has notified the procedure that needs to be devised for issuing regulations under the insolvency law. An official release issued today notified that for making or amending regulations under the Insolvency and Bankruptcy Code, a set of procedures would be followed. Section 196 (1) …

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Only Bharat Stage VI Vehicle To Be Sold From 2020: SC

New Delhi: The Supreme Court Wednesday said that no Bharat Stage IV vehicle shall be sold across the country with effect from April 1, 2020. The Bharat stage emission standards are standards instituted by the government to regulate the output of air pollutants from motor vehicles. A three-judge bench headed by …

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SC Allows Sale, Use Of Firecrackers This Diwali But With Conditions

NEW DELHI: There will be no blanket ban on the sale of firecrackers this Diwali. The Supreme Court on Tuesday issued a slew of directions to limit the impact on worsening air pollution. Only less polluting, green firecrackers sale will be allowed. Green crackers are “reduced emission crackers”. According to the …

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SC Asks Centre To Equip JJB With Video-Conferencing Facility

The Supreme Court on Monday asked the Centre to notify it on whether the Observation Homes and Juvenile Justice Boards are equipped with the video-conferencing facility. Observation Home is an institution, where neglected and delinquent juveniles are kept for a few weeks during an inquiry or trial. A bench of Justices Madan B Lokur …

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