By our Commercial Correspondent Mumbai: The Reserve Bank of India (RBI) has ordered on Oct 17 four non-banking financial corporations (NBFCs) to cease and desist from sanction and disbursal of loans, charging them with usurious pricing and other regulatory deviations. The NBFCs rapped by the central bank are : Asirvad Micro Finance Ltd, the MFI Read More…
The GST Council has announced a reduction in tax rates for essential items, cutting the GST on 20-litre water bottles and bicycles to 5%. Meanwhile, luxury goods such as shoes, watches, and beauty products will face higher tax rates. The move is designed to make everyday commodities more affordable while increasing the burden on premium Read More…
By Our Legal Corresondent New Delhi: A Special Bench of the Supreme Court on Oct 18 recalled its August 23, 2022 judgment which declared provisions and amendments made in the benami property law “unconstitutional and manifestly arbitrary”. The Bench, headed by Chief Justice of India D Y Chandrachud referred the case for fresh adjudication. The Read More…
By our Special Correspondent New Delhi: The Enforcement Directorate (ED) has attached 35 immovable properties worth Rs 56.56 crore in connection with the money laundering probe against the banned Popular Front of India (PFI). The outfit had more than 13,000 active members in Singapore, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates , Read More…
By our Correspondent Malappuram: The Kerala Muslim Jamaat has urged the Karnataka Government to appeal against the Karnataka High court single Bench’s judgment allowing Jai Sri Ram slogans in mosques. The Kerala Muslim Jamaat has described the Karnataka High Court judgment giving ‘legal sanctity for raising Jai Sri Ram slogans in mosques’ as unfortunate and Read More…
India has seen a surge in bomb threats targeting both domestic and international flights in the past week, affecting major airlines like IndiGo, Air India, SpiceJet, Vistara, and Akasa Air. Approximately 70 such threats have been reported, causing significant disruptions. Over 10 flights were grounded or diverted in a span of 48 hours, prompting aviation Read More…
Delhi is once again grappling with hazardous air pollution, with Anand Vihar recording an alarming AQI of 433 on October 16, 2024, placing it in the “severe” category. Other areas like Bawana and Rohini are also experiencing “very poor” air quality. The pollution is attributed to stubble burning in nearby states and seasonal changes as Read More…
Reliance Industries is set to retain Disney+ Hotstar as the exclusive streaming platform for its merged media entity with Disney India. This move follows Disney’s decision to sell its India-based businesses to Reliance, marking a shift in the country’s media landscape. The merged entity will bring together both companies’ digital and television assets, including Disney+ Read More…
Bengaluru: In a significant move, the Karnataka government has canceled board examinations for students of classes 5, 8, 9, and 11 in schools affiliated with the State Board, in compliance with a Supreme Court directive. School Education Minister Madhu Bangarappa made the announcement on Friday, referencing the Supreme Court’s ruling that the exams violated the Read More…
The Supreme Court of India has closed a habeas corpus petition filed against the Isha Foundation after two women involved confirmed they were staying at the foundation voluntarily. Chief Justice D.Y. Chandrachud remarked, “We spoke to both the ladies, and they affirmed they are living there on their own free will. Therefore, we are closing Read More…