RBI issue stricter norms for regulated entities investing in AIFS

The Reserve Bank of India called upon various entities falling under its regulation (RE) like commercial banks, all primary (urban) co-operative banks, all All-India financial institutions, and non-banking financial companies (including housing finance companies to desist from investments in alternative investment funds (AIFs) which have investments in existing and recent borrowers.

INDIA RECORDS 45% GROWTH IN DIGITAL PAYMENT TRANSACTIONS VOLUME IN FY'18-23

The digital payments transactions have reached Rs 11,660 crore in the current financial year FY24 as on 11 December, 2023, Minister of State for Finance Bhagwat Kisanrao Karad informed Rajya Sabha on Tuesday

HC disposes of plea against erection of electric pole for Goa Tamnar Transmission Project

The Goa bench of the Bombay High Court has disposed of a petition filed by a Goa resident challenging the work being carried out on his land for the Goa Tamnar Transmission Project.

'PROBE UNDERWAY": SON RUNNING-OVER DCP ON BUREAUCRAT'S HIS GIRLFRIEND'S CASE

After a Special Investigation Team (SIT) on Sunday arrested a Maharashtra senior bureaucrat’s son Ashwajit Gaikwad and his two associates for allegedly running over a woman who was badly injured Amarsingh Jadhav, Deputy Commissioner of Police, Thane said that the probe is underway

Supreme Court Stayed Criminal Defamation Case Filed By Rohini Sindhuri IAS Against D Roopa IPS

The Supreme Court in the case D Roopa v. Rohini Sindhuri observed and has stayed the proceedings in the criminal defamation complaint filed by Rohini Sindhuri IAS against D Roopa Moudgil IPS.

KERALA HIGH COURT: LAWYER MOVED SEEKING SERIOUS FRAUD INVESTIGATION IN BUSINESS AFFAIRS OF CMRL

The Kerala High Court in the case Shone George v. Ministry of Corporate Affairs  and  Ors.

DELHI HIGH COURT REFUSED TO ENTERTAIN PIL SEEKING URGENT IMPLEMENTATION OF WOMEN'S RESERVATION BILLI 2024 LOK SABHA POLLS

The Delhi High Court in the case MS. Yog a m aya M .G. V.Union Of India & Ors observed and has refused to entertain a public interest litigation wherein seeking urgent implementation of the ‘Women’s Reservation Bill, 2023’ in order to ensure the reservation of 33% seats for women in the upcoming Lok Sabha Elections 2024.

NEED FOR INDIA TO TAKE LEADERSHIP IN LARGE LANGUAGE MODELS: S KRISHNAN, SECRETARY MEITY

Addressing the FICCI conference, Bhashantara, Secretary MEITY, Mr S Krishnan, underlined that the inclusion of Indian language content in large language models will help improve these models.

Advancing women's role in Indian military through progressive reforms

There are important questions for most militaries, including the Indian one as to how best to improve the status of women in their ranks.

UAE, AZERBAIJAN SIGN MOU SET TO FACILITATE DIGITAL INFRA INVESTS

The Ministry of Investment of the UAE and the Ministry of Digital Development and Transport of the Republic of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening the digital infrastructure in Azerbaijan with a focus on the development of data centers.

INDIA EYES ECONOMIC GAINS AS CHINA'S STIMULUS FUELS SURGE IN GLOBAL MINING DEMAND

Fitch Ratings anticipates a notable uptick in the demand for base metals in 2024, with a specific focus on copper, considered pivotal in the ongoing energy transition

SpiceJet eyes acquisition of bankrupt Go First: Report

SpiceJet is among the three entities that have shown late interest in acquiring bankrupt carrier Go First.

APAC chemicals sector: recovery amidst destocking shift - Fitch Ratings

Fitch Ratings anticipates a gradual recovery for rated APAC chemicals companies as they approach the end of the destocking cycle, signalling positive revenue growth in the years 2024 -2025.

ZEE REQUESTS DEADLINE EXTENSION FOR CULVER MAX MERGER

Zee Entertainment has formally asked for an extension beyond the December 21, 2023, deadline for its proposed merger with Culver Max Entertainment CMEPL), formerly Sony Pictures Networks India

Budget 2024-25: NAREDCO seeks funds for stalled projects, GST input tax credit

The National Real Estate Development Council (NAREDCO) has suggested the Union finance ministry come up with the second tranche of the Special Window for Affordable and MidIncome Housing (SWAMIH) fund in the upcoming budget for the financial year 20242025.

RIJIJU LAUNCHES MAIDEN INDIAN WINTER ARCTIC EXPEDITION, APPLAUDS SCIENTIFIC PROGRESS

Our scientists and team have committed their full support to the Ministry of Earth Sciences,” Rijiju stated. As deep as six kilometers, submersible devices being designed to explore the ocean’s depths will be able to descend

Assam tea worth Rs 2,300 crore sold at GTAC

Assam tea, worth nearly Rs 2,300 crore, was sold at the Guwahati Tea Auction Centre (GTAC) during the financial year 2023-2024 so far.

Electric bus penetration set to double next fiscal: Report

A report suggests that despite persistent counterparty risks and the limited availability of charging stations, the share of electric buses (e-buses) is poised to double to 8 percent in the next fiscal year.

NHAI grants TOT projects worth Rs 9,384 cr to successful bidders

After a delay of around three months, the National Highways Authority of India (NHAI) has granted Toll, Operate, and Transfer (TOT) projects covering a total length of 273 km to successful bidders. The projects, bundled under TOT packages 13 and 14, have been awarded at a total value of Rs 9,384 crores.

India, UK to hold 14th round of talks on FTA in Jan' 24

India and the UK will continue their deliberations on the ambitious free trade agreement (FTA) in the 14th round of negotiations which will take place in January 2024 to bring to fruition, a comprehensive and ambitious FTA which the two countries have been discussing since the launch of talks on 13 January, 2022.

India tops global remittance charts with $125 billion in 2023

The most recent Migration and Development Brief from the World Bank reveals a continuous rise in remittance flows to low- and middle-income countries (LMICs) in 2023, albeit at a slower pace than in previous years.

GOOGLE TAKES DOWN 2,500 FRAUDULENT LOAN APPS FROM ITS PLAY STORE, SAYS FM

In a written response to the Lok Sabha, Finance Minister Nirmala Sitharaman stated that the government is constantly engaged with the Reserve Bank of India (RBI) and various regulators and stakeholders concerned to control fraudulent loan apps

DELHI HIGH COURT DENIED BENEFITS OF SECTION 14 OF LIMITATION ACT CITING LACK OF DILIGENT PROSECUTION; PETITION UNDER SECTION 34 OF THE A&C ACT DISMISSED TWICE FOR NON-PROSECUTION

The Delhi High Court in the case U.P. Jal Vidyut Nigam Ltd v. C.G. Power & Industrial Solution Ltd observed and has stated that he application of Section 14 of the Limitation Act is not available to a petitioner who, through lack of diligence, allowed its section 34 petition moved under the Arbitration and Conciliation Act which is to be dismissed twice for nonprosecution.

SIT to probe incident of bureaucrat's son trying to mow down girlfriend with car in Thane

A special investigation team (SIT) has been formed to probe the incident in which a woman was injured after her boyfriend, who is a senior bureaucrat's son, allegedly tried to mow her down with his car in Thane city, police said on Sunday.

JSW GROUP CHAIRMAN SAJJAN JINDAL FACES RAPE ALLEGATIONS; FIR REGISTERED BY MUMBAI POLICE

Mumbai Police has officially registered a First Information Report (FIR) against Sajjan Jindal, the Chairman and Managing Director of JSW Group, following an order from the Bombay High Court.

ANGRY LOCALS, KIN OF WORKERS BLOCK ROAD NEAR BLAST-HIT FACTORY IN NAGPUR

Angry locals and relatives of workers blocked a highway near an explosives manufacturing unit in Nagpur district, where a blast claimed nine lives on Sunday, and demanded they be allowed to allowed to enter the premises to see the bodies. The crowd was later dispersed, police said.

Delhi High Court: Correctness Of Information Provided Cannot Be Adjudicated In Proceedings Under RTI Act

The Delhi High Court in the case Narendra Tyagi v. Assistant Director, CPIO observed and has stated that the correctness of information provided under the Right to Information Act, 2005, or any other dispute or controversy, cannot be adjudicated in proceedings under the enactment.

BOMBAY HIGH COURT DIRECTED DEPARTMENT TO PERMIT AMEND IN GSTR-1, EITHER ONLINE OR MANUAL

The Bombay High Court in the case Star Engineers (I) Pvt. Ltd. Versus Union of India observed and has directed the department to permit the petitioner or assessee to amend or rectify Form GSTR-1 for the period July 2021, November 2021, and January 2022, either online or manually.

Delhi High Court Upholds Charges Framed Against Former Punjab and Haryana High Court Registrar, Recruitment 2017 Haryana Judicial Paper leak

The Delhi High Court in the case Dr Balwinder Kumar Sharma v. State of UT Chandigarh observed and has upheld that the charges framed against former Registrar i.e., the Recruitment of the Punjab and Haryana High Court, Dr. Balwinder Kumar Sharma, in connection with the paper leak of Haryana Civil Services i.e., the Judicial Branch Preliminary Examination, 2017.

TELANGANA HIGH COURT PASSED A SLEW OF DIRECTIONS TO ENSURE SPEEDY DISPOSAL OF CASES AGAINST MLA & MPS

The Telangana High Court in the case observed and has passed the slew of directions to the Courts and Police Officials concerned in furtherance of the Suo Motu proceedings initiated that were taken up by the court in order to the ensure speedy disposal of cases with regards to MLAs and MPs.