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Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...- New creditor-led IBC framework to put in place safeguards for stressed firm's managementNew creditor-led insolvency rules will impose strict financial transaction limits on stressed companies, requiring committee of creditors' ...
- ICAI defers adoption of new quality management standards by accountancy firmsThe Institute of Chartered Accountants of India has postponed its new quality management standards. These standards were set to be implemen...
- New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
- IBC helped banks recover 52% bad loans: Nirmala SitharamanIndia's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling compan...
- All banking companies to deduct TDS on interest income beyond Rs 50,000 a yearUnder the Income Tax law, the tax is to be deducted at source if the interest income from bank/post office deposits exceeds Rs 50,000 for o...
- VB-G RAM G will strengthen, not weaken, right to work: Shivraj Singh ChouhanRural Development Minister Shivraj Singh Chouhan asserted that the new Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) law...
- 'G Ram G will curb disparity in inter-state fund flows', say officialsA new rural employment law, VB-G RAM G, will soon replace the current program. It guarantees 125 days of work, an increase from 100 days. F...
- RBI lifts restrictions on Bank of Baroda's 'BoB World' mobile app, allows onboarding customersThe Reserve Bank of India (RBI) has lifted restrictions on Bank of Baroda's BoB World app, allowing the bank to onboard customers through t...
- No new interim norms to regulate big tech players: CCI chairpersonIn an interview to Banikinkar Pattanayak, Competition Commission of India (CCI)chairperson Ravneet Kaur said the regulator would soon wrap ...
- Law and behold, Beholders of Law!But silly laws, by virtue (sic) of their silliness, actually throw more light on those taking them out of the cupboard to use them than tho...
- Careful with Cartels about competitionGoI must exercise caution. Cartels are the most malicious form of anti-competitive activity. They hurt consumers. Including them in the set...
- FCRA licence of 1,811 NGOs cancelled in 3 years: Govt"During the last three years i.e. 2019 to 2021, the FCRA registration certificates of 1,811 associations have been cancelled under section ...
- Gyanvapi Survey: Congress refuses to comment but MP Abhishek Singhvi questions rationale of orderCongress spokesman Randeep Singh Surjewala sidestepped queries on the party’s official view about the court order. “Well, I haven’t really ...
- Considering MHA proposal for banning live coverage of counter-terror operations: I&B ministryCommitted expenditure for all the ministries' campaigns during the period June, 2012, till date is Rs 875.35 crore.
- RBI eases norms for issuance of equity shares under FDIEasing foreign direct investment (FDI) norms, Reserve Bank has allowed companies to issue equity shares to a resident outside India.
- Enforce extant laws against sexual harassmentLaws are not enough to stop such abuse, as well as other forms of violence against women.
- Focus on some austerity to make extant laws workA handful of Vodafone-type disputes, where tax collections are being made after retrospective changes to the law, might call for a special ...
- Settle amicably: Spare Vodafone penalty and interest; scrap other retrospective taxesThe govt should withdraw other retrospective moves that seek not so much to clarify extant law as to create a fresh tax burden.
- Preventing communal crimesWe need stricter laws, but changing politics is also important.
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