The National Green Tribunal has directed authorities, including the Central Pollution Control Board (CPCB) and the Delhi Pollution Control Committee (DPCC), to take stringent measures aimed at improving the Air Quality Index (AQI) in Delhi-NCR. Despite previous interventions, the tribunal noted a lack of “visible improvement” in the capital’s air […]
Legal News
The Punjab and Haryana High Court Friday quashed a 2020 Haryana government law providing 75 per cent reservation in private sector jobs to the residents of the state. The verdict was pronounced by Justices G S Sandhawalia and Harpreet Kaur Jeewan. Senior advocate Akshay Bhan said the bench quashed the […]
Deeming DRI’s complaint, which was earlier halted, as the origin of the ED’s proceedings related to foreign currency charges against Hero Motocorp Chairman Pawan Kant Munjal, the Delhi High Court on Friday stayed the central agency’s proceedings. The court clarified that the stay has been issued only about Munjal and […]
Capital markets regulator Sebi on Friday decided to do away with the provision of requiring the freezing of folios without PAN, KYC details and nomination for all holders of physical securities. The move, aimed at simplifying the rule, will come into force with immediate effect, the Securities and Exchange Board […]
The RBI on Friday issued an order allowing banks maintaining Special Rupee Vostro Accounts to open an additional special current account for enabling their customers to carry out settlement of their export transactions. The move is aimed to provide greater operational flexibility to exporters. The RBI had, on July 11 […]
India is worried about Britain’s possible tax on imports of high-carbon goods like steel and wants a mechanism in their planned free-trade agreement (FTA) to address issues arising from such a measure, three Indian sources said. Earlier this year, Britain initiated consultations with domestic stakeholders on measures such as a […]
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram Finance for violation of certain directions of the banking sector regulator. The fine has been imposed for non-compliance with certain directions issued by the RBI […]
The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 […]
The stake sale in IDBI Bank may not be completed by March 2024, a senior government official said on Thursday. Department of Investment and Public Asset Monetisation (DIPAM) Secretary Tuhin Kanta Pandey said the transaction is “on course” but there are aspects like the RBI’s fit and proper criteria which […]
Two experimental smog towers in the city have not been effective in reducing air pollution and the operation of these costly giant air purifiers lacks merit, the Delhi Pollution Control Committee (DPCC) has told the National Green Tribunal (NGT). In a report submitted to the NGT last week, the pollution […]