Justice A. Badharudeen of the Kerala High Court emphasized that the Court has the authority to quash criminal proceedings beyond merely assessing the FIR's contents, especially…
18/06/20241 min read
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Justice A. Badharudeen of the Kerala High Court emphasized that the Court has the authority to quash criminal proceedings beyond merely assessing the FIR's contents, especially…
Delhi's Rouse Avenue Court extended Delhi Chief Minister Arvind Kejriwal's judicial custody until July 3 in connection with the liquor excise policy case. The Enforcement…
A Delhi court granted bail to Arun Kumar Bereddy of the Congress party on June 19 in a case involving a fake video of Prime Minister Narendra Modi. Judge Akanksha Garg rejected…
Global law firm Ashurst has appointed Kalpana Unadkat and Shishir Mehta as Co-Heads of its India practice. Unadkat, renowned for her expertise in cross-border joint ventures,…
The formation of a coalition-led government in the 2024 elections marks a pivotal shift, promising an era of governance defined by extensive deliberations and consensus-building.…
The Karnataka High Court questioned whether the Competition Commission of India CCI could reconsider its decision to share confidential data on Swiggy with the National Restaurant…
The Rajasthan High Court reaffirmed that the availability of a civil remedy does not warrant the quashing of a criminal complaint alleging both civil wrongs and criminal offences.…
According to the RBI Bulletin published in June 2024, retail inflation in India is gradually easing, although volatile and elevated food prices are hindering the path of…
Consultants and service providers are urging the government to enable direct foreign currency transactions within India through the Reserve Bank of India RBI , bypassing the…
In April, the Reserve Bank of India RBI sold $3.65 billion on a net basis in the spot foreign exchange market, as per its monthly bulletin. The RBI bought nearly $8 billion and…
On Wednesday, the State Bank of India SBI announced its plan to raise up to Rs 20,000 crore through long-term bonds via public issue or private placement during the current…
IRIS Business Services Limited, a Global RegTech company listed on the BSE Scrip code: 540735 and NSE Symbol: IRIS , has been honored with the 'Global Central Banking Award 2024'…
The Allahabad High Court quashed orders issued under Section 74 of the UP GST Act, 2017, on February 22, 2023, and January 16, 2023, citing a violation of natural justice as the…
The Kerala High Court has temporarily halted the imposition of 5% GST on 'Malabar Parota' for the next two months. The division bench stayed the single bench's order following a…
Children’s mutual funds in India have seen a remarkable surge in Assets under Management AUM , growing by nearly 142% over the past five years to reach Rs 20,081.35 crore in May…
POP, a Bengaluru-based startup, has successfully concluded a $2.4 million seed funding round led by India Quotient and several angel investors. This funding is poised to…
Axis Bank has announced the acquisition of additional equity shares in Max Life Insurance Company, a subsidiary of Max Financial Services, for ₹336 crore. The move increases Axis…
The Secretary emphasized the need to reduce the gap between surveys like the Household Consumption Expenditure Survey HCES and the Periodic Labour Force Survey PLFS , suggesting…
The Bombay High Court adjourned Essel Group Chairman Subhash Chandra's appeal against SEBI's order and summons related to alleged fund diversion in Zee Entertainment Enterprises…
The Madras High Court ruled against a 100% GST penalty for erroneous Input Tax Credit ITC under Section 74 of the GST Act, citing inadequate reasoning. Jayasri Traders corrected…
The Madras High Court set aside an order canceling GST registration due to the petitioner's failure to receive the required ASMT 10 notice before cancellation. Tvl. Bashir Maligai…
The GST Council's law committee has proposed an amendment to the GST Act to address low tax payments due to interpretation issues. The amendment introduces Section 11A to the CGST…
The Himachal Pradesh High Court overturned the rejection of manual GST refund applications for 2017-2018, 2018-2019, and 2020-2021, mandating fresh consideration under Rule 97A of…
The GST Council is set to deliberate on introducing a new form, GSTR-1A, aimed at enhancing the GST filing process. GSTR-1A will allow taxpayers to amend and declare additional…
On June 10, 2024, the Assam GST Department issued Order No. 1/2024-GST, altering the jurisdiction of certain officers under the Assam Goods and Services Tax Act, 2017. \r The…
The Allahabad High Court has upheld the Income Tax Appellate Tribunal's decision to annul additions under Section 14A of the Income Tax Act, dismissing an appeal by the…
The Karnataka High Court has ruled that proceedings cannot be initiated under the Prevention of Corruption Act without substantial evidence, overturning a case based on an income…
The Raipur Bench of the Income Tax Appellate Tribunal ITAT has ruled that Corporate Social Responsibility CSR expenses are eligible for deduction under Section 80G of the Income…
The Ministry of Finance reported a significant 20.99% increase in net collections of direct taxes for the Financial Year 2024-25 as of June 17, 2024. Provisional figures indicated…
The Karnataka High Court recently ruled that pending income tax dues against borrowers do not hinder the registration of properties purchased in auctions conducted by banks,…
The Supreme Court of India's judgment in Delhi Metro Rail Corporation Ltd. v. Delhi Airport Metro Express Pvt. Ltd. Delhi Metro case has sparked widespread debate among…
The Asian Development Bank ADB has approved a $170 million policy-based loan aimed at enhancing India's health sector preparedness and resilience against future pandemics. This…
The Reserve Bank of India RBI has revoked the licence of “The City Co-operative Bank Ltd., Mumbai, Maharashtra,” effective June 19, 2024, thereby halting its banking operations.…
The Reserve Bank of India RBI has launched the process for the recognition of Self-Regulatory Organisations SROs specifically for the Non-Banking Financial Company NBFC sector,…
An article in the June 2024 Bulletin on the "State of the Economy", led by RBI Deputy Governor Michael Debabrata Patra, highlighted that while retail inflation in India is…
The movement of Indian family offices to GIFT City is hindered by regulatory uncertainties, particularly concerning remittance of funds overseas. While regulations currently…
In April 2024, outward remittances under the Reserve Bank of India’s liberalised remittance scheme LRS saw a slight dip of 1.98% year-on-year, totaling $2.28 billion compared to…
India's economic growth has surged, averaging over 8% from 2021 to 2024 compared to 7% during 2003-2019, reflecting a post-pandemic upshift in trend. The Reserve Bank of India's…
Indian Institute of Technology Guwahati IIT Guwahati announced on Wednesday the acquisition of EvyEnergy, an eMobility software platform, by Zemetric, a provider of electric…
The Delhi High Court recently dismissed 17-year-old defamation suits filed by IFS officer Mahaveer Singhvi against Hindustan Times, Hindustan, former editors Vir Sanghvi and…
At the inaugural SusCrunch 2024 event, hosted by SusMafia in collaboration with PIEDS, BioCompute, a pioneering DNA-based data storage startup, received India's largest non-equity…
On Tuesday, June 18, shares of Som Distilleries and Breweries plummeted 16 percent after the National Commission for Protection of Child Rights NCPCR discovered over 50 children…
As Prime Minister Narendra Modi unveils his Cabinet for an unprecedented third term, all eyes are on Nirmala Sitharaman, reinstated as the Finance Minister, who will present the…
Cricketer Virat Kohli has reclaimed the top spot in brand value at $227.9 million, surpassing Ranveer Singh who holds the second position with $203.1 million, according to Kroll’s…
Le Travenues Technology Ltd, the operator of ixigo, saw its shares surge by over 78% against the issue price of Rs 93. Starting strong, the stock debuted at Rs 135 on the BSE,…
The Calcutta High Court has directed the West Bengal government to implement a 1% reservation for transgender persons in State public employment, citing the Supreme Court's 2014…
The Himachal Pradesh High Court recently ruled that a Constitutional Court cannot impose a timeframe on the Speaker of the State legislative assembly to decide on the resignations…
The Supreme Court is set to conduct a Special Lok Adalat from July 29 to August 03, aimed at resolving pending cases through amicable settlements. This initiative marks the…
Generation X is poised to benefit the most from the $84 trillion Great Wealth Transfer over the next decade, suggests a new Wealth-X study. While millennials and Gen Z anticipate…
Fisker Group Inc, a US electric vehicle EV maker, has filed for Chapter 11 bankruptcy in Delaware following failed deal talks with a major automaker amid financial strain from…
Justice A. Badharudeen of the Kerala High Court emphasized that the Court has the authority to quash criminal proceedings beyond merely assessing the FIR's contents, especially…
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