ED freezes assets worth Rs 245 crore in STC fraud case
Posted Date : 17-Dec-2017 , 10:38:36 am | Posted By CASANSAAR
Enforcement Directorate (ED) has frozen assets worth Rs 245 crore in connection with its money laundering probe in the alleged fraud of Rs. 2,200 crore with the State Trading Corporation (STC).
The agency had early this year registered a criminal case under the Prevention of Money Laundering Act ...
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Hotels, Restaurants Can Sell Bottled Water Above MRP - Supreme Court
Posted Date : 13-Dec-2017 , 01:39:05 am | Posted By CASANSAAR
The Supreme Court on Tuesday held that hotels and restaurants are not bound by the maximum retail price (MRP) when they sell bottled mineral water.
A bench led by Justice Rohinton F Nariman held that provisions of Legal Metrology Act will not be applicable in selling bottled water in hotels and r...
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GOI Series-III Sovereign Gold Bonds – next Subscription period – December 4-6 2017
Posted Date : 01-Dec-2017 , 09:31:54 am | Posted By CASANSAAR
The Government of India, in consultation with the Reserve Bank of India (RBI), had floated Series III of Sovereign Gold Bonds 2017-18, for the period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monda...
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SC holds stringent bail condition in PMLA as unconstitutional
Posted Date : 25-Nov-2017 , 09:42:39 am | Posted By CASANSAAR
In a ruling in favour of citizens' liberty, the Supreme Court has set aside a clause in the Prevention of Money Laundering Act, which made it virtually impossible for a person convicted to more than three years in jail to get bail if the public prosecutor opposed it.
The ruling is signi...
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EPFO to credit ETF units to PF accounts of subscribers
Posted Date : 24-Nov-2017 , 08:58:17 am | Posted By CASANSAAR
The Employees’ Provident Fund Organisation (EPFO) on Thursday decided to credit units of exchanged traded funds (ETF) to the provident fund (PF) accounts of its over 45 million subscribers, giving them a window to monetize the fund’s equity exposure.
EPFO has been investing in the sto...
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Cabinet approves ordinance to introduce changes to IBC
Posted Date : 22-Nov-2017 , 10:03:43 pm | Posted By CASANSAAR
The Union Cabinet on Wednesday approved an ordinance to introduce certain changes to the Insolvency and Bankruptcy Code (IBC).
“Some changes have been proposed to the Insolvency and Bankruptcy Code and since these are being done by an ordinance, we cannot give the details of the proposals t...
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Govt may seek cabinet nod to amend insolvency and bankruptcy code
Posted Date : 22-Nov-2017 , 09:22:34 am | Posted By CASANSAAR
e government is likely to seek cabinet approval for amending the insolvency and bankruptcy code (IBC) to streamline the process of selecting buyers of stressed assets. It is aimed at preventing promoters who are wilful defaulters or have a history of fraud from buying companies cheap.
The amendme...
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SC seeks centre's response on plea to regulate Bitcoin
Posted Date : 15-Nov-2017 , 08:19:04 am | Posted By CASANSAAR
A plea to regulate the flow of Bitcoin and ensure that this virtual currency be made accountable to the exchequer today led the Supreme Court to seek a response from the Centre.
A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud issued notice to the ministries of...
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Third appeal in tax cases should be filed selectively - CBEC
Posted Date : 15-Nov-2017 , 08:14:39 am | Posted By CASANSAAR
The finance ministry has said the tax department should file a third appeal in a case, after losing the first two, only selectively and after a critical examination, a move aimed at cutting down litigations.
The Tax Policy Research Unit (TPRU) had suggested that the revenue department should not ...
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Banks, telecos to indicate deadline for linking Aadhaar - SC
Posted Date : 04-Nov-2017 , 09:34:59 am | Posted By CASANSAAR
The Supreme Court today made it clear that banks and telecom service providers will have to indicate the last date of linking bank accounts and mobile numbers with Aadhaar in their communications with customers.
Currently, the last date to link Aadhaar with bank accounts is December 31 this year ...
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SC seeks details of 1,581 cases against MPs and MLAs
Posted Date : 01-Nov-2017 , 09:30:39 pm | Posted By CASANSAAR
The Supreme Court today directed the Centre to place before it details regarding 1,581 cases involving MPs and MLAs, as declared by politicians at the time of filing their nominations during the 2014 general elections.
The apex court asked the government to apprise it as to how many of these 1,58...
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Govt working on new consumer protection law - PM
Posted Date : 26-Oct-2017 , 08:52:13 pm | Posted By CASANSAAR
Prime Minister Narendra Modi on Thursday said a new consumer protection law is on the anvil to crack down on misleading ads and ensure that grievances are redressed in a time-bound and cost-effective manner.
He said, the Government is committed towards consumer interest protection and is in proce...
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SC to hear petition against linking Aadhaar to bank accounts and mobile
Posted Date : 16-Oct-2017 , 03:06:15 pm | Posted By CASANSAAR
service, a petition has been filed in the Supreme Court challenging the government's directive to link the two with Aadhaar numbers. According to petition, filed by activist Dr. Kalyani Menon Sen, the government's rule on linking Aadhaar violates the fundamental right to privacy and equates ...
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Govt cuts excise duty on petrol, diesel by Rs 2/litre
Posted Date : 04-Oct-2017 , 08:16:47 am | Posted By CASANSAAR
Bowing to public pressure, the government today cut excise duty on petrol and diesel by Rs 2 per litre to moderate the relentless rise in fuel prices witnessed for the last three months.
"Govt of India has reduced Basic Excise Duty rate on petrol and diesel [both branded and unbranded] by Rs...
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Seeking bank employees' personal info exempted under RTI - SC
Posted Date : 04-Sep-2017 , 08:26:12 am | Posted By CASANSAAR
The Supreme Court has held that seeking information about individual bank employees which were personal in nature and devoid of any public interest, was exempted under the Right to Information (RTI) Act.
The court made the observation while allowing an appeal filed by Canara Bank challenging an o...
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Rajiv Mehrishi to be next CAG; Sunil Arora as next Election Commissioner
Posted Date : 01-Sep-2017 , 09:07:45 am | Posted By CASANSAAR
Former home secretary Rajiv Mehrishi is to be the next Comptroller and Auditor General (CAG) of India.
He will replace the present incumbent Shashi Kant Sharma who completes his term on 30th of this month. Mehrishi has emerged as the top choice for the post. A formal order on this is expected soo...
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SC declares right to privacy as Fundamental right
Posted Date : 25-Aug-2017 , 07:46:55 am | Posted By CASANSAAR
In a landmark decision, the Supreme Court today declared the right to privacy a fundamental right under the constitution.
A nine-judge constitution bench headed by Chief Justice JS Khehar ruled that right to privacy is an intrinsic part of the Right to Life and Personal Liberty under Articl...
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PF account to be automatically transferred on job switch
Posted Date : 11-Aug-2017 , 10:34:12 am | Posted By CASANSAAR
If you plan to change your weekend jobs next month, you will not have to worry on the Provident Fund aspect.
From September, the Provident Fund of your current organisation will be automatically transferred to the next office that you join, as per a report in the Times of India.
TOI quoting ch...
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Rajya Sabha passes the amended Constitution (123rd Amendment) Bill 2017
Posted Date : 31-Jul-2017 , 10:05:12 pm | Posted By CASANSAAR
The Rajya Sabha today passed the Constitution (One Hundred and Twenty-third Amendment) Bill, 2017 with amendments.
The bill seeks to create a new commission with constitutional status for the OBCs at par with the National Commissions for Scheduled Castes and Scheduled Tribes.
Reply...
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EPFO extends deadline for submitting Aadhaar number to June 30
Posted Date : 08-Jun-2017 , 07:12:24 am | Posted By CASANSAAR
Employees' Provident Fund Organisation, EPFO has extended the deadline for submitting Aadhaar number to 30th of this month for its members.
However, the deadline for submission of Aadhaar number will be 30th of September in case of north-east States.
EPFO has directed its field...
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Petrol prices cut by Rs 2.16 per litre, diesel by Rs 2.10
Posted Date : 16-May-2017 , 10:31:41 am | Posted By CASANSAAR
Petrol prices were on Monday cut by Rs2.16 per litre and diesel by Rs2.10 per litre, reversing the four-week trend of rising fuel prices.
The reduction, which will be effective from Monday midnight, comes on back of a marginal 2 paise per litre increase in petrol and 52 paise per litre hike in di...
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Lok Sabha passes Taxation Laws (Amendment) Bill 2017
Posted Date : 07-Apr-2017 , 07:23:22 am | Posted By CASANSAAR
The Lok Sabha today passed the Taxation Laws (Amendment) Bill,2017 which seeks to amend the Customs Act 1962, the Customs Tariff Act 1975, the Central Excise Act 1944, the Finance Act, 2001 and the Finance Act, 2005 and to repeal certain enactments.
The Customs Act is proposed to be amended to in...
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Cabinet approves changes to Motor Vehicles (Amendment) Bill 2016
Posted Date : 01-Apr-2017 , 08:39:38 am | Posted By CASANSAAR
The Union Cabinet has cleared changes to the Motor Vehicles (Amendment) Bill, 2016. The decision was taken at a Cabinet meeting held in New Delhi last evening.
AIR correspondent reports that among other decisions, the Cabinet also approved the ratification of two fundamental conventions of ...
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CCI issues order against CIL and its subsidiaries for abusing dominant position, imposes penalty
Posted Date : 25-Mar-2017 , 09:18:31 am | Posted By CASANSAAR
The Competition Commission of India (CCI) has found Coal India Limited (CIL) and its subsidiaries to be in contravention of the provisions of Section 4(2)(a)(i) of the Competition Act, 2002 for imposing unfair/ discriminatory conditions in Fuel Supply Agreements (FSAs) with the power producers for s...
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Railways launches Vikalp scheme to help wait-listed passengers
Posted Date : 23-Mar-2017 , 09:42:32 am | Posted By CASANSAAR
Good news is in store for the Indian Railways. Reeling under massive financial losses, estimated to be at Rs 40,000 crore, the railways might be able to recover an estimated Rs 20 crore every day with its Vikalp scheme, which was launched nationwide on Wednesday.
Under this scheme, wait-listed pa...
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Parliament passes Enemy Property bill
Posted Date : 15-Mar-2017 , 09:12:36 am | Posted By CASANSAAR
Parliament has passed the Enemy Property (Amendment and Validation) Bill, 2016 with the Lok Sabha approving the amendments made to the Bill. The Rajya Sabha had passed the bill with some amendments on Friday.
The amendments to the bill in the Lok Sabha were moved by Home Minister Rajnath Si...
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Trade Mark Rules 2017 come into effect from 06th March
Posted Date : 07-Mar-2017 , 07:19:43 am | Posted By CASANSAAR
The Trade Mark Rules, 2017 have come into effect from 06th March which will replace the erstwhile Trade Mark Rules 2002 and streamline and simplify the processing of Trade Mark applications.
In the revamped rules number of Trade Mark forms have been reduced from 74 to eight. Commerce and In...
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Freedom 251 phone maker Ringing Bells’ MD detained for fraud
Posted Date : 24-Feb-2017 , 11:11:52 pm | Posted By CASANSAAR
Mohit Goel, the Director of Noida-based company Ringing Bells which had announced Freedom251 smartphones at an astonishingly low price of Rs. 251 apiece, was detained on Thursday on allegations of fraud, police said.
Mr. Goel has been detained after owner of Ghaziabad-based Ayam Enterprises filed...
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Bombay High Court bans Mobile, cameras etc.inside Court Halls
Posted Date : 15-Feb-2017 , 08:30:54 am | Posted By CASANSAAR
High Court, Bombay
No.: RG/1611/11/2017
NOTICE
All the parties/litigants and public at large are hereby informed that they shall not take mobile phones, cameras or audio/video recording devices and shall not record anything using them inside the Court Halls. These articles shoul...
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List of Padma Awards 2017 announced by Govt.
Posted Date : 25-Jan-2017 , 06:06:56 pm | Posted By CASANSAAR
Padma Awards - one of the highest civilian Awards of the country, are conferred in three categories, namely, Padma Vibhushan, Padma Bhushan and Padma Shri. The Awards are given in various disciplines/ fields of activities, viz.- art, social work, public affairs, science and engineering, trade and in...
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