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News Category : General

Petrol prices hiked by 17 paise a litre, Diesel by 21 paise per ltr
Posted Date : 15-May-2018 , 10:10:48 am | Posted By CASANSAAR

Petrol and diesel prices have been increased. Cost of petrol has been raised by 17 paise a litre and diesel by 21 paise per litre in Delhi . Fuel prices were last hiked 19 days ago.  With this, diesel prices touched an all-time high of 66 rupees 14 paise in the national capital. Petrol price...

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Category : General | Comments : 0 | Hits : 236

Court issues fresh order to attach Mallya's properties in PMLA case
Posted Date : 09-May-2018 , 03:22:35 pm | Posted By CASANSAAR

A Delhi court today issued fresh directions to attach the properties of businessman Vijay Mallya, who was declared a proclaimed offender for evading summons in a money laundering case related to FERA violations. Chief Metropolitan Magistrate Deepak Sherawat issued the order after advocate N K Mat...

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Monthly payroll reporting for formal sector introduced for regular assessment of employment in sector
Posted Date : 27-Apr-2018 , 12:28:55 pm | Posted By CASANSAAR

India has introduced monthly payroll reporting for the formal sector to facilitate analysis of new and continuing employment. It will put an end to all speculations and conjectures regarding job creation in the economy.  The payroll data from Employees’ Provident Fund Organisation (EPF...

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Category : General | Comments : 0 | Hits : 1892

Diesel price hits all-time high, petrol prices highest in 4 years
Posted Date : 02-Apr-2018 , 09:22:04 am | Posted By CASANSAAR

Petrol price today hit a four-year high of 73 rupees 73 paise a litre, while diesel rates touched an all-time high of 64 rupees 58 paise in the national capital.  State-owned oil firms, which have been since June last year revising auto fuel prices daily, today raised petrol and diesel rates...

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Category : General | Comments : 0 | Hits : 319

Parliament passes Payment of Gratuity Bill
Posted Date : 22-Mar-2018 , 07:30:33 am | Posted By CASANSAAR

Parliament gave its seal of approval to the Payment of Gratuity (Amendment) Bill, 2018 with the Rajya Sabha adopting it today. The bill was passed by voice vote during Zero Hour without discussion. The Lok Sabha had already passed the bill last week. Moving the Bill, Labour Minister Santosh Kumar...

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Category : General | Comments : 0 | Hits : 439

Delhi HC issues notice to Raja, Kanimozhi on ED, CBI appeal in 2G scam case
Posted Date : 21-Mar-2018 , 02:06:59 am | Posted By CASANSAAR

The Delhi High Court today issued a notice to former Telecom Minister A Raja, DMK MP Kanimozhi and others on the Enforcement Directorate, ED's plea challenging their acquittal in a money laundering case arising out of the 2G spectrum allocation scam. Justice SP Garg issued another notice to t...

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Category : General | Comments : 0 | Hits : 179

Foreign lawyers, firms cannot practice law in India - Supreme Court
Posted Date : 13-Mar-2018 , 08:50:51 pm | Posted By CASANSAAR

Foreign lawyers cannot carry out any litigation or non-litigation work in India on a permanent basis, the Supreme Court held in a ruling, which also gives the Bar Council of India (BCI) regulatory control over overseas legal professionals even if they are in the country on temporary assignments.&nbs...

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Category : General | Comments : 0 | Hits : 321

SC indefinitely extends March 31 deadline for mandatory Aadhaar linking
Posted Date : 13-Mar-2018 , 06:24:17 am | Posted By CASANSAAR

The Supreme Court has ruled that for now, citizens do not have to link their Aadhaar numbers to a range of services including bank accounts and mobile phones. The top court said that a biometric ID is mandatory for accessing social welfare schemes and subsidies, but till it decides on whether the go...

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Category : General | Comments : 0 | Hits : 1367

Cabinet approves the Arbitration and Conciliation (Amendment) Bill, 2018
Posted Date : 08-Mar-2018 , 08:40:48 am | Posted By CASANSAAR

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Arbitration and Conciliation (Amendment) Bill, 2018 for introduction in the Parliament. It is a part of the efforts of the Government to encourage institutional arbitration for settlement of disputes and make India a cen...

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Category : General | Comments : 0 | Hits : 377

First sale of Electoral Bonds to commence from 1st March
Posted Date : 26-Feb-2018 , 01:17:43 am | Posted By CASANSAAR

The first sale of Electoral Bonds will commence from the 1st of next month for a period of ten days.  The Ministry of Finance said, State Bank of India has been authorized to issue and encash Electoral Bonds initially at its four authorised branches.  Electoral Bond will be valid for...

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Category : General | Comments : 0 | Hits : 448

EPFO declares 8.55% interest rate for FY18, lower than 8.65% for FY17
Posted Date : 22-Feb-2018 , 10:30:59 am | Posted By CASANSAAR

Retirement fund body EPFO today lowered the rate of interest on employees provident fund to 8.55% for its over 6-crore subscribers for 2017-18, from 8.65% in the previous fiscal. "It is difficult to evaluate about future in view of present economic scenario. We paid 8.65% last fiscal, which ...

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Category : General | Comments : 0 | Hits : 219

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018
Posted Date : 21-Feb-2018 , 08:40:46 am | Posted By CASANSAAR

In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to introduce the following bills in the Parliament:-  (a) Banning of Unregulated Deposit Schemes Bill, 2018 in parliament & (...

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Category : General | Comments : 0 | Hits : 505

Government of India makes Amendments in Small Savings Act
Posted Date : 14-Feb-2018 , 09:13:35 am | Posted By CASANSAAR

The Government gives highest priority to the interest of small savers, especially savings for the benefit of girl child, the senior citizens and the regular savers who form the backbone of our country’s savings architecture. In order to remove existing ambiguities due to multiple Acts and rule...

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Category : General | Comments : 0 | Hits : 633

Competition Commission slaps Rs 136 crore penalty on Google
Posted Date : 09-Feb-2018 , 09:22:24 am | Posted By CASANSAAR

The Competition Commission on Wednesday imposed a fine of Rs 136 crore on internet giant Google for unfair business practices in the Indian market for online search. After a detailed probe on the complaints filed in 2012, the regulator through a majority order said the penalty is being imposed on...

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Category : General | Comments : 0 | Hits : 716

UIDAI permits face recognition for Aadhaar authentication
Posted Date : 16-Jan-2018 , 08:33:03 am | Posted By CASANSAAR

Aadhaar will include face recognition alongside iris or fingerprint scan as a means of verifying users, helping those who face issues in biometric authentication or have worn-out fingerprints, the authority in charge of the national identity card system said today. The face authentication will be...

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Category : General | Comments : 0 | Hits : 280

Nation celebrates 155th birth anniversary of Swami Vivekananda
Posted Date : 12-Jan-2018 , 09:31:25 am | Posted By CASANSAAR

Nation is celebrating the 155th birth anniversary of Swami Vivekananda today.  One of the greatest spiritual leaders of India Swami Vivekananda had introduced Indian philosophies of Vedanta and yoga to the western world.  He became popular in the western world after his famous speech...

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Category : General | Comments : 0 | Hits : 268

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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Category : General | Comments : 0 | Hits : 197

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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Category : General | Comments : 1 | Hits : 1293

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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Category : General | Comments : 0 | Hits : 1112

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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Category : General | Comments : 0 | Hits : 431

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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Category : General | Comments : 0 | Hits : 565

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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Category : General | Comments : 0 | Hits : 289

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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Category : General | Comments : 0 | Hits : 124

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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Category : General | Comments : 0 | Hits : 252

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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Category : General | Comments : 0 | Hits : 192

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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Category : General | Comments : 0 | Hits : 370

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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Category : General | Comments : 0 | Hits : 155

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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Category : General | Comments : 0 | Hits : 167

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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Category : General | Comments : 0 | Hits : 321

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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Category : General | Comments : 0 | Hits : 224

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