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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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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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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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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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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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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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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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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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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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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0 | Hits : 794
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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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