Eminent persons from various fields have filed an application in the Supreme Court against its order which examined the possibility of curbing advocates from speaking on pending cases. They have argued that the order is in violation of freedom of press under Article 19(1)(a) of the Constitution of India. The order came in the backdrop… Continue reading Media gag on lawyers, litigants violates public’s right to information, eminent persons tell SC
Author: ForumIAS
Central Bank of India to sell NPA’s worth Rs 3300 crores
Central Bank of India have decided to put non-Performing assets(NPA) worth Rs 3,300 crore on sale under the SARFESI Act.These assets are also under the National Company law tribunal(NCLT) resolution process. Non-performing assets(NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.Banks are required… Continue reading Central Bank of India to sell NPA’s worth Rs 3300 crores
Mallya row: SEBI seeks changes to Companies Act
Capital markets regulator,Securities Exchange Board of India(SEBI) has requested the government to amend the Companies Act to ensure that a director declared by Sebi as a disqualified person should immediately vacate the position.This appeal was required due to defaulter businessman Vijay Mallya’s reluctance to vacate his position as a director. Under the Companies Act, the… Continue reading Mallya row: SEBI seeks changes to Companies Act
Bring LPG conversion kits under 5% GST: IAC
Indian Auto LPG Coalition (IAC)has appealed for a reduction in the goods and services tax (GST) rates on LPG conversion kits for automobiles from the current 28% to 5%. This would help boost vehicle conversions to Liquefied Petroleum Gas (LPG) which is an environment-friendly fuel. LPG conversion kits allows vehicles to run on LPG rather… Continue reading Bring LPG conversion kits under 5% GST: IAC
China says it is in “close communication” with India and Pakistan to ease tensions
China has said that it is planning to send a special envoy to ease tensions between India and Pakistan after the Pulwama attack. China agreed with Russia which said that Counter terrorism Mechanism such as Regional Anti terrorist Structure(RATS) under Shanghai cooperation Organisation(SCO) could be used as a forum to discuss India-Pakistan issues.However,India maintains that… Continue reading China says it is in “close communication” with India and Pakistan to ease tensions
China,US close to reaching a trade deal
The United States and China are in the final stage of completing a trade deal.The deal would end the trade war between both the countries that has been escalating since last year. Trade war is a situation where countries restrict each other’s trade by imposing tariff or quota on imports.US had started imposing tariffs on… Continue reading China,US close to reaching a trade deal
ED to review loans sanctioned during Chanda Kochhar’s tenure
Enforcement Directorate(ED) has decided to expand the scope of investigation by reviewing all loans sanctioned during former ICICI MD Chanda kochhar’s tenure. ED had registered the case against Chanda Kochhar under financial provisions of the Prevention of Money Laundering Act (PMLA).They are investigating whether she made any personal gains by alleged irregularities in release of… Continue reading ED to review loans sanctioned during Chanda Kochhar’s tenure
Putin suspends INF treaty with US
Russia officially suspended it’s participation in the Intermediate-Range Nuclear Forces(INF) on the grounds that US have violated the INF treaty. US had already withdrawn from the treaty claiming that Russia had secretly developed a missile that violated the INF. The Intermediate-Range Nuclear Forces(INF) Treaty came into force in 1988. It banned both the Soviet Union(Russia)… Continue reading Putin suspends INF treaty with US
7 banks fined for delayed SWIFT implementation
Reserve Bank of India(RBI) have imposed a monetary fine on 7 Banks for non-compliance with the directions on Implementing the SWIFT software, Society for Worldwide Interbank Financial Telecommunication(SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.In other words,It transports messages… Continue reading 7 banks fined for delayed SWIFT implementation
Pakistan bans UNSC designated outfits; Delhi sceptical
Pakistan has enacted a law United Nations Security Council (Freezing and Seizure) Order, 2019.It was enacted in accordance with the provisions of Pakistan’s United Nations Security Council (UNSC) Act, 1948.It implements United Nations sanctions against individuals and organisation. The objective of the order is that the government will take over the control of assets and… Continue reading Pakistan bans UNSC designated outfits; Delhi sceptical
