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Feb

21

February 21 , 2024 | Posted by kaviraj |

LIC grabs Rs. 21,740 Cr Refund from Income Tax Dept

India’s Life Insurance Corporation ( LIC ) recently disclosed receiving tax refund orders totaling ₹21,740.77 crore from the Income Tax Department. These refunds pertain to Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19, and 2019-20, with the overall refund amounting to ₹25,464.46 crore. On February 15, 2024, the Income Tax Department disbursed ₹21,740.77 crore, while

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Feb

21

February 21 , 2024 | Posted by kaviraj |

Won’t Allow Proxy Litigation Against UAPA Provisions: SC

The Supreme Court said on February 14 it will not allow “proxy litigation” contesting the constitutional validity of the provisions of the Unlawful Activities (Prevention) Act (UAPA) and would hear challenge to the vires of the anti-terror law by only those who are personally aggrieved by it. Questioning how the petitioners are affected, a bench

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Feb

14

February 14 , 2024 | Posted by kaviraj |

Uttarakhand Becomes First State To Clear Uniform Civil Code Bill

The Uniform Civil Code (UCC), Uttarakhand, Bill 2024, which seeks to “govern and regulate the laws related to marriage and divorce, successions, live-in relationships, and matters related thereto” was passed in the Assembly on February 7 following a two-day discussion. The Bill will now be sent to President Droupadi Murmu for her assent after which it will become

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Feb

14

February 14 , 2024 | Posted by kaviraj |

India Halts Visa-Free Entry From Myanmar

Home minister Amit Shah on February 7 announced the decision to scrap the free movement regime (FMR) with Myanmar in the interest of internal security of the country and to maintain the demographic structure of the northeastern states bordering Myanmar. Pending the formal scrapping of FMR by the Union ministry of external affairs, the home ministry also recommended immediate

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Feb

6

RBI Bars Paytm Payments Bank From Accepting Deposits In Any Customer Account From March

The Reserve Bank of India (RBI) on January 31 imposed restrictions on Paytm Payments Bank Ltd (PPBL), following a system audit report and subsequent compliance validation report of external auditors.  PPBL is barred from accepting deposits or top-ups in any customer account, wallets or FASTags after February 29 under section 35A of the Banking Regulation Act, 1949. 

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Jan

15

Supreme Court Refuses To Stay New Law On Appointment Of CEC, ECs

The Supreme Court on January 12, 2024, refused to stay the operation of the new law providing for appointment of chief election commissioner (CEC) and election commissioners (ECs) by a panel that does not include the Chief Justice of India (CJI). “We will not stay it… stay is not possible. It’s a statutory provision,” said

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Jan

15

Allahabad HC Clubs 15 Suits Linked To Krishna Janmabhoomi, Shahi Idgah

On an application filed by the Hindu plaintiffs, the Allahabad High Court on January 11, 2024 consolidated 15 suits related to the Sri Krishna Janmabhoomi-Shahi Idgah Masjid dispute in Mathura. On December 14, the High Court had allowed an application for the appointment of a commission to inspect the Shahi Idgah mosque complex. Before that in May 2023,

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