Clipped from: https://economictimes.indiatimes.com/news/economy/finance/ibc-review-likely-to-keep-promoters-out/articleshow/83223260.cmsSynopsis The government will examine the Insolvency and Bankruptcy Code (IBC) to stop defaulting promoters from wresting back control of companies by exploiting apparent
Category: Legal
More lenders opting for settlement offers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/more-lenders-opting-for-settlement-offers/articleshow/83223054.cmsSynopsis Lenders to debt-laden companies are increasingly opting for negotiated settlements with the defaulting borrowers as the absence of time-bound resolutions, significant haircuts on
National floor wages: Govt sets up another panel, gives it 3 years – The Financial Express
lipped from: https://www.financialexpress.com/industry/national-floor-wages-govt-sets-up-another-panel-gives-it-3-years/2264592/ The wage code also empowers the central government to fix national floor level minimum wages (NFLMW), below which no state can set their
Rural India driving Internet user base, says report; cheaper data plans and devices fuelling growth – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/rural-india-driving-internet-user-base-report-cheaper-data-plans-and-devices-fuelling-growth/2264706/ Vernacular, voice and video are projected to emerge as major game-changers for the digital ecosystem over the next few years. This, analysts say,
What is the Model Tenancy Act all about? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/video/what-is-the-model-tenancy-act-all-about/article34719400.ece?homepage=true The Union Cabinet, on Wednesday, approved the Model Tenancy Act. The Housing and Urban Affairs Ministry has said that “MTA envisages to balance
ICAI issues exposure draft of self-evaluation matrix for audit firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/icai-issues-exposure-draft-of-self-evaluation-matrix-for-audit-firms/article34716686.ece Centre for Audit Quality expected to issue the final version on July 1 The CA Institute has now set the ball rolling on
Multiple petitions in SC for contempt of court proceedings against RBI Governor, others–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/multiple-petitions-filed-in-sc-for-contempt-of-court-proceedings-against-rbi-governor-others/story/440379.html The petitioners — M/s Azeez Trading Company, Umrazz Trading Corporation, Ajay Hotel and Restaurant, Latur, Maharashtra — have filed their plea through lawyer
Ending encryption: On enforcing traceability on popular messaging apps – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/ending-encryption-on-enforcing-traceability-on-popular-messaging-apps/article34693043.ece Enforcing traceability on popular messaging apps will encroach into user privacy Barely a day before the Information Technology (Intermediary Guidelines and Digital Media Ethics
‘User privacy remains highest priority’: WhatsApp responds to Centre’s ‘trick consent’ remark–business today
Clipped from: https://www.businesstoday.in/technology/news/user-privacy-remains-highest-priority-whatsapp-responds-to-centres-trick-consent-remark/story/440766.html WhatsApp clarified that it accords highest priority to the privacy of its users and that it will not confine its functionality for users
Green Card: Bill to remove per country cap on Green Card introduced in US Congress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/bill-to-remove-per-country-cap-on-green-card-introduced-in-us-congress/articleshow/83194004.cmsSynopsis The Equal Access to Green cards for Legal Employment (EAGLE) Act, 2021 needs to be passed by the Senate before it can be
Government forms expert group to provide recommendations on fixation of minimum wages – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/government-forms-expert-group-to-provide-recommendations-on-fixation-of-minimum-wages/articleshow/83200346.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The expert group will be chaired by professor Ajit Mishra, director, Institute of Economic Growth and will have five members including DPS Negi
Can’t have auto-restoration of slots to Jet Airways: Centre tells NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/can-t-have-auto-restoration-of-slots-to-jet-airways-centre-tells-nclt-121060301091_1.html The Kalrock – Jalan consortium, who are successful resolution applicants of Jet Airways, said they were under the impression that slots and traffic
Journalists are entitled to protection against sedition: SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/sc-quashes-fir-against-vinod-dua-for-sedition/article34713988.ece?homepage=true The case pertains to Vinod Dua for his remarks about the Prime Minister and the Centre. The Supreme Court on Thursday quashed a
SME Chatroom: ‘No GST on expenses incurred as pure agent’ | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-no-gst-on-expenses-incurred-as-pure-agent-121053100884_1.html You need not include the costs and expenses you incur as a ‘pure agent’ in the value of taxable supplies, provided you fulfil
Who can get antibody cocktail for Covid-19 and how it works | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/decoded-who-can-get-antibody-cocktail-for-covid-19-and-how-it-works-121060201562_1.html Used to treat only mild to moderate disease in high-risk Covid-19 patients, doctors feel the treatment can bolster the fight against severe disease
10 mn vacant homes may find takers as Cabinet approves Model Tenancy Act | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/10-mn-vacant-homes-may-find-takers-as-cabinet-approves-model-tenancy-act-121060201132_1.html New law makes renting out urban or rural property without a written agreement illegal, seeks to balance the interest of homeowners and tenants
User privacy highest priority: WhatsApp response to govt affidavit in Court | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/user-privacy-highest-priority-whatsapp-response-to-govt-affidavit-in-court-121060301239_1.html Messaging platform says govt is trying to stop privacy policy update, which is a private contract between WhatsApp and its users, without any
Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/fraud-charges-dubai-based-billionaire-b-r-shetty-to-drag-bob-to-court-121060201664_1.html Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by
Google search engines not an intermediary under new IT Rules, says co | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/google-search-engines-not-an-intermediary-under-new-it-rules-says-co-121060200631_1.html Files an appeal to set aside part of an order passed by Delhi HC in April that regards the search engine as a
Banks, asset managers want RBI to allow sale of fraud loans to ARC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-asset-managers-want-rbi-to-allow-sale-of-fraud-loans-to-arc/articleshow/83176692.cmsSynopsis Stakeholders believe that since there has been negligible recovery in such fraud cases from either the bankruptcy mechanism or the DRT, allowing such
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