LEGISLATIVE BRANCH OF INDIA
Climate change: Cos need some big changes on compliances
World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Prime Database.
Former CJI Ranjan Gogoi draws line between ‘judicial activism' and ‘judicial overreach'
Former CJI Ranjan Gogoi stresses the importance of balancing free speech and preventing misinformation while addressing the judicial backlog, quality justice, ethical standards, and the erosion of faith in the judiciary at the 76th Gauhati High Court foundation day.
RBI deputy governor flags business risks for NBFCs
Addressing a NBFC summit organised by the Confederation of Indian Industry (CII) Rao said though total assets of NBFCs have increased to 18.7% of the banking sector assets from 13% a decade ago, there are certain risks in their business models or balance sheets which need to be monitored for necessary actions.
Amid poaching fears, Bihar Congress MLAs flown to Hyderabad: Sources
Amid fears of poaching by the BJP-led NDA, almost all Congress MLAs in Bihar, except three, were flown to Hyderabad. Congress has 19 MLAs in the state assembly, and 16 of them turned up for a meeting in Delhi. AICC Bihar in-charge Mohan Prakash neither confirmed nor denied the development but stated that JD(U) legislators are under pressure due to voters' anger against them. The move comes after the recent switch by Chief Minister Nitish Kumar to the NDA, causing shockwaves in the political landscape of Bihar. The BJP and JD(U) together have an absolute majority in the assembly.
SBI authorised to issue and encash electoral bonds through 29 branches
The State Bank of India (SBI) has been granted authorization by the Ministry of Finance for the issuance and encashment of electoral bonds through its 29 authorized branches. The bonds are valid for fifteen calendar days from the date of issue and can be purchased by citizens or incorporated or established individuals.
Sale of 30th tranche of electoral bonds to start on Tuesday
The finance ministry further said electoral bonds will be valid for 15 calendar days from the date of issue, and no payment will be made to any payee political party if the bond is deposited after the expiry of the validity period.
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How nations are losing a global race to tackle AI's harms
EU lawmakers had gotten input from thousands of experts for three years about AI, when the topic was not even on the table in other countries. The result was a "landmark" policy that was "future-proof," declared Margrethe Vestager, EU's head of digital policy. Then came ChatGPT.
Several mergers and acquisitions on halt as India Inc checks tax liabilities amid increasing GST notices
Several mergers and acquisitions (M&As) are understood to have been delayed or put on the backburner as tax experts assist companies in figuring out the impact of GST on proposed deals.
ED arrests Punjab AAP MLA in bank fraud-linked money laundering case
Punjab AAP MLA Jaswant Singh Gajjan Majra was on Monday arrested by the Enforcement Directorate in connection with a money laundering investigation linked to a bank fraud case, official sources said.
29th tranche of electoral bonds okayed; sale to begin from November 6
The decision comes as campaigning heats up in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram. These elections will be spread over the November 7-30 period. Votes will be counted on December 3.
Former Hamas chief's address at pro-Palestinian protest in Kerala sparks row as he speaks against Hindutva, Zionism
Israel's envoy to India, Naor Gilon, expressed shock over the virtual attendance of former Hamas leader Khaled Mashal at a pro-Palestine protest in Kerala and claimed it was time to put Hamas on India's terror list. The Jamaat-e-Islami in Kerala's youth arm, Solidarity Youth Movement, organised the event, which Mashal essentially addressed.
Govt approves 28th tranche of electoral bonds; sale from Oct 4
The authorised SBI branches include those in Bengaluru, Lucknow, Shimla, Dehradun, Kolkata, Guwahati, Chennai, Patna, New Delhi, Chandigarh, Srinagar, Gandhinagar, Bhopal, Raipur, and Mumbai. SBI is the only authorised bank to issue electoral bonds.
Cong top brass discuss poll strategy at extended CWC meet; Kharge calls for unity, discipline
The Congress party held an extended meeting of its apex decision-making body, the Congress Working Committee (CWC), to discuss strategies for the upcoming Assembly and Lok Sabha polls, as well as ways to strengthen the organization. The party also announced six guarantees for the Telangana assembly elections during a mega rally.
US and like-minded countries including India need to work together to shape course of AI: Dr Arati Prabhakar
Prabhakar, 64, who is serving as the 12th director of the White House Office of Science and Technology Policy (OSTP) and Science Advisor to the President since October 3, 2022, said artificial intelligence is a global technology.
Government approves 27th tranche of electoral bonds; sale from Monday
The government on Friday approved the issuance of the 27th tranche of electoral bonds that will open for sale on July 3. The decision comes ahead of assembly elections of Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram. Poll dates are likely to be announced in a couple of months.
EU MiCA and its takeaways for VDA regulations in India
In April 2023, the European Union passed the Markets in Crypto Assets (MiCA) Legislation, providing a framework for regulating cryptocurrency. MiCA's broad inclusion of 10 categories of crypto asset service providers and its definitions of asset categories and issuers show forward-thinking. India, with one category (VDAs), offers an opportunity to lead the change from a centralized to a decentralized internet. Incorporating some MiCA regulations could provide India with a common framework for regulation across borders and contribute to India's reach for a global framework for VDAs.
Uddhav faction of Shiv Sena won't be able to cross 50 seats in next Mumbai civic polls: BJP
The Uddhav Thackeray-led Shiv Sena won't be able to win more than 50 seats in the next elections to the Mumbai civic body, city BJP president Ashish Shelar claimed on Sunday. The Brihanmumbai Municipal Corporation (BMC) has 227 seats.
India, a Capitol idea: The rising heft of India caucus in US
Over the years, the influence and membership of the India caucus has waxed and waned depending on the co-chairs. Many have treated the caucus merely as a vehicle to collect funds from Indian Americans, and not much more. As a collective body, the caucus has rarely spoken on India-related issues, especially the difficult ones. Khanna wants to change things.
Unclaimed deposits of Rs 35,012 crore with PSU banks transferred to RBI: MoS Finance Bhagwat Karad
"As per information available with the RBI, as of the end of February 2023, the total amount of unclaimed deposits transferred to RBI by PSBs in respect of deposits which have not been operated for 10 years or more was Rs 35,012 crore," Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha.
Government clears 26th tranche of electoral bonds; sale from Monday
State Bank of India (SBI), in the 26th phase of sale, has been authorised to issue and encash electoral bonds through 29 authorised branches from April 3-12, the finance ministry said in a statement.
Electoral bonds' latest tranche goes on sale via 29 SBI branches from today
A person being an individual can buy electoral bonds, either singly or jointly with other individuals. Only political parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which have secured not less than one per cent of the votes polled in the last general election to the Lok Sabha or state legislative assemblies are eligible to receive these bonds.
View: What is Joe Biden's plan to strengthen India-US relations?
American voters rejected the radicals - midterm results show the centre can hold (for now). It was a good moment for Biden to turn 80. But the first octogenarian in the Oval Office faces a divided government for the remainder of his term. A Republican-controlled House will try to undermine his agenda and, perhaps, launch an investigation against a cabinet member or two for endangering homeland security by 'ignoring' illegal immigration.
US House recommends CAATSA waiver for India
The CAATSA sword has been hanging over the US-India relationship ever since India went for the Russian S-400 missile defence system. While it passed the House, the amendment must still clear the Senate to be truly meaningful.
Legislation introduced in US Senate to reform and stop abuse of H-1B visa system
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
Legislation introduced in US Senate to reform and stop abuse of H-1B visa system
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
A vista for the future: Central Vista spending isn’t hurting other priorities. And iconic buildings won’t be demolished
Built in times when even window air conditioning and telephone were considered luxuries, digital age was decades away and space was plentiful, these buildings are highly inefficient at accommodating modern amenities and technologies and make highly inefficient use of space.
Public sector bank auditors ask RBI to add more agencies as work surges
Auditors have argued that increasing the manpower for inspecting bank books is important to maintain the quality of the exercise.
US lawmakers introduce H-1B legislation to give priority to American-educated foreign youths
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.
BJP, Congress among parties yet to submit details to EC on electoral bonds
Sources aware of the development said the BJP, Congress and DMK "at least" have not yet complied with the direction.
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