MONEY BILL CONTROVERSY
US House passes $1.2 trillion spending bill, sends to Senate
The Republican-controlled U.S. House of Representatives on Friday passed a $1.2 trillion bill to keep the government funded through September, leaving the Democratic-majority Senate hours to act before a partial government shutdown deadline at midnight.
Temple Bill passed in Karnataka Assembly again after its defeat in Council
A bill that sought to collect funds from temples with over Rs 10 lakh annual income, which was defeated by the opposition BJP-JD(S) combine in the legislative council last week, was taken up for reconsideration and passed by the legislative assembly once again on Thursday. The Karnataka Hindu Religious Institutions and Charitable Endowments (Amendment) Bill, 2024, will now be sent to the Governor directly for his assent, following which it will become law.
Paytm Payments Bank: The controversies and challenges ahead for India's fintech poster boy
The RBI's action prohibits the bank from accepting further deposits, conducting credit transactions, or carrying out top-ups on customer accounts after February 29. Paytm wallet users will still be able to use their existing balance until it is exhausted, but they will not be able to add any more money to their accounts. The RBI's move comes after concerns were raised about money laundering and questionable dealings within the bank.
Inside Amazon’s effort to challenge Elon Musk’s Starlink internet business
Project Kuiper is among the Seattle-based company’s biggest bets, one of just a few that have survived two years into a cost-cutting drive that has eliminated many of the speculative projects started late in Jeff Bezos’s tenure as chief executive officer.
Zerodha co-founder Nikhil Kamath responds to troll over Nas Daily meet-up
Zerodha's Nikhil Kamath rebutted a troll linking him to Nas Daily amid crypto controversies. Following CZ's resignation from Binance, netizens connected Nas to the fallen crypto figures, prompting Kamath's unexpected response with a photo of Bill Gates alongside Nas. This contrasted Nas's associations, sparking varied reactions. Earlier, Kamath's encounter with Gates in India surfaced, showcasing a positive connection.
Controversy erupts as Bill to revise emoluments of MLAs introduced in Bengal assembly
Controversy arose in the Bengal assembly as the Members' Emoluments (Amendment) Bill 2023 was introduced without the approval of Governor CV Ananda Bose. State Minister for Parliamentary Affairs Sobhondeb Chattopadhyay claimed to have sent the bill for approval on October 13, but it was not granted. BJP leader Suvendu Adhikari argued that the bill's introduction without the Governor's approval was illegal.
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How SC's decision on Money Bill will impact LIC IPO, Aadhaar & ED's powers
The constitutionality of several controversial amendments passed by the Modi government, including the Aadhaar Act, Prevention of Money Laundering Act (PMLA), and amendments to the LIC Act, will be examined by a seven-judge bench. The bench will consider the scope of Article 110, which defines a money bill, and its impact on the status quo.
SC to constitute seven-judge bench to consider issue relating to Money Bill
A money bill is a piece of legislation which can be introduced only in the Lok Sabha and the Rajya Sabha cannot amend or reject it. The Upper House can only make recommendations which may or may not be accepted by the Lower House. A bench headed by Chief Justice D Y Chandrachud said all pending seven-judge bench matters will be listed on October 12 for procedural directions.
Just how much does it cost to have a four-legged friend? More than you could have ever imagined!
Pets are our faithful companions, but the costs to care for them can add up
Women applying for jobs to Bill Gates's office were asked sexually explicit questions, details about extramarital affairs: Report
This shocking revelation is the latest addition to Gates’s list of controversies. In 2019, the billionaire hit headlines, after news of a longstanding affair with a Microsoft employee became public.
Punjab Assembly passes bill to replace governor with CM as chancellor of state universities
The Punjab Assembly has passed the Punjab Universities Laws (Amendment) Bill, 2023, which replaces the governor as the chancellor of state-run universities with the chief minister. The ruling Aam Aadmi Party and the Shiromani Akali Dal, as well as a single Bahujan Samaj Party member, supported the bill.
After sailing through House on bipartisan vote, Biden-McCarthy debt ceiling deal now goes to Senate
The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden's desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills.
Here's what's in, what's out of the debt limit bill to avert US default
President Biden and House Speaker Kevin McCarthy are pushing a 99-page bill to suspend the US debt limit through 2025, avoiding federal default while limiting government spending and funding medical care for veterans. Lawmakers have begun scrutinizing and debating the legislation. The bill would keep non-defence spending roughly flat in the 2024 fiscal year and increase it by 1% in the following year, while also requiring Congress to approve 12 annual spending bills.
Britain's controversial asylum plan explained
Interior minister Suella Braverman says that as many as 80,000 could cross by the end of the year, and that the "broken" asylum system is costing UK taxpayers £3 billion ($3.55 billion) annually. She and Prime Minister Rishi Sunak also argue that their approach is more "compassionate" than allowing cross-Channel tragedies to occur.
Walmart, others face $1B tax bill for PhonePe relocation; Google told to deposit 10% of CCI fine
Google, which is appealing a ruling and Rs 1,337 crore fine imposed by India’s competition watchdog in October for alleged abuse of its dominance in the mobile OS market, has now been asked to deposit 10% of this sum with the National Company Law Appellate Tribunal. The NCLAT has also refused to stay the fine, and will next hear Google’s appeal on February 13.
The future of work from office: will it exist? What will it look like?
To bring the best out of their employees, the organisations should empower people with more trust, more control over their time and all the resources they need
Consumer internet firms seek clarity on telecom bill; exclusive interview with Wipro CEO
They are seeking a clearer definition of “communication” and “over-the-top” service providers in the new rules, the sources said.
India's vaccination record one of the best for its income level: Bill Gates
The development of vaccines, notably in India, has benefited from funding by the Bill and Melinda Gates Foundation. In a new book, ' How to Prevent the Next Pandemic' the foundation's co-chairman Bill Gates reflects on the lessons from the pandemic and how to prevent the next one.
Florida passes bill that sets off controversy, Biden admin to monitor closely
Florida Gov Ron DeSantis recently signed a law relating to parental rights, and the Biden administration called it controversial. The administration stated that they would monitor the law and ensure that it is not violating any Civil Rights laws.
The art of self-regulation by crypto players; Tata Digital’s payments play
With India's cryptocurrency laws likely to be delayed further, crypto exchanges are debating updates to their self-regulatory code of conduct to avoid run-ins with the authorities.
Government introduces Limited Liability Partnership Amendment Bill in Rajya Sabha
The Limited Liability Partnership (Amendment) Bill, 2021 was introduced by Minister of State for Corporate Affairs Rao Inderjit Singh on the floor of the Upper House amidst protests and sloganeering by the Opposition over various issues, including the Pegasus snooping controversy and farm laws.
UK's Boris Johnson faces watchdog probe over luxury holiday
Kathryn Stone, the current Parliamentary Commissioner for Standards, is looking into the controversial trip to the privately owned island of Mustique over Christmas 2019 by the UK leader and his fiancee Carrie Symonds.
How will Bill and Melinda Gates' divorce impact their charity?
Here, AFP takes a look at the Gates Foundation, from how it works and what projects it finances, to its impact on the pandemic and how the non-profit may be impacted by the split.
Policyholders get only 45-80% of Covid bills
“How can a hospital treat a patient without PPEs?” asked an official at the Insurance Ombudsman office . "We used to get a few cases last year, now we have 88 pending cases, 70% to 80% of which are short settlements,” the official said.
How pandemic bonds became the world's most controversial investment
The harshest critics of the World Bank's experiment have questioned whether it’s appropriate to tie responsibility for public health to private investment at all.
China passes draft of controversial Hong Kong security law
China's legislature on Thursday passed a draft of a national security bill for Hong Kong that has been strongly criticized as undermining the semi-autonomous region's legal and political institutions.
Money trouble: Alan Turing, Jane Austen, Queen Elizabeth - prominent people who featured on banknotes & stirred controversy
Turing, who was persona non grata in the UK for the better part of the previous century, will now be the face of the new £50 note.
Here are changes in the Finance Bill that will affect your money matters
Here are five important amendments and clarifications that can be pertinent for the common man.
FPIs hail exemption from controversial tax law
Overseas fund managers had sought clarity on the Central Board of Direct Taxes (CBDT) notice that said FPIs would be subject to tax on indirect transfer of shares.
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