THE ACT
TN Prohibition Amendment Act, 2024 comes into force
Chief Minister M K Stalin announced the implementation of the Tamil Nadu Prohibition Amendment Act, 2024, aimed at addressing the serious issue of illicit liquor. Following the tragic incident in Kallakurichi where over 60 deaths occurred due to methanol-laced liquor, the amended Act was passed unanimously by the state assembly and received assent from Governor R N Ravi. The new legislation introduces harsher penalties, including life imprisonment for bootleggers in cases resulting in fatalities, and significantly increases fines to deter the manufacture, possession, and sale of illicit alcohol.
CIC has powers to constitute benches, frame regulations, says SC
The Supreme Court reaffirmed the autonomy of the Central Information Commission, stating that its ability to frame regulations for bench constitution falls within the RTI Act. Upheld overturning of Delhi High Court verdict on CIC's powers. Emphasized the need for independence to maintain integrity and efficiency in administrative systems.
People deserve better than a powerless CM: Omar Abdullah after MHA amends J-K Reorganisation Act
Earlier today, the Ministry of Home Affairs amended the Jammu and Kashmir Reorganization Act, 2019 enhancing some powers of the Lieutenant Governor of the erstwhile state.
MHA amends J-K Reorganization Act, boosts LG's powers
The Ministry of Home Affairs has amended the Jammu and Kashmir Reorganization Act, 2019, enhancing the powers of the Lieutenant Governor. The President has approved the amendments, which will come into force on July 12. The changes are related to various government procedures in the Union Territory.
US President Joe Biden signs into law bill enhancing US support for Tibet
President Joe Biden signed "The Resolve Tibet Act," urging China to peacefully resolve its occupation of Tibet through dialogue with the Dalai Lama or his representatives. The Act aims to address China's repression of Tibetan people's rights and promote a negotiated settlement based on international law. It empowers Tibetans to counter Chinese disinformation and calls for genuine autonomy and self-determination for Tibet. The US and Tibetan organisations welcomed the law.
Trai told to suggest pricing & terms for satellite spectrum
The Department of Telecommunications (DoT) has requested the Telecom Regulatory Authority of India (Trai) to propose pricing, terms, and conditions for the administrative allocation of satellite airwaves under the newly enacted Telecommunications Act, 2023. This move comes as the Act mandates spectrum allocation for satellite services without auctions. Trai officials, while confirming the reference from DoT, anticipate providing recommendations after consulting stakeholders, aiming to finalize rules by year-end. This administrative spectrum allocation is intended for point-to-point connections, excluding direct retail consumer services, pending definition through forthcoming regulations.
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Budget 2024: Govt may tweak laws to push banking sector reforms in Budget session
The govt plans to introduce amendments to various banking laws during the Budget session to facilitate banking sector reforms, including privatisation of public sector banks. These amendments aim to decrease government holding in state-owned banks, enhance governance, and protect investors. The upcoming session, starting on July 22, will address these crucial changes.
Arrestee entitled to 'reasons to believe' of arrest: SC to ED
In a landmark ruling, the Supreme Court emphasized that individuals arrested under the Prevention of Money Laundering Act (PMLA) must be provided with the "reasons to believe" that justified their arrest by Enforcement Directorate (ED) officers. The court referred crucial legal questions to a larger bench, including whether the decision to arrest based on "need and necessity" should stand as a distinct ground for challenge. This decision underscores the need for judicial oversight to ensure arrests are not arbitrary and meet statutory requirements. The ruling marks a significant step in clarifying procedural safeguards under PMLA.
Delhi High Court orders income tax exemption for Noida
The Delhi High Court has directed the income tax department to grant income tax exemption to the New Okhla Industrial Development Authority (NOIDA) under Section 10(46) of the Income Tax Act, 1961. The court rejected the Central Board of Direct Taxes' decision that denied NOIDA's request for tax exemptions, stating that the revenue department erred in categorizing NOIDA's activities as commercial.
Budget 2024: Zerodha's Nithin Kamath wants govt to add additional exemption in capital gains tax
Section 54F of the Income Tax Act offers an exemption on long-term capital gains earned from selling assets (excluding residential houses), if the sale proceeds are used to buy or build a new residential house.
Musk's X breached DSA online content rules, EU says
Elon Musk's owned social media platform X (previously known as Twitter) has breached EU online content rules. This move by the European Commission came after a seven-month-long investigation. X was also charged with blocking researchers from accessing its public data.
Government cannot randomly target individuals for citizenship proof: Supreme Court
The Supreme Court ruled that the government cannot randomly target individuals for citizenship proof without valid grounds, emphasising that Section 9 of the Foreigners Act cannot be invoked based on hearsay or vague allegations. Justices Vikram Nath and Ahsanuddin Amanullah overturned a decision declaring a person an illegal Bangladeshi migrant, highlighting the importance of providing individuals with relevant information to defend themselves against such accusations.
Pakistan rules out talks with TTP, urges Afghanistan to act against terror groups
Pakistan has ruled out talks with the Tehreek-e-Taliban Pakistan (TTP), citing their involvement in killings. Pakistan's Foreign Office urged Afghanistan to act against terrorists on its soil. The Illegal Foreign Repatriation Plan has repatriated over half a million undocumented refugees, despite criticism. Islamabad expects Afghan authorities to address terror threats.
Budget 2024: 45-day payment rule for MSMEs must come to an end, industry says
With India’s 63 million MSMEs facing a problem, changes in the ruling can go a long way in keeping buyer-seller equations intact, while also ensuring a steady flow of the payment cycle.
Amazon’s sustainability chief: ‘We have to act now’ on climate
Amazon's focus on electric vehicles and industry partnerships highlights the complexity of transitioning to a sustainable future.
Oil refinery and petro complex in Andhra were UPA Govt's commitment: Congress
Taking note of an ET report about the Centre acceding to Andhra Pradesh chief minister and key NDA ally N Chandrababu Naidu's demands on these projects, the Congress said that as per the 2014 Act, these projects were to be implemented within 10 years and that the Modi regime, having failing to do so, had "only initiated the feasibility study now". It also said that with the BJP no longer in majority in Parliament, rapid implementation of the Act could now be expected.
Ad hoc chair of Kashmir chapter of J&K High Court Bar arrested under PSA
Senior advocate NA Ronga, ad hoc chairman of the J&K High Court Bar Association's Kashmir chapter, was arrested from his home in Srinagar's Nishat area around 1:10 am on Thursday. He has been booked under the Public Safety Act (PSA) and transferred to Kot Bhalwal jail in Jammu, 250 km away.
SC summons chief secretaries, finance secretaries of defaulting states for non-compliance of pay panel's report
According to the details which emerged during the hearing, the court found that Andhra Pradesh, West Bengal, Chhattisgarh, Delhi, Assam, Arunachal Pradesh, Nagaland, Mizoram, Jammu and Kashmir, Jharkhand, Himachal Pradesh, Kerala, Meghalaya, Madhya Pradesh, Tamil Nadu, Manipur, Odisha, Rajasthan, Punjab, Haryana, Sikkim and Tripura were non-compliant states and UTs.
Govt notifies the draft right of way (RoW) rules under the Telecommunications Act 2023
The government has notified draft right of way rules under the Telecommunications Act 2023 to simplify regulatory requirements for telecommunication network establishment. The rules include provisions for compensation, installation rates for small cells, and temporary network deployment. The industry anticipates a smoother process with the new rules, although effective implementation will be key. Companies can apply online for network setup with the required documents. Queries or clarifications can be submitted within 30 days for consideration by the government.
For God's sake, make state advisory board for disabled persons functional in 1 month: HC
The Bombay High Court directed the Maharashtra government to make the state advisory board for policies related to disabled persons functional within a month. The court criticized the government for needing directives to fulfill its statutory obligations under the Rights of Persons with Disabilities Act. The board, non-functional since 2020, must be operational by mid-August.
SFJ part of Khalistani & other anti-national forces: MHA
The Ministry of Home Affairs (MHA) has extended the ban on the terrorist outfit Sikhs For Justice (SFJ) for an additional five years, effective from July 10, 2024. SFJ, led by its chief patron Gurupatwant Singh Pannun based in the US, has been accused of supporting Khalistani groups in India and elsewhere. The ban, issued under the Unlawful Activities (Prevention) Act, 1967, cites SFJ's involvement in activities aimed at disrupting India's sovereignty and territorial integrity, posing threats to internal security and public order.
Rahul Gandhi does Oscar-level acting on protecting Constitution: BRS leader K T Rama Rao
BRS working president K T Rama Rao criticised Rahul Gandhi for "Oscar-level acting on protecting the Constitution" after several leaders defected to Congress. BRS plans legal action against defectors, including filing a petition in the Supreme Court. KTR called out Congress for violating constitutional principles despite promising electoral reforms.
Sebi likely to act against ‘silent’ PMS firms
Regulator Sebi expresses concern over unresponsive PMS firms in the market. Compliance issues and potential misuse of licenses highlighted. APMI maintains communication with compliant members. Sebi closely monitoring the PMS sector with a dedicated team. Further developments expected in this industry.
EU asks Amazon for more info on Digital Services Act compliance
"In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems (...)," the EU said in a statement.
Government notifies additional provisions in Telecom Act 2023
The government has notified new sections of the Telecommunications Act focusing on spectrum utilization and regulatory appointments. The Act aims to enhance efficiency through methods like sharing and trading of spectrum.
These two stocks can act as Rahul Dravid of your portfolio: Gautam Shah
So, I like the power PSUs, but I am not a big fan of the defence and the railway PSUs anymore. And we have seen this post June 4th that PSU as a basket has not been moving with the market on a daily basis.
Know all about the Telecom Act which came into effect on June 26
(DoT) initiated the process in July 2022 and a draft Bill was put out for consultation in September that year. During the consultation process, 60 ministries, 35 associations, 89 companies including seven telcos and internet service providers, and over 700 other entities responded. The Bill was introduced in the Lok Sabha on December 18, 2023, and was passed by the Lower House of Parliament on December 20, 2023 and the Rajya Sabha on the following day.
Kanishka bombing one of worst acts of terrorism: EAM Jaishankar
External Affairs Minister S Jaishankar recalled the 1985 bombing of 'Kanishka' flight as one of the worst acts of terrorism in history, attributed to Sikh militants in retaliation to 'Operation Bluestar'.
Some sections of Telecom Act to come into force from June 26
“In exercise of the powers conferred by sub-section (3) of section 1 of the Telecommunications Act, 2023 (44 of 2023), the Central Government hereby appoints the 26th Day of June 2024, as the date on which the provisions of sections 1, 2, 10 to 30, 42 to 44, 46, 47, 50 to 58, 61 and 62 of the said Act shall come into force,” a gazette notification issued late Friday said. Officials told ET that the new Telecommunications Act and these sections have come into force.
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