The Reserve Bank of India (RBI) on Tuesday issued the final framework for regulatory sandbox in order to enable innovations in the financial technology space.A regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may permit certain regulatory relaxations …
Read More »Monthly Archives: August 2019
GST Council may discuss rate cut for auto
The government is likely todebate lowering the rates on certain categories of automobiles in the next GST Council meeting, according to a Finance Ministry official.It is also likely to look at increasing the rate on premium real estate, but also restore the provision of input tax credit for the segment. …
Read More »US says it’s consulting on Asian missile deployment
Senior U.S. diplomat, Andrea Thompson, said on Tuesday that the U.S. is consulting its allies as it plans to deploy intermediate-range missiles in Asia, a move China says it will respond to with countermeasures. The U.S. has said it plans to place such weapons in the Asia-Pacific following the U.S. …
Read More »Trump says US learning ‘much’ from Russia missile test blast
President Donald Trump said on Monday that the U.S. is learning “much” from a deadly blast during a Russian missile test that caused elevated radiation levels. Experts have linked the blast — which killed at least five people — to the 9M730 Burevestnik nuclear-powered cruise missile.AFP Source : https://www.thehindu.com/todays-paper/tp-international/trump-says-us-learning-much-from-russia-missile-test-blast/article29088569.ece
Read More »Japan ‘in the dark’ over S.Korea trade controls: minister
Japan is “in the dark” as to why South Korea has downgraded Tokyo’s trading status, Trade Minister Sung Yun-mo said on Tuesday. South Korea on Monday created a new category of trading status for Japan, which Mr. Sung said made it “hard to work closely with a country that frequently …
Read More »Saudi-UAE ‘rift’ weakens fight against common foe
Riyadh and Abu Dhabi put on a display of unity over Yemen, but the capture of Aden by UAE-backed separatists exposes simmering divisions that analysts say weaken their joint campaign against Iran-linked rebels.The seizure of the presidential palace in the southern port city on Saturday dealt a fresh blow to …
Read More »U.S. delays tariffs on some Chinese goods, drops others
The U.S. is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street.The Office of the U.S. Trade Representative said on Tuesday that it is still planning to go ahead …
Read More »Fee for SC/ST students restored to Rs. 50: CBSE
On the direction of the Ministry of Human Resource Development, the Central Board of Secondary Education (CBSE) said on Tuesday it has decided to restore the practice of charging only Rs. 50 from Scheduled Caste and Scheduled Tribe students of Delhi government and aided schools. The CBSE had recently hiked …
Read More »Centre’s new app for waste collection
An app that will allow users to have waste — solid, wet or construction and demolition (C&D) — collected by their urban local bodies, was launched by the Union Housing and Urban Affairs Ministry on Tuesday, along with a new protocol on wastewater treatment that would become a part of …
Read More »Illegal immigrants may get into NRC, says NGO
Assam Public Works, the NGO whose petition made the Supreme Court start the exercise to update the National Register of Citizens (NRC) in 2013, has resented the rejection of its plea for 100% re-verification of documents of the applicants. The court on Tuesday declined to reopen the process to conduct …
Read More »Chief Justice advocates more autonomy to CBI
Chief Justice of India Ranjan Gogoi on Tuesday recommended a comprehensive legislation to make the Central Bureau of Investigation functional as an efficient and impartial investigative agency.Delivering the 18th D.P. Kohli Memorial Lecture, Chief Justice Gogoi listed legal ambiguity, weak human resource, lack of adequate investment, accountability, and political and …
Read More »We want to prevent loss of lives in J&K: official
Senior Home Ministry and officials of the J&K police have asserted that barring localised incidents the law and order situation in the Valley has remained peaceful, since the end of special status to the State.On Tuesday, a senior government official said the ongoing restrictions in Kashmir Valley was a “trade-off …
Read More »We are in no hurry: CJI to Ayodhya case lawyers
Mr. Dhavan, in his characteristic style, described the ongoing submissions of senior advocate C.S. Vaidyanathan, for some of the Hindu parties, as sheer “hop, skip and jump”.Mr. Vaidynathan, at the point when Mr. Dhavan rose to voice his displeasure, was reading certain paragraphs of P. Carnegie’s historic sketches, describing the …
Read More »Dilution of Article 370 was arbitrary, says Nyla Ali Khan
Emotional integration of Kashmir into India is unlikely without addressing the aspirations of the Kashmiri people, said Nyla Ali Khan, granddaughter of Sheikh Abdullah, emphasising that revocation of the special status of the State has pushed Kashmiri politicians of every hue into the background.“The revocation of Article 370, bifurcation of …
Read More »Pakistan’s military movement along LoC normal: Army chief
Army chief Bipin Rawat on Tuesday said Pakistani military movement and deployment of resources along the Line of Control are normal as every country takes some precautionary measures.Speaking to journalists on the sidelines of a seminar on defence startups, organised by the Society of Indian Defence Manufacturers and the Confederation …
Read More »EC kicks off delimitation process
As the Election Commission held internal discussions on the delimitation of constituencies ahead of elections to the new Union Territory of Jammu and Kashmir, former Chief Election Commissioner and ex-officio member of the Delimitation Commission N. Gopalaswami said the increase in the number of seats was “an issue which is …
Read More »Enact security regime for NRC data, says SC
The Supreme Court on Tuesday directed Assam National Register of Citizens (NRC) authorities to enact a security regime akin to the Aadhaar data protection before making the information on exclusions and inclusions in the NRC list available to the Centre, Government of Assam and the Registrar General of India.The order …
Read More »Sensex sees record plunge
Global weakness on account of the crash in Argentina’s peso, the continuing political unrest in Hong Kong and the long-drawn U.S.-China trade war led to the Indian benchmarks losing heavy ground on Tuesday, even as strong gains in Reliance Industries (RIL) helped the indices limit the day’s losses.The 30-share Sensex …
Read More »SC not in a hurry with regard to Ayodhya case’
Chief Justice of India Ranjan Gogoi, heading the Constitution Bench hearing the Ayodhya appeals, said on Tuesday that the Supreme Court is not in a hurry. Lawyers need not feel constrained and can argue to their heart’s content. The top judge said lawyers on both sides could raise their arguments …
Read More »‘Normalcy in J&K not possible overnight’
The Supreme Court on Tuesday said restoration of normalcy in Jammu and Kashmir cannot be accomplished overnight.The government, it said, needed “reasonable time” to guide the Valley back to peace without loss of lives. “Who will be blamed if something happens,” the court retorted, when asked by petitioner-activist Tehseen Poonawalla …
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