Source: newindianexpress.com NEW DELHI: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI), Enforcement Directorate (ED) and PayPal to file a reply to a plea alleging that the company PayPal was operating illegally in the country. A division bench of Chief Justice D.N. Patel and Justice C. Harishankar issued notices to
Source:- businesstoday.in. The Bombay High Court Thursday refused to intervene in the Jet Airways crisis, saying it cannot direct the government and the Reserve Bank of India to rescue a “sick company”. A bench of Chief Justice Pradeep Nandrajog and Justice N M Jamdar dismissed a writ petition seeking the government and the central bank be
Source- ndtv.com India’s economy slowed to 7.1 per cent in the July-September quarter of the year from 8.2 per cent in the previous quarter on the back of a sharp drop in manufacturing, agriculture and mining activities, government data showed on Friday. GDP or gross domestic product has shown the lowest growth in three years but India
Source- ccn.com The Reserve Bank of India (RBI), the central bank of the country, has told the supreme court that the institution’s decision to prohibit crypto trading should not be challenged by local businesses. In an affidavit filed with the supreme court of India, RBI stated: “The impugned circular and the impugned statement neither violate the right
Source- indianexpress.com India expressed concern about the rupee’s decline for the first time and said it’s considering a plan to tap its citizens overseas, according to a government official. The local currency, Asia’s worst-performing major so far this year, which plunged as much as 1.3 percent to a record low Monday, pared losses after the comments.
Source – indiatimes.com The Supreme Court on Monday issued notice to Indian government and messaging service provider WhatsApp after a plea sought direction to restrain the app from proceeding with its payments systems unless it fully complies with RBI’s provisions. A bench of Justice Rohinton Fali Nariman and Justice Indu Malhotra sought response from WhatsApp, Law and Justice Ministry, Finance Ministry and
Source – newindianexpress.com Continuing his attacks on the Modi government in London, Congress chief Rahul Gandhi slammed the Centre for denigrating public institutions, ignoring the poor and insulting citizens by saying no development happened before 2014. “Institutions such as the Supreme Court, the Election Commission of India and the Reserve Bank of India are being torn
Source – newindianexpress.com NEW DELHI: A plea has been filed in the Supreme Court seeking direction to the Centre to restrain WhatsApp from proceeding with its payments systems unless it fully complies with provisions of the RBI. The plea filed by organisation Centre for Accountability and Systemic Change said the messaging platform does not comply
Source – cointelegraph.com India’s central bank, the Reserve Bank of India (RBI), has urged the country’s Supreme Court to regulate cryptocurrencies, local news outlet the Financial Express reports July 21. In April of this year, the RBI announced it will stop providing services to businesses or persons dealing with cryptocurrencies, citing high risks. The RBI’s senior advocate Shyam Divan told a bench led
Source – indiatimes.com NEW DELHI: The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public. The case relates to an RTI application filed by activist Subhash Agrawal who had sought to know the
