Karnataka CM Siddaramaiah’s wife, Parvathi, has offered to surrender 14 plots allotted to her in Mysuru, citing her family’s reputation as a priority. This decision follows allegations of nepotism and corruption against Siddaramaiah, leading to an FIR filed by Lokayukta police.
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Using its extraordinary power under Article 142 of the Constitution, the Supreme Court has ensured admission for a talented Dalit youth at IIT-Dhanbad by creating an additional seat, after he missed the fee deadline. The court emphasized the importance of providing such opportunities to deserving students.
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In a major move, Sebi proposed expanding T+0 settlement from 25 to 500 stocks to enhance liquidity. The regulatory board approved ‘Investment Strategies’ for high-net worth individuals and ‘MF Lite’ for passive investments. Streamlined rights issue processes and eased regulations for investment advisers were also sanctioned.
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CS Rajan equates the IL&FS collapse to the Titanic disaster, stating the resolution will guide future bankruptcy laws. With Nand Kishore taking over as chairman, 188 of 302 entities have been resolved, aiming to complete the remaining resolutions within the legal framework.
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RBI deputy governor Swaminathan J has urged small finance banks to evaluate their reliance on high-cost deposits for long-term stability and warned against imposing high interest rates and fees on borrowers. He emphasized the need for SFBs to promote inclusive growth through innovative technology and improve grievance redressal mechanisms, highlighting some concerning practices within...
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COAI, representing major telecom players, expresses concerns over TRAI’s new service authorisation framework. Key issues include maintaining contractual nature of licenses, exclusion of OTT services, lack of financial reforms, and expanded scope for ISPs, which could adversely impact industry growth and investments.
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