Axis Bank accompanied others in the system by revising its base rate or the minimum rate of lending by 0.35 per cent to 9.50 per cent. The change will become effective from October 5. This is third rate cut, following a 0.20 per cent cut in April and a 0.10 per cent cut in June….

It was stated by the Nestle India Limited to the apex consumer commission that it was being “singled out” by the government in the Maggi noodles ban case as no action was being taken against other manufacturers of similar products. The High Court of Bombay had set aside the countrywide ban on Maggi. The company…

RBI’s decision to cut repo rate is accepted by the Finance Minister Arun Jaitley. He stated that the decision will aid in the recovery of the economy. The government is committed to meeting its fiscal deficit targets, he said. It is understood by the RBI rate cut that inflation has moderated significantly and is now…

Arun Jaitley, Finance Minister said that public sector banks require freedom from political decision-making. While speaking at banking industry event he stated that there are chances that the areas of brick and mortar lose importance as alternative channels like online are coming up. It is important that public sector banks have to be given independence…

Telecom Regulatory Authority of India has planned to test the networks in Delhi and Mumbai from September 28 to check whether operators have taken proper calls to address the call drops menace. On September 9, a meeting was held with the CEOs of telecom operators after which the regulator had given 15 days time to…

The Finance Ministry will soon get a report by the Seventh Pay Commission who is on toes with its new suggestions for nearly 48 lakh central government employees and 55 lakh pensioners. The government had extended the time for few months for the Commission to give recommendations. The Commission’s recommendations may also include the salaries…

Devendra Fadnavis, chief minister said to a BJP delegation that almost 70% of taxi permits in the last year were allotted to people who are non-speakers of Marathi. This came into a picture when Diwakar Raote, state transport minister stated on one’s primary requirement of knowing Marathi in order to get an auto permit in…

Saeed Zakir, the petitioner, has filed a writ petition in the High Court of Bombay against the government’s decision to issue licences for autorickshaws only to those who are able to speak Marathi. He says that this is void and unconstitutional. It is stated by the petition that the Motor Vehicle Act, 1988 also do…

The high court of Bombay refuses to relax the ban on sale of beef in Maharashtra for Bakri Eid. Slaughtering of bulls and bullocks was the main plea for September 25, Bakri Eid and also for the next two days. One of the explanations behind seeking a relaxation on ban was that sacrificing a bull…

Maharashtra home department is planning to simplify provisions for obtaining licences under Maharashtra Police Act. The department has decided to amend the Act so as to bring in more transparency and time-saving system. Vijay Satbir Singh, additional secretary (home) said that unwanted procedures create unnecessary problems in procuring licences. The department is thinking to put…

Page 1 of 1811 2 3 181
×
Talk to legalpundits now +91 7666653425 & 022 - 49156000