The Delhi High Court has sought the response of the Centre, the RBI and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from providing any service in relation to virtual currencies such as 'crypto-currencies'.
Article 124(4) of the Constitution lays down the procedure for removal of a judge of the Supreme Court, including the CJI, who can be impeached on grounds of “misbehaviour or incapacity.” A judge can be removed only by an order of the president, based on a motion passed by both Houses of Parliament. The procedure for removal of judges is elaborated in the Judges Inquiry Act, 1968. The Act sets out the following steps for removal from office.
The Supreme Court on Friday said it was "very disturbed" at the course of developments involving public statements by the Members of Parliament (MPs) on the removal of the Chief Justice of India (CJI). The observations were made during the hearing of a petition, a few hours before the Congress and other opposition parties submitted a notice to Rajya Sabha chairman M Venkaiah Naidu for initiating impeachment proceedings against CJI Dipak Misra.
The BJP on Friday lashed out at the Congress for its move to impeach the chief justice of India, saying it was trying to “demean, degrade and denigrate” the judiciary after its “conspiracies” in the case of judge BH Loya’s death and riot charges against its Gujarat leader Maya Kodnani were exposed.
BJP spokesperson Meenakshi Lekhi told reporters that the impeachment move is an attempt to pressure the judiciary and send out the message that “either you do what we say and if you dare not do as we command”, and then it will impeach judges.
In an unprecedented step, seven opposition parties led by the Congress on Friday moved a notice for the impeachment of Chief Justice of India Dipak Misra, accusing him of “misbehaviour” and “misuse” of authority.
The Supreme Court slammed the PILs, which sought a probe into the death of Judge Loya, holding that they were filed with an oblique motive to settle personal and political scores.
The Supreme Court on Thursday rejected the plea for an independent inquiry into the circumstances of the death of Brijgopal Harikishan Loya, a judicial officer in Maharashtra on December 1, 2014 (who heard the Sohrabuddin fake encounter case involving BJP president Amit Shah) holding that there are enough materials to suggest that he died of natural causes.
Delhi-based startup First Time Travellers has (FTTL) raised fresh funds of Rs 1.30 crore from angel investor Manoj Prasad valuing the company at more than Rs 36 crore. This is second tranche of fund infusion in the startup, which operates icanstay.com portal, which helps make last-minute booking at star hotels across various cities. The startup eyes annual turnover of Rs 700 crore by 2020 tapping the rising demand for hotels.
Shares of Merck zoomed nearly 19 per cent on Thursday after Procter & Gamble announced it will acquire a 51.80 per cent stake in the company for Rs 1,289.88 crore as part of a global deal under which it is taking over German firm Merck KGaA's international consumer health business.
The global deal is for about 3.4 billion euros (Rs 27,677 crore) in cash.
P&G will acquire Merck's majority shareholding in Merck (India) and make a mandatory tender offer to minority shareholders.
ArcelorMittal and Nu Metal will get another chance to prove their credentials to take over Essar Steel, facing insolvency proceedings in bankruptcy court.
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Thursday declared invitation of the second round of bids for Essar Steel as invalid, brightening the chances for these two companies to another chance to acquire the bankrupt steel maker.