 "The Finance Ministry pushes for quicker debt resolution, targeting persistent low-value cases to declog Debt Recovery Tribunals.")
The Union Finance Ministry is urging banks and Debt Recovery Tribunals (DRTs) to engage with borrowers outside of formal proceedings to tackle the backlog of cases. Many small-value cases are significantly clogging the system, with 75 percent of pending cases between Rs 20 lakh and Rs 1 crore. To streamline the process, the ministry recommends ...
 "The CCI gains new powers to issue show cause notices and close cases, enhancing transparency in anti-competitive investigations.")
The Indian government has updated the competition law, allowing the Competition Commission of India (CCI) to issue show cause notices during investigations. This change, effective from September 19, 2024, means CCI can now inform parties of any alleged contraventions and give them a chance to respond before making a final decision. Previously, if the Director ...
 "Congress accuses Sebi Chairperson Madhabi Buch of corruption and conflict of interest amid ongoing investigations into insider trading cases.")
The Congress party has accused Sebi Chairperson Madhabi Puri Buch of conflict of interest due to her rental income from a company linked to ongoing insider trading investigations. Jairam Ramesh, Congress general secretary, questioned Prime Minister Modi on the need for transparency in the capital markets. Pawan Khera, another Congress leader, revealed that Buch received ...
 "Heightened Monkeypox Alert: Bihar Prepares for Possible Outbreak Amid Global Cases")
Bihar’s Health Department has issued guidelines to combat Monkeypox, urging local administrations and hospitals to increase awareness about the viral illness. In response, the Patna district administration is establishing a health desk at Jay Prakash Narayan International Airport to closely monitor incoming travelers, ensuring they provide health histories for the past 21 days. Despite no ...
 "Chaos in Bangladesh: 230 Dead Amid Rising Cases Against Ex-PM Hasina")
Sheikh Hasina, the former prime minister of Bangladesh, is facing five new murder charges linked to violence during recent quota reform protests that resulted in over 230 deaths. These cases, filed in Dhaka, add to the 84 existing charges against her, bringing the total to 89. Hasina resigned and fled to India on August 5 ...
