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JUDICIARY

Judiciary

Students Can Be Denied Attendance to Online Classes Over Non-Payment of Tuition Fees: Delhi HC

Jul 11, 2020 Harshil Jain 21
On Wednesday 8 July 2020, the Delhi High Court allowed private schools to bar children from attending online classes due to non-payment of tuition fees. Earlier, the Delhi Government restrained private schools from taking any action against those children who could not pay tuition fees during the lockdown.The matter was heard by a single bench of...
Judiciary

Supreme Court Allows Serving Notice, Summons Through WhatsApp and Email; Allows RBI to Extend Cheque Validity

Jul 11, 2020 Harshil Jain 47
On Friday 10 July 2020, the Supreme Court permitted the use of instant messaging services such as e-mails, WhatsApp, Telegram, and fax for serving summons and notices.The matter was heard by a full bench headed by Chief Justice of India S. A. Bobde and comprising Justices A. S. Bopanna and Subhash Reddy.“It has been brought to our notice that it...

EXECUTIVE

Executive

Assam Government Changes MSME Ordinance Rules Following Protests

Jul 10, 2020 Ghazal Bhootra 18
Experiencing dissent over an ordinance to provide an easement for Micro, Small, and Medium Enterprises (MSME), the government of Assam expressed that it will change the rules and exemption would not be given for setting up industries on agricultural land, on July 9, 2020.Speaking at a press conference, Assam Industries and Commerce Minister...
Executive

The Ministry of Labour and Employment drafts Code of wages, 2019, Likely to implement it by September this year

Jul 10, 2020 Prachi Misra 8
The Ministry of Labour and Employment has put in place The Code of Wages, 2019, the first law under labor reforms which is likely to be implemented by September this year. The Parliament approved the code in August last year to enable the introduction of minimum payment of wages for every worker besides covering issues such as delay in payment of...

BUSINESS

Business

PNB shares plunge by 7% after reporting Rs 3,688.58 crores DHFL loans as fraud

Jul 10, 2020 Shreedhara Purohit 15
The share price of Punjab National Bank slumped nearly 7 percent on Friday ( July 10, 2020) after the bank reported a fraud of Rs 3,688.58 crore in the non-performing asset account of Dewan Housing Finance (DHFL) to the RBI. The stock plunged 6.73 percent to Rs 34.60 on the BSE. On the NSE, it tanked 6.73 percent to Rs 34.60. It...
Business

Yes Bank fraud: ED attaches Rs 2,800 crore assets of Rana Kapoor, Wadhawan brothers

Jul 10, 2020 Shreedhara Purohit 22
The Enforcement Directorate on July 9, 2020, provisionally attached assets and properties valued at over Rs 2,800 crore in India and abroad belonging to YES Bank Co-Founder Rana Kapoor and the Wadhawans, promoters of Dewan Housing Finance (DHFL), in connection with the YES Bank money laundering case.The...
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