-The Hindu RBI said it regulates banks and non-banking finance companies and it does not regulate online lending platform The Delhi High Court on Tuesday observed that online lending platforms, offering short-term personal loans through mobile apps, cannot be allowed to charge exorbitant interest and processing fees. “Rate of interest should not be exorbitant. Just look at the difficulties. An expert body is required. If you people are so slow in taking action,...
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The Vulnerabilities of the Homeless Are Due to the State's Failure To Provide Any Security -Brijesh Arya and Maggie Paul
-TheWire.in The perception has grown over the years that those without any shelter are somehow getting a free ride. Headlines across several newspapers on the afternoon of July 3 declared “homeless and beggars should work; everything cannot be provided to them by the state”. This statement was attributed to the Bombay high court bench of Chief Justice Dipankar Datta and Justice Girish S. Kulkarni during its hearing of a public interest litigation...
More »India’s ‘Panama Papers’ on shell firms, tax loopholes gather dust -Gopikrishnan
-DailyPioneer.com Tax firm’s leaked data includes correspondences with 33 Cos, HNWIs India’s own ‘Panama papers’ are gathering dust with law enforcement agencies and the Delhi High Court (HC). The 1.5 GB leaked data belongs to the tax consulting firm Nishith Desai Associates and includes controversial tax-related correspondences involving 33 of India’s biggest corporates and several high-net-worth individuals (HNWIs). A Delhi-based whistle-blower, who is a software engineer, first got the sensational data and communications...
More »IT Rules: No Relief To Digital News Portals As Delhi HC Refuses To Grant Interim Protection
-OutlookIndia.com The court then proceeded to adjourn the pleas by The Wire, Quint Digital Media Ltd and Pravda Media Foundation till August 20. The Delhi High Court has declined to grant protection from coercive action to digital media portals. It adjourned their challenge to the new IT Rules after being informed that a plea has been moved by the Centre to transfer them to the Supreme Court. The court then proceeded to adjourn...
More »Green Court NGT Halts Tree Cutting For Diamond Mine Project In Madhya Pradesh
-PTI/ NDTV.com A resident of Jabalpur and a lawyer have filed petitions in the NGT Bhopal opposing the diamond mine project in Buxawaha on environmental grounds. Bhopal: The National Green Tribunal's Bhopal bench has directed the Madhya Pradesh government to ensure that no tree is cut without the forest department's clearance at Buxawaha in Chhatarpur district for diamond mining, according to an interim order made available on Thursday. Besides, the bench of NGT,...
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