-The Hindu With the cash crunch situation easing, Reserve Bank of India may do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said. The RBI had recently raised the ATM withdrawal limit to Rs. 10,000 a day but maintained the weekly cap at Rs. 24,000 for savings account and Rs. 1 lakh for current account holders. “I think the restrictions on withdrawal...
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Rolling back Ordinance Raj -Suhrith Parthasarathy
-The Hindu The Supreme Court’s verdict that ordinances are subject to judicial review, and do not automatically create enduring effects, places a timely check on a power rampantly abused by governments On January 2, in one of many judgments delivered on its first working day of the year, the Supreme Court, in Krishna Kumar Singh v. State of Bihar, made a series of pronouncements with potentially huge implications for the future of...
More »Owing to drought, mangoes arrive three months early -Shankar Bennur
-The Hindu MYSURU: In the throes of a prolonged dry spell, the people of Karnataka may have something to cheer about with the early arrival of mangoes this year. Prolonged drought in the State has induced flowering in mango trees, resulting in the arrival of the fruit three months before season. However, horticulture experts say it is too early to predict a bumper crop with the season beginning months ahead. In the...
More »Jallikattu verdict spurred a flood of animal right cases in SC -Krishnadas Rajagopal
-The Hindu The Supreme Court has declared that animals have a right to protect their life and dignity from human excesses In recent years, the Supreme Court has upheld the rights of animals and birds to lead a life of “intrinsic worth, honour and dignity,” even at the cost of popular faith and practices of human beings. The starting point of the trend dates back to May 7, 2014 — the day of...
More »Give answers on note ban in writing, an unhappy PAC tells RBI governor -Amit Agnihotri
-Business Standard The governor did not give specific answers on who initiated the note ban New Delhi: Unsatisfied with the responses of Reserve Bank of India (RBI) Governor Urjit Patel to specific queries on demonetisation, the Public Accounts Committee (PAC) of Parliament on Friday asked him to furnish written replies to the concerns expressed by the members within two weeks and appear before the panel again. Patel, along with Deputy Governor R Gandhi...
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