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SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha

-India Today Attorney General of India R Venkataramani informed the Apex court that nothing was being hidden and the information, if asked by the court, would be provided.  The Supreme Court on Monday inquired into the number of members present in the RBI’s Central Board meeting that decided to make the recommendation regarding the demonetisation of 500 and 1000 rupee currency notes in 2016. A 5-judge Constitution Bench orally asked counsel for the...

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India’s first private agri mandi set to come up with world-class infrastructure -Radhehyam Jadhav

-The Hindu Business Line With licence in hand, Sahaydri FPC will set up the market near Nashik in 3 months A 100-acre dedicated market space integrated with world-class infrastructure, services from banking to storage, processing, and packaging under one roof, options for offline and online trading, legalisation of field trade, and ownership of farmers. These are some of the planned features of the private agriculture market initiated by Sahyadri Farmer Producer Company...

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Digital Personal Data Protection Bill skirts key issues -R Suryamurthy

-The Telegraph The older Bill mandated monitoring, testing and certification of hardware devices by the Data Protection Authority The draft Digital Personal Data Protection Bill, 2022 did not consider several critical issues such as the regulation of hardware and devices and localisation of data with retrospective effect, which have been opposed by the global tech giants. Abhishek Malhotra (managing partner, TMT Law Practice) said: “The draft Bill has watered down the objective of...

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World has waited far too long for this: India on compensation fund approved at UN climate talk

-PTI/ The Telegraph Developing countries need independence in their choice of energy mix, and in achieving the sustainable development goals, says environment minister India on Sunday called as historic the UN climate summit in Egypt for securing an agreement on establishing a fund to address loss and damage due to climate change-induced disasters, saying "the world has waited far too long for this". Making an intervention in the closing plenary of COP27, Union...

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RBI was consulted on demonetisation, says Centre

-The Telegraph Decision was kept closely guarded to root out the menace of black money, money laundering, tax evasion and other illegal activities: Modi government The Centre on Wednesday defended the 2016 demonetisation policy, saying “the withdrawal of the legal tender character of a significant portion of total currency value was a well-considered decision” taken after extensive consultations with the RBI. The decision was kept closely guarded to root out the menace of...

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