-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and CERTain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...
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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...
More »Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman
-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...
More »"Largesse Of State...": Gujarat High Court's Strong Remarks On Morbi Bridge Tragedy
-NDTV.com Gujarat bridge collapse: "Why was tender not floated? Why weren't bids invited?" Chief Justice says to the Gujarat's top bureaucrat Ahmedabad: Slamming the Morbi civic body for "acting smart", the Gujarat High Court today sought direct answers and slammed the manner in which the contract was awarded for maintenance of a 150-year-old bridge that collapsed on October 30 killing over 130 people. "The municipality, a government body, has defaulted, which ultimately killed...
More »Due diligence reqd. prior to blanket school closures as a precautionary measure against air pollution
--Press release by National Coalition on the Education Emergency dated November 9, 2022 The Delhi government had announced the closure of primary schools last week, as recommended by the NCPCR, owing to the air pollution crisis in the city. While the concern about the health and well-being of children is CERTainly valid, the response to such a crisis needs to take into account other contributing factors such as the importance of...
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