INDIA BUSINESS WORLD - INDIA BUSINESS WORLD - October 1st - October 15th - 2008
THE MONTH THAT WAS...
News & important developments from the most prospective of the New World markets. India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
ECONOMIC & LEGAL NEWS
SUPREME COURT STAYS TRIAL IN SOHRABUDDIN ENCOUNTER CASE :In a major embarrassment to the Narendra Modi government, the Supreme Court stayed the proceedings in the trail court.......More....
SUPREME COURT BENCH DIFFERS ON LEGALITY OF MRTP ACT PROVISIONS : A two-judge bench of the Supreme Court has differed on the legality of whether a company can be held guilty of unfair trade practices.....More....
RBI REDUCES CASH RESERVE RATIO (CRR) BY HALF A PERCENT, SEBI EASES PARTICIPATORY NOTES CURBS : The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR)—the slice of deposits that banks have to mandatorily park with the central bank.........More....
WAGE-EXPENSE RATIO SHRINKS IN PUBLIC SECTOR BANKS : NOT too long ago, public sector banks spent about a quarter of their total operating expenses towards employee cost. But over the last four years, these banks have managed to keep.........More....
RAILWAYS HIKE IRON ORE FREIGHT BY 5% : IN a move that may increase input cost for steel companies like Tata Steel, Essar, Jindal and Ispat Industries, Indian Railways has decided to increase the freight rate of iron ore by around 5%.....More....
RBI RELAXES MOBILE BANKING NORMS, RAISES CAP ON FUND TRANSFERS : NOW, you can leave home without your wallet and still make purchases up to Rs 10,000 through your mobile phone. Not just that, you will also be able to make utility-bill payments up to Rs 5,000 through your mobiles...........More....
20 YEAR JAIL FOR FORMER GUJARAT MINISTER IN 1993 BLASTS CASE : A TADA court awarded 20 years imprisonment to former Gujarat fisheries minister Mohammad Surti and four others in the 1993 Surat blasts case.....More....
CABINET CLEARS AMENDMENT TO INDIAN TRUST ACT : The Cabinet cleared a Bill to carry out Amendment to Section 20 of the Indian Trust Act, 1882, which relates to investment of trust money.....More....
COURTS MUST ENSURE ACCUSED AND VICTIM'S RIGHTS, RULES SUPREME COURT: The Supreme Court has ruled that a court while deciding a criminal case must be equally concerned with the rights of an accused as well as of the victim.....More....
OBC TO GET 10% MARKS FOR ADMISSION TO GOVT RUN EDUCATION INSTITUTIONS: SUPREME COURT : The Supreme Court directed that the OBC candidates seeking admission to the Centrally-run educational institutions of higher studies will be entitled to the weightage of 10 per cent marks under the Government’s policy of providing 27% reservation to the OBC’s.....More....
|
