Centre Rejects Collegium Recommendation On Delhi High Court Chief Justice

The government has turned down a recommendation of the Supreme Court collegium to appoint Aniruddha Bose, a judge of the Calcutta High Court, as the chief justice of the Delhi High Court. After keeping the file pending for over five months, the government told the collegium to reconsider its decision. The government said that Justice Bose, who has been a judge since 2004, doesn’t have any experience as a chief justice to handle such a prominent high court. The government wants the collegium to recommend another name in place of the 59-year-old Justice Bose for the Delhi High Court, which has been without a full-time chief justice for more than a year now. The government had recently stalled the elevation of Uttarakhand High Court Chief Justice KM Joseph to the Supreme Court citing seniority and regional representation. (Credit: NDTV)…
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Cut Salt, Sugar, Fat In Packaged Products Voluntarily: FSSAI To Food Industry

To promote safe and healthy food, regulator Food Safety and Standards Authority of India asked the industry to voluntarily reduce salt, sugar and saturated fat in packaged food products as it would take about a year to make labelling norms operational. The FSSAI yesterday launched a national campaign ‘The Eat Right Movement’ to improve public health and combat lifestyle diseases. The edible oil industry, bakeries and fast-moving consumer goods companies, including Nestle India Ltd., Hindustan Unilever Ltd. and Patanjali, took a pledge to reduce the level of salt, sugar and fat in food products. To kick start and popularise the movement, FSSAI has roped in film actor Rajkummar Rao for a short video that encourages citizens to reduce salt, sugar and fat. The video would be telecast on television channels and circulated through other mass media including social media. “We have come out with draft food labelling regulation. It is with the Health Ministry now,” FSSAI Chief Executive Officer Pawan Kumar Agarwal said at the launch of this movement which was attended by top officials of Nestle India, Patanjali and HUL among others. “It will take at least one year to be operational. Until then, this is the opportune time for the food industry to reformulate their products,” Agarwal added.…
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SEBI planning measures to ease delisting process for firms

Companies with delisting plans that have been stalled by minority shareholders seeking a vastly higher buyback price may soon get a respite. The Securities and Exchange Board of India (Sebi) is planning to introduce price bands in the delisting process that will mean investors having to tender shares within that range, said two people familiar with the proposals. The move is aimed at preventing investors from cornering shares and driving them up, well above the floor price, before they tender their shares, a move that has resulted in several delisting efforts being scuttled. “The price band will help streamline the delisting process and put an end to the cartelisation of a certain section of investors who demand hefty premiums during the reverse book-building process,” said a person aware of the plan. Others said such a move may unduly favour promoters. This proposal was discussed by the Sebi-appointed Primary Market Advisory Committee (PMAC) last week, said the people cited above. Sebi didn’t respond to queries. Currently, investors can demand anything above the floor price during reverse book building, which decides the price companies need to pay public shareholders to buy back shares to delist. The delisting price is the average of that sought by the majority of public shareholders.…
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PIL to bar candidates from contesting from more than one seat opposed: Centre to SC

The Centre today opposed in the Supreme Court a PIL for barring candidates from contesting from than one constituency in a general election, saying that the issue of electoral reforms would need legislative action and the plea failed to establish that fundamental rights of citizens were being infringed upon in any way. In an affidavit, the central government said that the writ petition “maybe dismissed” as it has failed to show “any infringement” of any fundamental or constitutional rights of the people at large. “It is prayed that amending section 33 (7) of the Representative of Peoples Act may cause the infringement of the rights of the candidates contesting elections as well as curtails choice of candidates to the polity,” the affidavit filed by K K Saxena, Deputy Secretary with the Ministry of Law and Justice, said. The affidavit, which would be considered by a bench headed by Chief Justice Dipak Misra, said that the petition filed by the BJP leader Ashwani Kuar Upadhyay failed to demonstrate any violation of fundamental rights. The affidavit said that a person has been allowed under the Act to contest election from two constituencies simultaneously and the law has to be amended for disallowing the same.…
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No plan to increase retirement age of SC, HC judges: Law Minister RS Prasad

Union Law Minister Ravi Shankar Prasad has cleared the air on some reports stating that Central Government is considering increasing the retirement age of Supreme Court and High Court judges. He has stated there is no such plan is in the works. “No, with a capital N.” he replied on being asked about possibility of such a Bill being introduced. According to some Media Reports, Government was floating the idea of passing a Bill to increase the retirement age of Supreme Court judges from 65 to 67 and that of High Court judges from 62 to 64. It was stated that such Bill will be tabled in the Monsoon Session of the Parliament. But the Law Minister has issued the clarification that No such Bill will be tabled. While speaking at farewell of Justice AK Goel, Attorney General Venugopal had recommended that the retirement age of Supreme Court judges be increased from 65 to 68. (Credit: PTI)…
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Construction ban in Shimla to continue as NGT turns down review petition

National Green Tribunal (NGT) on Monday declined to dilute its orders to ban constructions — residential, institutional and commercial — in core areas, green-belt and forest areas of Shimla. The order came as huge blow to the state government, which is faced with problem of massive unauthorised construction in Shimla and major tourists towns like Kasauli, Dharamshala, McLeodganj and Manali, apart from towns like Kullu and Kasol. A four-member bench led by Justice Adarsh Kumar Goel, NGT chairman, dismissed a review petition seeking certain relaxations in the Tribunal’s order passed on November 16 ,2017 highlighting certain practical difficulties in implemention of the ban order. The government’s review petition filed after BJP government took charge had cited problem to implement the orders of the Tribunal especially when Shimla ‘Smart City’ project and certain important institutional buildings, like Cancer hospital, were coming up in Shimla. The NGT, however, said the argument doesn’t have any merit to review the earlier order passed by a bench led by Swatanter Kumar, its earlier Chairman in 145-page judgment on November 16, 2017. The NGT apart from imposing a ban on constructions aimed to save Shimla from crumbling under haphazard and unplanned construction had also restricted number of stories only up to two and half (attic) in the non-core, green-belt and forest areas.…
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NGT pulls up Volkswagen India on diesel car recall

In yet another development in the ‘Dieselgate’ scandal, the National Green Tribunal has questioned Volkswagen India, asking why the 3.23 lakh diesel cars with potential emission irregularities in India have not been recalled, as yet. Volkswagen India had issued a voluntary recall in 2015 following the Automotive Research Association of India (ARAI) findings of a large discrepancy between laboratory and on-road emission levels on cars with the EA189 family diesel engine. The recall in India included 1,98,500 cars from Volkswagen, 88,700 cars from Skoda and 36,500 cars from Audi, all across various models that were equipped with EA189 engines – which include the 1.2-litre, 1.5-litre, 1.6-litre and 2.0-litre diesels. However, the NGT has noted that only 64 percent of the affected cars have been recalled, so far, with action yet uninitiated on the remaining 36 percent. To make the engines compliant with prevailing emission norms, VW was to bring out software and hardware upgrades, developed in consultation with the ARAI. However, the ARAI has stated that Volkswagen has submitted upgrades for only 70 percent of the affected engines. (Credit: Economic Times)…
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RBI to issue new Rs 100 note soon

Reserve Bank of India is all set to release a new Rs 100 note next month, and this will be in violet colour. On this note Gujarat’s Rani Ki Vav image will be printed according to Dainik Bhaskar report. More to it, the size of the new note will be smaller than the old note, but it will be little bigger than Rs 10 note. According to reports, old Rs 100 note will not stop and they will be continued in the circulation, and the printing of the new notes have been started in the printing press of Dewas. The new design was given final shape at the printing press, where Rs 2000 note are also printed. The ink and paper used in the printing of the new note will be from our country, and no foreign ink will be used, reports claim. However, once the new notes arrive, the ATM setting will have to be changed once again because the size of this note will be different. And this will be the fourth time when banks have to make changes to their ATMs. Earlier, there changes had to be made for new notes of 2000, 500 and 200 rupees. (Credit: Free Press Journal)…
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Govt threatens to withdraw Delhi airport security over payment dispute

Delhi’s Indira Gandhi International Airport may be left without security cover if a long-running payment dispute between the airport’s operator and the Central Industrial Security Force (CISF) is not resolved soon, according to officials familiar with the development who spoke on condition of anonymity. In the first week of July, the Union home secretary wrote to the ministry of civil aviation saying the home ministry would have no option but to withdraw security to the airport if payment isn’t expedited. According to the officials, Delhi International Airport Limited (DIAL) airport owes over Rs 600 crore to CISF. The amount has added up, owing to a dispute over how much the paramilitary force has to be paid, and the dispute has never been resolved. CISF has repeatedly claimed that DIAL is only making partial payments to it rather than the full amount. Over the past four years, for instance, DIAL paid at least Rs 100 crore less every year for its annual security bill, CISF claims. Representatives of the airport blamed rising costs. “DIAL collects PSF (passenger security fee) from passengers as per a tariff decided 10 years back and the entire collection passes through an escrow account subject to CAG Audit.…
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Bad loan in India shocker! 5-fold surge in arrest of bank officers; a reality check

In a major development, more and more bank officials are being booked or facing charges for allegedly involving in extending loans which have turned “bad” subsequently. In last four months, law enforcement agencies have booked or charged over 50 bank officials, according to Indian Express report. Central Bureau of Investigation (CBI) is probing most of the cases and half of the bank officials hold key positions such as general manager and above. Shockingly among these officials, there are nine serving or former CMDs along with several former top Reserve Bank of India (RBI) officials are under the scanner, the report says. According to Finance Ministry data, there were 8,622 fraud cases in Public Sector Banks from 2014-15 to 16-17. Among them, staff were involved in 1,146 cases. Private Sector Banks are not far behind either with 4,156 cases of fraud registered during 2014-15 to 16-17. In private banks, 568 cases came to the fore where staff were involved, the data says. According to key Industry players, the “five-fold rise in the number of arrests” has taken place due as enforcement agencies have stepped up their investigation following the multi-core scam involving Punjab National Bank (PNB) and diamond czar Nirav Modi. CBI, which has been probing the much highlighted case, had stated in its charge-sheet that former PNB MD was aware of Nirav Modi fraud and also misled RBI.…
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RBI approves appointment of Girish Chandra Chaturvedi as ICICI Bank non-exec chairman

ICICI Bank said RBI has approved the appointment of Girish Chandra Chaturvedi as non-executive (part time) Chairman of the bank till June 30, 2021. The private lender had appointed the former petroleum secretary as the company’s non-executive chairman on June 29. “We wish to inform you that RBI ..has approved the appointment of Girish Chandra Chaturvedi as Non-executive (part time) Chairman of the bank effective today till June 30, 2021,” ICICI Bank said in a regulatory filing. ICICI Bank is under the scanner of various regulatory agencies for alleged conflict of interest involving its CEO Chanda Kochhar and her family members in extending loans to some corporates, including the Videocon Group. Last month, ICICI Bank announced that Kochhar has decided to go on leave till the completion of an external enquiry into the matter. (Credit: Money Control)…
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Let’s offer a new deal to women by passing reservation bill: Law minister tells Rahul Gandhi

Law minister Ravi Shankar Prasad on Tuesday proposed to Congress chief Rahul Gandhi that the Bharatiya Janata Party and the Congress come forward to offer a “new deal” to women to ensure equality and adequate legislative representation, responding to the latter’s suggestion to Prime Minister Narendra Modi that the women’s reservation bill be passed in Parliament’s monsoon session “As part of the ‘new deal’, we should approve, in both houses of Parliament, the women reservation bill, the law prohibiting triple talaq and imposing penal consequences on those who violate the law, and the law prohibiting nikah halala,” Prasad wrote to the Congress president. “You will appreciate that the latter two not only give the women of the Muslim community an unequal treatment but also seriously compromise their dignity,” Prasad wrote to Gandhi. A bill abolishing the practice of instant triple talaq, passed by the Lok Sabha, is pending in the Rajya Sabha. The Muslim Women (Protection of Rights on Marriage) Bill 2017 criminalises the practice of instant triple talaq, or talaq-e-biddat, which allows a man to divorce his wife by uttering the word talaq thrice; it imposes a prison term of up to three years on husbands who violate the law.…
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