COURT RULING IMPACT
'Surcharge an enhancement of rate of sales tax': SC upholds states' power to levy additional sales tax
The Supreme Court reaffirmed a 1974 ruling regarding states' power to levy additional sales tax. This ruling clarified that such levies are enhancements to existing sales tax rates. The court found that previous challenges did not hold merit due to changes in tax legislation. The Goods and Services Tax framework significantly altered the taxation system for states. Therefore, the legal question presented has been rendered academic by these developments.
UGC to relook controversial caste discrimination, ragging rules: Govt tells SC
The Centre has told the Supreme Court that it is considering appointing a committee to revisit the UGC's 2026 regulations on caste discrimination in higher education institutions. The submission comes after the top court put the rules on hold in January, citing concerns over vague provisions and their potential consequences.
US midterm outcome offers limited relief to India; oil, Russia sanctions remain key risks: Report
The outcome of the US midterm elections is expected to offer only marginal relief to India. Crude oil prices and potential tariffs on Russian oil purchases will continue to present economic challenges. While a Democratic majority may enhance diplomatic engagement, immediate trade relief seems unlikely. The rupee and foreign portfolio investor inflows could see some positive impact.
Trump-backed Republican redistricting sought midterm edge; it didn't work
Republicans attempted extensive redistricting in multiple states to gain an electoral edge in the midterm elections. However, these strategies did not yield the expected results, especially in key states like Florida and Texas. Many targeted candidates lost their races, highlighting voter dissatisfaction with the Republican party's direction.
US midterms 2026: Voters back abortion rights and reject Trump's redistricting in state ballot measures
During the recent midterm elections, abortion-rights supporters marked significant achievements in both Missouri and Virginia, highlighting shifts in voter attitudes. Concurrently, President Donald Trump's redistricting strategies faced backlash in several states. In Florida, an amendment was adopted that offers critical property tax relief to homeowners. Meanwhile, Nebraska solidified transgender medical limitations in its constitution, demonstrating active citizen participation in legislative decisions.
Washington's next chapter: A democratic socialist mayor and a looming Trump showdown
Janeese Lewis George won the recent mayoral election and will take office on January 2. She will face significant challenges, including local governance issues and financial difficulties. After a period of job losses, the city anticipates potential revenue drops, prompting tax consideration discussions. Lewis George emphasizes addressing the city's affordability crisis amid Trump's ongoing influence. She has a unique opportunity to reshape policies within the city's limited autonomy.
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Right to protest cannot override right to livelihood: SC calls for balance
The Supreme Court has highlighted the importance of balancing the right to protest with the livelihoods of others. A three-member bench stated that indefinite occupation of protest sites is unacceptable. The court directed traders' associations to involve protest organizers in their claims for damages. Delhi Police defended its actions at protest sites, citing disruptions caused by ongoing demonstrations.
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
Lindsay Clancy’s case and the limits of the insanity defence: Why jurors can reach different conclusions
Lindsay Clancy, a former nurse, is on trial for murdering her three children in January 2023. Her defence claims postpartum psychosis impaired her actions and understanding of right and wrong. The first trial ended in a mistrial due to a juror disagreement about her mental health. As she returns to court, her lawyers are seeking dismissal of the charges based on double-jeopardy concerns.
Australian outback data centre pulls timeline after regulator stalls
Startup Energy North, which says it has finance lined up for a sprawling gas and solar-powered data centre on a cattle ranch in the country's remote north, 683 km (424 miles) from the nearest city, had given a "first power" date of June 28, 2028, in regulatory filings four months ago.
Alabama Republicans thought they had drawn a safe US House seat. A Black congressman had other ideas
Alabama Congressman Shomari Figures is fighting to retain his seat after Republicans redrew his district following a US Supreme Court ruling that weakened the Voting Rights Act. His campaign is mobilising Black voters while appealing to conservative and independent voters, with the high-stakes contest emerging as a potential test of Republican control of Congress.
High Court refuses urgent listing of plea against ban on non BS VI vehicles in Delhi from Nov 1
The Delhi High Court has dismissed a plea challenging the ban on non-BS VI vehicles entering the city. This regulation is set to begin on November 1 and affects many individuals traveling from NCR. The court found no urgency or issues with the decision made by the Delhi government. The restriction aims to combat persistent air pollution caused by vehicular emissions in Delhi.
See data centres less as energy-sucking private warehouses, and more as quasi-public utilities
We need data centres. They run far more than ChatGPT. Search, banking, streaming, social networks, cloud software, government services, hospitals and almost every company's digital operations depend on them. AI simply raises the requirement dramatically. Google says its Vizag hub will provide new subsea connectivity for India. IEA says electricity use by AI-focused data centres jumped 50% in 2025. A country without serious compute infrastructure risks becoming a consumer, rather than a producer, of the AI revolution.
WFI must decide show-cause notices to Vinesh Phogat within fortnight: Delhi HC
The Delhi High Court has ordered the Wrestling Federation of India to resolve show-cause notices issued to Vinesh Phogat. This decision was taken to alleviate concerns regarding her upcoming competition preparations. Phogat's legal representative emphasized the need for clarity to enhance her mental readiness. The court specified a two-week timeline for the federation's decision. This matter will be revisited on January 20, 2027, if necessary.
UN climate panel to resume in December after key report deadlock
The Intergovernmental Panel on Climate Change (IPCC) will convene virtually from December 1 to 3, focusing on finalizing a crucial report addressing climate change and its budget. While several nations advocate for its completion ahead of the 2028 UN climate summit, others, including Saudi Arabia, India, and China, propose a delay until 2029, highlighting the ongoing tensions around global climate action.
A mother borrowed $28,000 to help her son become a photographer in California. Ten years later, they're both still paying for a college that no longer exists
Christine Gaussoin hoped her son Kendrick would succeed in photography after attending Brooks Institute. However, the college closed ten years later, leaving him without a diploma. This closure has resulted in a significant student loan debt for Christine and Kendrick. A lawsuit has been filed against the Trump administration regarding federal loan forgiveness for former students. The case highlights concerns about the trust placed in educational institutions and their accountability.
Supreme Court rejects Mahua Moitra's plea for public disclosure of AIF, FPI owners
The Supreme Court dismissed TMC MP Mahua Moitra's plea regarding the public disclosure of ultimate beneficial owners. The court noted that no legal framework currently mandates such disclosure by the market regulator, SEBI. While the court acknowledged the importance of investor awareness, it emphasized limitations under Article 32 of the Constitution. Solicitor General Tushar Mehta opposed the petition, highlighting the absence of statutory provisions.
Fed holds rates as inflation stays high, signals more hikes amid AI boom and energy costs
The Federal Reserve held its key rate steady at around 3.9%, signaling cautious optimism about inflation trends. Chairman Kevin Warsh emphasized the importance of inflation control while dismissing political influences on monetary policy decisions. Analysts expect a potential rate increase at the next meeting as inflation persists, affecting consumer sentiment. Some Fed officials dissented, indicating ongoing discussions about future rate hikes remain relevant.
MLC polls in 4 states: NDA victorious in 16, Congress draws blank; Samajwadi Party bags 5 seats in Uttar Pradesh including 2 in Varanasi
Results were declared in all but one seat - Nagpur Graduates' constituency in Maharashtra which is heading for a nail-biting finish involving BJP candidate Sudhakar Kohale and Congress' sitting MLC Abhijeet Wanjari.
EPS-95 higher pension: Pensioners’ body appeals to President as retirees struggle to get higher pension
The National Confederation of Pensioners’ Associations has requested intervention from President Droupadi Murmu regarding higher EPS pension issues. They demand the withdrawal of a problematic EPFO circular that affects eligibility for pensions based on internal trust rules. In addition, they seek to halt unnecessary litigation and ensure uniform treatment for all retirees. The NCPA calls for waiving punitive interest related to administrative delays on pension claims.
Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodus
The government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investors and tax experts, have been consulted for their views. The debate has gained momentum due to significant outflows of foreign portfolio investments. Current taxation methods may affect the attractiveness of Indian equities compared to global markets. The upcoming budget provides an opportunity to revisit these tax regulations.
Dan Sullivan vs. Daniel Sullivan: How Alaska’s ranked-choice voting could affect the 2026 Senate race
Alaska’s 2026 U.S. Senate race caught attention because of two candidates have similar names: incumbent Republican Sen. Dan Sullivan and challenger Daniel J. Sullivan Jr. The contest has raised concerns about possible voter confusion and a Justice Department lawsuit seeking to block certification under a specific election scenario.
What kind of AI economy does India want to build?
India's debate on regulating artificial intelligence is evolving and mostly focuses on copyright and economic incentives. Recent legal rulings highlight the conflict between copyright law and the needs of AI developers. The government is investing in domestic AI capabilities to enhance innovation and competition. Additionally, regulatory frameworks must align with overarching economic goals and public welfare.
The Bond who came back from the dead: The risky world of AT1 bonds
Yes Bank AT1 bonds are back in the spotlight after the Supreme Court upheld the ruling invalidating their ₹8,415-crore write-off during the 2020 rescue. The verdict raises questions about investor protection, regulatory powers, unpaid coupons and the bank’s capital position. From Credit Suisse to India, the AT1 bond controversy exposes the risks of high-yield bank debt.
Can race-neutral school admissions policies still discriminate? What’s at stake in the US Supreme Court’s Maryland school case
The US Supreme Court is set to examine the contested admission policy in Montgomery County affecting Asian-American students. The court's ruling will address whether sufficient evidence of discrimination exists for the lawsuit to progress. Previously, lower courts dismissed the case due to a lack of proven discriminatory intent. This decision could influence how selective public schools assess students under race-neutral policies.
Meta tells Brazil's electoral court it treats Lula and Flavio Bolsonaro equally ahead of Sunday vote
Meta has taken steps to comply with a court order for equal treatment of presidential candidates in Brazil. The electoral court directed the company to ensure balanced platform coverage before the upcoming runoff election. This follows allegations from President Luiz Inacio Lula da Silva's campaign regarding biased algorithms favoring his opponent, Flavio Bolsonaro. Meta has implemented measures to uphold electoral advertisement regulations amidst growing tensions.
Posters on a Mangaluru roadside wall called a Supreme Court judgment a denial of justice, 13 men booked, now Karnataka High Court has quashed the FIR
Karnataka High Court has quashed an FIR against 13 men who put up posters in Mangaluru criticising a Supreme Court judgment. The court held that disagreeing with a verdict is not an offence unless the legal conditions are met.
Yes Bank shares rise as Q2 profit beats estimates, but AT1 bond verdict hit pegged at Rs 5,217 crore. What lies ahead?
Yes Bank shares rose after falling 17% over two sessions, following a 65% year-on-year jump in Q2 net profit to Rs 1,080 crore. However, the lender cautioned that the reported earnings exclude the potential impact of the Supreme Court’s AT1 bond ruling.
YES Bank book value may fall up to 26% after SC ruling on AT-1 bonds
The recent Supreme Court ruling on AT-1 bonds poses a serious risk to Yes Bank’s financial stability. A potential payout near ₹8,415 crore could lead to a significant decline in its book value per share. Moreover, this may weaken the bank's CET1 ratio, limiting its growth potential and ability to absorb losses, which is already reflected in its plummeting share price since the announcement.
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