INDIAN COURT RULING
Karnataka HC grants relief to JioStar, Zee over 2% cess as broadcasters challenge law
The Karnataka High Court has issued a ruling preventing the state government from taking action against broadcasters. This relates to a 2% welfare cess imposed on television operators and other entities. Justice HT Narendra Prasad directed the state government to respond to petitions challenging the cess. The broadcasters argue that they differ fundamentally from cinema theatres in their operations.
Nirmala Sitharaman hits back at Rahul Gandhi over ‘criminally destroying’ Tata remarks
Nirmala Sitharaman criticized Rahul Gandhi for alleging the Tata group was being criminally destroyed. She accused him of politicizing issues and undermining Indian entrepreneurs. Sitharaman emphasized that the Modi government supports industry as a driving force for growth and investment. She also stated that the Congress party's policies contributed to poverty and restricted enterprise. Sitharaman urged Gandhi to engage constructively instead of making baseless allegations for political advantage.
Calcutta HC bars publication, sharing of video on PM Modi, Gautam Adani till Jan 31
The Calcutta High Court has issued an injunction against a documentary involving Prime Minister Narendra Modi and Gautam Adani. This order prohibits publication, sharing, and re-uploading of the video until January 31 next year. Justice Aryak Dutt mandated social media platforms to remove access to the video and related content. The Adani Group argued that the video contains false and defamatory statements against them.
Imran Khan gets Bombay HC relief over CEC protest participation, can stay in India till November 2
Bollywood actor Imran Khan has been granted permission to stay in India until November 2. This decision comes after a government directive ordered his departure for allegedly violating immigration rules. Khan was accused of participating in protests against the election chief earlier this month. He challenged the expulsion order in Bombay High Court, arguing that it was unconstitutional.
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.
Supreme Court agrees to examine EY US plea in tax dispute
A bench led by Justice PS Narsimha sought a response from the income tax department on appeals filed by Ernst & Young US LLP challenging a Delhi High Court order issued in June, which treated cost-to-cost reimbursements amounting to Rs 24.06 crore received by Ernst & Young US LLP as fees for technical services and therefore taxable. The HC had also ruled that the services rendered by the US company satisfy the "make available" test under the DTAA.
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Supreme Court rejects gaming firms’ review pleas, upholds Tamil Nadu and Karnataka online gaming bans
The Supreme Court dismissed review petitions from gaming companies challenging state bans on online gaming. The court upheld the validity of laws enacted by Tamil Nadu and Karnataka to regulate games for stakes. It found no merit in arguments asserting that skill-based games should not be banned. States can intervene where online gaming poses public order issues and addiction concerns arise.
US begins approving H-1B petitions without Trump's $100,000 fee: What it means for workers, employers
US Citizenship and Immigration Services has started approving H-1B visa petitions without the $100,000 fee. This change follows federal court orders that blocked the enforcement of this fee requirement. Many employers previously avoided hiring overseas candidates due to these costs, but approvals may open new opportunities. Petition processing is currently uneven, and some applications are still pending beyond premium processing deadlines.
Experts divided over Justice Kaul's criticism of ex-CJI Chandrachud's approach to judicial appointments
Sanjay Kishan Kaul has raised concerns regarding the judicial appointment approach of former Chief Justice D Y Chandrachud. Legal experts have expressed differing opinions on Kaul's criticisms, with some defending Chandrachud's tenure and others supporting Kaul. Senior advocates have highlighted issues related to judicial independence and the allocation of sensitive cases during Chandrachud's administration. While some praise his leadership, others suggest he was deferential to the government.
Why London restaurant Veeraswamy’s got a notice from the Crown Estate
Veeraswamy, a famous Indian restaurant in London, is facing eviction from its premises by the Crown Estate. The Crown Estate cites the need for renovations as the reason for not renewing the lease. Ranjit Mathrani, the restaurant's owner, claims that the treatment reflects culinary discrimination against Indian cuisine. Mathrani has appealed to the monarchy, emphasising the restaurant's historical significance and royal connections.
65 chargesheeted in cases involving illegal stay in Jammu by Pakistani nationals: Official
Chargesheets have been filed against 65 individuals involved in cases of illegal Pakistani nationals in Jammu division. Investigations revealed that some Pakistani nationals had fraudulently obtained Indian identity documents while illegally residing in various districts. The Special Crime Wing conducted a thorough investigation and traced multiple families originally from Sindh, Lahore, and other regions in Pakistan.
'Best roads in the world': Foreign traveller drives 2,500 km through Tamil Nadu, Karnataka, Maharashtra, Gujarat & Rajasthan; here’s what surprised him
A foreign traveller has praised India's road network, saying the country now has “some of the best roads in the world” after completing a journey of more than 2,500 km from Tamil Nadu towards the Himalayas. The drive took him through several states, including Karnataka, Maharashtra, Gujarat and Rajasthan, as India continues to expand its National Highway network.
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.
English Court of Appeal dismisses India's appeal in dispute with UAE-based RAKIA
The English Court of Appeal has dismissed India's challenge to an arbitral tribunal's jurisdiction over a dispute brought by Ras Al Khaimah Investment Authority under the India-UAE Bilateral Investment Treaty. The dispute concerns the cancellation of a bauxite supply agreement for an Andhra Pradesh aluminium project involving RAKIA and the Penna Group.
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.
Sourav Ganguly alleges 'Doosra' movie used his identity without permission, asks Delhi HC to stay its release, court declines
Delhi High Court has refused to halt the October 23 theatrical release of ‘Doosra’ following a plea by former India cricket captain Sourav Ganguly over alleged violation of his personality and commercial rights. The filmmakers say the sports drama is not a biopic, while the court has listed the matter for further hearing on Friday.
Tenants stayed in India without valid visas, landlord claimed he didn’t know; Madras HC upholds 2-year jail term and Rs 10,000 fine
Foreigner tenants arrested by police for staying without valid Indian visa; landlord says he didn’t knew this; Madras HC upheld Rs 10,000 fine and 2 years jail sentence for tenants under Foreigners Act
Any impeachment motion against CEC will be examined under rules: Lok Sabha Speaker Om Birla
Protests are escalating as citizens call for the resignation of Chief Election Commissioner Gyanesh Kumar amid allegations of misconduct in voter list revisions. Lok Sabha Speaker Om Birla confirmed that any proposed impeachment motion will be reviewed following parliamentary procedures.
The food Indians buy is changing, and so is the scrutiny of what companies promise
India's Food Safety and Standards Authority of India has issued over 150 notices to various food and beverage companies. These notices address misleading advertisements, false claims, and labeling violations concerning multiple products. Regulatory actions involve well-known brands like ITC, AWL Agri Business, Dabur, and Hindustan Unilever. Additionally, serious food-safety violations have been flagged against companies like Priyagold and Dodla Dairy.
Cheaper air tickets may remain a distant dream for Indian flyers
Indian flyers may have to wait longer for airfare relief after the festive season as elevated aviation turbine fuel prices, rupee depreciation and West Asian conflict-related disruptions keep costs high. ICRA expects fares to remain elevated in the near term, with sustained relief depending on lower fuel prices and improved capacity availability.
Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?
Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its significance. With foreign portfolio investors withdrawing substantial funds from Indian equities, the impact of tax regimes on investment behavior and market liquidity warrants deeper analysis. Reforms are necessary to enhance India's competitiveness in attracting global capital.
New Zealand court rules employers charging migrant workers overseas job fees is illegal
The Employment Court of New Zealand has made a clear decision that charging fees to migrant workers seeking employment is illegal, and this rule applies internationally. Migrant workers are encouraged to report any fee demands for job opportunities to Immigration New Zealand. Employers must adapt their recruitment methods to conform with New Zealand's legal frameworks.
Karnataka HC refuses to quash case against father after minor son killed 3 in crash
The Karnataka High Court has upheld culpable homicide charges against a father whose son caused a deadly crash. The crash resulted in the deaths of three family members in December 2020. The court revealed that the father allegedly allowed his son to drive without proper supervision. The ruling emphasizes parental accountability for underage driving incidents. Karnataka ranks sixth in India for accidents involving minors based on recent data.
Yes Bank's evaluating capital actions to back growth plans
Yes Bank anticipates its Common Equity Tier 1 capital will decline due to a Supreme Court ruling. The ruling reverses the 2020 write-down of additional Tier 1 bonds, impacting the bank's finances. The bank is assessing its capital options and legal responses to the judgment. Despite the challenges, Yes Bank's growth priorities remain intact, with notable year-on-year advances.
Railways may fine you Rs 1,000 or imprison you for up to six months for playing loud music or videos on trains; awareness drive planned
Railway authorities plan to raise awareness regarding noise caused by mobile phones in trains and stations. Announcements will inform passengers that such behavior may result in fines or imprisonment. Previous complaints highlighted the increasing nuisance from loud music and videos played openly. Enforcement of these regulations will be more assertive following recent amendments to railway laws. Passenger associations have expressed concerns about the feasibility of enforcement due to staffing shortages.
Global investors against use of judicial anti-avoidance rule by tax officials
International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. The use of JAAR to deny relief on grandfathered shares contradicts prior regulations established by the CBDT. The standing of both GAAR and JAAR remains complex due to Supreme Court rulings.
University of Manchester to establish new centre in Bengaluru for research and industry collaboration
The University of Manchester is set to establish a centre for education, research, and innovation in Bengaluru. This centre aims to provide students with practical experiences through internships and work placements. It will also foster partnerships between academics, businesses, and entrepreneurs to address shared challenges. The initiative builds on the university’s existing collaborations with Indian organisations and educational institutions.
Love shooting trains, Vande Bharat videos & scenic railway bridges with a drone? Railways is cracking down, and vloggers need to take note
Indian Railways has stepped up its crackdown on unauthorised drone operations over railway tracks, stations and other infrastructure, citing safety and security risks. The action follows a Kollam court ruling that fined a man and sentenced him to one day of community service for illegally flying a drone over a railway line. The move could affect vloggers and rail enthusiasts filming trains, bridges, tunnels and scenic routes for social media without the required permissions.
SC new ruling on college fees: Private engineering and medical colleges can't hike fees midway
The Supreme Court has ruled that private professional colleges can increase fees after admission only in exceptional circumstances, such as an unforeseen rise in expenditure. The court struck down a 37% fee hike and an additional development fee imposed on BTech students at Dr BC Roy Engineering College in West Bengal.
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