Aadhaar Review Petition

The Supreme Court, in a majority view (4:1), dismissed a series of petitions seeking a review of its 2018 judgment upholding the Lok Sabha Speaker’s certification of Aadhaar law as a Money Bill and its subsequent passage in Parliament. The review petitions had highlighted how the Aadhaar Act was passed as a Money Bill by

Insolvency and Bankruptcy Code

The Supreme Court has held that the bidders for a corporate debtor under the Insolvency and Bankruptcy Code (IBC) would be immune from any investigations being conducted either by any investigating agencies. IBC was enacted on May 28, 2016, to effectively deal with insolvency and bankruptcy of corporate persons, partnership firms and individuals, in a

Ratle Hydel Plant

The Centre has decided to go ahead with the long-pending 850-megawatt Ratle hydroelectric power project on the river Chenab in J&K Kishtwar district, despite objections raised by the Pakistan government over the same. It is a run-of-the-river hydroelectric power station currently under construction on the Chenab River, downstream of the village near Drabshalla in Kishtwar

Secured Overnight Financing Rate

State Bank of India (SBI) has executed two inter-bank short term money market deals with pricing linked to SOFR (Secured Overnight Financing Rate). Secured Overnight Financing Rate (SOFR) is a secured interbank overnight interest rate. It is a replacement for USD LIBOR (London Inter-bank Offered Rate) that may be phased out end-2021. The overnight rate

Tripuri Risa

Tripura CM has of late made a statement to sport the Risa, a customary hand-woven cloth used by Tripura’s indigenous tribal communities. Risa is one of the three parts of customary Tripuri female attire, the other two being the Rignai and Rikutu. The Risa, which is essentially a customary hand-woven cloth, is used as headgear,

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