Author: Legal Parivar

The BJP administrations in Chhattisgarh and Madhya Pradesh have declared the Bollywood movie “Article 370” as tax-free within their respective states. According to PTI, Chhattisgarh Chief Minister Vishnu Deo Sai made this announcement after viewing the film, which centers on the revocation of Article 370 of the Indian Constitution granting special status to Jammu and Kashmir, at a mall in the evening. A day earlier, the BJP government in neighboring Madhya Pradesh had also granted the film tax-free status. Accompanied by his wife Kaushalya Devi Sai and cabinet colleagues Ramvichar Netam and Kedar Kashyap, Sai issued a statement through the…

The Election Commission of India (ECI) refutes circulating WhatsApp rumors regarding the Lok Sabha elections schedule. ECI emphasizes that no official dates have been announced yet and assures that any information regarding election dates will be communicated through a press conference. This clarification aims to combat misinformation spread on social media platforms like WhatsApp. Congress Unveils First List of Candidates for Lok Sabha Polls 2024Congress announces its initial list of candidates for 39 Lok Sabha constituencies, covering states including Chhattisgarh, Karnataka, Kerala, Lakshwadeep, Meghalaya, Nagaland, Sikkim, Telangana, and Tripura. The list comprises 16 candidates from Kerala, seven from Karnataka, six…

Rakesh Gangwal, co-founder of IndiGo, is reportedly contemplating selling up to 5.8 percent of his stake in Interglobe Aviation, the parent company of the airline. This percentage is higher than his previous plan to sell 3.3 percent, as per CNBC-TV18’s report on March 8, citing sources. The proposed sale aims to raise nearly Rs 6,600 crore, with a floor price set at Rs 2,925 per share, according to the report. However, LegalParivar has not independently verified this information. On March 7, sources reported, based on insiders’ information, that Gangwal was considering selling a 3.3 percent stake in Interglobe Aviation. Gangwal…

Coal India Ltd achieved a historic production milestone of 703.91 million tonnes (MT) during the current fiscal year until March 7, surpassing the previous fiscal year’s output of 703.20 MT, as announced by the Coal Ministry on Friday. The ministry highlighted the implementation of various key measures aimed at enhancing production, resulting in Coal India maintaining a substantial stock of 72.70 MT as of March 7, 2024. According to a ministry release, Coal India Limited (CIL) surpassed last year’s production by an impressive margin of 26 days, achieving the record production figure of 703.91 million tonnes of coal up to…

On March 8, the Enforcement Directorate (ED) announced the arrest of Girish Talreja and Suraj Chokhani in relation to the Mahadev Online Book betting case (MOB). The MOB betting app has been identified as a syndicate facilitating illegal betting websites and money laundering through a complex network of benami bank accounts. Suraj Chokhani is reportedly a close associate of Hari Shankar Tibrewala, a hawala operator based in Dubai, who is believed to be a partner of the MOB promoters. Recently, the ED froze shares worth Rs 581 crore held by Tibrewala’s associates. According to the ED, Tibrewala utilized various companies,…

To address Bengaluru’s most severe water crisis to date, the Bengaluru Water Supply Board is strategizing to partner with the Indian Institute of Science (IISC) to extract water from 185 lake beds across the city using innovative technology, aiming to meet the overwhelming water demand. According to Ram Prasath Manohar, chairman of the Bengaluru Water Supply Board, the Indian Institute of Science has initiated a pilot project to recycle water near lake beds using cutting-edge technology. In an interview with NDTV, he stated that they are considering collaborating with IISC experts to implement scientific and innovative approaches. By employing these…

Amidst global economic uncertainties and supply chain disruptions, the government has broadened the scope of a scheme aimed at enhancing the competitiveness of Indian exports worldwide by reimbursing various central, state, and local duties and taxes. The Remission of Duties and Taxes on Exported Products, RoDTEP scheme has been expanded to include support for advance authorization holders, export-oriented units, and special economic zones (SEZs). This move is anticipated to particularly benefit sectors such as engineering, textiles, chemicals, pharmaceuticals, and food processing. The extension of the scheme to these additional sectors is currently applicable until 30 September. Union Commerce Minister Piyush…

Sudha Murty, a postgraduate from IISc, Padma awardee, philanthropist, author, and now a Presidential nominee for Rajya Sabha, has set a high standard for women in public life. Her steadfast support for her husband, Infosys founder NR Narayana Murthy, since the inception of the company is well-documented, as is her frugal lifestyle and emphasis on financial values instilled in her children Rohan and Akshata. At 73 years old, her nomination on International Women’s Day is a fitting recognition for her contributions. She was honored with the Padma Shri in 2006 and the Padma Bhushan in 2023. Serving as the chairperson…

The Enforcement Directorate (ED) announced on Friday that it has provisionally attached immovable assets worth Rs 367 crore in Delhi, Mumbai, Kolkata, and various cities in Odisha. This action is part of a money-laundering investigation connected to an alleged bank-loan fraud involving Bhushan Steel Limited (BSL). The assets were found to be held under the names of benamidars/shell entities with dummy directors to conceal them from law enforcement agencies, the ED stated in a release issued under the Prevention of Money Laundering Act (PMLA). Following the completion of the corporate insolvency resolution process (CIRP), Tata Steel Limited acquired BSL in…

Amid the deaths of two Indian nationals serving as support staff with Russian military units, India issued a stern warning on Friday, urging its citizens to refrain from taking up such risky roles. The Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal, emphasized that India’s focus is on securing the early discharge of all individuals working in similar positions. Jaiswal, during his weekly media briefing, revealed that several Indians have been “deceived” into working with the Russian Army. He emphasized that New Delhi has taken up the matter with Moscow to expedite the discharge of these individuals. He cautioned Indian…