Author: Legal Parivar

Heavy snowfall in Himachal Pradesh’s Lahaul and Spiti district has disrupted normal life, causing communication network, electricity, and water supply disruptions for several days. The snowfall began on March 2, blanketing the upper reaches of the hill station in a white sheet. According to an official from the local administration, speaking to news agency ANI via satellite phone, the recent snowfall has severely impacted the communication infrastructure in the region, with only satellite phones remaining operational. Restoration efforts for communication networks and water supply depend on the restoration of power lines. The official highlighted the blockage of infrastructure in Lahaul…

Despite high US bond yields, foreign portfolio investors (FPIs) have continued to show consistent buying activity in Indian markets, extending the modest buying trend observed in February. According to data from the National Securities Depository Ltd (NSDL), FPIs have purchased Indian equities worth ₹11,823 crore, contributing to a total inflow of ₹15,559 crore as of March 7. This figure includes investments in debt, hybrid, debt-VRR, and equities.

In a cabinet meeting chaired by Chief Minister Bhagwant Mann, the Punjab cabinet endorsed the excise policy for the fiscal year 2024-25, with a target of generating revenue exceeding Rs 10,000 crore from liquor sales. Finance Minister Harpal Singh Cheema announced the approval of the new excise policy, highlighting it as the third such policy under the AAP government. Cheema noted that this policy aims to surpass the revenue generated during the previous Congress regime, which amounted to Rs 6,151 crore from liquor sales. The new excise policy introduces changes such as allotment of liquor vends through a draw of…

Prime Minister Narendra Modi intensified his criticism against the TMC, alleging corruption and dynasty politics within opposition parties like the Trinamool Congress (TMC) and the Congress. During a large rally in Siliguri, he urged the people to defeat the Mamata Banerjee-led TMC in West Bengal, asserting that the path to ousting the corrupt government in the state would start from the upcoming Lok Sabha elections. Highlighting the struggles of mothers across the country for basic necessities, Modi emphasized the importance of initiatives like sanitation, free electricity, bank accounts, and tap water to improve their lives. He criticized the neglect of…

Chief Minister Arvind Kejriwal accused the BJP of adopting a “model of vinash” or destruction while his AAP government in Delhi pursued a model of “vikas” or development. He made these remarks during a session in the Delhi Assembly to discuss the recently tabled budget for 2024-25. Kejriwal highlighted the positive reception of the budget, claiming that many believed the AAP-Congress alliance would sweep all seven Lok Sabha seats in Delhi. He criticized the BJP for allegedly targeting opposition parties and attempting to topple his government by orchestrating his arrest. Regarding the eight summons issued to him, Kejriwal sarcastically pledged…

The Delhi government has introduced a new vehicle scrapping policy, wherein owners will have a limited three-week window to retrieve their impounded vehicles before they are sent for scrapping. The transport department of Delhi has issued guidelines outlining the process for reclaiming impounded vehicles, which involves the development of an online platform to facilitate communication between vehicle owners, enforcement agencies, and registered scrapping facilities. Under the new policy, vehicles impounded for exceeding their lifespan can apply for release within three weeks, with the enforcement agency expected to make a decision within one week. To retrieve impounded vehicles, owners of four-wheelers…

Former Chief Minister of Andhra Pradesh, N Chandrababu Naidu, announced on Saturday that the BJP, the Telugu Desam Party (TDP), and the Jana Sena Party have reached an understanding to form an alliance for the forthcoming Lok Sabha and Andhra Pradesh Assembly elections. Naidu expressed confidence in the alliance’s ability to secure victory in Andhra Pradesh, emphasizing the benefits of collaboration between the BJP and the TDP for both the country and the state. According to sources, the alliance discussions concluded after a second round of talks among senior leaders from the three parties. It is anticipated that the BJP…

The Bharatiya Janata Party (BJP) unveiled its candidate roster for the upcoming Legislative Council elections in Bihar and Uttar Pradesh. In Bihar, where 11 seats are up for grabs, the BJP has named contenders for 3 seats, while in Uttar Pradesh, they’ve announced candidates for 7 out of 13 MLC seats. Scheduled for March 21, the MLC elections in Bihar and UP have a nomination deadline of March 11. In Bihar, BJP’s candidates include Mangal Pandey, Dr. Lal Mohan Gupta, and Anamika Singh, while in Uttar Pradesh, the party has nominated Vijay Bahadur Pathak, Mahendra Kumar Singh, Mohit Beniwal, Ashok…

Several companies, including IIFL Securities Ltd and SBI Life Insurance Company Ltd, are set to trade ex-dividend starting from Monday, March 11. Additionally, some companies will trade ex-bonus and ex-split during the week. The ex-dividend date marks the adjustment of the share price to reflect the next dividend payout, signaling that the stock will no longer carry the value of its upcoming dividend payment. Dividends are payable to shareholders listed on the company’s record date. Here are the stocks declaring dividends in the upcoming week: Additionally, the following stocks will undergo corporate actions: Furthermore, Gujarat Ambuja Exports Ltd declared a…

Union IT and Communications Minister Ashwini Vaishnaw assured in an interview that the government is fully supportive of Vodafone Idea’s efforts to raise funds, including through equity and debt, with contributions from its promoters. Vaishnaw emphasized that the government has been proactive in assisting the struggling telecom company thus far. “We are committed to supporting any fundraising initiatives that Vodafone Idea wishes to pursue. As a listed entity, I refrain from speculating on its future. What’s important is that the government has made every effort to extend support,” stated Vaishnaw. Recent reports revealed that Vi has secured commitments from anchor…