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Rule of law umbrella concept to protect citizens against State’s power: Supreme Court

November 13, 2024
General

New Delhi, Nov 13 (PTI) The rule of law is an umbrella concept to protect citizens against the power of the State and it is necessary for democracy and good governance, the Supreme Court said on Wednesday. Laying down pan-India guidelines on demolition of properties, the apex court said the rule of law ensures that actions of the government and its authorities are governed by established legal principles, rather than arbitrary discretion. “Ensuring the preservation of the principle of rule of law and the protection of the civil rights and liberties of citizens is essential for protecting constitutional democracy,” a

Beneficiaries ‘receive’ JMM govt scheme funds night before voting, BJP lodges complaint

November 13, 2024
Politics

Ranchi, Nov 13 (PTI) Jharkhand BJP on Wednesday lodged a complaint with the Election Commission against the Hemant Soren-led government for allegedly transferring money into the accounts of women beneficiaries under Jharkhand Mukhyamantri Maiyan Samman Yojana (JMMSY) a night before polling. The party also lodged a complaint against Ajay Nath Shahdeo, the Congress candidate from the Hatia seat and Mahua Maji, the JMM candidate from the Ranchi seat, for allegedly violating the model code of conduct (MCC). The delegates, including Pushpak Tiwary, said they demanded a probe and action from the commission against the government for “transferring” the amount under

Indian political parties woo women voters with cash handouts amid economic woes

November 13, 2024
Politics

NEW DELHI, Nov 13 (Reuters) – Indian political parties are increasingly targeting women voters with fiscally draining handouts of cash around the time of elections to counter wider worries about inflation and the lack of jobs, analysts say. A greater turnout of women voters in the past decade has reversed a trend of men easily outnumbering women. Political parties have competed to attract them, even as inflation hit a 14-month peak in October and unemployment stays high, at 8.9%. Regional governments run by both Prime Minister Narendra Modi’s party and the opposition are offering or planning such efforts to lure

SBI, HDFC Bank, ICICI Bank remain Domestic Systemically Important Banks in 2024: RBI

November 13, 2024
Finance

Mumbai, Nov 13 (PTI) State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs. Inclusion in the list requires the lenders to maintain higher Common Equity Tier 1 (CET1) in addition to the capital conservation buffer as per the bucket under which it has been classified. The State Bank of India (SBI) continues to be in bucket 4, which will require the country’s largest lender to keep an additional CET1 of 0.80 per

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