A circular dated July 22 by SEBI aims to boost transparency in debt mutual funds

SEBI announced some measures in furtherance of bringing in more transparency and regulations around debt mutual funds on July 22nd. SEBI in its circular asked mutual funds to undertake at least 10% of their total secondary market trades by value in corporate bonds (excluding Inter Scheme Transfer trades) by seeking quotes through one-to-many mode on … Continue reading A circular dated July 22 by SEBI aims to boost transparency in debt mutual funds

HC directed state government to hold K-CET 2020

The Karnataka High Court directed the State Government to revisit its decision to hold Karnataka Common Entrance Test(KCET) in the rising cases of COVID-19. As per 13th May notification the KCET was scheduled to be held on July 30 and 31. Three petitions has been filed by theNational Student Union of India (NSUI), Advocate Pradeep … Continue reading HC directed state government to hold K-CET 2020

Covid-19: Chhattisgarh extends lockdown till August 6 in affected districts

Raipur: Amid continuous spurt in Covid-19 cases, Chhattisgarh government on Monday decided to extend the lockdown till August 6 in the districts most affected with the virus and have recorded an increasing number of cases. Presently, most parts of the state are witnessing lockdown from July 22 till 28 and now, it has been extended … Continue reading Covid-19: Chhattisgarh extends lockdown till August 6 in affected districts

Malaysia 1MDB corruption case

The Malaysian government announced that Goldman Sachs has agreed to a total settlement of USD $3.9 billion in the 1Malaysia Development Berhad (1MDB) corruption scandal. In return, the government will dissolve all the criminal charges and proceedings against the firm. The agreement includes a $2.5 billion cash payout by the investment bank and a guarantee … Continue reading Malaysia 1MDB corruption case

Gujarat High Court to consider open public access for virtual court hearings

In the case Pruthvirajsinh Zala v. High Court of Gujarat, a law student from Nirma University, appeared as a party in person and sought for open public access to virtual court hearings. Additionally the petitioner also demanded for virtual streaming of proceedings even when they are held in person. The plea  was heard on July 20th … Continue reading Gujarat High Court to consider open public access for virtual court hearings

India to setup its own Cotton Warehouse in Vietnam to boost Exports

The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports of the fibre crop. A memorandum of understanding is being worked out to export 1.5-2 million bales (of 170 kilograms each) of cotton to Bangladesh while the state-run CCI will … Continue reading India to setup its own Cotton Warehouse in Vietnam to boost Exports

SC asked Centre to explain their actions, for dignified treatment of COVID patients

The Supreme Court on June 11th, had taken suo moto cognizance of reports that alleged mishandling of dead bodies of COVID-19 patients and, ill-treatment of  other patient suffering from COVID-19.  The Supreme Court asked the central government to clarify what steps have been taken to follow the top court’s directions regarding the dignified handling of … Continue reading SC asked Centre to explain their actions, for dignified treatment of COVID patients