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Electoral Bond
Electoral bonds were a mode of funding for political parties in India from their introduction in 2018 until they were struck down as unconstitutional by the Supreme Court on 15 February 2024. Following their termination, a five-judge bench headed by the Chief Justice directed the State Bank of India to cede the identities and other details of donors and recipients to the Election Commission of India, which was in turn asked to publish them on its website. The course of action was introduced in ''The Finance Bill, 2017'' during the Union Budget 2017-18 by then Finance Minister Arun Jaitley. They were classified as a Money Bill, and thus bypassed certain parliamentary scrutiny processes, in what was alleged to be a violation of Article 110 of Indian constitution. Mr Jaitley also proposed to amend the Reserve Bank of India (RBI) Act in order to facilitate the issuance of electoral bonds by banks for the purpose of political funding. Although introduced in early 2017, the Depa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of India
The Supreme Court of India is the supreme judiciary of India, judicial authority and the supreme court, highest court of the Republic of India. It is the final Appellate court, court of appeal for all civil and criminal cases in India. It also has the power of Judicial review in India, judicial review. The Supreme Court, which consists of the Chief Justice of India and a maximum of fellow 33 judges, has extensive powers in the form of original jurisdiction, original, appellate jurisdiction, appellate and Advisory opinion, advisory jurisdictions. As the apex constitutional court, it takes up appeals primarily against verdicts of the List of High Courts of India, High Courts of various states and tribunals. As an advisory court, it hears matters which are referred by the President of India#Judicial powers, president of India. Under judicial review, the court invalidates both ordinary laws as well as Amendment of the Constitution of India, constitutional amendments as per the basi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Know Your Customer
Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations. KYC processes are also employed by companies of all sizes for the purpose of ensuring their proposed customers, agents, consultants, or distributors are anti-bribery compliant and are actually who they claim to be. Banks, insurers, export creditors, and other financial institutions are increasingly required to make sure that customers provide detailed due-diligence information. Initially, these regulations were imposed only on the financial institutions, but now the non-financial industry, fintech, virtual assets dealers, and even non-profit organizations are included in regulations in many countries. Requirements In the United States, the Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Contribution Regulation Act
The Foreign Contribution (regulation) Act, 2010 is an act of the Parliament of India, by the 42nd Act of 2010. It is a consolidating act whose scope is to regulate the acceptance and utilisation of foreign contribution or foreign hospitality by certain individuals or associations or companies and to prohibit acceptance and utilisation of foreign contribution or foreign hospitality for any activities detrimental to the national interest and for matters connected therewith or incidental thereto. It is designed to correct shortfalls in the predecessor act of 1976. The bill received presidential assent on 26 September 2010. Amendments Foreign Contribution (Regulation) Amendment Act, 2020 The Minister of Home Affairs, Amit Shah introduced the Foreign Contribution (Regulation) Amendment Bill, 2020, which made several changes to the existing Act, including making it mandatory for office bearers of any Non-governmental organization, non-governmental organisation (NGO) to provide the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax Act, 1961
The Income Tax Act, 1961 is the charging statute of income tax in India. It provides for the levy, administration, collection, and recovery of income tax. The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. New Income Tax Bill 2025 was presented by the government in the Lok Sabha (Lower house of India) on 13.02.2025, If the bill is approved and passed then it will become an act of law and will come into force with effect from 01.04.2026. Amendments The Government of India presents the finance bill (budget) every year in the month of February. The finance budget brings various amendments in the Income Tax Act, 1961 including tax slabs rates. The amendments are generally applicable to the following financial year beginning from 1 April unless otherwise specified. Such amendments become part of thIncome Tax Actafter receiving approval of the President of India. The partial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act 2013
The Companies Act 2013 (No. 18 of 2013) is an Act of Parliament, Act of the Parliament of India which forms the primary source of Indian company law. It received presidential assent on 29 August 2013, and largely superseded the Companies Act 1956. The Act was brought into force in stages. Section 1 of this act came into force on 30 August 2013. 98 different sections came into force on 12 September 2013 with a few changes. A total of another 183 sections came into force from 1 April 2014. The Ministry of Corporate Affairs thereafter published a notification exempting private companies from the ambit of various sections under the act. The Act increased the responsibilities of corporate executives in the information technology sector, increasing India's safeguards against organised cybercrime by allowing CEOs and CTOs to be prosecuted in cases of IT failure. The Act established the National Company Law Tribunal (NCLT), which was constituted on 1 June 2016, based on the recommend ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carnegie Endowment For International Peace
The Carnegie Endowment for International Peace (CEIP) is a nonpartisan international affairs think tank headquartered in Washington, D.C., with operations in Europe, South Asia, East Asia, and the Middle East, as well as the United States. Founded in 1910 by Andrew Carnegie, the organization describes itself as being dedicated to advancing cooperation between countries, reducing global conflict, and promoting active international engagement between the United States and countries around the world. It engages leaders from multiple sectors and across the political spectrum. In the University of Pennsylvania's "2019 Global Go To Think Tanks Report", Carnegie was ranked the number 1 top think tank in the world. In the ''2015 Global Go To Think Tanks Report'', Carnegie was ranked the third most influential think tank in the world, after the Brookings Institution and Chatham House. It was ranked as the top Independent Think Tank in 2018. Its headquarters building, prominently locate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HuffPost India
''HuffPost'' (''The Huffington Post'' until 2017, itself often abbreviated as ''HPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture, comedy, healthy eating, young women's interests, and local news featuring columnists. It was created to provide a progressive alternative to conservative news websites such as the Drudge Report. The site contains its own content and user-generated content via video blogging, audio, and photo. In 2012, the website became the first commercially run United States digital media enterprise to win a Pulitzer Prize. Founded by Arianna Huffington, Andrew Breitbart, Kenneth Lerer, and Jonah Peretti, the site was launched on May 9, 2005, as a counterpart to the Drudge Report. In March 2011, it was acquired by AOL for US$315 million, with Arianna Huffin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WION
WION (World is One News) is an Indian English language news channel headquartered in Noida, India. WION is owned by the Essel Group and is a part of the Zee Media network of channels, whose majority owner is Subhash Chandra and family. As of 2021, WION had presence in over 190 countries. It has faced scrutiny from multiple foreign countries including China and Canada over its coverage, and in 2022 was blocked from YouTube for a period of time for broadcasting a speech by Sergey Lavrov, the head of Russia's Ministry of Foreign Affairs. The channel's former Pakistan bureau chief was forced into exile after a failed kidnapping attempt in Islamabad. The channel has been accused of promoting misinformation regarding COVID-19. History Zee Media hired Rohit Gandhi as the founder and first editor-in-chief to establish the channel in August 2015. Its simulcast was launched on its website in many countries as a free-to-air satellite service on 15 June 2016. The television channel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Indian Express
''The Indian Express'' is an English-language Indian daily newspaper founded in 1932 by P. Varadarajulu Naidu. It is headquartered in Noida, owned by the ''Indian Express Group''. It was later taken over by Ramnath Goenka. In 1999, eight years after Goenka's death in 1991, the group was split between the family members. The southern editions took the name '' The New Indian Express'', while the northern editions, based in Mumbai, retained the original ''Indian Express'' name with ''The'' prefixed to the title. History In 1932, the ''Indian Express'' was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his Tamil Nadu press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of '' The Free Press Journal'', a national news agency. In 1933, the ''Indian Express'' opened its second office in Madurai, launching the Tamil edition, '' Dinamani''. Sadanand introduced several innovations and reduced t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Funding In India
Political funding in India is a major concern under need for electoral reforms in India. The financing of the world's most extensive electoral process remains a perplexing issue, as the involvement of businesses in supporting both disclosed and undisclosed expenditures during elections has been a matter of public knowledge for a considerable period. On 21 December 2020, the Central Information Commission issued a verdict that political parties cannot be classified as "public authorities" and hence the disclosure of information regarding the funding of political parties is not mandatory for voters and citizens. Political Parties As per a notification dated 23 September 2021 released by the Election Commission, there exist eight National Parties and over 60 State Parties. It also recognizes and mentions an approximate count of 3,000 Registered Unrecognised Political Parties (RUPP). RUPPs encompass newly established parties, those unable to attain a sufficient vote share in State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister's National Relief Fund
Prime Minister's National Relief Fund (PMNRF) in India is the fund raised to provide support for people affected by natural and man made disasters. Natural disasters covered under this include flood, cyclone, earthquake etc. Man made disasters include major accidents, acid attacks, riots etc. The fund is also allotted to the people for treatment like cancer, kidney transplantation, heart surgery etc. The fund was first consolidated during the time of the first prime minister of republic of India Jawaharlal Nehru. History Partition of British India occurred in 1947 along with the formation of two dominions called Pakistan and India. Partition resulted in mass violence and people were moving across borders in all means. Thus to support the displaced people from Pakistan Jawaharlal Nehru created a fund collected from the public in January 1948. Implementation The fund is fully collected from the public and has no budgetary allocation from the government. The fund collected is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indo-Asian News Service
Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. In December 2023, Adani group, known for its close ties with the ruling BJP, and congress acquired majority stake in the agency making it a subsidiary to Adani's AMG Media Networks. The IANS main offices are located in Noida, Uttar Pradesh. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects, to subscribers via the Internet. While IANS is primarily known as a wire service in English and Hindi Modern Standard Hindi (, ), commonly referred to as Hindi, is the Standard language, standardised variety of the Hindustani language written in the Devanagari script. It is an official language of India, official language of the Government ..., it also has a publishing division that currently produces newspapers and periodicals for ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
