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In August 2022, the Supreme Court (SC) first issued notices on a public interest litigation (PIL) that noted senior counsel Prashant Bhushan had helped me file on the need for a centralised database to pay back unclaimed funds lying dormant in pools with various financial regulators and government agencies
RBI launched UDGAM, an unclaimed deposits - gateway to access information, a centralised web portal, which would make it easier for people to search for their unclaimed deposits across multiple banks in one place.
Terming the issue of unclaimed deposits as 'very large', the Supreme Court on Friday allowed senior counsel Prashant Bhushan to file a combined rejoinder in a public interest litigation (PIL) filed by Sucheta Dalal, managing editor of Moneylife and founder-trustee of Moneylife Foundation.
The Union Budget was high on feel-good rhetoric, promises and slogans, with an eye on the general election
On 12th August, the bench of justices S Abdul Nazeer and JK Maheswari of the Supreme Court of India (SC) were pleased to issue a notice to the ministries of finance, corporate affairs, Reserve Bank of India