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NEW DELHI, Mar 3: The Supreme Court Wednesday directed the Centre to suggest the names of the members, secretaries or officers from various departments for constituting a committee to come out with a solution to reduce the pendency of cheque bounce cases. A bench of Chief Justice S A Bobde and Justices L Nageswara Rao and S Ravindra Bhat asked Additional Solicitor General Vikramjit Banerjee to suggest the names by Thursday. The direction came after the law officer suggested that the matter requires wide ranging discussion of various stake holders and officers and the secretaries of various Mi...

SC suggests more courts for speedy cheque bounce case trials SC suggests more courts for speedy cheque bounce case trials Last Updated: Thu, Feb 25th, 2021, 22:42:06hrs New Delhi, Feb 25 (IANS) Against the backdrop of staggering pendency of 35 lakh cheque bounce cases, the Supreme Court on Thursday suggested that the Centre examine the possibility of additional courts for speedy disposal of these cases. The observation from a bench headed by Chief Justice S.A. Bobde and comprising Justices L. Nageswara Rao and S. Ravindra Bhat, while hearing a suo motu case to work out a mechanism for expedit...

I have written about Centrally Sponsored Schemes (CSS-s) in the past. But given the Union Budget and 15th Finance Commission’s report, the point is worth pursuing. In addition to the National Health Mission (NHM), the Budget announced a new CSS, the PM AtmaNirbhar Swasth Bharat Yojana. However, the speech also said, “On the recommendation of the Fifteenth Finance Commission, we have undertaken a detailed exercise to rationalise and bring down the number of Centrally Sponsored Schemes. This will enable consolidation of outlays for better impact.” A quote from the 15th Finance Commission�...

Uttarakhand High Court dismisses petitions filed by hydropower companies According to the case, the Uttar Pradesh government conceptualised the Srinagar Hydro Electric Project in 1981 with a capacity of 330 MW The Uttarakhand High Court has dismissed petitions filed by various hydro-power project companies against the Uttarakhand government, upholding the water tax on hydropower generation. A single-judge bench of Justice Lokpal Singh passed this verdict on Friday (February 12). According to the case, the Uttar Pradesh government conceptualised the Srinagar Hydro Electric Project in 1981 wit...

We will soon have the Union Budget for 2021-22. Apart from policy announcements made, the Budget is about the Union government’s annual statement of receipts and expenditure. Receipts can be non-tax or tax. Most people want the Centre to spend. Indeed, as economists argue, multiplier benefits of government expenditure exceed those of tax reductions. That is, if there is going to be an expansionary fiscal policy, that is better accomplished by increasing government expenditure, not reducing taxes. Of course, to increase government expenditure, one needs to find resources without imposing cos...