FIAT MONEY AND LEGAL TENDER

SECI banned Reliance Power and subsidiaries from its renewable energy tenders. SECI found a Reliance subsidiary submitted a fake bank guarantee. Reliance Power denied wrongdoing and claimed to be a victim of fraud. The company will challenge SECI's ...

A Chennai consumer lawsuit led to a post office being fined Rs 15,000 for overcharging due to a software glitch. The claimant, denied 50 paise change for a Rs 29.50 transaction, was awarded 2999900% return by the disputes redressal commission. The p...

El Salvador. Osorio credited the US founder of the NGO My First Bitcoin, John Dennehy, with encouraging him to accept payment in the cryptocurrency. He invested hundreds of millions of dollars of taxpayer money in the cryptocurrency, despite warning...

Napoleon Osorio, a taxi driver in El Salvador, credits President Nayib Bukele's decision to make bitcoin legal tender for transforming his life. Despite the initial skepticism and low adoption rate among Salvadorans, Osorio has prospered by acceptin...

Traders betting on crypto platform WazirX have learnt that they are “unsecured creditors” of a Singapore company named Zettai (the Japanese word for ‘no matter what’). Zettai is the parent of the Indian company Zenmai (also a Japanese word, meaning ...

The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that f...

The Delhi High Court waived the Rs 75,000 costs imposed on a law student for his PIL seeking "extraordinary interim bail" for CM Arvind Kejriwal after he tendered an unconditional apology, citing his inability to pay due to being a student. The cour...

Alamgir Alam ED Raid: Enforcement Directorate recovered unaccounted cash in searches related to a state minister's aide. The cash, depicted in video footage, is being counted to determine the exact amount in a money laundering case involving the arr...

Arun Ramchandra Pillai through plea stated that even after the lapse of more than 15 months, the investigation is still not concluded and now the prosecution under the garb of "expeditious trial" cannot be permitted to prejudice the present Petition...

On Wednesday, the CBI apprised the concerned court in Delhi that the BRS leader had already been examined on April 6 in Tihar Jail in connection with the case.

Legal battle ensues as BJP's Rajeev Chandrasekhar sends a notice to Congress's Shashi Tharoor, accusing him of spreading false information and demanding a public apology for defamatory statements made in a TV interview.

Legal experts have stated that while there's no constitutional or legal bar preventing Delhi Chief Minister Arvind Kejriwal from remaining in office while in judicial custody, it would be practically impossible to run the government from prison.

Arvind Kejriwal, Delhi CM, arrested for money laundering can legally continue in office. Experts discuss legalities, stating no automatic disqualification for arrest. Article 361 provides immunity only to President and Governor.

The Aam Aadmi Party (AAP) accuses the Enforcement Directorate (ED) of engaging in a "political conspiracy" with regard to the money laundering case against Satyendar Jain. Despite Jain's dismissal of regular bail by the Supreme Court, AAP maintains ...

After Delhi Chief Minister Arvind Kejriwal skipped the ED summons, Delhi Minister and Aam Aadmi Party leader Gopal Rai on Monday accused the Bharatiya Janata Party of pressuring the probe agencies to send summons to the AAP chief.

The summons was issued to Kejriwal on Saturday evening under Section 50 of the Prevention of Money Laundering Act (PMLA) as part of ED's ongoing probe into the illegal tendering in DJB and the laundering of alleged proceeds of crime. Meanwhile, BJP ...

The Ministry of Defence has lost a decade-long legal battle over the deficient supply of kidney beans or rajma to Kendriya Bhandar (KB). The Supreme Court upheld the arbitral award directing the Army Purchase Organisation to return the cashed bank g...

The Reserve Bank of India (RBI) has decided to withdraw Rs 2000 bank note from circulation. The announcement came on May 19, 2023. The central bank has said that the general public are encouraged to deposit or exchange the Rs 2000 bank note by Septe...

Amazon said the move aims to provide greater technology support to the seller community and further empower small businesses.