Updates

Family trusts, often used to ring-fence wealth and enable smoother succession planning by ageing patriarchs of Indian households, will not have the freedom to add cousins, nephews, niece, or other `non-relatives’ as ‘beneficiaries’ in future. If a trust deed gives trustees the liberty to include such persons even years later, the trust could be taxed […]

According to report, India experienced significant growth in intellectual property filings, with patents filings doubling between 2018 and 2023. The World Intellectual Property Organization (WIPO) has published the World Intellectual Property Indicators (WIPI) 2024, underscoring global trends in intellectual property (IP) filings. The report reveals significant growth in patent, trademark, and industrial design applications across

The two World Bank economists who authored the study, published in the Lancet Planetary Health journal, said it was the first to assess the impact of lead exposure on heart disease deaths and child IQ loss in wealthy and developing nations.Lead author Bjorn Larsen told AFP that when the pair first saw the figure their

The Union Cabinet on Wednesday approved the PM-Vidyalaxmi scheme to provide monetary support to meritorious students so that financial constraints do not prevent them from pursuing quality higher education, Union Minister Ashwini Vaishnaw said. The Union Cabinet has approved the PM-Vidyalaxmi scheme for financial assistance to students applying for higher education. The scheme will get

Article 39(b): All Private Properties Cannot Form Part of the ‘Material Resources of the Community’, Supreme Court On November 05, 2024 (Yesterday), the Supreme Court (SC) of India delivered a long-awaited decision on the question ‘whether private resources fall within the definition of material resource of the community under Article 39(b) of the Constitution of

The proposed merger reduces the number of RRBs from 43 to 28 to make them more efficient. Consolidation is also derived from vision of One State-One RRB.   Consolidation of RRBsRRBs have been consolidated in a phased manner based on recommendations of Dr. Vyas Committee (2001).Consolidation began in 2004-05 which resulted in reduction of such institutions

The United States, Japan, and South Korea announced on 26 October 2024 that they will launch a new framework to collaborate with the Indian private sector to support digital infrastructure in India. The new framework is called the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework). The United States, Japan, and South Korea announced a new framework

The Department of Legal Affairs in the law ministry has invited comments on the draft Arbitration and Conciliation (Amendment) Bill, 2024, saying “the aim and purpose is to provide further boost to institutional arbitration, reduce court intervention in arbitrations and ensuring timely conclusion of arbitration proceedings”. The draft bill comes months after an expert committee

Union Finance Minister Nirmala Sitharaman highlighted the contributions of the Global South to the foundations of multilateral development banks at the 1944 Bretton Woods conference and emphasized on embedding diverse voices in decision-making to ensure a truly inclusive and global development framework. Finance Minister noted the pivotal contributions of the Global South to the foundations of Multilateral

The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday (October 14, 2024). The RBI Governor said that the use of artificial intelligence and machine learning in financial