Penalty News
CCI penalises 7 firms guilty of bid-rigging in Indian Railways tenders
The CCI cited regular e-mail communications between the parties and filing of bids from the same IP addresses by certain parties etc. as pieces of evidence.
1 min read9 Jun 2022Uttar Pradesh courts gave the most number of death sentences last year
13 out of 77 death sentences given last year came from UP, a new study finds. Most of those sentenced were accused in cases of sexual assault
2 min read21 Jan 2021SAT rules Sebi can enhance penalties imposed on India Ratings in IL&FS case
The tribunal was hearing a petition filed by India Ratings against a second show-cause notice issued by Sebi on 28 January seeking to raise penalties imposed on it in the IL&FS case SAT gave Sebi four weeks to reply to the petition filed by India Ratings, and the matter has been posted for 20 August
1 min read6 Jul 2020Death penalty not open-ended, its finality extremely important: SC
The bench's observations came on a case where a woman and her lover murdered a family of seven, including a 10-month-old baby, in Uttar Pradesh in 2008
3 min read23 Jan 2020States can’t roll back traffic penalties: Centre
The amended Motor Vehicles Act led to a multifold increase in fines for commonplace traffic violations States and Union territories cannot reduce fines below the minimum amount fixed by law without the President’s assent
2 min read7 Jan 2020Sitharaman to assess tax harassment charges, review CSR default penalty
The Companies (Amendment) Bill 2019 proposes that any unspent annual CSR funds should be transferred to a specified government fund within six months of the financial year To help small businesses, the government will expeditiously clear all their dues except in cases where there are disputes
1 min read9 Aug 2019RBI slaps penalties on 36 major banks for non-compliance in SWIFT operations
The banks include, Bank of Baroda, City Union Bank, HSBC, ICICI Bank, SBI and YES Bank The RBI had carried out an assessment of compliance with its directions on implementation and strengthening of SWIFT-related operational controls of 50 major banks
2 min read8 Mar 2019NGT asks Volkswagen to pay penalty of ₹100 crore in 24 hours
NGT to Volkswagen, Why have you not complied with our order when there is no stay. We will not give you any further time.
1 min read18 Jan 2019POCSO Act made stringent, death penalty for aggravated sexual assault on children
The Act defines child as any person below the age of 18 years. It is a gender-neutral legislation, it said
1 min read28 Dec 2018HUL considering legal options against GST penalty order
The national anti-profiteering authority had found Hindustan Unilever Ltd (HUL) guilty of not passing on GST rate cut benefits to consumers
2 min read26 Dec 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared