MINISTRY OF LAW AND JUSTICE

Appointment of election commissioner ( NOV 19, 2022)

In pursuance of clause (2) of article 324 of the Constitution, the President is pleased to appoint Shri Arun Goel, IAS, (Retd.) (PB: 1985) as the Election Commissioner with effect from the date he assumes office.

NOTIFICATION : 240442.pdf (egazette.nic.in)

DELHI HC

Delhi excise policy scam | Media broadcast should be in tune with CBI, ED press releases, says High Court (NOV 21, 2022)

The Court also pulled up the News Broadcasting & Digital Standards Authority (NBDA) after it submitted that it has no power to restrain news channels. “If self-regulation is a mere eyewash, why should we not disband you,” Justice Yashwant Varma said.

The News Broadcasters & Digital Association (NBDA) is an association of several leading news and current affairs broadcasters. NBDSA administers the standards voluntarily drawn by NBDA for its members.

NEWS REPORT: Delhi excise policy scam | Media broadcast should be in tune with CBI, ED press releases, says High Court - The Hindu

MINISTRY OF FINANCE

FM Nirmala Sitharaman Begins Pre-Budget Talks; Holds Consultation With Infra, Climate Experts (NOV 21, 2022)

According to the recent reports, the government is planning to change its capital gains tax structure in the Budget 2023-24 to bring parity in various asset classes, like equity, debt and immovable property, to tax them uniformly.

In India, taxes are currently imposed on investment gains based on a lock-in or holding period. Investments in equity or equity-linked mutual funds for more than one year are considered as long-term, and attract a 10 percent tax on gains of more than Rs 1 lakh. Investments in equity held up to one year are considered short-term and attract a 15 per cent tax.

NEWS REPORT : FM Nirmala Sitharaman Begins Pre-Budget Talks; Holds Consultation With Infra, Climate Experts (msn.com)

BANKING AND INSURANCE

SBI plan for senior citizens: Additional income through Reverse Mortgage Loan – key points to know (NOV 21, 2022)

Under SBI Reverse Mortgage Loan, the bank pays the borrower/borrowers (in case of a living spouse) against the mortgage of his/their residential property. The bank says that the borrower is not expected to service the loan during his lifetime. However, the borrower has the option to pay back the loan.  

SBI Reverse Mortgage Loan may be ideal for senior citizens who do not have sufficient income to support themselves as they do not have to service the loan.

DETAILS : SBI plan for senior citizens: Additional income through Reverse Mortgage Loan – key points to know (msn.com)

NEWS AT GLANCE

  • United Nations says the attack at Ukraine's Zaporizhzhia nuclear power plant is extremely disturbing and completely unacceptable.
  • India to take over the Chair of the Global Partnership on Artificial Intelligence from France. 
  • The Indian Panorama to begin today at the International Film Festival of India in Goa.

WORD OF THE DAY

Libel per se is a defamatory statement that is actionable in itself. To constitute libel per se, the words themselves must be damaging to the affected person.

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1 US Dollar = 81.72 Indian Rupee Last updated · 21 November at 1:43 pm UTC

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