SUPREME COURT

Supreme Court dismisses petition seeking removal of GST, customs duty on medicines to cure spinal muscular atrophy (DEC 9, 2022)

The Supreme Court has dismissed a petition seeking removal of levy of goods and services tax (GST) and customs duty on medicines to cure spinal muscular atrophy (SMA), putting the onus on the health ministry to take a call on the matter.

Cure SMA Foundation of India, a parent-led organisation, had approached the court seeking exemption of GST and customs duty on treatment of patients suffering from the disease.

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BOMBAY HC

Bombay High Court allows felling of 22,000 mangrove trees for bullet train project ‘in public interest’ (DEC 9, 2022)

The Bombay High Court Friday allowed the plea of National High Speed Rail Corporation (NHSRCL) for the felling of 21,997 mangrove trees in Mumbai, Palghar and Thane to clear the route for the Mumbai-Ahmedabad bullet train project "in public interest" subject to various conditions.

The NHSRCL had assured the court it would plant five times the total mangrove trees that were earlier proposed to be felled and the number would not be reduced for the same. The NHSCRL submitted that it paid the mangrove cell for the planting of nearly 2.5 saplings as a compensatory measure.

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BUSINESS NEWS

Co-founder Ashneer Grover, his wife sued by fintech BharatPe for misappropriation of funds (DEC 9, 2022)

Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to 88.67 crore in damages for alleged cheating and embezzlement of funds. The suit, running into 2,800 pages, alleges that Grover, his wife Madhuri Jain and other family members created fake bills, enlisted fictitious vendors to provide services to the company, and overcharged the company for recruitment. 

The civil suit and criminal complaint came up before the Delhi High Court, which issued notices to the Grover family and asked them to respond within two weeks. The next hearing date has been set for January 9.

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NEWS AT GLANCE

  • India asks Pakistan to take immediate measures to bring the persecutors of minority groups to justice.
  • President Droupadi Murmu to address valedictory function of Common Foundation Course at Lal Bahadur Shastri National Academy of Administration, Mussoorie today.  
  • NIA arrests 2019 Tarntaran bomb blast mastermind Bikramjit Singh extradited from Vienna, Austria.

WORD OF THE DAY

Ex gratia - Out of kindness, voluntary.

MARKET TODAY (as on 9.12.2022)

BSE SENSEX              62,181.67 INR▼ -389.01 (-0.62%)

NIFTY 50                   18,496.60 INR▼ -112.75 (-0.61%)

1 US Dollar = 82.32 Indian Rupee (Last updated · 9 December at 1:14 pm UTC)   

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