SUPREME COURT 

Supreme Court stays Meghalaya High Court’s order on border pact between Meghalaya and Assam (JAN 6, 2023)

SC stays Meghalaya High Court’s order which had put a stay on the MoU between Meghalaya and Assam to resolve the long-standing interstate boundary dispute between the States. Supreme Court issues notice to the concerned parties on the plea filed against the High Court order.  

The boundary dispute between Assam and Meghalaya has lingered for 50 years. However, efforts to resolve it have gained pace in recent times.  Meghalaya was carved out of Assam as a separate state in 1972, but the new state had challenged the Assam Reorganisation Act, 1971, leading to dispute in 12 border locations.

NEWS REPORT : Supreme Court stays Meghalaya High Court’s order on border pact between Meghalaya and Assam | Deccan Herald

MINISTRY OF COMMUNICATIONS 

Department of Telecommunications formulates the Indian Telegraph (Infrastructure Safety) Rules 2022 (JAN 6, 2023)

Accordingly, the need for rules/ regulation/ policy to address the issues of safety to the existing telecom infrastructure has arisen for which the Government has formulated the Indian Telegraph (Infrastructure Safety) Rules, 2022 published in the Gazette of India on 3rd January, 2023.

PRESS RELEASE : https://pib.gov.in/PressReleasePage.aspx?PRID=1889267

BUSINESS NEWS 

Walmart paid most of $1 billion tax for PhonePe shifting base to India (JAN 6, 2023)

Walmart Inc late confirmed that it had already paid the Indian government most of the nearly $1 billion in tax owed after digital payments company PhonePe, which the US retailer owns through Flipkart, shifted its headquarters from Singapore to India.

Walmart bought a controlling stake in Indian ecommerce giant Flipkart in 2018, giving it ownership of PhonePe. 

NEWS REPORT : phonepe: Walmart paid most of $1 billion tax for PhonePe shifting base to India (gadgetsnow.com)

US ranks as the 4th most stock-obsessed country worldwide (JAN 6, 2023)

The study, carried out by UK financial services provider CMC Markets, examined Google Trends data of search terms frequently used by people interested in stocks and trading.

With a total search score of 555 out of a possible 700, Singapore topped the list for its population having the highest search levels for the phrases ‘stocks’, ‘buy stocks’, and ‘interest rate’ worldwide. India is second on the list with a total search score of 492. Canada places as the third country most interested in stocks worldwide.

DETAILS : US ranks as the 4th most stock-obsessed country worldwide (msn.com)

NEWS AT GLANCE 

  • UGC unveils draft rules to regulate entry and operation of Foreign Universities in India.  
  • Union Minister Anurag Singh Thakur to launch logo, website and theme of Y20 Summit India in New Delhi this afternoon.  
  • RBI Governor Shaktikanta Das stresses need for cooperation among South Asian nations to deal with challenges of climate change.  
  • India to deploy platoon of women peacekeepers to UN Mission in Sudan. 
  • Government declares The Resistance Front, TRF as a terrorist organisation.

WORD OF THE DAY 

Iter arma leges silent - In war the laws are silent.

MARKET TODAY (as on 6.01.2023)

BSE SENSEX                  59,900.37 INR▼ -452.90 (-0.75%) 

NIFTY 50                         17,859.45 INR▼ -132.70 (-0.74%)

1 US Dollar = 82.54 Indian Rupee (Last updated · 6 January at 3:13 pm UTC)

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