Tag: Supreme Court

Reserve Bank of India Urges Supreme Court to Regulate Crypto

Source – cointelegraph.com India’s central bank, the Reserve Bank of India (RBI), has urged the country’s Supreme Court to regulate cryptocurrencies, local news outlet the Financial Express reports July 21. In April of this year, the RBI announced it will stop providing services to businesses or persons dealing with cryptocurrencies, citing high risks. The RBI’s senior advocate Shyam Divan told a bench led

Supreme Court Refuses To Stay Ban On Dealing With Virtual Currencies

Source – mondaq.com 1. INTRODUCTION In April this year, the Reserve Bank of India (the “RBI“) issued a notification prohibiting the use of virtual currencies, preventing entities regulated by the RBI from dealing with virtual currencies or providing services facilitating any person or entity to deal or settle virtual currencies (the “Notification“).1 Pursuant to the Notification,

Lynching due to rising ‘intolerance’: Supreme Court

Source – economictimes.indiatimes.com The Supreme Court on Tuesday blamed the frequent instances of lynching being reported from different parts of the country on the rising “intolerance and polarisation”, and urged the Parliament to enact a fresh law to instil fear of law among those who take matters into their own hands. The top court also directed

Supreme Court to hear case of SC/ST reservations in promotions on 3 August; no interim order against 2006 verdict

Source – firstpost.com The Supreme Court has scheduled the hearing of the case related to reservations in promotions for Scheduled Castes (SC) and Scheduled Tribes (ST) categories on 3 August, while refusing to pass an interim order against its 2006 verdict which dealt with application of the concept of  ‘creamy layer’ for reservations in government job