Between January 2015 and June 2025, ED investigated 5892 cases under PMLA. Out of these, only 15 people were convicted as per the Ministry of Finance.
Today, On 12th February, The Central Government informed the Supreme Court that the Unified Pension Scheme for judicial officers has been officially notified. This scheme aims to ensure uniform pension benefits for retired judges across the country. The move comes after long-standing demands for better pension structures for the judiciary. The Supreme Court is expected to review the scheme’s implementation and its impact on retired judicial officers.
The Union Budget 2025 will be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman. If the Union Budget 2025 is not passed in the Lok Sabha, the government loses its majority support, leading to a financial and political crisis. Since the Budget is a money bill, failure to pass it means the government cannot withdraw funds, affecting essential expenses. To prevent a shutdown, a Vote-on-Account may be passed for temporary funding. However, if the deadlock continues, it can trigger a no-confidence motion, Prime Minister’s resignation, dissolution of Lok Sabha, and fresh elections, potentially causing the government to collapse.
A five-judge bench, led by Chief Justice DY Chandrachud, advised the Union Government to form a High-Powered Committee addressing the rights and needs of the queer community. The Finance Ministry lifted restrictions on joint bank accounts for LGBTQ individuals. The Supreme Court ruling led to the establishment of a committee to combat LGBTQ+ discrimination.
The Indian government approved printing Rs 10,000 crore worth of electoral bonds just before the Supreme Court scrapped the scheme as unconstitutional. The approval and subsequent printing, handled by the Security Printing and Minting Corporation of India, sparked discussions on the transparency of political financing. Following the ruling, the Finance Ministry directed the State Bank of India to cease printing remaining electoral bonds. The scheme’s anonymity has divided opinions on political donation transparency in India.
The BCCI has indeed sought the opinion of the Supreme Court on whether its sale or grant of media rights could be classified as taxable “franchise services” and thus subject to service tax. This move suggests that the BCCI is seeking legal clarity on the tax implications of its activities related to media rights. The […]