New Delhi: The Finance Bill 2022 from Finance Minister Nirmala Seetharaman has proposed to introduce a slew of new provisions in the Income-Tax Act, 1961 to provide for a framework for taxation of income on sale and purchase of Virtual Digital Assets. 

Mumbai : As per the press release from the Reserve Bank of India (RBI), it has imposed, by an order dated October 18, 2021, a monetary penalty of ₹1.95 crore (Rupees One Crore and Ninety-five Lakh only) on Standard Chartered Bank - India (the bank) for non-compliance with the directions issued by RBI on ‘Customer Protection – Limiting Liability of Customers in Unauthorized Electronic Banking Transactions’, ‘Cyber Security Framework in Banks’, ‘Credit Card Operations of banks’ read with ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’ and ‘Crea

Mumbai : As per the press release from the Reserve Bank of India (RBI), it has imposed, by an order dated July 28, 2021, a monetary penalty of ₹5.00 crore (Rupees Five crore only) on Axis Bank Limited (the bank) for contravention of / non-compliance with certain provisions of directions issued by RBI on ‘Strengthening the Controls of Payment Ecosystem between Sponsor Banks and SCBs/UCBs as a Corporate Customer’ dated May 9, 2019, ‘Cyber Security Framework in Banks’ dated June 2, 2016, ‘Reserve Bank of India (Financial Services provided by Banks) Directions, 2016’ dated May

New Delhi : Ministry of Home Affairs operationalized the National Cyber Crime Reporting Portal https://cybercrime.gov.in/ on 30th August 2019 to provide a centralized mechanism to the citizens for online reporting of all types of cyber crime incidents, with a special focus on cyber crimes against women and children. After incidents reported on this portal, their conversion into FIRs and subsequent action thereon are handled by the State/UT law enforcement agency concerned as per the provisions of the law.

New Delhi : The Vice President, Shri M. Venkaiah Naidu today said that inordinate delay, cost of legal processes and inaccessibility are impeding the effective delivery of justice to the common man. Referring to Gandhiji’s talisman, Shri Naidu said that the “the poorest man in want of justice” must be the prime motivator of legal practitioners in their thoughts and actions.