Why this show-off about independence in appointment of CEC/ECs when it can be decided by govt? SC to Centre 'Presence of LoP in selection panel is ornamental, why Cabinet minister made part of panel' #govt #CEC #ECs #Cabinet_minister #show-off #independence
Allow leave for 3rd pregnancy: Madras HC to TN govt #govt #leave #Madras #pregnancy
Can't deny RTE admission due to dispute with govt: SC to schools #govt #deny_RTE #RTE_admission #admission_due #RTE
'Shouldn't be considered failure of govt ...' Rijiju on women's reservation bill not clearing LS The government faced a setback as the women's reservation bill failed to pass in the Lok Sabha, requiring a two-thirds majority. Union Minister Kiren Rijiju blamed the Congress and opposition parties, calling it an anti-women stance and a significant blow to the nation. The opposition, while supporting reservation, opposed its linkage with delimitation and census. #Lok_Sabha #Union_Minister #govt #Kiren_Rijiju #Minister_Kiren #Rijiju #women_reservation #reservation_bill #reservation #considered_failure
Why Govt Must Press Ahead With IDBI Divestment The fate of IDBI’s divestment remains uncertain as of March 2026, with bids from known bidders—Emirates NBD and Fairfax—falling below the government’s reserve price for a 60% stake sale. This has raised concerns that the current round may be canceled. However, the article argues that the government must persist with the divestment despite challenges. The NDA government has been working on IDBI’s disinvestment for over a decade, yet the process remains incomplete. Finance Minister Arun Jaitley first announced the plan in his 2016 budget speech, but as of 2026, progress has stalled. This contrasts sharply with the successful divestment of smaller banks like RBL and Yes Bank, which attracted foreign institutional investors just six months prior. Comparisons highlight IDBI’s potential. As of December 31, 2025, IDBI’s return on equity (ROE) stood at 14.5%, and its return on assets (ROA) was 1.83%, outperforming RBL and Yes Bank. RBL’s ROA was 0.53% and ROE 4.93% at the time of its stake sale, while Yes Bank’s ROA was 0.8% and ROE 5.4%. Despite these lower metrics, RBL and Yes Bank managed to secure significant investments—Rs 26,850 crore and Rs 15,880 crore, respectively. The government’s reserve price for IDBI likely reflects a valuation closer to 2 times book value, given the higher ROE and ROA. However, IDBI faces unique challenges. A buyer acquiring a 60% stake would only gain 26% voting rights, limiting control over key decisions. The remaining 40% would be held by the government and LIC, which could lead to conflicting priorities. Former Bank of Baroda Chairman S S Mundra noted that the government might prioritize fiscal considerations, while LIC seeks higher returns for investors, creating uncertainty for bidders.#govt #emirates_nbd #fairfax #idbi #arun_jaitley
Can’t cite funds crunch to stop DA payment: SC to West Bengal govt SC rejected Bengal govt’s defence it lacked funds and said it is not open for the State to shirk its responsibility of paying DA on account of financial difficulty, given that it is an obligation arising out of a statute of its own creation. SC said the least that is expected of a State in a democracy is that it honours its obligations and commitments arising from a legislation or judicial decisions, for such obligations are not discretionary. #West_Bengal #Bengal #govt #Bengal_govt #rejected_Bengal #financial_difficulty #n’t_cite #cite_funds #funds_crunch #lacked_funds
SC notice to govt on relaxation of NEET cut-off #NEET #NEET_cut-off #cut-off #notice #govt
