The union government today received a shot in the arm with the Supreme Court affirming the constitutional validity of the stringent provisions of the Prevention of Money Laundering Act (PMLA). The top court held that the power given to ED for making arrests, conducting search and seizures and attach proceeds of crime are constitutionally valid and do not suffer from the vice of arbitrariness. HT brings you a round-up of the most important and interesting stories, so you don’t miss your daily dose of news. |
THE BIG STORY ED has powers to seize, search, arrest: Top court The Supreme Court on Wednesday affirmed the sweeping powers given to the Enforcement Directorate (ED) under the 2002 Prevention of Money Laundering Act (PMLA) for summoning individuals, making arrests, conducting raids and attaching properties of the suspects, saying that law enforcement agencies must be armed with an effective mechanism to safeguard the nation’s wealth from dreaded criminals. Read more. |
STORIES YOU MAY HAVE MISSED |
The Big Question Why have SpiceJet's operations been cut to 50% capacity? India's aviation regulator Directorate General of Civil Aviation (DGCA) on Wednesday said it is restricting to half, SpiceJet’s summer schedule for eight weeks, on the basis of the findings of its “spot checks, inspections”, and the airline’s response to a notice from it. Read more. |
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 At the newly crowned world's best restaurant, Geranium in Copenhagen, you can order a swanky meat-free meal and catch a live football match. And it’s open only four days a week. In what kind of a building is it located? |
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From the Edit Page A road map to fight the inflation stress It is well recognised that India’s economy, like that of other developing nations, is precariously perched with a falling currency, rising inflation, fleeing foreign investors, weakening trade, and a deteriorating fiscal situation. But, unlike others, India has large foreign reserves, low foreign debt, and a stable political environment. Ideally, we should lower prices for people, steady the rupee, control the fiscal deficit and grow the economy. But that would be an impossible quartet and, in British politician Rishi Sunak’s words, “fantasy economics.” Read more. |
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From the Field Manhattan to Washington ‘Desi’? Indian twist in House fight Suraj Patel often thinks in Gujarati, and even does his math calculations in the language (“That’s how I learnt it!”). His maternal grandparents live in Bardoli in Gujarat. He eats Indian food five times a week. He visits India almost every year, has already taken his fiancé on a trip there, and plans to return to India to get married in December 2023. Patel went to the universities that would make parents, definitely Indian parents with their overwhelming focus on education, proud — Stanford, Cambridge, New York University (NYU). And combining a background in business (he has helped run his family business), law and academia (he teaches business ethics at NYU), he can come across as yet another successful Indian-American who has ticked the right professional boxes, remained culturally rooted, and made it in the land of opportunities. Read more. |
Infographic of the Day Google Street View arrives at last _1658944672992.jpg?1658944678329) (Click to expand) |
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Photo of the Day Museum of metals |
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HT This Day: July 28, 1979 Morarji resigns JLP leadership  (Click to expand) Disturbed by the recent developments which “brought us down to the lowest possible level of political conduct and behaviour” Mr Morarji Desai today stepped down from the leadership of the Janata Parliamentary Party. He announced his decision to retire from active political life, indicating he might resign from the membership of the Lok Sabha also. Read more. |
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