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IndiaTV Business: Google News Feed: Digest for March 18, 2023

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Several US cryptocurrency companies are seeking offshore bank accounts following the collapse of three digital assets-friendly financial institutions last week. Sygnum in Switzerland, Bank Frick in Lichtenstein, and SEBA in Switzerland have reported an increase in requests to open accounts from various jurisdictions, including the US Xapo Bank in Gibraltar has also seen an uptick in demand for new accounts and is adding GBP payment services with USDC options likely starting later this week.
Machine industry company Balu Forge has bagged an order for the export of powertrain sub-assemblies. The company in a regulatory filing said that it will supply over 10,000 powertrain sub-assemblies to a corporation manufacturing tractors based out of the middle east. This could further increase to 50,000 annually, it said.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
World Consumer Rights Day is celebrated every year on March 15 to increase awareness about the rights and responsibilities of consumers. This day highlights the importance of fair and ethical practices in all marketplaces and encourages businesses and governments of the world to protect and promote consumer rights. 
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
The Reserve Bank of India (RBI) has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees, according to a statement by the government to the Rajya Sabha on Tuesday. Union Minister of State for Finance Bhagwat Kishanrao Karad stated that the SVRAs could be set up by banks of partner countries by approaching Authorised Dealer (AD) banks in India that may get permission from the RBI after due procedure.
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 

USA's Silicon Valley Bank officially files for bankruptcy

Friday 17 March 2023 12:54 PM UTC+00
Silicon Valley Bank crisis: The parent of Silicon Valley Bank, seized last week by the US, is filing for Chapter 11 bankruptcy protection.
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Silicon Valley Bank crisis: The parent of Silicon Valley Bank, seized last week by the US, is filing for Chapter 11 bankruptcy protection.
RBI governor Shaktikanta Das while addressing the annual KP Hormis (Federal Bank Founder) Commemorative lecture in Kochi today, cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability. Furthermore, Das hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. He asserted that the domestic financial sector is stable and the worst of inflation is behind us.
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Silicon Valley Bank crisis: The parent of Silicon Valley Bank, seized last week by the US, is filing for Chapter 11 bankruptcy protection.
RBI governor Shaktikanta Das while addressing the annual KP Hormis (Federal Bank Founder) Commemorative lecture in Kochi today, cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability. Furthermore, Das hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. He asserted that the domestic financial sector is stable and the worst of inflation is behind us.
Foreign lawyers and law firms will now be able to practice in India in a restricted, regulated and controlled manner, and on the principle of reciprocity that will be mutually beneficial for lawyers from India, the Bar Council of India (BCI) said.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6.  The proceedings in Parliament were paralysed for the third consecutive day on Wednesday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Shares of steel pipes manufacturer Hi-Tech Pipes will turn ex-split on Friday, March 17. The company has announced to split its shares in the ratio of 10-for-1 (10:1), meaning each share having a face value of Rs 10 will be sub-divided into 10 shares. The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
7th Pay Commission: Puducherry's Home and Education Minister, A Namassivayam, has announced that teachers working in government-aided schools in the Union Territory will receive salaries in line with the Central Seventh Pay Commission's recommendation. This is good news for the teachers who have been demanding the same for a long time.
The Indian e-commerce ecosystem underwent significant changes in 2022. The e-commerce industry is rapidly expanding even as the 21st century shifts towards a digital society, pushed by consumers' increasing desire for convenience. Conventional brick-and-mortar business owners are quickly adapting, generating online shops for their product lines whilst still maintaining  physical store presence.
The Unique Identification Authority of India (UIDAI) has announced that it will now offer free online document updates for Aadhaar holders. The move is expected to benefit millions of residents and is part of the Digital India initiative. According to the UIDAI, the 'myAadhaar' portal will provide the free document update service for the next three months as a measure aimed at facilitating users in updating their details, showing a people-focused approach.
Three Adani group companies which had been placed under the short-term additional surveillance measure (ASM) will now be moved out of it, announced the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Adani Enterprises, Adani Power and Adani Wilmar stocks will be removed with effect from March 17, according to separate circulars available on the exchanges.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The proceedings in Parliament were paralysed for the fourth consecutive day on Thursday as the BJP stepped up its offensive against Congress leader Rahul Gandhi for his remarks in the UK, accusing him of insulting the country's constitutional institutions and reiterating its demand for an apology. Both Lok Sabha and Rajya Sabha were adjourned for the day amid a ruckus with BJP members raising slogans and seeking an apology from Gandhi, while the Congress-led opposition waved placards with quotes from speeches of Prime Minister Narendra Modi during his visits abroad. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. 
Silicon Valley Bank crisis: The parent of Silicon Valley Bank, seized last week by the US, is filing for Chapter 11 bankruptcy protection.
RBI governor Shaktikanta Das while addressing the annual KP Hormis (Federal Bank Founder) Commemorative lecture in Kochi today, cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability. Furthermore, Das hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. He asserted that the domestic financial sector is stable and the worst of inflation is behind us.
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