Top news of the day: RBI to withdraw ₹2000 notes from circulation; Supreme Court-appointed expert panel says SEBI probe into Adani row drew a blank, and more
The Hindu
Top news updates from The Hindu on May 19, 2023
RBI decides to withdraw ₹2,000 note from circulation
The RBI, on May 19, decided to withdraw ₹2,000 note from circulation, however, the banknotes will continue to be a legal tender. The RBI added that members of the public may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch. Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions. Exchange facility for the ₹2,000 notes up to ₹20,000 at a time would be available from May 23, 2023, and will continue till September 30, the central bank said. The RBI has advised banks to stop issuing ₹2000 denomination banknotes with immediate effect.
SEBI probe into Adani drew a blank: Supreme Court-appointed panel
A six-member expert committee — constituted by the Supreme Court in the Hindenburg-Adani allegations case and headed by former Supreme Court judge, Justice A.M. Sapre — said that the Securities Exchange Board of India (SEBI) has “drawn a blank” and is in a “chicken-and-egg situation” in its investigation into the “ownership” of 13 overseas entities, including 12 Foreign Portfolio Investors (FPIs). The 173-page report said, “SEBI has found 42 contributories to the assets under management of the 13 overseas entities. Various avenues have been pursued - including ED, CBDT and various market regulators in the seven jurisdictions where the contributories are situated. SEBI has drawn a blank”.
Supreme Court defers scientific survey to determine age of ‘shivling’ found at Gyanvapi mosque
The Supreme Court on May 19 deferred the implementation of a direction given by the Allahabad High Court on May 12 to conduct carbon dating and scientific survey of the “shivling” allegedly found in the Gyanvapi mosque premises in Varanasi. A three-judge Bench headed by Chief Justice of India DY Chandrachud said the “implications of the May 12 order would require closer scrutiny”. The carbon dating and scientific survey of the disputed structure was supposed to be held on May 22. The apex court ordered the exercise to be put on hold till the next date of hearing before it.
Siddaramaiah, Shivakumar in Delhi to discuss Karnataka Cabinet formation, allocation of portfolios
Lok Sabha Speaker Om Birla emphasizes the importance of Question Hour over meetings and urges decorum during obituary references.
Karnataka approves 300-bed Puttur Government Medical College Hospital project, enhancing healthcare in the coastal region.
Explore the court challenge to MGR's Andipatti election, focusing on the legality of his oath-taking process.
Forest, Ecology and Environment Minister Eshwar Khandre on Wednesday instructed forest department officials to ensure maintenance of elephant trenches and hanging solar fences, which have been installed in Kodagu district to control human-elephant conflict.
Humayun Kabir's Aam Janata Unnayan Party will contest 182 seats, challenging Mamata Banerjee in Bhabanipur with a Muslim candidate.
Justice Swaminathan adjourns contempt hearing until April 9, expressing frustration over manipulation in the Thirupparankundram case.
Hyderabad's LGBTQIA+ community protests against the Transgender Persons Amendment Bill, advocating for trans rights and human dignity.
Sharmila criticizes Avinash Reddy's remarks on Viveka’s murder, calling Jagan a disgrace and questioning his leadership and support.
All the three major political fronts appear to be drowned in indecision when it comes to officially declaring their candidates for the prestigious Thiruvananthapuram Assembly constituency.
BJP protests for MCC council elections, claiming mismanagement and corruption, threatens to escalate protests if demands are unmet.
Hyderabad Collector assures no LPG shortage, urges residents to avoid panic booking and trust available supplies.
Telangana to soon set up nodal agency for flood plain zoning: Irrigation Minister
Patronage on Chennai's MRTS doubles post-extension to St. Thomas Mount, despite complaints about missing amenities at Puzhithivakkam station.