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The <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords">Supreme Court</keyword> on Monday issued notice to concerned respondents on the <keyword id="20054502" type="General" weightage="20" keywordseo="West-Bengal-government" source="keywords">West Bengal government</keyword> plea challenging the <keyword id="19895346" type="General" weightage="20" keywordseo="Calcutta-High-Court" source="keywords">Calcutta High Court</keyword> decision cancelling all Other Backward Caste certificates issued in <keyword id="19896517" type="General" weightage="20" keywordseo="west-bengal" source="keywords">West Bengal</keyword> after 2010. A bench of Chief Justice of India DY Chandrachud with justices JB Pardiwala and Manoj Misra also asked the West Bengal government to file an affidavit explaining the process to determine 77 communities as OBCs. The top court, however, did not stay the Calcutta High Court order but issued notice on West Bengal's application seeking a stay on the order. In the meantime, the top court also asked the government to file an affidavit explaining the process followed for the determination of 77 communities as OBCs. The court sought to know the nature of the survey and the study relied upon the classification of 77 communities as OBCs. The court also sought to know details of the consultation the state government had with the WB Backward Commission prior to including the 77 communities in the OBC list. The court has asked the WB government to file the affidavit within one week. The top court was hearing West Bengal Government challenging Calcutta High Court order. Calcutta HC on May 22 cancelled all <keyword id="20636195" type="General" weightage="100" keywordseo="OBC-certificates" source="keywords">OBC certificates</keyword> issued in West Bengal after 2010 had directed the West Bengal <keyword id="20779164" type="General" weightage="20" keywordseo="Backward-Classes-Commission" source="keywords">Backward Classes Commission</keyword> to prepare a new list of OBCs in accordance with the 1993 Act. Those who were in the OBC list before 2010 will remain. However, after 2010, OBC nominations have been cancelled. About 5 lakh OBC certificates are set to be cancelled. After 2010, those who have jobs under the OBC quota or are in the process of getting them cannot be excluded from the quota. There will be no impact on their job and they cannot be excluded from the quota.

SC issues notice on plea challenging Calcutta HC decision cancelling all OBC certificates issued in West Bengal after 2010

New Delhi, The <keyword id="19895345" type="General" weightage="20" keywordseo="supreme-court" source="keywords">Supreme Court</keyword> on Thursday struck down the electoral bond scheme, saying it violates the right to information and the freedom of speech and expression under the Constitution. In a landmark judgement that will have wide ramifications, it ordered the <keyword id="19934368" type="General" weightage="20" keywordseo="state-bank-of-india" source="keywords">State Bank of India</keyword> to disclose to the <keyword id="19895782" type="General" weightage="20" keywordseo="election-commission" source="keywords">Election Commission</keyword> the names of the contributors to the six-year-old scheme. A five-judge Constitution bench headed by Chief Justice <keyword id="19936357" type="General" weightage="20" keywordseo="d-y-chandrachud" source="keywords">D Y Chandrachud</keyword> delivered two separate and unanimous verdicts on the pleas challenging the scheme, delivering a major blow to the central government. Pronouncing the verdict, the CJI said the scheme is violative of freedom of speech and expression under Article 19(1)(a) of Constitution. The bench said the fundamental right to privacy also includes citizens' right to political privacy and affiliation. It also held as invalid the amendments made in various laws, including the <keyword id="20592932" type="General" weightage="20" keywordseo="representation-of-peoples-act" source="keywords">Representation of Peoples Act</keyword> and the Income Tax laws. It directed that the issuing bank shall stop issuance of electoral bonds and the State Bank of India shall submit details of electoral bonds purchased since April 12, 2019 till date to the Election Commission. The top court had on November 2 last year reserved its verdict in the matter. The scheme, which was notified by the government on January 2, 2018, was pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. According to the provisions of the scheme, electoral bonds may be purchased by any citizen of India or entity incorporated or established in the country. An individual can buy electoral bonds, either singly or jointly with other individuals without disclosing the identity. Critics have said this eliminates transparency in electoral funding and gives an edge to the ruling parties.

SC strikes down electoral bond scheme, terms it unconstitutional

Billionaire Mukesh <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword>'s <keyword id="6355199" type="General" weightage="20" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> Ltd will commission a new energy <keyword id="20278828" type="General" weightage="20" keywordseo="giga-complex" source="Orion">giga complex</keyword> in <keyword id="6354766" type="General" weightage="20" keywordseo="gujarat" source="Orion">Gujarat</keyword> in the second half of 2024, the company said in an earnings statement and investor call. <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> is building a giga complex spread over 5,000 acres in <keyword id="6361405" type="General" weightage="20" keywordseo="jamnagar" source="Orion">Jamnagar</keyword> in Gujarat. The complex comprises five giga factories for photovoltaic panels, fuel cell system, green hydrogen, energy storage and power electronics. "On track to commence new energy facilities in phases this year," the company said in a post-third-quarter earnings call with investors. Post announcement of third-quarter earnings on Friday, Ambani stated that the "New Energy Giga Complex is all set to be commissioned in the second half of CY24. I am confident that Reliance's New <keyword id="679565" type="General" weightage="20" keywordseo="energy-business" source="Orion">Energy business</keyword> will play a pivotal role in the global movement for adoption of cleaner fuels." The Dhirubhai Ambani Green Energy Giga Complex will be among the largest integrated renewable energy manufacturing facilities in the world. Reliance has signed an MoU with the Gujarat government to set up 100 gigawatt renewable power at Rs 5 lakh crore capex. It has received in-principle approval for 74,750 hectares (ha.) of land parcels in Kutch for green hydrogen. The firm has strategically invested in ten global technology innovators with strong expertise across the new energy value chain. "Reliance is nearing the commissioning of the first tranche of 5GW module manufacturing capacity in mid-CY24," Nuvama said in a January 17 note. It has via REC Solar signed a supply agreement with China-based Suzhou Maxwell Technologies to buy a high efficiency production line for HJT cells (4.8GW capacity). It signed a 5.2GW HJT module automation production agreement with China-based SC Solar in January 2023. It won PLIs under both rounds of solar modules PLI (Round 1: USD 0.3 billion, 4GW; Round 2: USD 0.4 billion, 6GW). Reliance (apart from Greenko) is the only company to win incentives for both green hydrogen and electrolysers concluded recently. It won incentives of USD 0.3 per kg for electrolyser capacity of 300MW and USD 0.23 for green hydrogen capacity of 90,000 tonnes. Besides, it has won PLI under ACC battery storage for 5GW capacity. "These incentives are likely to assist Reliance achieve a green hydrogen cost of USD 1' 1.5 per kg," Nuvama said. Given <keyword id="20002939" type="General" weightage="20" keywordseo="ril" source="keywords">RIL</keyword> is the largest producer and consumer of grey hydrogen, transition to green hydrogen shall enable it to improve margins ahead, it said. The current green hydrogen cost hovers USD 3 per kg, which remains 1.5x compared to grey hydrogen produced using natural gas due to the high cost of generating solar/wind energy as well as high electrolyser cost. Presently, a hybrid of solar and wind remains the cheapest source of generating green hydrogen. The cost for solar remains the highest due to low PLF of electrolysers at 30' 35 per cent versus wind at 65' 70 per cent, and for hybrid 70' 75 per cent.

Reliance to commission new energy giga complex this year

New Delhi, A petition has been filed in the <keyword id="19895345" type="General" weightage="20" keywordseo="supreme-court" source="keywords">Supreme Court</keyword> seeking contempt action against the <keyword id="19934368" type="General" weightage="20" keywordseo="state-bank-of-india" source="keywords">State Bank of India</keyword> (SBI) alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of contributions made to political parties through electoral bonds to the Election Commission by March 6. The plea, filed by two NGOs, claimed SBI's application seeking extension of time till June 30 to disclose the details of electoral bonds encashed by political parties has been deliberately filed at the last moment to ensure that details of donor and the amount of donations are not disclosed to the public before the upcoming <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> elections. A bench headed by Chief Justice <keyword id="19936357" type="General" weightage="20" keywordseo="d-y-chandrachud" source="keywords">D Y Chandrachud</keyword> on Thursday took note of the submissions by advocate <keyword id="20027334" type="General" weightage="20" keywordseo="prashant-bhushan" source="keywords">Prashant Bhushan</keyword>, who appeared on behalf of NGOs Association for Democratic Reforms and Common Cause, that he wanted initiation of contempt proceedings against the SBI. Bhushan said the SBI's application is likely to be listed on March 11 and the contempt application should also be heard together with it. "Please send an e-mail. I will pass the order," the CJI said. The SBI moved the top court on March 4 seeking extension of time till June 30 to disclose the details of the electoral bonds that were encashed. In a landmark verdict on February 15, a five-judge constitution bench of the apex court had scrapped the Centre's electoral bonds scheme of anonymous political funding, calling it "unconstitutional" and ordering disclosure by the Election Commission of the donors, the amount donated by them and the recipients by March 13. Ordering closure of the scheme forthwith, the top court had directed the SBI, the authorised financial institution under the scheme, to submit by March 6 the details of the electoral bonds purchased since April 12, 2019 till date to Election Commission (EC), which will publish the information on its official website by March 13. In the contempt plea, the NGOs have said that two days before the expiry of the stated deadline, the SBI has filed an application seeking time till June 30 to comply with the directions. "It is submitted that the said application is mala fide and demonstrates a wilful and deliberate disobedience &amp; defiance of the judgement passed by the constitution bench of this court. It is further a clear attempt to undermine the authority of this court," it said. "The petitioner herein is filing the instant petition seeking initiation of contempt proceedings against State Bank of India for wilfully and deliberately disobeying the order dated February 15 passed by this court... wherein this court directed SBI to submit details of contribution made to the political parties through electoral bonds to the Election Commission of India by March 6," it said. It said the affidavit supporting the SBI's application has neither been sworn by the chairman or the managing director of the bank. It said SBI has the record of the unique number allotted to each electoral bond and the know your customer (KYC) details of its purchaser. "The requirement of the KYC is mentioned in section 4 of the EB scheme itself, therefore, the SBI is well aware of the identity of purchasers of each electoral bond," the plea said. It said as per clause 7 of the electoral bond scheme, information furnished by the buyer can be disclosed when demanded by a competent court. "As per clause 12 (4) of the scheme, electoral bonds have to be encashed within fifteen days failing which the amount of bonds not encashed are to be deposited by the bank to the PM relief Fund. Thus, it is inconceivable that SBI does not have the recorded information readily available within its data base," it said. The plea said electoral bonds are "completely traceable" which is evident from the fact that SBI maintains a secret number-based record of donors who buy bonds, and the political parties they donate to. It said as per information received through RTI, in 30 phases of electoral bonds sale, only 19 out of 29 SBI authorised branches sold electoral bonds and 14 SBI branches encashed them. "The data available as on January 2024 further shows that only 25 political parties had opened their account and are eligible for encashing electoral bonds. Therefore, compiling of this information should not be difficult as the system is already in place," it said. "It is mandatory that SBI furnishes all information relating to electoral bonds within stipulated time frame given by this court as voters will not be able to exercise their informed opinion properly during Lok Sabha 2024 if complete information about EBs is not shared with them," it said. The plea said any form of anonymity in the finances of political parties goes against the essence of participatory democracy and people's right to know enshrined under Article 19(1)(a) of the Constitution. It said availability of information about electoral bonds will give voters a chance to truly inspect, express and decide their choices. "This defiant approach of the SBI towards citizen's 'right to know' about huge sums of money received by parties through electoral bonds and corporates in a non-transparent and unaccountable manner is reprehensible and betrays its clear motive to stifle citizen's voice and right to audit actions of the political class, and therefore it should be held as serious breach of contempt by this court," it alleged.

Electoral bonds: Plea seeks contempt action against SBI for disobeying SC's order

Around two lakh students from the Scheduled Caste category dropped out of college due to non-payment of dues under a scholarship scheme worth around Rs 2,000 crore by the <keyword id="6354953" type="General" weightage="100" keywordseo="punjab" source="Orion">Punjab</keyword> government, the <keyword id="516560" type="General" weightage="50" keywordseo="national-commission-for-scheduled-caste" source="Orion">National Commission for Scheduled Caste</keyword> said on Wednesday. Punjab Chief Minister Bhagwant <keyword id="19116" type="General" weightage="80" keywordseo="mann" source="Orion">Mann</keyword> last week ordered a comprehensive probe into alleged irregularities in the post-matric scholarship scheme that had surfaced during the previous <keyword id="1575" type="General" weightage="50" keywordseo="congress" source="Orion">Congress</keyword> regime in the state. NCSC chairperson Vijay <keyword id="6391235" type="General" weightage="80" keywordseo="sampla" source="Orion">Sampla</keyword> told reporters that the Commission has sought an explanation from the state government on why the money has not been paid to colleges despite the payment of dues by the Centre. "We have taken suo motu cognisance in the matter. There have been many complaints from <keyword id="104433" type="General" weightage="20" keywordseo="SC-students" source="Orion">SC students</keyword> that they are not being allowed in colleges as the government has not paid their fees. "There were around three lakh SC students who benefited from the scheme in 2017 and the number dropped to 1-1.25 lakh in 2020. When we asked the state government, they said these children dropped out," he said. Sampla said that a meeting was held on Monday between <keyword id="112438" type="General" weightage="50" keywordseo="social-justice" source="Orion">Social Justice</keyword> and Empowerment ministry and Punjab government to discuss the matter. "In the meeting, it came to light that no dues from the Centre are there while the state government has to pay dues worth Rs 2000 crore to pay to these colleges. Where has the money gone that is due," he said. Sampla said that the Punjab government has been asked to give an explanation by next Wednesday. Mann had taken to Twitter to announce the decision for a probe into the matter. I have received files pertaining to the release of scholarship amount during the previous government. Irregularities have been found in releasing funds to private institutions orders have been issued for a probe, the chief minister tweeted while promising to act against those who put the future of Scheduled Caste students at stake. Account of every single penny will be taken, said Mann. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/how-to-transfer-money-from-paytm-wallet-to-a-bank-account-for-free/articleshow/93001217.cms">Looking to transfer money from Paytm wallet to a bank account? Here’s how to do it in five easy steps</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/i-t-officials-raid-40-locations-linked-to-madhusudan-ghee-in-mumbai/articleshow/93002254.cms">I-T officials raid 40 locations linked to Madhusudan Ghee in Mumbai</a>

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SC issues notice on plea challenging Calcutta HC decision cancelling all OBC certificates issued in West Bengal after 2010

ANI

SC strikes down electoral bond scheme, terms it unconstitutional

PTI

Reliance to commission new energy giga complex this year

PTI

Electoral bonds: Plea seeks contempt action against SBI for disobeying SC's order

PTI

2 lakh college students in Punjab drop out due to non-payment of scholarships, says constitutional body

PTI

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