000-tobecategorised

'EVMs more robust than Hezbollah pagers': EC shoots down Cong claim' https://timesofindia.indiatimes.com/india/evms-more-robust-than-hezbollah-pagers-ec-shoots-down-cong-claim/articleshow/114262468.cms

WA by SS:  It's a constitutional body speaking or the IT Cell??? Mark the tone, tenor and the language.

It's quite another thing that Rashid Alvi's demand under the obtaining circumstances is stupendously stupid and utterly suicidal. The "Chandigarh Mayoral poll" is enough of an illustration. The EC must of course come clean on the complaints and the demands, as regards the Haryana state poll, of by far the largest opposition party in the state, and also the main opposition party nationally, within a reasonable timeframe.
If it doesn't, no stone should be left unturned to make it discharge its mandated task.

The Right to Live Under the Grip of UAPA  Eenadu 15.10-2024

Professor Saibaba, who languished in prison for ten years for a crime he did not commit, passed away last Saturday. With a 90% disability, he endured a hellish experience in a dark cell. He was not even allowed to see his mother one last time when she passed away. 

The Bombay High Court, which determined that there was no evidence to support the charges against Saibaba, overturned his life sentence last March, describing the criminal proceedings against him as a 'judicial failure.' 

Read more …

India rejects EU demand to audit Indian Financial Firms. RBI, SEBI reject EU's jurisdiction.  https://www.youtube.com/watch?v=uHoUK-poBws 11 oct 2024

https://www.thehindubusinessline.com/markets/indian-regulators-may-follow-2013-formula-to-deal-with-europe-regulator-on-clearing-corporations/article66104661.ece  Last week, ESMA de-recognised six Indian CCs due to “no co-operation arrangements” between ESMA and the Indian regulators and set April 2023 deadline for the European banks to stop doing business with them. But the view in India is that an agreement with the ESMA would give it the power to deeply supervise Indian CCs, which have a status of core (also sensitive) market infrastructure institutions. Nov 2022

India Will Not Let Europe Audit Domestic Financial Settlement Firms: https://www.ndtvprofit.com/business/indian-financial-regulators-not-to-give-in-to-europes-auditing-demands-report-3506303 Report  10 Nov 2022

Finance lobbies call on India and EU to cut a deal amid RBI-ESMA rift over clearing houses  https://economictimes.indiatimes.com/industry/banking/finance/banking/finance-lobbies-call-on-india-and-eu-to-cut-a-deal-amid-rbi-esma-rift-over-clearing-houses/articleshow/97786695.cms

https://www.naavi.org/wp/india-stands-up-against-eu-demand/  Four EU banks namely, Credit Agricole, Societe Generale, Deutsche Bank, and BNP Paribas have sought RBI and ESMA (European Securities and Market Authority) to resolve the differences. The point of controversy is that ESMA wants a right to audit CCIL (Clearing Corporation of India) in order to allow the EU Banks invest in Indian securities through CCIL.,,

According to the report in Business Standard the concerns revolve around client confidentiality, in the context of third-party clearing, especially for custodian banks tasked with holding securities on behalf of other financial entities.

Banks have now sought an extension of at least 6 months from their national regulators to provide extension of the current deadline.