SC flags regulatory failure in power sector; Directs States to clear DISCOMs dues within 4 years
“Regulatory failure’ occurs due to ineffective functioning of the Regulatory Commissions, excessive governmental interference, or ‘regulatory capture’.”
State Governments
Inside Supreme Court verdict on legality of State Governments levying and collecting Authorization Fee/Border Tax
Supreme Court said the petitioners must consider challenging the State provision in the Act and that they should have first approached their jurisdictional High Courts to challenge their respective State enactments.
Andhra Pradesh High Court grants relief to Margadarsi Chit Fund; restricts State from taking coercive action
The Court was of the view that “Insofar as balance of convenience and irreparable loss are concerned, the petitioner is not a defaulter as of now and there is no complaint by any subscriber to that effect. Even the authorities did not complain receiving of any complaint qua default in payment prized money or any irregularity.”
RBI permits greater space to State Governments/ UTs for availing overdraft facilities
In order to provide greater flexibility to the State Governments to tide over their cashflow mismatches, RBI, on a review, has decided
State Governments do not have the power to reduce penalties under Motor Vehicles (Amendment) Act, 2019
As reported by the media reports, Centre by an Advisory has asked the State Governments to not lower the penalties as prescribed