News Update

After US & UK India comes third in terms of 79 mn cyber attacks in 2023: StudyCore Sector loses steam in March; logs 5.2% growthTrump fined USD 9,000 for ignoring court’s gag orderNHPC to collaborate with Norwegian company for Floating Solar Energy TechnologyCT - Option of review cannot be utilised as a method of rehearing or appeal and there must be finality to a litigation: HCST - As agreement with foreign supplier was on C.I.F basis and it was foreign supplier who entered into an agreement with foreign shipping line for transportation of goods, hence appellant not being a service recipient was not liable to pay service tax on amount of ocean freight: CESTATOpenAI joins hands with FT to access content for training AI toolsCX - Entire chain, right from procurement of aluminium ingots from NALCO upto delivery of aluminium conductors, transaction was established and accepted by Settlement Commission, no scope for Adjudicating Authority to confirm demand of Cenvat credit: CESTATIndia’s oil import bill likely to come down to USD 100 bn in current fiscalCus - Warehousing - None of the provisions have been contravened or violated by appellants inasmuch as in respect of all B/Es, the activities were carried out with approval and necessary permission given by department as well as under supervision of Customs - goods not liable for confiscation/penalty: CESTAT7 Maoists including two women killed in police encounter in ChhattisgarhBaba Ramdev-promoted FMCG companies caught in a pickle over GST fraudsI-T- As per settled position in law, if let out property remains vacant during whole of relevant AY, then its ALV is to be taken as NIL: ITATUttarakhand Govt cancels manufacturing licence of 14 products of PatanjaliIMF okays USD 1.1 bn bail-out package for Pakistan3 police officers killed in shoot-out in CarolinaGaza protesters on Columbia Univ campus turn tin-eared to police warningsBus swings into gorge; 25 Peruvians killedI-T - Sale consideration received in cash in lieu of agreement of sale upon failure of deal, cannot be penalized u/s 271D: ITATBattle against cocaine cartel: 9 Colombian soldiers perish in copter crashI-T- Payment made by NSE to Core SGF is business expenditure allowed u/s 37(1): ITATICG, ATS Gujarat seize Indian fishing boat carrying 173 kg of narcotics9 killed as two vehicles ram into each other in Chhattisgarh
 
Revamp of BCCI - Apex Court accepts all recommendations of Lodha Panel; ask's Law Commission & Govt to examine issue of legalising betting & bringing Board under purview of RTI Act 

By TIOL News Service

NEW DELHI, JULY 18, 2016: WHILE accepting all the recommendations of the Lodha Committee on revamping of the Board of Control for Cricket in India (BCCI), the Apex Court Bench headed by the CJI Justice T S Thakur, noted that the committee's recommendation about the legalisation of betting may be examined by the Law Commission and the Government.

The Bench also asked the Law Commission to examine the demand for bringing BCCI under the purview of RTI Act. However, it noted that the BCCI discharges public functions and since those functions are in the nature of monopoly, the public at large has a right to know and demand information as to its activities when it deals with funds collected as a trustee of people of India.

On the question of inducting nominees from CAG and the Accountant General of the State in its Governing Body, the Bench observed that there is no merit in the BCCI's plea that the nomination of such officials may be found in bad taste by the ICC or interference by the Government. Such an induction of indepdent experts will rather be appreciated by the ICC which would appreciate transparency in the working and financial management of the Board, it added.

As regards the allotment of space to excessive commercial advertisements during telecast of matches, the Bench asked the BCCI and the Lodha Committee to look into the judicious quantum of advertisements which should not reduce the joy of watching uninterupted telecast of matches.

The Bench has proposed that all the recommendations should be implemented within a time span of 4-6 weeks with the Lodha Committee supervising them and also decided its own fee for the time spent for monitoring the implemention.

 

 


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.