The Supreme Court has agreed to hear next week a plea to stop fresh sale of electoral bonds from April 1 till the top court decides on the validity of these bonds.
The court was hearing application by the Association for Democratic Reforms (ADR), which has requested the court to put a restraint on sale of these bonds ahead of the assembly elections in four states and a Union Territory.
The petitioner allege Electoral Bonds Scheme has opened the floodgates to unlimited corporate donations to political parties and anonymous financing by Indian as well as foreign companies which can have serious repercussions on the Indian democracy.
A global semiconductor shortage and a February winter storm have combined to force Ford to build F-150 pickup trucks without some computers.
The move is the latest ripple from the global semiconductor shortage, which earlier this week forced Honda and Toyota to announce production cuts at some North American factories.
Automakers have said they don’t expect the chip shortage to get any better before the third quarter of the year. Ford has said the shortage could cut its pre-tax earnings by $1 billion to $2.5 billion.
Rajya Sabha has passed the Insurance (Amendment) Bill, 2021 that seeks to raise the FDI in insurance sector to 74 per cent from the current 49 per cent.
Under the new structure, the majority of directors on the board and key management persons would have to be resident Indians, which will make them accountable under the Indian law.
On the criticism that the move might dilute reservation in state insurance players, the government said that it is committed to the protection of the Scheduled Castes, Scheduled Tribes and Backward Classes.