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Weaponising 'morality'

Business Standard

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August 28, 2025

The 130th Constitutional Amendment Bill inverts legal principles

The 130th Amendment Bill of the Constitution weakens the foundations of democracy in a governance architecture in a way that has come to enable governments at the Centre and in the states to capture institutions of law enforcement and investigation. It seeks to provide for the removal of the Prime Minister, a chief minister, or any other minister in the central or state government who is arrested and detained for 30 consecutive days. The apparent purpose of the Bill is to ensure morality in public life. Though this reasoning, reflected in the Bill's Statement of Objects and Reasons, may sound unexceptionable in theory, it inverts the legal principle of assuming someone innocent until the person is proven guilty. It is also a disingenuous explanation, given the well-established fact of low conviction rates — just 37 per cent for cases under the Prevention of Corruption Act — rendering the law moot in terms of achieving its stated purpose.

PLUS D'HISTOIRES DE Business Standard

Business Standard

PMO has nudged CIL to invest in critical mineral assets in Australia, says CMD

Coal India Ltd (CIL) is intensifying its diversification beyond coal, and is pushing ahead with plans to invest in overseas critical mineral assets, outgoing Chairman and Managing Director (CMD) PM Prasad said.

time to read

1 min

November 01, 2025

Business Standard

Swan eyes ₹875 cr in govt support for Pipavav Shipyard expansion

Swan Defence and Heavy Industries (SDHI), which owns India’s largest shipyard in Pipavav, Gujarat, is eyeing around ₹875 crore in government assistance for the yard’s expansion, according to a top executive.

time to read

1 mins

November 01, 2025

Business Standard

Mkts log best month since March

Nifty gained 4.5% in October, settling just 2.1% below its all-time high seen in September last year

time to read

1 mins

November 01, 2025

Business Standard

Ingka Investment launches its first RE project in India

Ingka Investment launches its first renewable energy project in the country — a 210 megawatt peak solar installation in Bikaner, Rajasthan.

time to read

1 min

November 01, 2025

Business Standard

Business Standard

RBI rejects seven-year bond bids as yields test 6.6%

The Reserve Bank of India (RBI) cancelled the auction for the seven-year government bond on Friday after market participants demanded a yield of around 6.6 per cent — a level the central bank was unwilling to accept, dealers said.

time to read

2 mins

November 01, 2025

Business Standard

Business Standard

‘I’d call India a rather boring mkt this year’

With Indian markets yet to hit new highs in 2025, Mark Matthews, managing director and head of research for Asia at Julius Baer, tells Puneet Wadhwa in a fireside chat that India remains the only essential emerging market (EM) for global portfolios. He believes India’s two big strengths are its demographics and jugaad — the “can-do” spirit. Edited excerpts:

time to read

3 mins

November 01, 2025

Business Standard

Vedanta net profit plunges 59% on exceptional losses

CORPORATE SCORECARD

time to read

2 mins

November 01, 2025

Business Standard

Orkla India booked 48.73x on final day

The initial public offering (IPO) of Orkla India got subscribed 48.73 times on the final day of bidding on Friday.

time to read

1 min

November 01, 2025

Business Standard

‘Digital drive, retail surge to power MFs’ next leg of growth’

Even after growing ata blistering pace over the past decade, India’s mutual fund (MF) industry believes it still hasa long runaway for long-term expansion.

time to read

4 mins

November 01, 2025

Business Standard

CBIC notifies rules for voluntary correction of Customs entries

The Central Board of Indirect Taxes and Customs (CBIC) has notified new rules allowing importers and exporters to voluntarily correct entries in bills of entry or shipping bills after goods are cleared.

time to read

1 min

November 01, 2025

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