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Supreme Court notice to Centre on plea challenging law allowing foreign funding

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Supreme Court notice to Centre on plea challenging law allowing foreign funding

The Supreme Court has sought a response from the Centre on a plea challenging changes in law – with retrospective effect – to allow political parties to receive foreign funding.

The petition filed by Association for Democratic Reforms (ADR) and others alleges that the amendments to the Foreign Contribution Regulation Act, 2010, through the Finance Act, 2016 and the Finance Act, 2018, have opened the doors to unlimited political donations from foreign firms.

A bench comprising Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud issued a notice to the Union Ministry of Home Affairs on the plea.

“The said amendments have been made in an attempt to overturn the judgment passed by the Delhi High Court (in a PIL filed by petitioners herein) holding the two major political parties (the BJP and the Congress) guilty of taking foreign funding, against which the special leave petitions were dismissed by this court,” the petitioners argued.

“The said amendments have opened doors to unlimited political donations from foreign companies and thereby legitimizing financial contributions received from foreign sources,” they alleged.

They said the way amendments were brought in also violates the doctrine of separation of powers: they were introduced through the new Finance Act, 2018, which was passed as a Money Bill, bypassing the Rajya Sabha. Petitioners said the amendment does not qualify as Money Bill.

They also said the amendments would lead to creation of shell companies and give rise to benami transactions. By extending the applicability of a retrospective amendment from 1976, the legislature has tried to breach the basic structure of Constitution, the petitioners said.

The government will now have to file a formal reply defending the amendments. The amendments were made after a Delhi High Court judgement, delivered on March 28, 2014, which had declared as illegal donations made by some NRI-led companies such as Vedanta to the BJP and Congress.

India News

Delhi High Court denies interim relief to Telegram in challenge against NEET-related ban

Telegram did not receive interim relief from the Delhi High Court in its challenge to the Centre’s temporary restriction imposed before the NEET-UG 2026 re-examination.

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Delhi High Court issues notice to the Centre but does not stay the temporary restriction imposed ahead of the NEET-UG 2026 re-examination.

Messaging platform Telegram has not received interim relief from the Delhi High Court in its challenge to the Centre’s temporary restriction on the app ahead of the NEET-UG 2026 re-examination.

The court issued notice to the Union government and agreed to hear the matter, but did not pass any immediate order suspending the restriction. The temporary curbs were imposed until June 22 as part of measures aimed at preventing exam-related fraud and the circulation of fake paper leak claims before the June 21 re-test.

Telegram has argued that the restriction affects millions of users and is disproportionate to the alleged misuse by a small number of individuals. The company has also questioned the legality and procedure followed while imposing the restriction.

During the proceedings, the Centre defended its decision, maintaining that the measure was necessary to protect the integrity of the high-stakes medical entrance examination. Government representatives argued that Telegram had been used to spread leaked exam material, misinformation and fraudulent claims linked to the examination process.

The court sought the Centre’s response and scheduled further consideration of the matter. Until a final decision is reached, the temporary restriction remains in effect.

The dispute comes amid heightened scrutiny of examination security following the cancellation of the original NEET-UG 2026 exam and the decision to conduct a re-examination for affected candidates.

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India News

IT stocks drag markets lower as Accenture outlook sparks selloff

A sharp selloff in IT stocks after Accenture’s weak outlook weighed on Indian markets, pushing Sensex and Nifty lower while major technology shares recorded significant losses.

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Indian equity benchmarks came under pressure on Friday as a sharp decline in information technology stocks erased a portion of the gains made during the recent market rally. Weak guidance from global technology services giant Accenture triggered concerns about demand trends in the IT sector, leading to broad-based selling across major Indian technology companies.

The benchmark Sensex and Nifty opened lower, while the Nifty IT index emerged as the worst-performing sectoral gauge of the day. Shares of major IT firms, including TCS, Infosys, Wipro and HCLTech, witnessed steep declines as investors reacted to concerns over slowing technology spending and limited visibility on future demand.

Accenture guidance rattles investor confidence

Market sentiment weakened after Accenture reported quarterly results and revised its revenue outlook, citing softer demand conditions. The development raised concerns about the broader global technology services industry, particularly for Indian IT companies that derive a significant portion of their revenue from overseas clients.

Analysts noted that Accenture’s cautious commentary added to existing worries about discretionary technology spending and delayed client decision-making. The company’s outlook is often viewed as an indicator of global demand trends for IT services.

Nifty IT sees sharp decline

The Nifty IT index dropped more than 5%, with all constituent stocks trading in negative territory. TCS, Infosys, Wipro and HCLTech were among the major laggards, falling between roughly 3% and 8% during trading.

The weakness in technology shares also weighed on broader market sentiment, ending the momentum seen in recent sessions. Investors turned cautious amid concerns about global growth, technology spending trends and earnings visibility for export-focused IT companies.

Broader market under pressure

Apart from the IT selloff, analysts pointed to profit-booking after the recent rally, weaker global cues and risk aversion among investors as additional factors behind the market decline. Mid-cap and small-cap indices also traded lower, reflecting broader weakness across sectors.

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India News

PM Modi extends birthday wishes to Rahul Gandhi, prays for his good health

PM Narendra Modi extended birthday greetings to Rahul Gandhi on his 56th birthday, wishing the Congress leader good health and a long life.

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Prime Minister Narendra Modi on Friday extended birthday greetings to Congress leader and Leader of the Opposition in the Lok Sabha, Rahul Gandhi, on the occasion of his 56th birthday.

In a post on X, PM Modi conveyed his wishes for Rahul Gandhi’s well-being and longevity. He described the Congress MP as the Leader of the Opposition in the Lok Sabha and prayed for his good health and a long life.

Rahul Gandhi, one of the senior-most leaders of the Congress party, celebrated his 56th birthday on June 19. He currently serves as the Leader of the Opposition in the Lok Sabha.

The Prime Minister’s message was noted as a gesture of courtesy between leaders from rival political parties, who frequently engage in sharp political debates on national issues.

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