Management Commentary: CA Institute invites stakeholders comments on IASB’s exposure draft

Proposed revision aims to better meet the information needs of investors and creditors

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Karnataka court issues summons to Yediyurappa in POCSO case

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Bengaluru : The First Fast Track court in Bengaluru on Friday issued summons to former Karnataka Chief Minister and BJP Central Parliamentary Committee member B.S. Yediyurappa in connection with a Protection of Children from Sexual Offences Act (POCSO) case, directing him to be present before it on March 15. The court has also issued summons to the other accused in the case, Y.M. Aruna and Rudresh Marulasiddaiah and asked them to be present before the court on the same day. The court passed the order after considering the charge sheet submitted by the police in the case. Yediyurappa had so far got immunity from the High Court earlier over the summons. Also Read Karnataka: Yediyurappa turns 83, vows to bring BJP back to power Yediyurappa celebrated his 83rd birthday on Thursday and declared that he would kick off a statewide tour to strengthen the BJP and bring it back to power in the state. On February 7, the Karnataka High Court refused to quash charges against him in the c...
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Bengaluru: Bus conductor fails to return Rs 1; court orders BMTC to pay Rs 3K as compensation

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The Bangalore Metropolitan Transport Corporation (BMTC) was recently ordered to pay a man Rs 2,000 in compensation after he was denied Rs 1 change for a bus ride by the Bengaluru Urban District Consumer Dispute Redressal Commission. According to several media reports, in 2019, a man named Ramesh Naik went on a BMTC bus from Shantinagar to Majestic bus depot, during which the conductor issued a ticket for Rs 29. The complainant paid Rs 30 and was not given the change. Keeping up the fight, Naik then complained about the conductor to BMTC’s high authorities. To his surprise, the authorities made fun of him and drove him away. Unhappy with this, he filed a complaint with the local consumer court, asking Rs 15,000 in compensation. The court has now ordered the Bangalore Metropolitan Transport Corporation (BMTC) to pay the guy Rs 2,000 in compensation. The court also ordered BMTC to pay Rs 1,000 towards the complainant’s legal expenses. “It is the customer’s right to receive the balan...
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Karnataka: BJP MLA used HIV positive women to honey trap rivals, probe launched

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In a shocking revelation, a 40-year-old woman has accused Bharatiya Janta Party (BJP) MLA Munirathna of raping her, claiming that the MLA used a honey-trapping scheme involving women infected with HIV to target his rivals. Police on September 18 registered a case against Munirathna for repeated rape, sexual harassment, and voyeurism following a complaint filed by the woman. In her complaint, she alleged that Munirathna sexually assaulted her in March 2020 and continued to rape her for the next two years. She further asserted that he used to threaten and force her into unlawful acts, including honey-trapping political rivals. According to her account, the victim said that the MLA during a conversation with her revealed that he used honeytraping tactics for one of his political rivals, who was infected with HIV. The MLA had asked her to help him lure another target using an HIV-infected person. However, the complainant refused. The police, who are investigating the rape charges, wil...
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