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﹛﹛supreme courtsupreme courtThe bench was hearing a plea seeking directions to cancel the class 12 exams of the Central Board of Secondary Education (CBSE) and Council for the Indian School Certificate Examination (CISCE) amid the pandemic situation.

﹛﹛The Supreme Court will consider in July petitions filed by various banks including SBI and HDFC Bank seeking a direction to the Reserve Bank of India (RBI) to exempt information related to their customers, trade secrets, risk ratings, any unpublished price sensitive information from the Right to Information Act.

﹛﹛A Bench led by Justice L Nageswara Rao posted the matter for hearing in July first week.

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﹛﹛The Supreme Court had last month revived its 2015 judgment making it necessary for RBI to disclose financial information related to private and public banks under the RTI Act. It had dismissed a joint plea by the Central government and 10 banks seeking a recall of the judgment in Jayantilal N Mistry (2015) that mandated RBI to disclose inspection reports of banks as well as details of willful defaulters on the grounds that the central bank had no fiduciary relationship with the banks.

﹛﹛In another attempt to wriggle out of the transparency law, the banks in their separate petition said that they being privy to sensitive information like personal details of its account holders, prospective loans and other financial transactions are required to keep such info confidential and maintain privacy as directed by the SC in the Justice KS Puttasamy vs UoI (Aadhar judgment), which recognises the fact that right to privacy is a sacrosanct facet of fundamental rights.

﹛﹛Public disclosure of information pertaining to commercial confidence, business strategies, internal system, risk management, gas, etc would not serve any larger public interest, but would adversely affect the competitive position of banks in a highly competitive private banking sector in our country, they told the top court.

﹛﹛Besides, SBI, four private banks 每 HDFC Bank, Axis Bank, ICICI Bank and Yes Bank 每 in their joint petition said that RBI in its role as banker to the government and banking regulator receives and holds a lot of sensitive information, the disclosure of which may not be in the interest of the nation or serve public interest. RBI also sometimes is privy to personal information of customers and the disclsoure of which would not only compromise the privacy of the concerned individuals but may also in some extreme cases endanger their life/security.

﹛﹛HDFC further said that the apex court in earlier judgments had clearly held that even if public interest is considered while determining whether certain information has to be disclosed or not, such determination has to be on case to case basis, backed with reasons in writing.

﹛﹛Terming disclosure of inspection reports as invasion of privacy of banks, their customers and employees, the petition led by HDFC Bank further told the SC that the RTI Act does not apply to private entities like them as they are not public authorities under the Act and therefore, information pertaining to such banks/FIs and their customers and employees cannot be sought/provided under the RTI Act, let alone confidential/sensitive information of such banks/FIs.

﹛﹛While RBI is required to follow the provisions of the RTI Act with regard to third party information and is bound to seek ※submissions/representation§ from the banks, the banks may require the consent of the individual account holders before any such disclosure, the petition stated, adding that access to technical, personal and highly confidential information pertaining to banks and its customers would not only unfavourably impact and undermine investors* confidence in banks, but shall also have an impact on the economy at a macro level.

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﹛﹛RBIReserve Bank of IndiaSBIState Bank Of IndiaHomeINDUSTRYBanking FinanceBanks move Supreme Court against RTI disclosure seek direction to&nbspRBI

﹛﹛Global Precision Gearboxes Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, Market Sizing & Forecast

﹛﹛The report provides detailed competitive intelligence to make users aware of all the recent innovations and developments with respect to their competition. This Global Precision Gearboxes market report uncovers multiple growth opportunities that users can consider to capitalize on, along with insights on top industry trends to invest in. This section intends to facilitate the process of critical decision making for users.

﹛﹛This report examines all the key factors influencing growth of global Global Precision Gearboxes market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Global Precision Gearboxes market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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﹛﹛Market segment by players, this report covers

﹛﹛Apex Dynamics




﹛﹛Reliance Precision






﹛﹛Market segment by Type, covers


﹛﹛Worm drive


﹛﹛Market segment by Application, can be divided into

﹛﹛Power plant


﹛﹛Global Global Precision Gearboxes Market is further classified on the basis of region as follows:

﹛﹛North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

﹛﹛Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

﹛﹛Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

﹛﹛Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

﹛﹛Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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﹛﹛Some Point from Table of Content:

﹛﹛Global Global Precision Gearboxes Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2027

﹛﹛Chapter 1 Global Precision Gearboxes Market 每 Research Scope

﹛﹛Chapter 2 Global Precision Gearboxes Market 每 Research Methodology

﹛﹛Chapter 3 Global Precision Gearboxes Market Forces

﹛﹛Chapter 4 Global Precision Gearboxes Market 每 By Geography

﹛﹛Chapter 5 Global Precision Gearboxes Market 每 By Trade Statistics

﹛﹛Chapter 6 Global Precision Gearboxes Market 每 By Type

﹛﹛Chapter 7 Global Precision Gearboxes Market 每 By Application

﹛﹛Chapter 8 North America Global Precision Gearboxes Market

﹛﹛Chapter 9 Europe Global Precision Gearboxes Market Analysis

﹛﹛Chapter 10 Asia-Pacific Global Precision Gearboxes Market Analysis

﹛﹛Chapter 11 Middle East and Africa Global Precision Gearboxes Market Analysis

﹛﹛Chapter 12 South America Global Precision Gearboxes Market Analysis

﹛﹛Chapter 13 Company Profiles

﹛﹛Chapter 14 Market Forecast 每 By Regions

﹛﹛Chapter 15 Market Forecast 每 By Type and Applications

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﹛﹛Report includes Competitor’s Landscape:

﹛﹛? Major trends and growth projections by region and country

﹛﹛? Key winning strategies followed by the competitors

﹛﹛? Who are the key competitors in this industry?

﹛﹛? What shall be the potential of this industry over the forecast tenure?

﹛﹛? What are the factors propelling the demand for the Global Precision Gearboxes?

﹛﹛? What are the opportunities that shall aid in significant proliferation of the market growth?

﹛﹛? What are the regional and country wise regulations that shall either hamper or boost the demand for Global Precision Gearboxes?

﹛﹛? How has the covid-19 impacted the growth of the market?

﹛﹛? Has the supply chain disruption caused changes in the entire value chain?

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