DAILY NEWS: OUR PICKS


IANS 21 February 2024
Finance Minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India’s macro financial stability and the preparedness to deal with them.   The FSDC also discussed plans to formulate a...

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Moneylife Digital Team 21 February 2024
While bank account takeover represents more than half of all fraud cases for customers in India, there is a concerning bump in mule accounts used in these frauds, according to a report.    BioCatch, a leader in digital fraud detection powered by behavioural biometric intelligence,...

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Moneylife Digital Team 21 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Kotak SEAF India Fund, Kotak Alternate Asset Managers Ltd and Kotak Mahindra Trusteeship Services Ltd (noticees) for violating Venture Capital Funds (VCF) Regulations in the case of India...

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Moneylife Digital Team 21 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System (NPS) Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on...

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Moneylife Digital Team 21 February 2024
While upholding orders passed by the Gautam Buddha Nagar district consumer disputes redressal forum and the Uttar Pradesh state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed IFFCO-Tokio General Insurance Company Ltd to pay...

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IANS 21 February 2024
Credit rating agency ICRA on Wednesday said India’s Gross Domestic Product (GDP) would grow at 6 per cent in Q3 FY2024 from 7.6 per cent in Q2 FY2024.   Further, the Gross Value Added (GVA) growth is estimated to ease to 6 per cent in Q3 FY2024 from 7.4 per cent in Q2 FY2024, driven...

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IANS 21 February 2024
RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of shooting past 100 per cent if historical shocks materialise and hence the country needs to go cut government expenditure.   In an article in the RBI bulletin, the...

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IANS 21 February 2024
Eminent constitutional jurist and senior advocate Fali S. Nariman passed away here on Wednesday. He was 95.   Nariman argued several landmark cases, including the famous NJAC verdict. He also appeared in the important SC AoR Association case (which led to the collegium system), TMA...

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IANS 21 February 2024
Ameen Sayani, the iconic radio personality, passed away at the age of 91 due to cardiac failure. He suffered a heart attack on Tuesday evening after which he rushed to HN Reliance Hospital in Mumbai.   He reportedly suffered a heart attack on Tuesday at 6:00 p.m. The doctors at the...

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The refusal to provide information is getting so brazen that information officers at the Unique Identification Authority of India (UIDAI) claimed that no reports were available even when UIDAI publishes reports under different heads. It also turns out that information, when provided, raises...

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Moneylife Digital Team 20 February 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Oriental Insurance Co Ltd to pay Rs2,73,000 with an interest of 9%pa (per annum) as cost for knee replacement treatment. NCDRC categorically stated that Oriental Insurance failed...

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IANS 20 February 2024
Setting aside the election of the BJP candidate as declared by the returning officer (RO), the Supreme Court (SC) on Tuesday declared AAP councillor Kuldeep Kumar as the mayor of Chandigarh municipal corporation during the hearing on the contentious Chandigarh mayoral election...

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IANS 20 February 2024
In total, 243 companies were listed on Indian bourses in the year ended 31 December 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data.   The aggregate transaction value of the IPOs in 2023, however, fell more than 9% to US$7.10bn...

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IANS 20 February 2024
A political slugfest has erupted in West Bengal over chief minister (CM) Mamata Banerjee’s allegation that the Union government is deliberately deactivating the Aaadhar cards of around 60 citizens of the state.   Referring to the complaints from 60 individuals from different parts of...

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Moneylife Digital Team 20 February 2024
The Insolvency and Bankruptcy Board of India (IBBI) has suspended for two years the registration of insolvency professional (IP) Sanjay Kumar Singh for contravening the applicable provisions of the Insolvency and Bankruptcy Code (IBC) and regulations on conducting an auction for the sale of...

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IANS 20 February 2024
The Maharashtra Legislative Assembly unanimously passed the Maratha Reservation Bill giving 10% quotas to the community in education and government jobs, here on Tuesday.   The Bill was introduced in the assembly at the special session of the legislature this afternoon and chief...

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Moneylife Digital Team 20 February 2024
Olectra Greentech Limited (Olectra), a subsidiary of Megha Engineering and Infrastructures Limited (MEIL), makes electric buses (e-buses) (92% of revenues) and composite polymer insulators (98%). Olectra has more than seven years of experience in manufacturing seven-metre, nine-metre and...

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IANS 20 February 2024
A forger here fell into the hands of a vigilant officer who detected a spelling mistake on the passport.   The accused was identified as Darshan Kaur (54), an Indian National, and a resident of Barnala in Punjab. She had arrived at the Delhi Airport by Batik Air flight from Malaysia...

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IANS 20 February 2024
China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis, a media report said.   The People’s Bank of China (PBoC) announced on Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2 per...

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The Indian economy is on a roll. Growing consistently post-pandemic, it drew the attention of the United Nations, World Bank, International Monetary Fund (IMF), global rating agencies, NITI Aayog and Reserve Bank of India (RBI) alike and they estimate that India would reach 6.5% growth by...

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