DAILY NEWS: OUR PICKS


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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Moneylife Digital Team 19 February 2024
The Central Board of Direct Taxes (CBDT), in an order last week, has asked the directorate of income-tax (DIT) (systems) and central processing centre (CPC) to implement, preferably within two months, remission and extinguishment of 'small demands' outstanding as of 31 January 2024. The order...

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KBS Sidhu 19 February 2024
The Core Argument: IAS as Indian Customer Service In September 2018, as a serving Indian Administrative Service (IAS) officer, I had penned an article captioned “IAS has now become the Indian Customer Service” that had been published in a reputed national e-Portal. The thrust of the...

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Moneylife Digital Team 19 February 2024
Upholding orders passed by fora below and holding the State Bank of India (SBI) responsible for deficiency in service twice, the national consumer disputes redressal commission (NCDRC) directed SBI to pay Rs3.60 lakh fraudulently withdrawn from a pensioner-customer's account using cloned ATM...

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Moneylife Digital Team 19 February 2024
While grilling Anil Masih, the returning officer (RO) for the Chandigarh municipal polls for making marks on the ballot papers, the Supreme Court (SC) warned he could be prosecuted if he made any attempts to lie to the SC.    A bench of chief justice of India (CJI) DY Chandrachud,...

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Moneylife Digital Team 19 February 2024
As many as over 2.08mn (million) investors of PACL Ltd, with a claim of up to Rs19,000, have been paid over Rs1,021 crore, says market regulator Securities and Exchange Board of India (SEBI).   The justice RM Lodha committee is supervising the Supreme Court (SC)-ordered process of...

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Moneylife Digital Team 19 February 2024
Terming the arrest of ICICI Bank's former managing director and chief executive officer (MD&CEO) Chandar Kochhar and her husband Deepak Kochhar as an 'abuse of power' by the central bureau of investigation (CBI), the Bombay High Court (HC) says the arrest was 'without application of mind and...

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IANS 19 February 2024
The Bureau of Civil Aviation Security (BCAS) has directed seven airlines to ensure that delivery of last baggage is made within 30 minutes as per the Service Quality Requirements of Operation, Management and Delivery Agreement (OMDA).   The BCAS has directed the airlines to implement...

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IANS 19 February 2024
Tech giant Apple grossed a whopping $1.65 trillion from iPhone sales in the past decade, a new report has revealed.   Last year, the tech giant shipped 235 million iPhones worldwide, while 35 per cent of all users owned the device, helping the company’s cumulative sales revenue hit...

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IANS 19 February 2024
The Misinformation Combat Alliance (MCA) on Monday said that it has collaborated with Meta (formerly Facebook) to launch a dedicated fact-checking helpline on WhatsApp in India in an effort to combat media generated using artificial intelligence (AI).   The helpline will be available...

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Late last week, the National Democratic Alliance (NDA) finally came up with a White Paper on the Indian economy. It was not about the current economic situation or a road map for the next five years but a frontal attack on the United Progressive Alliance (UPA) regime which was in power from...

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Finance minister Nirmala Sitharaman’s ‘White Paper on the Indian Economy’ has presented a detailed analysis of the ‘policy paralysis’ and governance issues of the 2004-2014 period. The Paper also lists 15 major scams which played a key role in turning public opinion against the UPA (United...

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Sher Singh Yadav  and   Pratibha Kamath 16 February 2024
In the past five weeks, we have covered the top-300 stocks of our top-500 Wealth Creator stocks list. The previous reports focused on detailing the major policy changes influencing equity markets, deriving the top-500 wealth creators according to our unique methodology. We also discussed...

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Moneylife Digital Team 16 February 2024
In a significant order, the Supreme Court on Thursday, while striking down the electoral bonds (EBs) scheme as unconstitutional, directed State Bank of India (SBI), the issuer bank, to stop issuing EBs. The apex court also directed SBI to submit details of electoral bonds purchased from 12...

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The deadline of the first week of February 2024 for filling the vacancies of four state information commissioners (SIC) in Maharashtra as directed by the Bombay High Court has been flouted with none of these appointments having realised; propelling a group of RTI activists, who had filed a...

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Moneylife Digital Team 16 February 2024
The Reserve Bank of India (RBI) has extended the deadline to 15 March 2024, after which Paytm Payments Bank Ltd is barred from accepting deposits. The last date fixed earlier was 29 February 2024. RBI also released FAQs to help customers understand the implications of its restrictions on...

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Moneylife Digital Team 16 February 2024
The directorate of enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (FEMA) in the Paytm Payments Bank Ltd case, says a report. Meanwhile, citing regulatory actions, the National Highway...

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It is a standard bus stop in a city. One person with a red velvet rope creates a section for seating at the bus stop. He labels it as a VIP section and charges a fee. Three curious commuters pay the charges and tightly sit on the bench meant for two people. This is a prank played out on...

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IANS 16 February 2024
Ministry of Corporate Affairs has operationalised the Central Processing Centre (CPC) for centralised processing of corporate filings without requiring any physical interaction with the stakeholders as part of the continuing reforms to provide ease of doing business.   The Ministry...

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IANS 16 February 2024
The Chairman and Managing Director of SpiceJet, and Busy Bee Airways Private Limited, have jointly submitted a bid for the cash-strapped GoFirst.   A SpiceJet airline official said that the bid has been submitted by Chairman and Managing Director Ajay Singh, in his personal capacity,...

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