DAILY NEWS: OUR PICKS


Moneylife Digital Team 06 June 2025
In a deeply disturbing breach of trust, a woman bank officer in Rajasthan’s Kota allegedly siphoned off more than Rs4.5 crore from customers’ accounts by manipulating fixed deposits (FDs) over two years. The accused, Sakshi Gupta, was working as a relationship manager (RM) at ICICI Bank when...

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Moneylife Digital Team 06 June 2025
The Delhi High Court (HC) has issued a notice to the Union government and the Press Council of India (PCI) following a writ petition filed by the Mumbai Press Club (MPC), seeking urgent reconstitution of the PCI. The petition urges the court to direct the PCI chairperson to constitute the 15th...

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Moneylife Digital Team 06 June 2025
Market regulator Securities and Exchange Board of India (SEBI) has issued an operational framework for the issuance of Environment, Social and Governance (ESG) debt securities. The move aims to improve transparency and facilitate fundraising for sustainable development projects.   Coming into...

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Moneylife Digital Team 06 June 2025
Reserve Bank of India (RBI) has imposed penalties totalling Rs6 lakh on three cooperative banks and one non-banking financial company (NBFC) for failing to comply with the directions issued by the banking regulator.    Maharashtra-based Ratanchand Shah Sahakari Bank Ltd and PayMe India...

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Moneylife Digital Team 06 June 2025
As expected, the Reserve Bank of India (RBI), in its third monetary policy committee (MPC) meeting for 2025, decided to cut the repo rate, the central bank's rate for short-term loans to banks, by 50bps (basis points) to 5.5% from 6%, at the lowest level in nearly three years. Consequently, the...

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Moneylife Digital Team 05 June 2025
The Mumbai bench of the income-tax appellate tribunal (ITAT) has delivered a significant ruling in favour of Percival Joseph Pereira, a non-resident senior citizen and overseas citizen of India (OCI) residing in Australia, by deleting a tax demand of Rs65.57 crore and a penalty of Rs20.10 crore...

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Moneylife Digital Team 05 June 2025
Coming down heavily on the promoters of the Gurgaon One-84 housing project for imposing one-sided contractual terms on flat buyers and delaying possession, the national consumer disputes redressal commission (NCDRC) held the builder accountable for adopting 'unfair trade practices' and issued...

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Moneylife Digital Team 05 June 2025
In a major digital crackdown, Indian Railways has deactivated 25mn (million) or 2.5 crore suspicious user IDs linked to unauthorised automated ticket bookings. The action follows the deployment of advanced artificial intelligence (AI)-driven BOT (short for robot) mitigation tools and...

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Moneylife Digital Team 05 June 2025
The imposition of a 30% anti-dumping duty (ADD) on bare printed circuit boards (BPCBs) has significantly boosted domestic production in India, but the long-term sustainability of this momentum will depend on the country’s ability to build a self-reliant raw materials supply chain, says a...

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SN Thyagarajan (Bar  and   Bench) 05 June 2025
The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed the National Company Law Tribunal (NCLT) to hear on June 9 the petitions filed by Gensol subsidiaries BluSmart and Matrix Gas challenging the freezing of their bank and demat accounts.   The order was passed by a...

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Moneylife Digital Team 05 June 2025
The directorate of enforcement (ED) is conducting searches at 10 locations in a case against Shri Sidhdata Ispat Pvt Ltd and others, in which Dena Bank (now Bank of Baroda) was defrauded to the tune of around Rs190 crore.    The searches are being carried out at places related to the...

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Moneylife Digital Team 05 June 2025
The National Human Rights Commission (NHRC), India, has taken suo motu cognisance of two separate incidents of alleged police brutality—one involving the custodial death of an auto-rickshaw driver in Hyderabad (Telangana) and another concerning the assault of two journalists in Bhind district...

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Shirish Shanbhag 05 June 2025
In every cooperative housing society (CHS/the Society), disputes and uncertainties often arise over what should be common sense, fair or simply procedural. From how parking spaces are used (or misused), to whether funds are being managed transparently, to even something as routine as updating...

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Moneylife Digital Team 04 June 2025
The Union government announced that the long-awaited Population Census 2027 will be conducted in two phases, with an added emphasis on caste enumeration. This will be India’s first census in 16 years, following the postponement of the 2021 exercise due to the COVID-19 pandemic.    Census 2027...

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The central information commission has issued strict warnings to two central public information officers (CPIOs) of the National Institute of Open Schooling (NIOS) for violating provisions of the RTI Act by denying two students photocopies of their answer sheets.   In both cases, the CPIOs...

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Bar  and   Bench 04 June 2025
Chief Justice of India (CJI) BR Gavai said on Tuesday that incidents of corruption and misconduct can erode public faith in the judiciary.   He said that such instances have surfaced in the Indian judiciary, and the path to rebuilding trust in the system lies in swift, decisive and...

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Moneylife Digital Team 04 June 2025
In a striking rebuke of the Indian Railways’ misuse of its VIP quota system, the national consumer disputes redressal commission (NCDRC) has upheld a Rs60,000 compensation award against Northern Railway for unilaterally altering the confirmed train reservations of justice (retd) Dilip Raosaheb...

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Moneylife Digital Team 04 June 2025
The flood situation in Assam remains dire, with over 633,000 people affected across 21 districts following the state's first major flood of the season. The death toll has climbed to 12, with six more deaths reported in the past 24 hours, according to the Assam state disaster management...

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Moneylife Digital Team 04 June 2025
Reserve Bank of India (RBI) has imposed penalties of Rs11.48 lakh on three cooperative banks and two housing finance companies (HFCs) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs6 lakh has been imposed on Nodia-based Citizen Cooperative Bank...

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Moneylife Digital Team 04 June 2025
India’s defence and aerospace sector is witnessing a structural upcycle, bolstered by rising geopolitical tensions, the need for advanced simulation systems and global moves toward domestic defence manufacturing. Zen Technologies Ltd (Zen) is among the players positioning to benefit, with a...

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