ECONOMY & NATION


Moneylife Digital Team 01 June 2023
Technical glitches on the income tax (I-T) portal continue to give a hard time to taxpayers as well as tax professionals. Citing heavy traffic, the I-T department announced providing a couple of days for filing the statement of financial transactions (SFT), erstwhile annual information...

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Irate villagers of Karjat-Hastpokhari in Maharashtra's Jalna district recently "lifted up" a newly-laid road under the Prime Minister Rural Road Scheme, ostensibly to highlight the poor quality of construction of the village thoroughfare.   An undated video of the villagers accusing...

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Moneylife Digital Team 01 June 2023
A rise in risk appetite among Indian banks highlights the importance of assessing individual banks' ability to withstand both expected and unexpected balance-sheet stress as part of an analysis of their intrinsic creditworthiness, says Fitch Ratings.   Indian banks' loan growth over...

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The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as "rejected".   On...

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The International Olympic Committee (IOC) has condemned the alleged manhandling by Delhi Police of protesting wrestlers over the weekend by calling it "disturbing" and urged the authorities to ensure the "well-being of the athletes" throughout the investigation against Wrestling Federation of...

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A man and his brother-in-law have allegedly duped several jewellers and builders, including the well known Champalal Jewellers, in Delhi-NCR and Dehradun, by forging stamp papers related to multiple properties. Over the course of one decade, the duo has defrauded people for a staggering...

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The gross Goods and Services Tax (GST) revenue collections for May fell by 19 per cent to Rs 1,57,090 crore. The figures had touched their highest-ever level of Rs 1,87,035 crore in April.   Out of the total GST collections of Rs 1,57,090 crore for May, CGST was Rs 28,411 crore, SGST...

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Chhattisgarh Police lodged an FIR against three officers for allegedly draining 41 lakh litres of water from a reservoir to retrieve a mobile phone in Kanker district last week.   The FIR was lodged against food inspector Rajesh Vishwas, Sub-Divisional Officer of Pakhanjore R.L....

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India's economic growth rose to 6.1% in the fourth quarter (January-March) of 2022-23, a significant rise from 4.4% seen in the third quarter (October-December), according to government data released on Wednesday.   However, the growth in real GDP during 2022-23 is estimated to be...

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Moneylife Digital Team 31 May 2023
Raising concerns over Adani Ports & Special Economic Zone Ltd's transactions with three entities, the company auditor Deloitte Haskins & Sells LLP says it can only issue a qualified opinion on the accounts due to insufficient disclosures. All three transactions mentioned in the qualified...

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A US federal judge has categorically told lawyers that he will not allow any AI-generated content in his court.   Texas federal judge Brantley Starr said that any attorney appearing in his court must attest that "no portion of the filing was drafted by generative artificial...

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JioCinema, the official digital streaming partner of IPL (Indian Premier League) 2023, has broken the world record for the most concurrent views to a live-streamed event on Monday as over 3.2 crore viewers witnessed the finale of this year IPL, featuring Chennai Super Kings versus Gujarat...

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The Enforcement Directorate (ED) on Wednesday said it has attached 78 immovable properties and 16 movable properties valued at Rs 124 crore, which were in the possession of various persons and entities linked to the Chennai based Surana Group of Companies.   The action was taken in...

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The National Spot Exchange Limited (NSEL) on Tuesday said the Maharashtra protection of interest of depositors (MPID) court has directed the economic offences wing (EOW) of Mumbai police to probe the involvement of former Forward Markets Commission (FMC) chairman Ramesh Abhishek in the...

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The number of counterfeit currency notes of Rs500 denomination detected by the banking system, rose by 14.6% to 91,110 pieces in FY22-23 compared to last year, according to the Reserve Bank of India's (RBI's) annual report released on Tuesday.   At the same time, the number of...

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Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward, but resilient domestic macroeconomic and financial conditions, expected dividends from past reforms and new growth opportunities from global geo-economic...

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Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year.   "Relentless strengthening of the US dollar and aggressive tightening of monetary policy by the US...

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Out of 1,001 analysed candidates in the recent Karnataka polls, 345 (34%) candidates belonging to eight parties, including the BJP, the Congress, the AAP, and the JD-S, have declared criminal cases against themselves, a Karnataka Election Watch and Association for Democratic Reforms (ADR)...

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The suspicious death case of an RTI activist in Davanagere district has been handed over to the Criminal Investigation Department (CID) following a complaint by the family members. The department has also suspended a police sub-inspector and a constable in this regard.   The...

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Sponsored Post 30 May 2023
Selecting the correct Income Tax Return (ITR) form ensures a smooth and error-free filing. For appropriate reporting and tax compliance, choose the form that matches your revenue sources, financial activity, and category since ITR filing is mandatory for Indian taxpayers.   Choosing...

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