ECONOMY & NATION


At a time when most of us were riveted on Operation Sindoor, a decision by judges of the Supreme Court of India (SC) to voluntarily declare their assets went largely unnoticed. The disclosures are a step forward from the sporadic and minimal disclosures made by judges in the past and are of...

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Moneylife Digital Team 16 May 2025
A new study by Moneylife Foundation confirms the depth and scale of challenges caused by the rigid enforcement of know-your-customer (KYC) norms, particularly in rural India. What was intended as a safeguard against financial crimes has, in practice, become a significant barrier to financial...

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Chandramouli Mohan 16 May 2025
The Hidden Cost of Falling Short Imagine this: You’re juggling bills, groceries and school fees and one month you dip below your bank’s minimum balance requirement. Next thing you know, your bank slaps you with a penalty. Annoying, right? But wait—there’s more! On top of this penalty, you’re...

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Chandramouli Mohan 16 May 2025
The Hidden Cost of Falling Short Imagine this: You’re juggling bills, groceries and school fees and one month you dip below your bank’s minimum balance requirement. Next thing you know, your bank slaps you with a penalty. Annoying, right? But wait—there’s more! On top of this penalty, you’re...

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Dr Swati Rane 16 May 2025
As we celebrate International Nurses Week and Nurses' Day on 12th May, it is both timely and essential to reflect on the profound contributions of nursing leaders who have shaped the profession in India. One such towering figure is Durga Mehta whose legacy continues to inspire generations of...

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Moneylife Digital Team 16 May 2025
India’s wholesale price index (WPI) dropped to a 13-month low of 0.85% in April, driven by declining food prices. Deflation was observed in primary food articles for the first time in 27 months, alongside reductions in fuel and power costs.    Retail inflation in India dropped to a six-year...

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When we talk about family business, we think about a family, and maybe even about two or three generations. But there are times when we encounter a one-man institution. A person who has the intellect and the capability to build a business just by himself, and make it large, or even...

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Ritwik Choudhury (Bar  and   Bench) 16 May 2025
The Supreme Court recently acquitted a man in a 26-year-old dowry and cruelty case, while raising concerns about the misuse of Section 498A (cruelty to married woman) of the Indian Penal Code (IPC) and the Dowry Prohibition Act, 1961, in matrimonial disputes (Rajesh Chaddha vs. State of Uttar...

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Moneylife Digital Team 16 May 2025
Fugitive diamond merchant Nirav Modi's troubles have deepened once again, as a UK court on Thursday rejected his fresh bail petition. Mr Modi has been in a London prison for nearly six years after losing his extradition battle to face fraud and money laundering charges in India.    The bail...

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Moneylife Digital Team 16 May 2025
Fugitive diamond merchant Nirav Modi's troubles have deepened once again, as a UK court on Thursday rejected his fresh bail petition. Mr Modi has been in a London prison for nearly six years after losing his extradition battle to face fraud and money laundering charges in India.    The bail...

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Moneylife Digital Team 16 May 2025
Reserve Bank of India (RBI) has imposed penalties of Rs5 lakh on four cooperative Banks and one non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Karnataka Central Cooperative Bank...

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Moneylife Digital Team 15 May 2025
State-run Indian Renewable Energy Development Agency (IREDA) has initiated insolvency proceedings against Gensol Engineering Ltd over a loan default exceeding Rs510 crore, escalating the financial and regulatory troubles for the renewable energy company. Last month, Power Finance Corporation...

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Ritwik Choudhury (Bar  and   Bench) 15 May 2025
The Supreme Court on Wednesday emphasised that the right to use footpaths without obstruction is an essential part of the fundamental right to life guaranteed under Article 21 of the Constitution. (S Rajaseekaran v. Union of India & Ors).   A Bench of Justices Abhay S Oka and Ujjal Bhuyan...

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Moneylife Digital Team 15 May 2025
The Mumbai zonal office (II) of the directorate of enforcement (ED) has seized over Rs32 crore in unaccounted assets, including Rs9.04 crore cash and Rs23.25 crore in diamond-studded jewellery and bullion, following raids at 13 locations across Mumbai and Hyderabad. The action is part of a...

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Moneylife Digital Team 14 May 2025
The Madhya Pradesh High Court (HC) on Wednesday directed the registration of a first information report (FIR) against state minister Vijay Shah over his controversial remarks against Indian Army officer colonel Sofiya Qureshi.   Hearing a public interest litigation (PIL), the Court observed...

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Pallavi Saluja (Bar  and   Bench) 14 May 2025
The Bar Council of India (BCI) has notified amended rules allowing foreign lawyers and law firms to practice foreign law in India on a reciprocity basis.   The BCI has enforced the amended Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in...

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Moneylife Digital Team 14 May 2025
Justice Bhushan Ramkrishna Gavai on Wednesday took oath as the 52nd chief justice of India. President Droupadi Murmu administered the oath to him at a special ceremony at Rashtrapati Bhavan. Justice Gavai succeeds chief justice Sanjiv Khanna who retired on Tuesday.    Justice Gavai makes...

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Moneylife Digital Team 13 May 2025
The Union government’s sudden dismissal of RP Gupta, chairman and managing director (CMD) of Solar Energy Corporation of India (SECI), has sent shockwaves through the country’s renewable energy sector, with media reports linking the move to serious procedural lapses involving Anil Ambani-owned...

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Moneylife Digital Team 13 May 2025
Anmol Singh Jaggi and Puneet Singh Jaggi, promoters of Gensol Engineering Ltd, have stepped down from their positions in the company following the Securities and Exchange Board of India's (SEBI) damning interim order accusing them of large-scale financial misconduct. The development triggered a...

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Moneylife Digital Team 13 May 2025
The executive order announced by US president Donald Trump to slash prescription drug prices is unlikely to have a material near-term impact on Indian pharmaceuticals companies, though it may influence their longer-term revenue strategies and capital allocation, says India Ratings and Research...

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