ECONOMY & NATION


Ritwik Choudhury (Bar  and   Bench) 18 June 2025
The Supreme Court on Wednesday expressed shock over the order of Madras High Court directing action against Tamil Nadu Additional Director General of Police (ADGP) HM Jayaram in connection with an abduction case.   The Bench of Justice Ujjal Bhuyan and Justice Manmohan also took strong...

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India’s aviation sector is, once again, battling fierce headwinds and, this time, the centre of the storm is Air India. If you have been reading news reports over the past week, it is no longer about the one horrific crash of Air India’s flight AI171 from Ahmedabad to London on 12th June. A...

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Ritwik Choudhury (Bar  and   Bench) 17 June 2025
The Supreme Court on Tuesday refused to interfere with an interim order passed by the Bombay High Court directing the Thane Municipal Corporation to demolish 17 unauthorised buildings constructed on encroached land by builders with links to the underworld (Danish Zaheer Siddiqui vs. State of...

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Moneylife Digital Team 17 June 2025
Continuing its action in the massive illegal online forex trading racket, allegedly orchestrated by international forex broker OctaFX and its India-based arm, the directorate of enforcement (ED) has seized incriminating documents, digital devices, and traced assets worth Rs160.8 crore —...

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Moneylife Digital Team 17 June 2025
Asset reconstruction companies (ARCs) are expected to see a significant uptick in debt recovery from stressed real estate projects this fiscal, with recovery rates poised to rise by 1,600bps (basis points) to 38%, says a note from CRISIL Ratings.   A CRISIL Ratings analysis of around 70...

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Moneylife Digital Team 17 June 2025
Asset reconstruction companies (ARCs) are expected to see a significant uptick in debt recovery from stressed real estate projects this fiscal, with recovery rates poised to rise by 1,600bps (basis points) to 38%, says a note from CRISIL Ratings.   A CRISIL Ratings analysis of around 70...

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Moneylife Digital Team 17 June 2025
India's civil aviation sector is grappling with a wave of flight-related incidents this week, including a major schedule disruption for Air India and two alarming episodes involving IndiGo flights. So far, on Tuesday, Air India has cancelled its flights between Ahmedabad and London, London and...

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Moneylife Digital Team 17 June 2025
The Maharashtra Congress has held the Bharatiya Janata Party (BJP)-led coalition government responsible for the recent Indrayani bridge collapse in Pune district, terming it a 'man-made tragedy born of negligence' and demanding a high-level inquiry and a case of culpable homicide against...

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Avani Bansal (The Leaflet) 17 June 2025
Videos from the recent all-party delegation to different countries on the India-Pakistan conflict had one thing in common - Asian News Agency’s (ANI) logo. So a question naturally arises – can one news agency (ANI), which is a private company (unlike some others such as Press Trust of India...

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Bar  and   Bench 17 June 2025
In a dramatic turn of events, Tamil Nadu Additional Director General of Police (ADGP) HM Jayaram was arrested on Monday, moments after the Madras High Court made strong observations against him and Puratchi Bharatham Party MLA Poovai M Jagan Moorthy, who are suspected of having played a role in...

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On 6th June, the Reserve Bank of India (RBI) surprised the markets, slicing the repo rate by 50bps (basis points) to 5.5% and cutting the cash reserve ratio by 100bps, phased over four 25-point tranches from September to November. The move, expected to inject Rs2.5 lakh crore into the system,...

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Moneylife Digital Team 17 June 2025
The Telecom Regulatory Authority of India (TRAI) has launched a pilot project to introduce a digital consent management system aimed at curbing spam communications, particularly in the banking sector. The move comes in collaboration with the Reserve Bank of India (RBI) and select banks, as part...

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Vijay Jadhav (IndiaSpend) 16 June 2025
In a decade to 2023-24, the structure of Indian households’ financial savings has changed. Deposits still hold the lion’s share, but instruments such as stocks, small savings and government bonds, and provident and pension funds have seen a rise in popularity.   Similarly, while banks...

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Moneylife Digital Team 16 June 2025
In another troubling incident involving Air India’s Boeing 787-8 Dreamliner fleet, a Delhi-bound flight was forced to return to Hong Kong shortly after take-off on Monday following a suspected technical malfunction. The flight — AI315 — safely landed back at Hong Kong International Airport just...

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Moneylife Digital Team 16 June 2025
The directorate of enforcement (ED) has withdrawn a summons issued to senior advocate Arvind Datar in connection with its ongoing investigation into an employee stock option plan (ESOP) granted to Dr Rashmi Saluja by Care Health Insurance Ltd, a wholly-owned subsidiary of Religare Enterprises...

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Bar  and   Bench 16 June 2025
The Supreme Court Advocates-on-Record Association (SCAORA) has issued a statement objecting to the recent summons issued by the Enforcement Directorate (ED) to Senior Advocate Arvind Datar, raising concerns over its broader implications for the legal profession.   In the statement dated June...

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Moneylife Digital Team 16 June 2025
In a major blow to noted Chennai-based restaurateur M Mahadevan, the Chennai bench of the income tax appellate tribunal (ITAT) has ruled that the entrepreneur engaged in a 'colourable device' to avoid taxes on long-term capital gains (LTCG) amounting to Rs2.94 crore. Simultaneously, the...

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Moneylife Digital Team 16 June 2025
In a major blow to noted Chennai-based restaurateur M Mahadevan, the Chennai bench of the income tax appellate tribunal (ITAT) has ruled that the entrepreneur engaged in a 'colourable device' to avoid taxes on long-term capital gains (LTCG) amounting to Rs2.94 crore. Simultaneously, the...

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India has just overtaken Japan to become the world’s fourth-largest economy, with nominal gross domestic product (GDP) clocking in at US$4.19trn (trillion). Yet, behind this headline triumph lies a serious contradiction. Nearly 65% of India’s population still relies on agriculture and allied...

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India has just overtaken Japan to become the world’s fourth-largest economy, with nominal gross domestic product (GDP) clocking in at US$4.19trn (trillion). Yet, behind this headline triumph lies a serious contradiction. Nearly 65% of India’s population still relies on agriculture and allied...

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