ECONOMY & NATION


Debayan Roy (Bar  and   Bench) 12 February 2025
The Supreme Court on Tuesday sought Election Commission of India (ECI)'s response on a petition seeking a Standard Operating Procedure for compliance with the top court's 2024 directions for verification of the Electronic Voting Machine (EVM) data.   The Court last year had allowed candidates...

Read More



Moneylife Digital Team 12 February 2025
Following compliance by Kotak Mahindra Bank Ltd, the Reserve Bank of India (RBI) has decided to remove supervisory restrictions imposed on the lender in April 2024. Kotak Mahindra Bank can now onboard new customers and also issue fresh credit cards.   In a release, RBI says, "...Kotak...

Read More



The Leaflet 12 February 2025
Last week, a two-judge Bench of the Supreme Court comprising Justices Abhay S. Oka and N. Kotiswar Singh handed down an important decision regarding the furnishing of grounds of arrest to accused.    The Bench observed that informing the detained person of the grounds of arrest is not a...

Read More



Moneylife Digital Team 12 February 2025
US president Donald Trump's planned 25% tariffs on steel and aluminium imports would be added on top of other levies on Canadian goods, resulting in a total 50% tariff if threatened duties on all imports from Canada are enacted in March.    However, governments around the world, including...

Read More



Sponsored Post 12 February 2025
In India, a private limited company is a separate legal entity. It is treated as an independent person under the law. This separates the company from its owners (shareholders) and managers (directors).    By setting up a company you also enjoy limited liability and are not personally held...

Read More



Moneylife Digital Team 12 February 2025
Wadia group company National Peroxide Ltd paid Rs9.42 lakh to settle a case with the Securities and Exchange Board of India (SEBI) over alleged disclosure lapses.     SEBI had initiated an investigation into the company for violating Clause 5 of Para A of Part II of the master circular on...

Read More



Moneylife Digital Team 11 February 2025
In a shocking turn of events, C2C Advanced Systems (C2C), which made headlines with its spectacular stock market debut, is now under intense scrutiny following recent findings by National Stock Exchange ([NSE)-appointed independent reviewer BDO]. The defence electronics solutions-provider,...

Read More



Tax and fiscal practitioners, who have observed the annual Budget presentations over half a century, recognise the fact that the euphoria emanating from the event evaporates into ether in a matter of about 36-48 hours, almost the same time it takes for the excitement that comes with the Indian...

Read More



Tax and fiscal practitioners, who have observed the annual Budget presentations over half a century, recognise the fact that the euphoria emanating from the event evaporates into ether in a matter of about 36-48 hours, almost the same time it takes for the excitement that comes with the Indian...

Read More



Moneylife Digital Team 11 February 2025
Financial creditors have recovered Rs3.58 lakh crore through 1,119 cases under the liquidation process of the national company law tribunal (NCLT) since the implementation of the Insolvency and Bankruptcy Code (IBC) on 1 June 2016, the Union government informed the Rajya Sabha. However, the...

Read More



Bhavini Srivastava (Bar  and   Bench) 11 February 2025
The Delhi High Court on Tuesday asked Right to Information (RTI) activist Neeraj Sharma whether any public interest was involved in his request under the RTI Act for records of students who had cleared the Bachelor of Arts (BA) course from Delhi University (DU) in 1978, the year in which Prime...

Read More



Moneylife Digital Team 11 February 2025
The Kolkata zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth Rs210.07 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with the money laundering case against Concast Steel & Power Ltd and...

Read More



Moneylife Digital Team 10 February 2025
Gold loan non-performing assets (NPAs) in commercial banks have surged by 62%, rising from Rs1,513 crore in March 2024 to Rs2,445 crore in June 2024, says the Union government. Responding to a question in the Lok Sabha, Union finance minister (FM) Nirmala Sitharaman says the overall gross NPAs...

Read More



SN Thyagarajan (Bar  and   Bench) 10 February 2025
The Supreme Court on Friday directed Danny Gaekwad, who has made a competing offer to buy Religare Enterprises Limited (REL), to deposit Rs600 crore by 12 February 2025 to establish his bona fides.    As a consequence of this, the offer made by Burman Family Holdings (Dabur's holding company)...

Read More



Meera Emmanuel (Bar  and   Bench) 10 February 2025
The Supreme Court on Monday sought the assistance of Attorney General (AG) R Venkataramani on a plea seeking a permanent ban on those convicted of criminal offences from contesting elections to the parliament and State assemblies.    The Court was hearing an interim application (IA) filed by...

Read More



Moneylife Digital Team 10 February 2025
Amidst rumblings within the state Bharatiya Janata Party (BJP) seeking a change of leadership in strife-torn Manipur, N Biren Singh resigned as the chief minister (CM) on Sunday. He submittied his resignation letter to Manipur governor Ajay Kumar Bhalla at the Raj Bhavan in Imphal. The...

Read More



Moneylife Digital Team 10 February 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs35.60 lakh on Federal Bank Ltd and Karur Vysya Bank Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs27.30 lakh has been imposed on Federal Bank. Karur Vysya Bank was fined Rs8.30...

Read More



Moneylife Digital Team 10 February 2025
The Delhi Union of Journalists (DUJ) and the National Alliance of Journalists (NAJ) have welcomed the landmark judgement of the Madras High Court (HC) defending press freedom and journalists' right to privacy. The ruling, delivered on 6 February 2025, strongly condemned the police's seizure of...

Read More



Moneylife Digital Team 10 February 2025
The Reserve Bank of India (RBI) has approved the voluntary amalgamation of two urban cooperative banks (UCBs). The first amalgamation is between Goa-based Citizen Cooperative Bank (CCB) and Thane, Maharashtra-based TJSB Sahakari Bank (TJSB). At the same time, the second involves Satara-based...

Read More



Moneylife Digital Team 07 February 2025
The government plans to increase investment by nine State-owned power firms by nearly 21% to Rs86,138 crore in FY25-26, up from Rs71,278 crore in FY24-25. NTPC’s investment will rise to Rs26,000 crore, while Power Grid Corp’s will increase to Rs25,000 crore. SJVN and NHPC will also get higher...

Read More

Free Helpline
Legal Credit
Feedback