ECONOMY & NATION


Moneylife Digital Team 09 June 2025
In a heartfelt return to his alma mater, Mukesh Ambani, chairman and managing director (CMD) of Reliance Industries Ltd (RIL), announced an unconditional donation of Rs151 crore to his alma mater, Mumbai-based Institute of Chemical Technology (ICT). The gesture, made during the launch of a...

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Rajiv Bajaj, chairman of Bajaj Auto, sounded the alarm last week: if China were to restrict exports of rare earths—crucial for the magnets in electric vehicles (EVs)—India’s nascent EV industry could grind to a halt. His anxiety is not unwarranted. As geopolitical tensions rise and trade wars...

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Rajiv Bajaj, chairman of Bajaj Auto, sounded the alarm last week: if China were to restrict exports of rare earths—crucial for the magnets in electric vehicles (EVs)—India’s nascent EV industry could grind to a halt. His anxiety is not unwarranted. As geopolitical tensions rise and trade wars...

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Moneylife Digital Team 06 June 2025
India’s top-15 banks earned a staggering Rs21,773 crore in commissions from selling life insurance, mutual funds and other financial products in FY23–24 — much of it by promoting schemes from their own group companies. In the case of Kotak Mahindra Bank, 100% of the life insurance commissions...

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Moneylife Digital Team 06 June 2025
In its most forceful monetary policy move in nearly five years, the Reserve Bank of India (RBI) cut the repo ate by 50bps (basis points) to 5.5% in June 2025. This is the third consecutive reduction this year, bringing the cumulative rate cut to 100bps  since February. With inflation easing to...

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Moneylife Digital Team 06 June 2025
In its most forceful monetary policy move in nearly five years, the Reserve Bank of India (RBI) cut the repo ate by 50bps (basis points) to 5.5% in June 2025. This is the third consecutive reduction this year, bringing the cumulative rate cut to 100bps  since February. With inflation easing to...

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Abhay Datar 06 June 2025
“I have taken a loan from a bank and now cannot repay. Its agents are threatening me.”    “I have taken multiple loans and now I cannot repay any of them.”    “Recovery agents somehow got contact numbers of my friends and relatives and are now spreading the news that I am not paying the...

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Moneylife Digital Team 06 June 2025
The Indian government is considering handing over industrial training institutes (ITIs) to industry associations, as part of a revamped skilling framework. Under the proposal, curriculum, training and placement responsibilities will shift to the private sector, while the government continues...

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SN Thyagarajan (Bar  and   Bench) 06 June 2025
The United States Supreme Court recently ruled that a $1.29 billion arbitral award enforcement suit filed by Mauritius-based CC/Devas and India-based Devas Multimedia (plaintiffs) against India’s Antrix Corporation can proceed in US courts without the plaintiffs having to show that Antrix had...

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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
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 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
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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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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