ECONOMY & NATION


Dr Brajesh Kumar Tiwari 31 January 2025
Finance minister (FM) Nirmala Sitharaman will present her eighth consecutive Union Budget on 1 February 2025. This will be the first full Budget of the National Democratic Alliance (NDA)-3 government for the financial year (FY)25-26.    Broadly, there are two categories of taxes: direct and...

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Earlier this month, Tata Steel Ltd informed the stock exchanges of moving a curative petition against the nine-judge constitutional bench decision of the Supreme Court in July 2024 holding that the state governments have power to levy tax on mineral rights.    Earlier in September 2024, the...

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Earlier this month, Tata Steel Ltd informed the stock exchanges of moving a curative petition against the nine-judge constitutional bench decision of the Supreme Court in July 2024 holding that the state governments have power to levy tax on mineral rights.    Earlier in September 2024, the...

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Moneylife Digital Team 31 January 2025
The Economic Survey 2024-25, tabled in Parliament by Union minister of finance and corporate affairs Nirmala Sitharaman forecasts India’s gross domestic product (GDP) growth for FY25-26 to range between 6.3% and 6.8%. Despite global economic uncertainties, India has maintained a steady growth...

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Moneylife Digital Team 31 January 2025
Union minister of finance and corporate affairs, Nirmala Sitharaman on Friday presented the Economic Survey 2024-25 in the Parliament.    Here are the highlights of the survey…   State of the Economy: Getting Back into the Fast Lane   1. India's real GDP growth is estimated at 6.4% in...

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Sponsored Post 31 January 2025
As we approach the financial year 2025, tax-saving investments continue to be a priority for individuals looking to maximise their income while growing their wealth. Among various options, Equity-Linked Savings Schemes (ELSS) stand out as one of the most effective tax-saving instruments under...

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Bar  and   Bench 31 January 2025
The Competition Commission of India (CCI) recently imposed a penalty of Rs40 lakh on Goldman Sachs (India) Alternative Investment Management Private Limited (GS AIMPL) for failing to notify its investment in Biocon Biologics Limited under the Competition Act, 2002.   “The Commission is of the...

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Moneylife Digital Team 30 January 2025
The National Human Rights Commission (NHRC) has taken suo motu cognisance of reports stating that 474 homeless individuals have died in Delhi over a span of 56 days during the current winter season. The figures, cited by the NGO Centre for Holistic Development (CHD), suggest that these deaths...

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Sandhi Sarun (Bar  and   Bench) 30 January 2025
The Supreme Court on Thursday pulled up the Central government for filing frivolous appeals against armed forces' personnel in disability pension cases.   The Bench of Justice Abhay S Oka and Justice Ujjal Bhuyan impressed upon the government to evolve a policy to curb such frivolous...

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SN Thyagarajan (Bar  and   Bench) 30 January 2025
The Delhi High Court on Thursday refused to stay the Annual General Meeting (AGM) of Religare Enterprises Ltd (REL) scheduled for February 7, amid controversy over a proposed takeover of REL by the Burman family, which owns Dabur (Sapna Govind Rao Vs Union of India).   A minority shareholder...

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Moneylife Digital Team 30 January 2025
Setting aside the addition of entire purchase and sales transactions with a sub-broker as cash credits under Section 68 of the Income Tax (I-T) Act by the assessing officer (AO), the Mumbai bench of I-T appellate tribunal (ITAT) says only the profit disclosed could be considered as undisclosed...

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Moneylife Digital Team 30 January 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs90 lakh on Urja Global Ltd (noticee 1) and 15 of its related entities, including the company's top executives like the managing director (MD), chief executive officer (CEO), whole-time directors (WTDs) and...

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Moneylife Digital Team 30 January 2025
Fitch Ratings has warned that rising stress in Indian banks' unsecured retail loan portfolios could present risks to asset quality projections for the sector in 2025. The rating agency forecasts that the banking sector's impaired-loan ratio will decline by 40bps (basis points) to about 2.4% for...

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SN Thyagarajan (Bar  and   Bench) 29 January 2025
The National Company Law Tribunal (NCLT) on Wednesday called for the initiation of disciplinary proceedings against Pankaj Srivastava, the resolution professional (RP) of debt-ridded ed-tech company Byju's.   A Bench comprising judicial member K Biswal and technical member Ravichandran...

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Moneylife Digital Team 29 January 2025
The income-tax (I-T) department on Tuesday conducted search operations at the office of IIFL group and premises linked to 360 ONE WAM Ltd, formerly known as IIFL Wealth and Asset Management, and its founder, managing director and chief executive officer (MD&CEO), Karan Bhagat, say media...

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Moneylife Digital Team 29 January 2025
The income-tax (I-T) department on Tuesday conducted search operations at the office of IIFL group and premises linked to 360 ONE WAM Ltd, formerly known as IIFL Wealth and Asset Management, and its founder, managing director and chief executive officer (MD&CEO), Karan Bhagat, say media...

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Moneylife Digital Team 29 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has rejected a competing open offer by the US-based entity Danny Gaekwad Developments & Investments for buying a 26% stake in Religare Enterprises Ltd (REL) as the offer did not meet necessary regulations.   In a regulatory...

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Shreehari Paliath (IndiaSpend) 29 January 2025
The Bharatiya Janata Party-led National Democratic Alliance government will present the second full budget of its third successive term in office, amidst concerns of a slowdown of the economy based on government estimates.   The Mahatma Gandhi National Rural Employment Guarantee Scheme...

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Moneylife Digital Team 29 January 2025
As many as 30 are dead, with more than 60 injured after a stampede broke out at the Sangam on Wednesday amid the ongoing Maha Kumbh, as millions of pilgrims turned up for a holy bath on mauni amavasya, the most significant ritual during this period. Speaking with media, Vaibhav Krishna, deputy...

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Bar  and   Bench 29 January 2025
The News Broadcasting and Digital Standards Authority (NBDSA) has censured News18 India channel and its anchor Rubika Liyaquat for attributing guilt to Aam Aadmi Party chief Arvind Kejriwal in the liquor scam which is still under probe by the Enforcement Directorate (ED).   In an order passed...

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