ECONOMY & NATION


IANS 21 February 2024
Credit rating agency ICRA on Wednesday said India’s Gross Domestic Product (GDP) would grow at 6 per cent in Q3 FY2024 from 7.6 per cent in Q2 FY2024.   Further, the Gross Value Added (GVA) growth is estimated to ease to 6 per cent in Q3 FY2024 from 7.4 per cent in Q2 FY2024, driven...

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IANS 21 February 2024
RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of shooting past 100 per cent if historical shocks materialise and hence the country needs to go cut government expenditure.   In an article in the RBI bulletin, the...

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IANS 21 February 2024
Eminent constitutional jurist and senior advocate Fali S. Nariman passed away here on Wednesday. He was 95.   Nariman argued several landmark cases, including the famous NJAC verdict. He also appeared in the important SC AoR Association case (which led to the collegium system), TMA...

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IANS 21 February 2024
Ameen Sayani, the iconic radio personality, passed away at the age of 91 due to cardiac failure. He suffered a heart attack on Tuesday evening after which he rushed to HN Reliance Hospital in Mumbai.   He reportedly suffered a heart attack on Tuesday at 6:00 p.m. The doctors at the...

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IANS 20 February 2024
Setting aside the election of the BJP candidate as declared by the returning officer (RO), the Supreme Court (SC) on Tuesday declared AAP councillor Kuldeep Kumar as the mayor of Chandigarh municipal corporation during the hearing on the contentious Chandigarh mayoral election...

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IANS 20 February 2024
The Maharashtra Legislative Assembly unanimously passed the Maratha Reservation Bill giving 10% quotas to the community in education and government jobs, here on Tuesday.   The Bill was introduced in the assembly at the special session of the legislature this afternoon and chief...

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IANS 20 February 2024
A forger here fell into the hands of a vigilant officer who detected a spelling mistake on the passport.   The accused was identified as Darshan Kaur (54), an Indian National, and a resident of Barnala in Punjab. She had arrived at the Delhi Airport by Batik Air flight from Malaysia...

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The Indian economy is on a roll. Growing consistently post-pandemic, it drew the attention of the United Nations, World Bank, International Monetary Fund (IMF), global rating agencies, NITI Aayog and Reserve Bank of India (RBI) alike and they estimate that India would reach 6.5% growth by...

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Moneylife Digital Team 19 February 2024
The Central Board of Direct Taxes (CBDT), in an order last week, has asked the directorate of income-tax (DIT) (systems) and central processing centre (CPC) to implement, preferably within two months, remission and extinguishment of 'small demands' outstanding as of 31 January 2024. The order...

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KBS Sidhu 19 February 2024
The Core Argument: IAS as Indian Customer Service In September 2018, as a serving Indian Administrative Service (IAS) officer, I had penned an article captioned “IAS has now become the Indian Customer Service” that had been published in a reputed national e-Portal. The thrust of the...

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Moneylife Digital Team 19 February 2024
While grilling Anil Masih, the returning officer (RO) for the Chandigarh municipal polls for making marks on the ballot papers, the Supreme Court (SC) warned he could be prosecuted if he made any attempts to lie to the SC.    A bench of chief justice of India (CJI) DY Chandrachud,...

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Moneylife Digital Team 19 February 2024
Terming the arrest of ICICI Bank's former managing director and chief executive officer (MD&CEO) Chandar Kochhar and her husband Deepak Kochhar as an 'abuse of power' by the central bureau of investigation (CBI), the Bombay High Court (HC) says the arrest was 'without application of mind and...

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IANS 19 February 2024
Tech giant Apple grossed a whopping $1.65 trillion from iPhone sales in the past decade, a new report has revealed.   Last year, the tech giant shipped 235 million iPhones worldwide, while 35 per cent of all users owned the device, helping the company’s cumulative sales revenue hit...

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IANS 19 February 2024
The Misinformation Combat Alliance (MCA) on Monday said that it has collaborated with Meta (formerly Facebook) to launch a dedicated fact-checking helpline on WhatsApp in India in an effort to combat media generated using artificial intelligence (AI).   The helpline will be available...

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Late last week, the National Democratic Alliance (NDA) finally came up with a White Paper on the Indian economy. It was not about the current economic situation or a road map for the next five years but a frontal attack on the United Progressive Alliance (UPA) regime which was in power from...

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Finance minister Nirmala Sitharaman’s ‘White Paper on the Indian Economy’ has presented a detailed analysis of the ‘policy paralysis’ and governance issues of the 2004-2014 period. The Paper also lists 15 major scams which played a key role in turning public opinion against the UPA (United...

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Moneylife Digital Team 16 February 2024
In a significant order, the Supreme Court on Thursday, while striking down the electoral bonds (EBs) scheme as unconstitutional, directed State Bank of India (SBI), the issuer bank, to stop issuing EBs. The apex court also directed SBI to submit details of electoral bonds purchased from 12...

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Moneylife Digital Team 16 February 2024
The directorate of enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (FEMA) in the Paytm Payments Bank Ltd case, says a report. Meanwhile, citing regulatory actions, the National Highway...

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IANS 16 February 2024
Ministry of Corporate Affairs has operationalised the Central Processing Centre (CPC) for centralised processing of corporate filings without requiring any physical interaction with the stakeholders as part of the continuing reforms to provide ease of doing business.   The Ministry...

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IANS 16 February 2024
Elon Musk-run X Corp banned a record 2,31,215 accounts in India between December 26 and January 25, mostly for promoting child sexual exploitation and non-consensual nudity.   The micro-blogging platform, going through a churning under Musk, also took down 1,945 accounts for promoting...

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