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Moneylife Digital Team 01 June 2023
Here is some good news for customers who are unnecessarily forced to share their mobile numbers by shopkeepers while buying products from the shop. In an advisory, the Union ministry of consumer affairs has warned shopkeepers not to demand mobile numbers from customers.   In the...

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Moneylife Digital Team 01 June 2023
Technical glitches on the income tax (I-T) portal continue to give a hard time to taxpayers as well as tax professionals. Citing heavy traffic, the I-T department announced providing a couple of days for filing the statement of financial transactions (SFT), erstwhile annual information...

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Irate villagers of Karjat-Hastpokhari in Maharashtra's Jalna district recently "lifted up" a newly-laid road under the Prime Minister Rural Road Scheme, ostensibly to highlight the poor quality of construction of the village thoroughfare.   An undated video of the villagers accusing...

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Moneylife Digital Team 01 June 2023
A rise in risk appetite among Indian banks highlights the importance of assessing individual banks' ability to withstand both expected and unexpected balance-sheet stress as part of an analysis of their intrinsic creditworthiness, says Fitch Ratings.   Indian banks' loan growth over...

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Market regulator, the Securities and Exchange Board of India (SEBI) has cancelled the Certificate of Registration of Karvy Stock Broking (KSBL).   SEBI had received a preliminary report dated November 22, 2019, from NSE, containing its observations of the inspection of...

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In response to the importance of swift disembarkation during emergencies, the Directorate General of Civil Aviation (DGCA) has directed airline operators to incorporate comprehensive protocols in their operations, safety, and emergency procedures manual.   A circular has been issued...

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Moneylife Digital Team 01 June 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs30 lakh on Indore-based CapitalVia Global Research Ltd and two directors, Kiran Ravindra Kumar Choudhary and Rohit Gadia for charging exorbitant fees from clients for investment products or services without...

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Naresh quit his assistant vice president (AVP) position in Citibank to head up retail in a new bank being set up in Dubai.   On his first morning at work, he was greeted by the vice-chairman (VC), who was in charge of the bank project.   “Congratulations and welcome, Naresh. ...

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The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as "rejected".   On...

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The International Olympic Committee (IOC) has condemned the alleged manhandling by Delhi Police of protesting wrestlers over the weekend by calling it "disturbing" and urged the authorities to ensure the "well-being of the athletes" throughout the investigation against Wrestling Federation of...

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A man and his brother-in-law have allegedly duped several jewellers and builders, including the well known Champalal Jewellers, in Delhi-NCR and Dehradun, by forging stamp papers related to multiple properties. Over the course of one decade, the duo has defrauded people for a staggering...

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The gross Goods and Services Tax (GST) revenue collections for May fell by 19 per cent to Rs 1,57,090 crore. The figures had touched their highest-ever level of Rs 1,87,035 crore in April.   Out of the total GST collections of Rs 1,57,090 crore for May, CGST was Rs 28,411 crore, SGST...

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Moneylife Digital Team 01 June 2023
We mentioned yesterday, that the markets were under pressure. On Thursday, frontline indices fell further as 2078 stocks advanced, 1458 declined and 125 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.42, indicating a positive closing of stocks in...

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Meta-owned WhatsApp banned a record of over 74 lakh bad accounts in India in the month of April, in compliance with the new IT Rules 2021, the company said on Thursday.   Between April 1 and April 30, "7,452,500 WhatsApp accounts were banned and 2,469,700 of these accounts were...

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Chhattisgarh Police lodged an FIR against three officers for allegedly draining 41 lakh litres of water from a reservoir to retrieve a mobile phone in Kanker district last week.   The FIR was lodged against food inspector Rajesh Vishwas, Sub-Divisional Officer of Pakhanjore R.L....

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I wrote last week that the Supreme Court (SC)-appointed expert committee on the Adani-Hindenburg Research saga had ended up making a powerful legal case for why the Securities & Exchange Board of India (SEBI) would draw a blank (Adani Stock Saga: Clean Chit by SC Committee Raises Questions &...

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Moneylife Digital Team 31 May 2023
Amidst the Adani-Hindenburg row, market regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper seeking enhanced transparency measures for foreign portfolio investors (FPI).    The SEBI paper seeks to enhance trust in the Indian securities markets by...

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Moneylife Digital Team 31 May 2023
In a significant setback to billionaire Anil Agarwal-led Vedanta group, the Indian government is likely to deny funding crucial for its joint venture (JV) plan with Taiwan's Hon Hai Precision Industry (Foxconn) to manufacture chips in the country, says a report from...

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India's economic growth rose to 6.1% in the fourth quarter (January-March) of 2022-23, a significant rise from 4.4% seen in the third quarter (October-December), according to government data released on Wednesday.   However, the growth in real GDP during 2022-23 is estimated to be...

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Moneylife Digital Team 31 May 2023
In a significant decision, while cautioning banks to adopt a humanitarian approach, the Kerala High Court (HC) ruled that an education loan cannot be rejected due to the low credit score of the applicant student.    In an order, the bench of justice PV Kunhikrishnan observed, "While...

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