PERSONAL FINANCE


An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

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  Hitopadesha, is a Sanskrit text that contains fables, aphorisms and maxims to provide healthy advice and guidance to people in dealing with day-to-day predicaments and dilemmas.    There occurs an interesting couplet which lists out the enemies of a householder.    They are, a father,...

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Sahyaja MS (Bar  and   Bench) 16 January 2025
The indefinite strike by 156 contractual and outsourced staff members of the Mumbai Bench of the National Company Law Tribunal (NCLT) entered its third day on Thursday, with employees citing extreme financial hardships due to delayed salaries.   The employees have alleged that have not...

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Suchak Patel (IndiaSpend) 13 January 2025
India is currently benefiting from a large working-age population. However, by 2050, the elderly will make up more than 20% of the total population. The UN Population Fund's India Ageing Report from 2023 predicts that by 2046, there will be more elderly people than children aged 0 to 15. This...

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Ratna Singh (Bar  and   Bench) 10 January 2025
The Bombay High Court recently criticised the Indian Overseas Bank (IOB) for apathetically refusing to roll back a decision to transfer an employee to Chennai on promotion, even though the employee was willing to give up the promotion to take care of her disabled child in Mumbai.   A Bench of...

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Moneylife Digital Team 10 January 2025
Larsen & Toubro (L&T) chairman SN Subrahmanyan ignited a heated debate after suggesting that employees should work 90 hours a week, including Sundays, to remain competitive. His remarks, shared in a video message to employees, have drawn widespread criticism on social media. Not long ago,...

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The mantra is repeated often, and with unfailing regularity – “The only permanent feature of the marketplace is change”. And another variation – “Change is permanent”. Management gurus are never tired of repeating these – and students of management seem to be never tired of hearing them....

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Moneylife Digital Team 03 January 2025
The insurance regulatory and development authority of India (IRDAI) has directed that claim settlement should be done immediately or within an hour to ensure no delay in discharge from the hospital. However, six in ten health insurance policy owners surveyed who filed a claim in the past three...

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Moneylife Digital Team 31 December 2024
Reserve Bank of India (RBI) has flagged increased stress in the microfinance sector, with rising delinquencies across all types of lenders and ticket sizes. While delinquency levels in consumer credit remained stable for banks and non-banking financial companies (NBFCs), rising impairment can...

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Moneylife Digital Team 30 December 2024
While the total number of employees of private sector banks surpassed that of public sector banks (PSBs) during FY23-24, their attrition has increased sharply over the past three years, with an average attrition rate of around 25%, according to data released by Reserve Bank of India (RBI)....

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Moneylife Digital Team 27 December 2024
The Reserve Bank of India (RBI) has raised concerns about the growing risks associated with unsecured lending and private credit markets, urging heightened vigilance amidst a cooling credit growth environment. In its annual report on Trends and Progress of Banking in India 2023-24, RBI...

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Moneylife Digital Team 26 December 2024
The central consumer protection authority (CCPA) has imposed penalties totalling Rs15 lakh on three coaching institutes for making misleading advertisements about their success rates in the Union Public Service Commission (UPSC) civil services examinations in 2022 and 2023.   Vajirao & Reddy...

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Moneylife Digital Team 20 December 2024
State-run Life Insurance Corporation of India Ltd (LIC) has over 1.62mn (million) claims that are not claimed or are outstanding with a value of Rs3,726.80 crore during the past five years since FY19-20, the government told the Lok Sabha.    In a written reply, Pankaj Chaudhary, minister of...

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Moneylife Digital Team 16 December 2024
Holding the Life Insurance Corporation of India (LIC) responsible for the delay in sending monthly premium mandated through the electronic clearing system (ECS) and calculating the grace period from the premium due date, the national consumer disputes redressal commission (NCDRC) directed LIC...

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India’s credit recovery legislations have been unmitigated failures. Until 1985, for credit recovery from non-performing assets (NPAs), the courts of law would take eons to dispose the recovery petitions. The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), which was the first...

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Moneylife Digital Team 13 December 2024
The Union ministry of labour (MoL) is enhancing its information technology (IT) infrastructure to improve service delivery. The ministry is also streamlining provident fund (PF) claim settlement and, from next year, the PF-holder or claimant will be able to access or withdraw claims from...

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Shrirang V Samant 06 December 2024
Disruption is a favourite word for management consultants and there are various opinions about the efficacy of disruptive changes in a business. The trigger for a planned disruption is normally the performance challenges a business or even an industry faces. Regulatory disruptions fall into a...

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Moneylife Digital Team 06 December 2024
Holding Tata AIA Life Insurance Co Ltd responsible for mis-selling policies with 10-year premium liability as a one-time premium to a low-income family, the national consumer disputes redressal commission (NCDRC) directed the insurer to refund the premium of Rs2.47 lakh with an interest of 9%pa...

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Moneylife Digital Team 05 December 2024
Brian Thompson, the chief executive officer (CEO) of UnitedHealthcare, the world's largest healthcare company by revenue, was shot and killed in a brazen and targeted attack outside a Manhattan hotel where the health insurer was holding its investor conference, police says setting off a massive...

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Moneylife Digital Team 29 November 2024
Holding State Bank of India (SBI) responsible for not personally informing the borrower about withdrawing free personal accident insurance cover, the national consumer disputes redressal commission (NCDRC) directed SBI to waive the home loan outstanding of Rs14.30 lakh and pay Rs75,000 as...

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