PERSONAL FINANCE


Moneylife Digital Team 13 March 2025
Expressing concern over how homebuyers in the National Capital Region (NCR) have been held 'to ransom', the Supreme Court has hinted at ordering a central bureau of investigation (CBI) probe into an alleged nexus between real estate developers and banks through subvention schemes for various...

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The corporate boards in the recent weeks are feeling nervous where no goods and services tax (GST) demand of any substantial sum has been received by the company!    GST demand is an affirmation that an entity is carrying on a bona fide business, that it is not a zombie or a fake, like,...

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KBS Sidhu 07 March 2025
Amitabh Kant, former chief executive officer (CEO) of NITI Aayog and India’s G20 Sherpa, recently suggested that Indians should work 80-90 hours a week to propel the country toward a US$30 trillion economy. This remark follows closely on the heels of Infosys founder Narayana Murthy’s call for a...

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Meera Emmanuel (Bar  and   Bench) 05 March 2025
The Karnataka High Court recently called for making laws simpler, while deciding on whether an insurance policy holder's legal heirs can be excluded from claiming insurance benefits if others have been named nominees for the insurance policy (Neelavva @ Neelamma v. Chandravva @ Chandrakala @...

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Sponsored Post 04 March 2025
Do you want to attend your dream university but can't afford the high costs? Don't worry; education loans enable aspiring students like you to bridge the financial gap and gain quality education without breaking the bank. These loans cover tuition, living expenses, and other education costs so...

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Sponsored Post 03 March 2025
Unit-Linked Insurance Plans (ULIPs) have become quite popular in the past few years as they give both insurance coverage and investment. There may come a time in your life, however, when it might be best for your financial goals to consider the option of surrendering the ULIP plan. This guide...

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Moneylife Digital Team 28 February 2025
India's insurance sector is bracing for a protracted legal confrontation with tax authorities after the goods and services tax (GST) adjudicating authority (AA) recently confirmed a Rs2,400 crore demand against HDFC Life Insurance. This ruling could establish a precedent that might push the...

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Sahyaja MS (Bar  and   Bench) 28 February 2025
The Bombay High Court on Friday issued notice to Union Bank of India and the Reserve Bank of India (RBI) in response to a petition filed by industrialist Anil Ambani challenging the classification of his loan account as fraud.   The loan account is linked to the insolvency-bound Reliance...

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Moneylife Digital Team 28 February 2025
Technicolor group, the owner of Oscar-winning visual effects companies MPC and The Mill, and feature animation company Mikros Animation, has begun to shut down operations, threatening the jobs of thousands of artists worldwide, says a report from CG Channel. The report cites a memo sent to...

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Bhavini Srivastava (Bar  and   Bench) 27 February 2025
The Delhi High Court recently rejected a defamation case filed by online legal education company LawSikho against four individuals who had put out tweets on X criticising the quality of their law courses [Addictive Learning Technology Limited & Anr v. Aditya Garg & Ors].   Justice Manmeet...

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Moneylife Digital Team 26 February 2025
A special central bureau of investigation (CBI) court has sentenced five individuals, including a former divisional manager (DM) of United India Insurance Company Ltd (UIICL) and two directors of two insurance brokers, to five years of rigorous imprisonment in connection with a fraudulent...

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SN Thyagarajan (Bar  and   Bench) 26 February 2025
The National Company Law Tribunal (NCLT), New Delhi, on February 25, admitted Ansal Properties and Infrastructure Limited (APIL) to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016, on a petition filed by IL&FS Financial Services Limited...

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It is often said that when a woman says ‘maybe’, she means ‘yes’; and when she says ‘no’ she means ‘perhaps’. However, this is not the kind of guideline that we can use in the corporate world. In this complex environment, there are many other verbal and tacit methods of saying ‘yes’, ‘perhaps’...

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Uttara Vaid 20 February 2025
On 1 April 2024, the Indian government introduced significant amendments to the Public Liability Insurance Act (PLIA) through the Jan Vishwas Act, followed by further amendments to the Rules on 17 December 2024. These changes have substantially increased insurance coverage limits and...

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Moneylife Digital Team 20 February 2025
The insurance regulatory and development authority of India (IRDAI) has constituted a seven-member committee, chaired by Dinesh Khara, former chairman of the State Bank of India (SBI), to review proposed amendments to the Insurance Act of 1938 and recommend a regulatory framework for their...

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Moneylife Digital Team 20 February 2025
Coming down heavily on UIB Insurance Brokers Pvt Ltd for repeatedly failing to remit insurance premiums and failing to protect policyholders' interests, the insurance regulatory and development authority of India (IRDAI) has imposed a penalty of Rs1 crore on the insurance broker. The fine comes...

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Moneylife Digital Team 17 February 2025
Union finance minister (FM) Nirmala Sitharaman says the government have asked insurance companies to extend the free-look period for insurance policies to one year from the existing one month.    Speaking with media in Mumbai, Ms Sitharaman says, "People can return policy within one year for...

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In November 2023, the Supreme Court ruled that for a fire insurance claim, if the insurer is not found to be responsible for starting the fire, then identifying the precise cause of the fire is not necessary. Since then, the insurance companies are under obligation to uphold the insurer’s terms...

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Moneylife Digital Team 13 February 2025
The Indian government is planning to bring various national pension schemes (NPS) under one umbrella in the days to come.   Replying to supplementary questions in the Rajya Sabha, Union minister for labour and employment Dr Mansukh Mandaviya says there are several pension schemes available...

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Moneylife Digital Team 11 February 2025
Financial creditors have recovered Rs3.58 lakh crore through 1,119 cases under the liquidation process of the national company law tribunal (NCLT) since the implementation of the Insolvency and Bankruptcy Code (IBC) on 1 June 2016, the Union government informed the Rajya Sabha. However, the...

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