PERSONAL FINANCE


Moneylife Digital Team 07 August 2024
More than Rs54,657.87 crore is lying as unclaimed money in inoperative accounts of the employees' provident fund (EPF), reveals information received under the Right to Information (RTI) Act.     An application filed under the RTI Act by Aakash Goel, an engineer, management graduate and...

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Moneylife Digital Team 05 August 2024
Gold loans outstanding of scheduled commercial banks (SCBs) jumped 25.66% or by Rs1.57 lakh crore to Rs7.73 lakh crore, while for non-banking finance companies (NBFCs), it increased 17.25% to Rs1.53 lakh crore, the Union government told the Lok Sabha.   In a written reply, Pankaj Chaudhary,...

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Moneylife Digital Team 03 August 2024
About 700 officers from the Securities and Exchange Board of India (SEBI) in grades A to C are set to stage a protest at the regulator's head office in Mumbai on Monday on many issues, including the newly launched digital management information system (MIS) for key result areas...

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Moneylife Digital Team 02 August 2024
Nitin Gadkari, Union minister of road transport and highways has requested finance minister (FM) Nirmala Sitharaman to withdraw the 18% goods and services tax (GST) on premiums for life and medical insurance.   In his letter to the FM, Mr Gadkari says he received a memorandum from the Nagpur...

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Moneylife Digital Team 02 August 2024
After finding Puja Khedkar guilty of acting in contravention of the provisions of the Civil Services Examination (CSE)-2022 Rules, the Union Public Service Commission (UPSC) has cancelled her provisional candidature for the CSE-2022. She is also debarred permanently from all future examinations...

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Anadi Tewari (Bar  and   Bench) 26 July 2024
The Supreme Court has decided to step in and explore ways to check on unlicenced money lending and aid hapless borrowers who fall prey such unregulated Shylockian money lenders (Raj Kumar Santoshi v. Prashant Malik). Shylockian refers to a hard-hearted moneylender.    Justices CT Ravikumar...

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On a recent visit to the US, I met a young doctor who told me she was a surgeon, and on enquiry, said that she was a surgeon specialised in surgery of the hand. ‘Do you have enough patients to fill your day?’ I asked her. She said there were four such surgeons in the hospital and they were all...

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Debayan Roy (Bar  and   Bench) 23 July 2024
The Supreme Court on Tuesday refused to order a reexamination for the National Eligibility-cum-Entrance Test undergraduate exam for the year 2024 (NEET UG 2024).   A Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra said that the evidence before it...

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Debayan Roy (Bar  and   Bench) 22 July 2024
The Supreme Court on Monday directed the Central government and the National Testing Agency (NTA) to furnish details about the use of question paper set stored at Canara Bank branches for the National Eligibility-cum-Entrance Test undergraduate exam 2024 (NEET UG 2024).   While one set of...

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Moneylife Digital Team 19 July 2024
Taking cognisance of the uproar over deception and discrepancies in the selection and appointment, the Union public service commission (UPSC) initiated action against the controversial Indian Administrative Services (IAS) probationary officer Puja Khedkar. UPSC also initiated criminal...

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Debayan Roy (Bar  and   Bench) 18 July 2024
The Supreme Court on Thursday ordered the National Testing Agency (NTA) to publish the marks obtained by all 23 lakh candidates who took the National Eligibility-cum-Entrance Test undergraduate exam (NEET UG) for the year 2024.    A Bench of Chief Justice of India (CJI) DY Chandrachud and...

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Moneylife Digital Team 18 July 2024
After facing massive backlash on social media and fierce criticism from business leaders, the Karnataka government decided to put on hold a Bill for Kannadigas for reservation in private companies.   In a statement, the chief minister's office (CMO) says, "The Bill approved by the Cabinet to...

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Shashwat Singh (Bar  and   Bench) 17 July 2024
The National Consumer Disputes Redressal Commission (NCDRC) recently directed the Agricultural Insurance Company of India Ltd to refund the premium paid by 61 farmers from Kurnool in Andhra Pradesh, for not disclosing all details of the crop insurance policy to them (K. Krishna Venamma V....

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Moneylife Digital Team 16 July 2024
Puja Khedkar, the 2023-batch officer from the Indian Administrative Services (IAS) cadre, belongs to an influential family and has apparently invited more trouble by pushing very hard and misusing her power during her probation period to gain authority and status. Every day, there are new...

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Moneylife Digital Team 16 July 2024
The Reserve Bank of India (RBI), while revising its master directions on fraud risk management in the regulated entities (REs), directed lenders, including commercial banks, all India financial institutions, cooperative banks and non-banking finance companies (NBFCs),  including housing finance...

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Moneylife Digital Team 13 July 2024
Upholding the orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Bajaj Allianz Life Insurance Company Ltd to pay a balance Rs10.24 lakh to a policyholder as per the schedule of the unit-linked insurance plan (ULIP) equity growth fund policy. The...

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Ten years ago, I had written an article on how many corporate leaders develop an excessive sense of entitlement. That was because I had come across a well-written article on the ‘halo effect’ that is acquired by people when they become leaders. The article elaborated on how they attain a level...

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Moneylife Digital Team 10 July 2024
In a big relief to farmers from Khandwa district in Madhya Pradesh (MP), the national consumer disputes redressal commission (NCDRC) held Bank of Baroda (BoB) and Agriculture Insurance Company of India Ltd responsible for furnishing inaccurate information and not taking timely action to...

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Debayan Roy (Bar  and   Bench) 08 July 2024
There is no doubt that the National Eligibility cum Entrance Test (Undergraduate) exam (NEET ) held on May 5 was compromised by question paper leak, the Supreme Court said on Monday.   However, the Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra...

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Praisy Thomas (Bar  and   Bench) 03 July 2024
The Kerala High Court (HC) recently held that the insurance ombudsman does not have the power to direct an insurance company to renew an insurance policy at a particular premium rate (NS Gopakumar v The Oriental Insurance Company Ltd & anr).   A Division Bench of Justices A Muhammed Mustaque...

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