POPULAR


Moneylife Digital Team 15 October 2020
The merger of Union Bank of India with Andhra Bank and Corporation Bank in April 2020 has eroded its capital buffers. Tough operating conditions will further strain the Bank's already weak capitalisation, says S&P Global Ratings.   In a note, it says, "We anticipate Union Bank's...

Read More



The Supreme Court on Wednesday told the Centre that the common man's Diwali is in the government's hands, as it sought implementation of the decision to waive interest-on-interest for loans up to Rs2 crore for eight categories.   The top court gave time till 2nd November to the Centre...

Read More



Sucheta Dalal Sucheta Dalal 13 January 2021
Consider the irony. On the one hand, fixed deposit (FD) and non-convertible debenture (NCD)-holders are on the verge of losing a significant chunk of their tax-paid, hard-earned savings in Dewan Housing & Finance Ltd (DHFL), because they relied on dubious and falsely high credit ratings. On...

Read More



Petrol and diesel prices have become more expensive for the common man with oil marketing companies raising pump prices by 60 paise per litre on Thursday.   The auto fuel prices have now risen five days in a row with petrol prices increasing by Rs2.74 and diesel by Rs2.83 per litre...

Read More



Vitamin K, a nutrient found in leafy greens and vegetable oils, may have protective health benefits as we age and directly affect longevity in older adults, a new multi-ethnic study has found.   Published in The American Journal of Clinical Nutrition, the study reports that older...

Read More



In a major relief to thousands of individuals and MSME borrowers, the Centre in an affidavit informed the Supreme Court that it has taken a decision to waive "interest on interest" on loans up to Rs two crore during the six-month moratorium period.   The affidavit said the only...

Read More



Yogesh Sapkale Yogesh Sapkale 11 January 2021
In a bizarre situation, company secretaries (CS') and chartered accountants (CAs) from around the country have been desperately seeking an extension of time and some relief from filing compliance reports with the MCA21 portal of the ministry of corporate affairs (MCA), as the portal has been...

Read More



IANS 01 September 2020
Two major regulatory changes have kicked in for stock market investors from Tuesday (1st September), including the method of pledging stocks and upfront margin requirements for stocks and futures and options (F&Os).   Under the new margins system, there will be a bunch of changes with...

Read More



IANS 30 September 2020
In a major relief for taxpayers, the Centre on Wednesday announced extension of the due date for filing income tax returns for assessment year 2019-20 by a couple of months to November 30, 2020.   The decision has come in the wake of many taxpayers facing difficulty in filing their...

Read More



The Centre on Monday informed the Supreme Court that beleaguered business tycoon Vijay Mallya's extradition case is over, but some "secret" proceedings is on in the UK and government is not a party to it, which is delaying his extradition to India.   Solicitor General Tushar Mehta,...

Read More



IANS 25 September 2020
The Central Board of Direct Taxes (CBDT) on Friday launched the Centre's much-publicised reform measure of faceless income tax appeals.   Under faceless appeals, all income tax appeals will be finalised online under the faceless ecosystem with the exception of appeals relating to...

Read More



Maya M 24 February 2021
When a person dies intestate (without leaving a will), the transfer of certain assets to the heirs of the deceased requires a legal heir certificate, and in a few States a probate, in order to establish their claim.    Mumbai-based lawyer Siddhartha Shah says “A number of other...

Read More



Moneylife Digital Team 31 December 2020
“The pool account of Karvy Stock Broking Ltd (Karvy) is nothing but a common account. If an investor has shares, which were purchased from Karvy as a broker, he would also have their contract notes. So, now instead of chasing and discussing Karvy’s pool account, the investor should work...

Read More



Moneylife Digital Team 17 December 2020
Several bodies representing chartered accountants (CAs) from across the country have requested finance minister (FM) Nirmala Sitharaman to extend the deadlines for filing returns for income-tax (I-T), goods and services tax (GST) and other audit forms in view of the hardships caused by the...

Read More



Moneylife Digital Team 13 October 2020
Securitisation transactions plunged 80% to just over Rs20,000 crore by value in the first half of the current fiscal, following the COVID-19 pandemic and the moratorium on loan repayments allowed thereafter, says a note from ratings agency CRISIL, adding since September, however, number of...

Read More



Maya M 12 January 2021
In an alarming development for retail investors of Kolkata-based non-banking finance company (NBFC), SREI group has apparently frozen interest payments and redemptions of its non-convertible debentures (NCD) from 1 January 2021 to 30 June 2021. This is the result of an order from the National...

Read More



Moneylife Digital Team 28 September 2021
The resolution process of the beleaguered Dewan Housing Finance Ltd (DHFL), apparently in its final stages, is causing a lot of anxiety among investors. While holders of non-convertible debentures (NCDs) are expected to be repaid in a couple of days, the unexplained debits and credits in...

Read More



Moneylife Digital Team 06 October 2020
Independent corporate governance research and proxy advisory firm Stakeholders Empowerment Services (SES) has released a detailed note which explains how Hindustan Zinc Ltd (HZL) has not paid dividend to Vedanta shareholders in violation of its own dividend distribution policies...

Read More



Vivek Velankar 30 November 2020
RTI activist, Vivek Velankar has been running a vigorous campaign in Pune to unearth information from big nationalised banks on large loan write-offs, exceeding Rs100 crore each. He covered 12 public sector banks (PSBs) in this mission and the results are staggering. Clearly, PSBs have little...

Read More



Moneylife Digital Team 07 November 2020
Pensioners who get their due pension through Pension Disbursing Authorities (PDAs) such as the bank or the post offices are required to furnish a 'life certificate' or Jeevan Praman Patra' to these PDAs once every year. This life certificate is submitted either by presenting themselves...

Read More

Free Helpline
Legal Credit
Feedback