ECONOMY & NATION


Moneylife Digital Team 07 September 2021
A special bench headed by chief justice NV Ramana told the Union government that the Supreme Court is not keen on having a confrontation, but its patience is running out on delay in filling up vacancies at critical tribunals. Around 250 posts are lying vacant at various key tribunals, such as...

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Moneylife Digital Team 07 September 2021
Federation of Automobile Dealers Associations (FADA) has warned of a lacklustre festive season, especially for dealers of passenger vehicles (PVs), as inventory level continues to dip due to the non-availability of the fast-moving variants.   In a release, Vinkesh Gulati, president of...

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IANS 07 September 2021
Vodafone Idea's severe financial crisis may result in higher impact on the tower industry.   An ICRA report said that Vodafone Idea Ltd (VIL) has been under financial stress as reflected by mounting losses and burgeoning debt levels, which is likely to impact its financial lenders as...

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Yogesh Sapkale Yogesh Sapkale 06 September 2021
Due to the short supply of semi-conductor chips, auto-makers from across the globe are downsizing production. Many original equipment manufacturers (OEMs) like Mahindra & Mahindra Ltd (M&M), Maruti Suzuki India Ltd, MG Motor India Pvt Ltd and the Renault Nissan Alliance have either cut down...

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Moneylife Digital Team 06 September 2021
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs50 lakh on Bombay Mercantile Co-operative Bank for non-compliance concerning certain regulatory directions.   Bombay Mercantile Co-operative Bank has been charged for non-compliance with directions issued by RBI...

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Moneylife Digital Team 06 September 2021
The Supreme Court on Monday directed the National Company Law Appellate Tribunal (NCLAT) to hear within two months an appeal filed by 63 moons technologies ltd (63 moons) against Piramal Capital and Housing Finance Ltd's resolution plan for troubled mortgage lender Dewan Housing Finance Ltd...

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Moneylife Digital Team 06 September 2021
Keshav Desiraju, former Union secretary for health and the grandson of India’s former president Dr Sarvepalli Radhakrishnan, passed away in Chennai on Sunday. The 66-year-old former officer from the Indian Administrative Service (IAS) suffered a cardiac arrest.    After retirement, Mr...

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IANS 06 September 2021
The faceless scheme was expected to give a facelift to the tax administration in the country providing taxpayers the convenience of filing returns online with least physical interface. As it turns out now that the automation drive of the Income Tax (I-T) Department has gone completely awry...

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IANS 06 September 2021
Is the bureaucracy frustrating and sabotaging a cleaning drive in the finance ministry?   The issue has gained traction as a former Secretary-level officer was in a quagmire due to his questionable relations with an advocate.   The incident had put a crucial finance ministry...

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Moneylife Digital Team 03 September 2021
The Central Board of Direct Taxes (CBDT) has notified a new rule that mandates senior citizens above 75 years to submit form 12BBA for claiming the benefit of not filing an income tax return (ITR) under section 194P.   The board has notified a new rule 26D, under which senior citizens...

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Subhash Narayan (IANS) 02 September 2021
The oil price rise may have hit the fuel consumers hard, but it is the oil companies that have made the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.   At the current prevailing high fuel price levels in the...

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Moneylife Digital Team 02 September 2021
The Madras High Court (HC), while dismissing a case against IL&FS Transportation Networks India Ltd (ITNL) and its former directors Ravi Parthasarathy, Hari Sankaran and Ramchand Karunakaran, has asked the company’s debenture-holders to approach the Serious Fraud Investigation Office (SFIO)....

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Kavita Gill 02 September 2021
Today, with the advent of technology, most sectors, including the banking industry, have become digitally empowered. The Indus Digi-Start savings account by IndusInd Bank is an attempt to modernise the experience of banking and make it much more convenient and user-friendly.   With a...

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IANS 02 September 2021
The Madras High Court on a representation of the non-life insurance sector body, the General Insurance Council, has kept its earlier order in abeyance on the compulsory bumper-to-bumper insurance cover for five years for all new cars and two wheelers.   Last month, the Madras High...

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IANS 01 September 2021
The Election Commission on Wednesday urged the Supreme Court to grant urgent hearing on its plea alleging EVMs (electronic voting machines) and VVPAT (voter verifiable paper audit trail) machines used in polls of six states are currently stuck and cannot be used for future...

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Md Waquar Haider (IANS) 01 September 2021
Despite India banning certain popular Chinese apps in the wake of border skirmishes with China last year, some of those apps are still present, and thriving, in the country with different names.   Last year, the government had banned 267 Chinese apps using the provision of Section 69A...

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Moneylife Digital Team 01 September 2021
In a significant order, the Mumbai bench of the National Company Law Tribunal (NCLT) has asked the authorities to freeze the assets of Videocon group's erstwhile promoters, including Venugopal Dhoot, his brother Pradipkumar Dhoot, son Anirudh and other former key managerial personnel (KMP)....

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Easing Covid restrictions, along with pent-up demand, accelerated output of India's eight major industries in July on a year-on-year basis.   The Index of Eight Core Industries (ICI) readings for the last month showed an expansion of 9.4 per cent from a decline of 7.6 per cent in...

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Moneylife Digital Team 31 August 2021
In March last year, the National Stock Exchange (NSE) announced the expulsion of the New Delhi-based Goldstreet Securities Ltd under rules 1 and 2 of chapter IV of the rules of the Exchange, through a public notice. NSE told Moneylife, “Since there were certain issues noticed with Goldstreet...

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Moneylife Digital Team 31 August 2021
Confident of air traffic growth in the long term, private airport operators will spend around Rs42,000 crore on capacity expansion over the next five years through fiscal 2026. According to a research note, that is more than double the capital expenditure (capex) they incurred in the previous...

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