NATION


A Special court here on Monday sentenced former Coal Secretary H.C. Gupta to three years imprisonment and former Joint Secretary K.S. Kropha to two years jail term in a case related to the allocation of the Lohara East Coal block in Maharashtra.   Special CBI Judge Arun Bhardwaj also...

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After unearthing the use of industrial alcohol in the illicit liquor manufacturing, the Rajkot Municipal Corporation (RMC) health officers have detected another scam. Industrial grade maize starch and chemical grade citric acid were being used for making snacks for devotees fasting in the...

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Indira Jaising (The Leaflet) 04 August 2022
As the Supreme Court prepares to frame questions for adjudication in the ongoing case involving Shiv Sena’s tug of war, the real issues need to be delineated.  ———- At the hearing of the Maharashtra political stalemate before the Supreme Court bench comprising the Chief Justice of...

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While digitisation of payments and banking undoubtedly has benefited common people and the government, financial fraud has been on the rise, with nearly 42% of Indians becoming victims in the past three years, a new report showed on Thursday.   In the past three years, only 17% of...

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A total of 18 emergency landings were reported by various airlines in India during the last two years, the Civil Aviation ministry told the Lok Sabha on Thursday.   Recently on July 2, a plane operating from Delhi to Jabalpur was forced to return after the crew noticed smoke in the...

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The Enforcement Directorate (ED) on Wednesday said that they have attached balances of Rs 105.32 crore, lying in various bank accounts and with payment gateway accounts, of 12 NBFCs, namely Inditrade Fincorp Ltd, Aglow Fintrade Pvt Ltd and others and their associated fintech companies in...

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Sonali Ahuja (The Leaflet) 03 August 2022
On 1st August, a bench at the Supreme Court comprising Justices Hemant Gupta and Vikram Nath set aside the Allahabad High Court’s 2019 order which had found the Uttar Pradesh government’s 1999 order disqualifying persons with locomotor disability from applying for the posts of sweepers as...

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The income-tax (I-T) department has said that its searches on a leading business group in Gujarat, engaged in textiles, chemicals, packaging, real estate and education sector, has led to detection of unaccounted transactions involving over Rs1,000 crore so far.   The searches,...

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Meta-owned WhatsApp banned more than 22 lakh bad accounts in India in the month of June in compliance with the new IT Rules, 2021, the company said on Tuesday.   The platform had banned over 19 lakh bad accounts in the country in May.   The messaging platform also received 632...

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Moneylife Digital Team 01 August 2022
While the prices of liquified petroleum gas (LPG) are increasing unabated, the subsidy given on the refill has come down to just Rs242 crore (provisional) in FY21-22 from Rs37,209 crore in FY18-19, the Union government informed the Rajya Sabha.    Data shared by Rameswar Teli,...

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A special court in Mumbai on Monday sent Shiv Sena MP Sanjay Raut to the custody of the enforcement directorate (ED) for three days, till Thursday, in a money laundering case arising out of the Patra Chawl land scam. Special PMLA (Prevention of Money Laundering Act) court judge MG...

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Moneylife Digital Team 30 July 2022
Prime minister (PM) Narendra Modi laid the foundation stone of the headquarters building of the International Financial Services Centres Authority (IFSCA) in GIFT City at Gandhinagar.   He also launched National Stock Exchange of India Ltd (NSE) and Singapore Exchange (SGX Group)'s...

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Moneylife Digital Team 29 July 2022
As many as 582,000 people lost their lives in accidents in four years up to 2020 as per the data received from police department of all states/UTs, though the number of deaths have decreased down the years, the Parliament was told on Thursday.   In 2017, 464,910 accidents left 147,913...

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Moneylife Digital Team 29 July 2022
A special central bureau of investigation (CBI) court has convicted Harish Chandra (HC) Gupta, former Union secretary of coal, Kuljeet Singh (KS) Kropha, former joint secretary, Nagpur-based Grace Industries Ltd and the company director Mukesh Gupta in the coal block allocation scam. The case...

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In a significant order, the Bombay High Court (HC) has directed the Mumbai suburban district collector to initiate demolition of 48 obstacles like buildings and other structures in the vicinity of Chhatrapati Shivaji Maharaj International Airport (CSMIA) for violating height restrictions and...

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Justice Yatindra Singh (Retd) (The Leaflet) 29 July 2022
If the procedure is fair, the end result is fair; that is the end of the matter. Otherwise, judging becomes a complex matter. —– JUDGING or dispensing justice is a complex issue – it is difficult to define.   American judge Billings Learned Hand narrates a conversation with...

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Moneylife Digital Team 28 July 2022
An analysis of kharif food grain output and monsoon rainfall for FY96-97-FY20-21 by India Ratings and Research (Ind-Ra) shows that the resilience of the agriculture sector, particularly to deficient rainfall, has increased over the years. It is mainly due to the increased irrigation-intensity...

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The Supreme Court on Wednesday affirmed the stringent provisions of Prevention of Money Laundering Act (PMLA) in connection with definition of the proceeds of crime, power of arrest, search and seizure, attachment of properties and also the twin bail conditions. The top court said stringent...

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The enforcement directorate (ED) has apprised the Delhi High Court (HC) that their investigations revealed that Zhengshen Ou and Zhang Jie, shareholders of Chinese phone-maker Vivo, used forged driving licences.   As per the Prevention of Money Laundering Act (PMLA) probe by the...

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Moneylife Digital Team 25 July 2022
The enforcement directorate (ED) has taken up around 24,893 cases for investigation under the provisions of the Foreign Exchange Management Act, 1999 (FEMA) and has recorded around 3,985 cases under the Prevention of Money Laundering Act 2002 (PMLA) over the past 10 years, the Union...

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