DAILY NEWS: OUR PICKS


Moneylife Digital Team 13 June 2024
Due to the complex nature of our jobs and other commitments in life, it may not always be possible for committee members of a cooperative housing society (CHS/Society) to be physically present for routine meetings. In fact, during the COVID-19 pandemic, the commissioner and registrar for...

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Moneylife Digital Team 13 June 2024
Securities and Exchange Board of India (SEBI) has levied a fine of Rs2 lakh following an adjudication order scrutinising the trading practices of specific entities associated with Ascom Leasing and Investments Ltd (noticee). This order investigates explicitly the misclassification of Saffron...

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Moneylife Digital Team 12 June 2024
The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs1 crore each on Pradeep Pandya, former markets editor of CNBC Awaaz, and Alpesh Vasanji Furiya, a technical analyst, for engaging in fraudulent trading activities. The penalties follow a comprehensive investigation...

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Moneylife Digital Team 12 June 2024
The financial intelligence unit-India (FIU-IND) has slapped a penalty of over Rs1.66 crore on Axis Bank for 'failing' to detect a fraud account in the name of the National Security Guard (NSG), the country's counter-terrorist commando force. According to FIU-IND, the lender failed to establish...

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Moneylife Digital Team 12 June 2024
Taking cognizance of corporate governance issues at PTC India Financial Services Ltd (PFS), market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on Pawan Singh, former managing director and chief executive officer (MD&CEO) and Rs10 lakh on Rajib...

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Moneylife Digital Team 12 June 2024
Johnson & Johnson (J&J) has agreed to pay US$700mn (million) to settle an investigation by 42 US states and Washington DC into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer, says a news report.   According to a report from Reuters, the...

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Moneylife Digital Team 12 June 2024
Steel processing industry is set to grow with healthy demand from end-user industries like automobiles, construction, power and oil & gas. Government emphasis on electric vehicles (EVs), including buses, is visible with new orders. The government is focusing on Gati Shakti, Jal Jeevan programme...

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Debayan Roy (Bar  and   Bench) 12 June 2024
The Supreme Court on Wednesday asked the Delhi government to file a report on the steps taken to tackle "water tanker mafias" who appeared to be diverting water supply meant to tackle the ongoing water crisis in Delhi.   A Vacation Bench of Justices Prashant Kumar Mishra and Prasanna B Varale...

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Gursimran Kaur Bakshi (The Leaflet) 12 June 2024
The three new criminal laws Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS), and Bharatiya Sakshya Adhiniyam (criminal laws), set to replace the Indian Penal Code, 1860; Code of Criminal Procedure, 1973 and the Indian Evidence Act, 1872 respectively, are due to come into...

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Moneylife Digital Team 12 June 2024
Securities and Exchange Board of India (SEBI) has launched a free, voluntary online certification exam for investors. This initiative, developed in collaboration with the National Institute of Securities Markets (NISM), aims to help investors test and enhance their knowledge of markets and...

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Moneylife Digital Team 11 June 2024
Mohan Bhagwat, the ‘sarsanghchalak’ (head) of the Rashtriya Swayamsevak Sangh (RSS), has expressed concern over peace eluding in Manipur even after one year of violence. "The situation in the strife-torn Northeastern state must be considered with priority," the RSS chief said. He also...

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Moneylife Digital Team 11 June 2024
As many as 28 ministers out of the 71 in the National Democratic Alliance (NDA) government led by Narendra Modi government have criminal cases against them, with 19 of them facing serious charges such as attempted murder, crimes against women and hate speech, shows an analysis by Association of...

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Moneylife Digital Team 11 June 2024
As part of the Union government's continuity effort, four high-profile ministers in prime minister (PM) Narendra Modi's new government, Amit Shah, Rajnath Singh, Nirmala Sitharaman and S Jaishankar retained their old portfolios of home affairs, defence, finance and external affairs,...

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Debayan Roy (Bar  and   Bench) 11 June 2024
The Supreme Court on Tuesday refused to stay the counselling for admissions of students to the medical colleges over alleged paper leak and irregularities in the National Eligibility cum Entrance Test (NEET) undergraduate (UG) examination 2024.    A vacation bench of justice Vikram Nath and...

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The central public information officer (CPIO) of the Lok Sabha Sansad Bhawan filed a writ petition against the central information commissioner (CIC) because he directed on what action should be taken by parliamentarians to make the members of Parliament local area development scheme (MPLADS)...

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Moneylife Digital Team 11 June 2024
Urging an independent and thorough investigation of the Gharkopar hoarding collapse case, several non-government organisations (NGOs) and prominent citizens from Mumbai have demanded the immediate removal of all illegal and unstable hoardings, signboards and electric signages in the Mumbai...

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Moneylife Digital Team 11 June 2024
Securities and Exchange Board of India (SEBI) has released a consultation paper inviting public feedback on proposed revisions to the eligibility criteria for stock derivatives. According to SEBI, this move is designed to bolster market integrity and investor protection in response to...

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Moneylife Digital Team 11 June 2024
The Union Cabinet has decided further to expand the Pradhan Mantri Awas Yojana (PMAY) and construct three crore additional houses in rural and urban areas. This was the first meeting of the Union Cabinet of Modi 3.0 government.    Calling the decision as a boost for ease of living and dignity...

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Moneylife Digital Team 11 June 2024
Global manufacturers are looking to diversify their sourcing due to supply-chain disruptions and uncertainty in China. India offers strong alternatives with scale, technology, raw materials and supportive government policies. The chemicals sector in India is well-positioned to benefit from this...

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Moneylife Digital Team 11 June 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs2.75 lakh on three cooperative banks and India Home Loan Ltd, a housing finance company (HFC), for non-compliance with the directions issued by the banking regulator.   The cooperative banks penalised by RBI are: Angul United Central...

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