DAILY NEWS: OUR PICKS


Prachi Salve (IndiaSpend) 07 June 2024
IndiaSpend looked at 35 parliamentary questions on health, education, labour, environment, agriculture, finance, gender and law and justice, between 2015 and 2023, for which the government responded that they had no data. The most common reason, in 17 of the 35 questions, for not providing data...

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Moneylife Digital Team 07 June 2024
Reserve Bank of India (RBI), while revising upwards bulk deposit limits and rationalising export and import regulations, introduced new facilities within the e-mandate framework for recurring payments without fixed periodicity to streamline digital payments.   RBI increased to Rs3 crore from...

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While small cybercriminals continue to attack mostly individuals, more sophisticated and resourceful criminals (read: with money power) target industries using malware and ransomware to exploit vulnerabilities in a company's computer system. For example, in 2023, LockBit, one of the most...

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Indian elections have a major lacuna.   Usually, about 2/3rd of the eligible voters actually vote. If a party gets about 45% + of these votes, it wins a majority.  Therefore, votes from just 30% of the total electorate are enough to win an election.    Is this really a 'popular'...

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Moneylife Digital Team 07 June 2024
As predicted by economists, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its second bi-monthly meeting for FY24-25. Consequently, the Standing Deposit Facility (SDF) rate remains at 6.25%, and the marginal standing facility...

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Discussing a company in the suitcase business appears not ill-timed when a mega election, that would have seen many thousands in operation, just concluded!      VIP Industries Ltd, which has a ubiquitous presence in almost every household in the country, is in the news today for an intriguing...

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Moneylife Digital Team 06 June 2024
Acting on several complaints by shareholders of ICICI Securities, some of whom received calls from ICICI Bank seeking favourable votes for the delisting scheme, market regulator, Securities and Exchange Board of India (SEBI) has issued an administrative warning over the outreach efforts.   In...

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Moneylife Digital Team 06 June 2024
The results of this year's national eligibility-cum-entrance test (NEET) announced by the National Testing Agency (NAT) are full of surprises, including the total number of students who have scored perfect 720 marks, compared with less than five students hitting the mark over the years. Not...

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Moneylife Digital Team 06 June 2024
While upholding orders issued by fora below, the national consumer disputes redressal commission (NCDRC) reiterated that Aditya Birla Sun Life Insurance Co Ltd cannot forcibly impose on the policyholder a pension plan utilising two-thirds of the matured amount of the policy fund for purchasing...

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Abhimanyu Hazarika (Bar  and   Bench) 06 June 2024
The Supreme Court on Thursday took note of the urgency with respect to water shortage in Delhi and directed the Himachal Pradesh government to release 137 cusecs of water to meet drinking water demands of the national capital amid the heatwave that has gripped the states in the north Indian...

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Moneylife Digital Team 06 June 2024
The Indian automobile sector is the third largest and the fastest-growing in the world. The auto industry is valued at US$126.67bn (billion), with projections to reach US$300bn by 2030. The growth of auto market benefits the auto-components industry which contributes 5%-7% to India's gross...

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In a strange case of ignorance of the knowledge of the Right to Information (RTI) Act by the central public information officer (CPIO) about Indians abroad having the right to file e-RTI applications, the central information commissioner (CIC) condoned him, stating that he had no malafide...

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Shirish Shanbhag 06 June 2024
Home-owners often purchase and lease a property to others, as it might be a good way to earn additional income. However, if the property under the lease is located within a cooperative housing society (CHS/Society), then the owner may be liable to pay non-occupancy charges to that...

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Moneylife Digital Team 06 June 2024
Following an order from the Supreme Court, all advertisers and advertising agencies are mandated from 18 June 2024 to submit a 'self-declaration certificate' before publishing or broadcasting any advertisement. The certificate, signed by an authorised representative of the advertiser or...

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Prachi Salve, Nileena Suresh (IndiaSpend) 06 June 2024
The Women’s Reservation Bill allocates 33% of all seats in the Lok Sabha and state legislatures for women. However, only 13% of the Members of Parliament (MPs) elected to the 18th Lok Sabha are women. Of 543 elected MPs, 73 are women, marking a decrease from the 78 women elected to the 17th Lok...

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Moneylife Digital Team 06 June 2024
The ad hoc group of term loan lenders of Byju's Alpha Inc's US$1.4bn (billion) term loans says that certain holders of the term loans and GLAS Trust Company LLC, as administrative agent and collateral agent of the term loans, have filed petitions under chapter 11 of the US Bankruptcy Code to...

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One of the most important tussles in the Mumbai North West constituency saw Amol Kirtikar from Shiv Sena -Uddhav Balasaheb Thackrey (SSUBT) losing by just 48 votes to Shiv Sena's Ravindra Waikar. Surprisingly, the third biggest vote puller in this constituency turned out to be 'None of the...

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Moneylife Digital Team 05 June 2024
Binny Ltd's chairman and managing director (CMD), M Nandagopal, says he has not resigned as CMD of the company, and he does not recollect signing any resignation letter, as claimed by his son Arvind Nandagopal.   In a regulatory filing, the CMD says, "Arvind Nandagopal is claiming that I have...

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Moneylife Digital Team 05 June 2024
To enhance operational efficiency and reduce the risk to clients' securities, market regulator Securities and Exchange Board of India (SEBI) decided to make the process of direct payout of such securities to the client's account mandatory. It will be effective from 14 October 2024, SEBI says in...

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Moneylife Digital Team 05 June 2024
The construction and mining equipment industry has been growing rapidly. This industry is closely linked with major development and infrastructure sectors such as coal and mineral mining, irrigation, road and power projects, ports, steel, cement, fertilisers, etc. It is the primary user of the...

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