DAILY NEWS: OUR PICKS


Moneylife Digital Team 21 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System (NPS) Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on...

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Moneylife Digital Team 21 February 2024
While upholding orders passed by the Gautam Buddha Nagar district consumer disputes redressal forum and the Uttar Pradesh state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed IFFCO-Tokio General Insurance Company Ltd to pay...

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IANS 21 February 2024
Credit rating agency ICRA on Wednesday said India’s gross domestic product (GDP) would grow at 6% in Q3FY23-24 from 7.6% in Q2FY23-24.   Further, the Gross Value Added (GVA) growth is estimated to ease to 6% in Q3FY23-24 from 7.4% in Q2FY23-24,, driven by the industrial and...

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IANS 21 February 2024
RBI (Reserve Bank of India) economists, in a report released on Tuesday, rejected the IMF (International Monetary Fund) view that India’s debt-GDP (gross domestic product) ratio has the potential of shooting past 100% if historical shocks materialise and, hence, the country needs to go cut...

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IANS 21 February 2024
Eminent constitutional jurist and senior advocate Fali S Nariman passed away here on Wednesday. He was 95.   Mr Nariman argued several landmark cases, including the famous NJAC (National Judicial Appointment Commission Act) verdict. He also appeared in the important SC (Supreme Court)...

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IANS 21 February 2024
Ameen Sayani, the iconic radio personality, passed away at the age of 91 due to cardiac failure. He suffered a heart attack on Tuesday evening after which he rushed to HN Reliance Hospital in Mumbai.   He reportedly suffered a heart attack on Tuesday at 6:00 p.m. The doctors at the...

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Moneylife Digital Team 20 February 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Oriental Insurance Co Ltd to pay Rs2,73,000 with an interest of 9%pa (per annum) as cost for knee replacement treatment. NCDRC categorically stated that Oriental Insurance failed...

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IANS 20 February 2024
Setting aside the election of the BJP candidate as declared by the returning officer (RO), the Supreme Court (SC) on Tuesday declared AAP councillor Kuldeep Kumar as the mayor of Chandigarh municipal corporation during the hearing on the contentious Chandigarh mayoral election...

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IANS 20 February 2024
In total, 243 companies were listed on Indian bourses in the year ended 31 December 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data.   The aggregate transaction value of the IPOs in 2023, however, fell more than 9% to US$7.10bn...

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IANS 20 February 2024
A political slugfest has erupted in West Bengal over chief minister (CM) Mamata Banerjee’s allegation that the Union government is deliberately deactivating the Aaadhar cards of around 60 citizens of the state.   Referring to the complaints from 60 individuals from different parts of...

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Moneylife Digital Team 20 February 2024
The Insolvency and Bankruptcy Board of India (IBBI) has suspended for two years the registration of insolvency professional (IP) Sanjay Kumar Singh for contravening the applicable provisions of the Insolvency and Bankruptcy Code (IBC) and regulations on conducting an auction for the sale of...

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IANS 20 February 2024
The Maharashtra Legislative Assembly unanimously passed the Maratha Reservation Bill giving 10% quotas to the community in education and government jobs, here on Tuesday.   The Bill was introduced in the assembly at the special session of the legislature this afternoon and chief...

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Moneylife Digital Team 20 February 2024
Olectra Greentech Limited (Olectra), a subsidiary of Megha Engineering and Infrastructures Limited (MEIL), makes electric buses (e-buses) (92% of revenues) and composite polymer insulators (98%). Olectra has more than seven years of experience in manufacturing seven-metre, nine-metre and...

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IANS 20 February 2024
A forger here fell into the hands of a vigilant officer who detected a spelling mistake on the passport.   The accused was identified as Darshan Kaur (54), an Indian National, and a resident of Barnala in Punjab. She had arrived at the Delhi Airport by Batik Air flight from Malaysia...

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IANS 20 February 2024
China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis, a media report said.   The People’s Bank of China (PBoC) announced on Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2 per...

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Moneylife Digital Team 19 February 2024
Upholding orders passed by fora below and holding the State Bank of India (SBI) responsible for deficiency in service twice, the national consumer disputes redressal commission (NCDRC) directed SBI to pay Rs3.60 lakh fraudulently withdrawn from a pensioner-customer's account using cloned ATM...

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Moneylife Digital Team 19 February 2024
While grilling Anil Masih, the returning officer (RO) for the Chandigarh municipal polls for making marks on the ballot papers, the Supreme Court (SC) warned he could be prosecuted if he made any attempts to lie to the SC.    A bench of chief justice of India (CJI) DY Chandrachud,...

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Moneylife Digital Team 19 February 2024
As many as over 2.08mn (million) investors of PACL Ltd, with a claim of up to Rs19,000, have been paid over Rs1,021 crore, says market regulator Securities and Exchange Board of India (SEBI).   The justice RM Lodha committee is supervising the Supreme Court (SC)-ordered process of...

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Moneylife Digital Team 19 February 2024
Terming the arrest of ICICI Bank's former managing director and chief executive officer (MD&CEO) Chandar Kochhar and her husband Deepak Kochhar as an 'abuse of power' by the central bureau of investigation (CBI), the Bombay High Court (HC) says the arrest was 'without application of mind and...

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IANS 19 February 2024
The Bureau of Civil Aviation Security (BCAS) has directed seven airlines to ensure that delivery of last baggage is made within 30 minutes as per the Service Quality Requirements of Operation, Management and Delivery Agreement (OMDA).   The BCAS has directed the airlines to implement...

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