ECONOMY & NATION


Finance minister (FM) Nirmala Sitharaman is set to meet fin-tech leaders on 26th February to ‘reassure’ them and address complaints regarding stringent supervision by the Reserve Bank of India (RBI). It will be disappointing if the FM succumbs to pressure in an election...

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The Indian economy is on a roll. Growing consistently post-pandemic, it drew the attention of the United Nations, World Bank, International Monetary Fund (IMF), global rating agencies, NITI Aayog and Reserve Bank of India (RBI) alike and they estimate that India would reach 6.5% growth by...

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Moneylife Digital Team 23 February 2024
The Central Board of Direct Taxes (CBDT), in an order last week, has asked the directorate of income-tax (DIT) (systems) and central processing centre (CPC) to implement, preferably within two months, remission and extinguishment of 'small demands' outstanding as of 31 January 2024. The order...

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KBS Sidhu 23 February 2024
The Core Argument: IAS as Indian Customer Service In September 2018, as a serving Indian Administrative Service (IAS) officer, I had penned an article captioned “IAS has now become the Indian Customer Service” that had been published in a reputed national e-Portal. The thrust of the...

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Moneylife Digital Team 23 February 2024
The directorate of enforcement (ED) has provisionally attached immovable properties totalling Rs13.20 crore in the form of shops in SGS Mall at Pune held by SGS group under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA). The case is related to Rs6,117.93 crore fraud in...

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IANS 23 February 2024
Edtech major Byju’s on Friday said that it has not received any formal intimation of any petition being filed in the National Company Law Tribunal (NCLT) by select investors over its rights issue.   Byju’s key investors -- Prosus, General Atlantic, Sofina and Peak XV -- have moved the...

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Moneylife Digital Team 23 February 2024
Amidst increasing allegations of withholding and blocking accounts posting messages on the farmers’ protest, X (erstwhile Twitter) says it is withholding these accounts and posts to follow directions issued by the Indian government since noncompliance would be subjected to potential penalties...

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IANS 23 February 2024
The battle between Byju's and investors intensified after the edtech major said on Thursday that the company's co-founder and CEO Byju Raveendran and Board members will not attend the extraordinary general meeting (EGM) called by select investors on Friday.   Earlier in the day,...

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IANS 23 February 2024
The Manipur High Court has modified its March 2023 order in part, whereby a contentious direction was issued to the state government for considering the inclusion of Meiteis in the Scheduled Tribes (ST) list, observing that a paragraph of that order was in conflict with the Supreme Court's...

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IANS 23 February 2024
Former Lok Sabha Speaker and ex-Chief Minister of Maharashtra Manohar G. Joshi passed away here at the age of 86, early on Friday morning.   In a brief statement by his relatives, it is said: "Our family is deeply saddened to inform you that Mr. Manohar Joshi passed away today morning...

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IANS 22 February 2024
The enforcement directorate (ED) carried out raids at multiple offices of the realty major Hiranandani group, for alleged violations of FEMA (Foreign Exchange Management Act) rules, official sources said here on Thursday.   The raids and searches were going on at the Hiranandani group...

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IANS 22 February 2024
The Cabinet committee on economic affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved an 8% increase in the fair and remunerative price (FRP) of sugarcane to Rs340 per quintal for the sugar season 2024-25.   The revised prices will be applicable with effect...

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IANS 22 February 2024
As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as the Reserve Bank of India's (RBI) March 15 deadline...

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IANS 22 February 2024
Key investors in ed-tech major Byju's will go ahead with the extraordinary general meeting (EGM) on Friday for a vote to remove Byju Raveendran as the company's chief executive officer (CEO), amid a court order that any decision, taken during the EGM, "shall not be given effect to till the...

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IANS 22 February 2024
The Karnataka High Court on Wednesday ordered that any resolutions, proposed to be passed in the Friday meeting called by select Byju's investors to remove its founder Byju Raveendran as CEO and appoint a new board, are invalid until the final hearing and disposition of this...

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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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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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