ECONOMY & NATION


Land = power. Water = life.   Since the beginning of time, people have fought over land, from the ‘Ashvamedha yajna’ of Vedic times, through Alexander, the Romans, Ashoka, and right up to Hitler’s attempt to seize Lebensraum.   In recent times, territorial battles have almost...

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Moneylife Digital Team 09 June 2023
The All India Bank Employees' Association (AIBEA) has urged the Indian Banks' Association (IBA) to create a special alert in bank accounts to ensure the benefits of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) reach the families of victims...

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Former US President Donald Trump has been indicted with multiple federal criminal charges in connection with his handling of classified documents from his presidency.   Trump, who became the first former President in US history to face federal criminal charges, announced his...

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At least 60 residents were rescued and one was injured in a major fire that broke out in a residential building in the congested Zaveri Nazar area of South Mumbai early on Friday, the BMC Disaster Control said.   The blaze took place in an old six-storey building at Dhunji Street as...

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A Ghaziabad-based farmer has lodged an FIR (first information report) with the central bureau of investigation (CBI) against an agriculture officer of Union Bank, Sikandrabad in Uttar Pradesh, for allegedly demanding a bribe from him in lieu of helping him withdraw money from his Kisan Credit...

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Raja Muzaffar Bhat (The Leaflet) 08 June 2023
Tourism is a small but important part of Kashmir’s economy. However, in the name of tourism, the government should not put the fragile and already-strained natural resources and public infrastructure in the region under even more pressure, lest it lead to a complete destruction of the...

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The government and policy-makers keep reiterating that writing off a bad loan does not mean the bank cannot recover it. When a bad debt is written down, some bad loan value remains as an asset because the lender expects to recover it. But it hardly happens. Especially for public sector banks...

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In a significant move, the Union Cabinet on Wednesday approved the third package for BSNL, as part of the revival strategy, with the total outlay of Rs89,047 crore.   It includes allotment of 4G and 5G spectrum for BSNL through equity infusion.   The authorised capital of BSNL...

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The Supreme Court on Wednesday asked its registry to submit a report in connection with an urgent listing of a plea challenging the Delhi High Court's 29th May judgement allowing exchange of Rs2,000 currency notes without any identification.   Advocate Ashwini Upadhyay mentioned the...

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India-born British and American business executive, Sir Ivan Manuel Menezes, the chief executive officer of global liquor major Diageo plc, died on Wednesday after a brief illness, the company said.   Born on 10 July 1959, in Pune, Ivan held UK and US citizenships, as well as overseas...

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The Supreme Court has said that the power of summoning a person as accused during the trial should not be mechanically exercised by a court.   A bench of justices Dipankar Datta and Pankaj Mithal said: "The court holding a trial, if it intends to exercise power conferred by Section...

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Abrahm Lustgarten (ProPublica) 07 June 2023
This story was originally published by ProPublica.   As conditions that best support life shift toward the poles, more than 600 million people are already living outside of a crucial “climate niche,” facing more extreme heat, rising food scarcity and higher death...

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An exclusive survey, conducted by CVoter for IANS, reveals that a majority of Indians not only support the female wrestlers who have levelled charges of sexual harassment and molestation against Bhartiya Janata Party (BJP) member of Parliament (MP) Brij Bhushan Sharan Singh, but also want the...

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Moneylife Digital Team 06 June 2023
Terming demands for prepayment from lenders for its US$1.2bn (billion) term loan B (TLB) as ‘hawkish’, education technology (ed-tech) company BYJU's has filed a suit in a New York court against a group of TLB lenders, say reports.   In what is possibly the first action of its kind by...

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The selection of a firm owned by the family of the Sandesara brothers, branded as fugitives by India, to drill wells for the project is just the latest sign of how Nigeria has provided the brothers a haven, effectively insulating them from troubles back home, a media report...

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The Enforcement Directorate (ED) recently conducted raids at the premises of IREO Group and M3M Group following allegations of diverting and siphoning off Rs 400 crore from the investors.   During the search operations, luxury vehicles, including Ferrari, Lamborghini, Land Rover,...

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Urvi Desai (The Leaflet) 06 June 2023
The significance and urgency of informed and nuanced climate education, engagement and action for individuals, communities, and not the least, students, is of profound importance. It is on us to spark in students the joy, curiosity, wonder, beauty and lessons that nature gives us, by asking...

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The Delhi High Court has issued a restraining order against Dabur, an Indian multinational consumer goods company, prohibiting the circulation of its WhatsApp advertisement featuring Bollywood actor Deepika Padukone for "Dabur Amla Hair Oil."   A single-judge bench of Justice Navin...

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Moneylife Digital Team 05 June 2023
During the financial year (FY)21-22, the employees' provident fund organisation (EPFO) had 167.0mn (million) members with the Aadhaar-validated universal account numbers (UAN). However, only 18.56% or 31.0mn members credited the employee-employer contribution for the entire year, reveals a...

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The central bureau of investigation (CBI) has lodged a case against IL&FS Transportation Network Ltd and its directors on charges of defrauding 19 banks of Rs6,524 crore between 2016 and 2018.   IL&FS Transportation Network Ltd is a subsidiary of IL&FS which had filed for bankruptcy...

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