ECONOMY & NATION


Arun Kumar (The Leaflet) 18 September 2023
The prime minister (PM) has set the goal of India becoming a developed country by 2047.   On the way, India’s Gross Domestic Product (GDP) is soon going to surpass that of Germany and Japan, if the current official rates of growth are maintained.   In today’s world, projecting...

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IANS 18 September 2023
A Liechtenstein court order has exposed a trove of luxury cars and watches among the items seized by prosecutors investigating allegations of fraud linked to one of the investors aiming to revive India’s Jet Airways, a media report said.   The supreme court in Liechtenstein rejected...

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IANS 18 September 2023
The Kerala High Court has ruled that merely posting a manipulated photo on social media sites like Facebook (now known as Meta) will not amount to an offence under Section 120(o) of the Kerala Police Act.   A bench of justice PV Kunhikrishnan said: "If this Court started to hold that...

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IANS 18 September 2023
Vodafone Idea has made a requisite payment of Rss1,701 crore to the department of telecommunications (telecom department) towards 2022 spectrum auction instalment.   In a regulatory filing, Vodafone Idea said the payment is in accordance with the terms of notice inviting applications...

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Definitions first:   Cash cow = a fully paid investment which keeps producing a steady cash flow without any further outgo of money.   Invisible = remittances from abroad, i.e. payments with no goods or services involved.   Let me explain.   An average...

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IANS 15 September 2023
The Supreme Court on Friday questioned the Manipur Police for booking the President and three editors of the Editors Guild of India (EGI) for allegedly releasing a "biased and factually inaccurate" report on the ethnic strife in the northeastern state.   During the hearing, a bench...

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IANS 15 September 2023
In a massive action against the online gambling app Mahadev Book money laundering case, the Enforcement Directorate (ED) on Friday said that it has seized Rs 417 crore after carrying out searches in Kolkata, Bhopal, Mumbai.   In a statement, the financial probe agency said that the ED...

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The Leaflet 15 September 2023
The Supreme Court issued notices and called for a reply from all high courts (HCs) and tribunals to apprise it of the fact whether they have disabled the hybrid mode of hearing and, if yes, the reasons for the same.   A three-judge Bench comprising Chief Justice of India (CJI) DY...

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Ryan Gabrielson (ProPublica) 15 September 2023
This story was originally published by ProPublica.   Wall Street could always bank on used cars. In fact, for years, investors bought bonds backed by auto loans because they reliably produced handsome returns, even amid rocky markets and downturns in the economy.   But now,...

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IANS 14 September 2023
At least three persons were injured after a private business aircraft with six passengers and two crew flying from Vizag to Mumbai skidded off the runway and crash-landed at the Chhatrapati Shivaji Maharaj International Airport, officials said here on Thursday.   VT-DBL, a...

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IANS 14 September 2023
In one of the biggest realty deals, the Bombay Dyeing and Manufacturing Co. Ltd. (BDMC) said it has approved a proposal to sell off its prime property in Worli, measuring around 22 acres, to Goisu Realty Pvt Ltd in two phases for around Rs5,200 crore to pay off debts and fund future projects,...

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IANS 14 September 2023
The Supreme Court has issued a stern warning to SpiceJet chairman and managing director (CMD), Ajay Singh, for default in making the due payments to global investment bank and financial services firm Credit Suisse AG.   A bench comprising justice Vikram Nath and justice Ahsanuddin...

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IANS 14 September 2023
Following three incidents of a commanded In-flight Shut Down (IFSD) of IndiGo aircraft recently, the aviation watchdog, DGCA said that a total of 11 Pratt & Whitney (P&W) engines of the airline's fleet were impacted, however out of these, only five operating engines have been removed till...

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IANS 14 September 2023
The Air India Maintenance Repair and Overhaul (MRO) depot, located in Mihan-SEZ in Nagpur, is on the verge of welcoming its inaugural foreign aircraft, after nearly a decade of operation.   The MRO facility commenced its operations in 2015 in Nagpur, and now, a Boeing 777 originating...

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The Leaflet 13 September 2023
The Supreme Court has come down heavily on its own registry for not being able to understand simple Orders passed by the court and on top of it trying to shift the entire burden on court masters of the Bench.   A Bench, comprising Justices Abhay S Oka and Pankaj Mithal, bemoaned the...

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IANS 13 September 2023
Elon Musk-run X Corp (formerly Twitter) banned a record 12,80,107 accounts in India between July 26 and August 25, mostly for promoting child sexual exploitation and non-consensual nudity.   The micro-blogging platform, going through a churning under Musk who has recently appointed a...

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IANS 12 September 2023
The Supreme Court has said that the state government officers cannot be permitted to file frivolous petitions merely because they do not have to pay from their own pockets for indulging in litigation.   The above observation was made in a recent order passed by a bench comprising...

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IANS 12 September 2023
Union transport minister Nitin Gadkari on Tuesday clarified that the Centre has not proposed to impose an additional 10% tax on diesel engine vehicles as media reports suggested.   Earlier, the reports had said that Mr Gadkari would be writing a letter to Union finance minister...

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IANS 12 September 2023
At least 306 members of Parliament (MPs) out of the 763 MPs have criminal cases registered and 194 sitting MPs have declared serious criminal cases against them, a report revealed on Tuesday.   The Association for Democratic Reforms (ADR) in its report said that it has analysed the...

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IANS 12 September 2023
The Centre has imposed an anti-dumping duty on some Chinese steel for five years.   The decision was taken after it was found that Chinese exporters were exporting steel products to other countries at a highly reduced price, sources said.   The decision was announced through a...

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