ECONOMY & NATION


Moneylife Digital Team 05 February 2026
Nearly 33 hours after a gas tanker overturned in the Khandala ghat section and brought traffic on  the Mumbai–Pune Expressway to a grinding halt, it finally began to move in the early hours of Thursday. But what unfolded at daybreak was a telling snapshot of official inertia: drivers found...

Read More



Jitender Kumar Jain 05 February 2026
Suggested Reforms at the Insolvency and Bankruptcy Code, 2016 (IBC) Tribunals   The bottleneck of time taken at national company law tribunal (NCLT)/ national company law appellate tribunal (NCLAT) has to be addressed. The Supreme Court has held that judicial timelines are directory, not...

Read More



Debayan Roy (Bar  and   Bench) 04 February 2026
The Supreme Court (SC) on Wednesday directed the enforcement directorate (ED) to constitute a special investigation team (SIT) dedicated to investigating allegations of large-scale bank fraud by Reliance Communications (RCOM), its group entities and Anil Ambani (EAS Sarma vs Union of...

Read More



Debayan Roy (Bar  and   Bench) 04 February 2026
West Bengal Chief Minister Mamata Banerjee on Wednesday appeared in person before the Supreme Court and flagged various issues in the ongoing Special Intensive Revision (SIR) of electoral rolls in West Bengal.   Wearing a white dress with a black scarf around her neck, Banerjee forcefully...

Read More



Moneylife Digital Team 04 February 2026
The Supreme Court orally urged the Union government to reconsider the continued preventive detention of Ladakhi social activist Sonam Wangchuk, citing the passage of time and his deteriorating health, even as the Union government defended its decision under the National Security Act (NSA),...

Read More



Moneylife Digital Team 04 February 2026
Zomato founder and Eternal Ltd vice-chairman Deepinder Goyal has issued a public appeal to former employees of Zomato, urging them to consider returning to the company, saying both the organisation and its leadership have evolved over the years.   In a post on X, Mr Goyal addressed...

Read More



Debayan Roy (Bar  and   Bench) 04 February 2026
The Supreme Court on Wednesday issued notice in the plea filed by West Bengal Chief Minister Mamata Banerjee challenging the Special Intensive Revision (SIR) of electoral rolls in the State.   The Bench of Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and VM Pancholi...

Read More



Jitender Kumar Jain 04 February 2026
The Original Promise When the Insolvency and Bankruptcy Code, 2016 (IBC), was enacted, it was hailed as a landmark reform in India. For the first time, India had a unified framework to deal with insolvency across corporates, partnerships and individuals. The preamble of IBC promises time-bound...

Read More



Avani Kapur, Sharad Pandey (IndiaSpend) 04 February 2026
India’s social sector budget as a share of the gross domestic product is now second lowest in over a decade, and lower even than 2014-15, when the Narendra Modi government presented its first-ever budget.   While Budget 2026-27—presented on February 1—shows small increases for welfare...

Read More



Sponsored Post 04 February 2026
International travel and overseas education from India have increased steadily over the past decade. Alongside flight bookings and accommodation planning, access to foreign currency has undergone significant changes, and now it has become easier with the use of forex cards. Prepaid forex...

Read More



Moneylife Digital Team 03 February 2026
US president Donald Trump on Monday announced what he described as a major trade deal with India, claiming Washington will reduce tariffs on Indian goods to 18% from much higher levels that had strained bilateral trade over the past year. The announcement followed a phone conversation between...

Read More



Moneylife Digital Team 03 February 2026
The Sixteenth Finance Commission (16th FC) has retained the vertical devolution of central taxes to states at 41% of the divisible pool for the period FY26-27 to FY30-31, in line with the Fifteenth Finance Commission’s award, but changes in horizontal devolution criteria are expected to alter...

Read More



Moneylife Digital Team 03 February 2026
The Mumbai bench of the income tax appellate tribunal (ITAT) has delivered a strong rebuke to the tax department’s practice of making additions for alleged 'on-money' payments based solely on third-party statements, holding that taxpayers cannot be compelled to prove a negative in the absence...

Read More



Moneylife Digital Team 03 February 2026
Reserve Bank of India (RBI) has imposed penalties totalling ₹4 lakh on two cooperative banks for violations of its know-your-customer (KYC) norms. Kanpur, Uttar Pradesh-based Jilla (Zila) Sahkari Bank Ltd has been fined ₹3 lakh, while Rajasthan-based Jaipur Central Cooperative Bank Ltd has been...

Read More



Moneylife Digital Team 02 February 2026
The sharp rise in retail participation in India’s derivatives market and mounting regulatory concerns over speculative trading have emerged as key themes behind the Union Budget 2026 decision to raise the securities transaction tax (STT) on futures and options (F&O).   A Lok Sabha reply by...

Read More



KBS Sidhu 02 February 2026
The Budget’s Hidden Constraint Union Budget 2026–27 presents itself as a step along the path of fiscal consolidation—lower deficits, a clearer medium-term anchor, and continued emphasis on capital expenditure. Yet beneath the headline numbers lies a structural constraint that deserves more...

Read More



Moneylife Digital Team 02 February 2026
The Union Budget 2026 has delivered a significant policy shift for investors in sovereign gold bonds (SGBs), effectively ending the long-held assumption that capital gains on these instruments are tax-free at maturity for all holders.   With gold prices touching record highs and investors...

Read More



Moneylife Digital Team 02 February 2026
Mumbai has enforced a comprehensive set of traffic regulations from 1st February as the Mumbai traffic police stepped up efforts to tackle worsening congestion, rising accident risks and growing pressure on the city’s limited road space. The new rules bring tighter restrictions on the movement...

Read More



Moneylife Digital Team 02 February 2026
Union Budget 2026 has unveiled a series of targeted measures aimed at easing investment, taxation and compliance for non-resident Indians (NRIs) and persons resident outside India (PROIs), signalling a renewed effort by the government to deepen economic engagement with the Indian...

Read More



Moneylife Digital Team 02 February 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹2.70 lakh on Maharashtra-based Northern Arc Capital Ltd, a non-banking financial company (NBFC), for failing to comply with provisions of RBI’s know-your-customer (KYC) directions.   RBI's statutory inspection revealed that Northern Arc...

Read More

Free Helpline
Legal Credit
Feedback