ECONOMY & NATION


Moneylife Digital Team 26 August 2026
At least 105 Indians are among 384 tourists reported missing after devastating flash floods swept through Nepal's Rasuwa district, bordering Tibet, on Wednesday, according to a preliminary situation update issued by the Nepal Tourism Board (NTB).   Most of the missing Indians were reportedly...

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Ritwik Choudhury (Bar  and   Bench) 26 August 2026
The Supreme Court recently directed all States to constitute dedicated Special Investigation Teams (SITs) to investigate suspected fraudulent motor accident insurance claims (The Oriental Insurance Co. Ltd. v. Tuni Pati & Ors.).    By way of an order passed on August 17, a bench of Justices...

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A right to information (RTI) reply from Central Bank of India has laid bare a sharp and troubling divide in how the public sector banks (PSBs) treat their small borrowers versus their biggest loan defaulters — even as the lender continues to refuse to name a single one of the large defaulters...

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Debayan Roy (Bar  and   Bench) 26 August 2026
Supreme Court Justice Sandeep Mehta has asked Chief Justice of India (CJI) Surya Kant to appoint a Chief Justice from another State to head the Rajasthan High Court "with immediate effect".   In letters dated August 2, August 10 and August 17 accessed by Bar & Bench, Justice Mehta has accused...

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Moneylife Digital Team 26 August 2026
India’s rapidly expanding unified payments interface (UPI) ecosystem could unlock a gross revenue opportunity of ₹15,000 crore to ₹30,000 crore through a targeted merchant discount rate (MDR) on select higher-value merchant transactions, according to a report by CARE Analytics and Advisory Pvt...

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Ritwik Choudhury (Bar  and   Bench) 25 August 2026
The Supreme Court on Tuesday directed former Tehelka editor Tarun Tejpal, convicted in rape case, to surrender before jail authorities within two weeks.   The Court rejected Tejpal's application for exemption from surrendering, and said it will start hearing Tejpal's appeal against his...

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Moneylife Digital Team 25 August 2026
The directorate of enforcement (ED) has arrested two persons in connection with a ‘digital arrest’ cyber-fraud case in Goa that has led investigators to an extensive money-laundering network whose bank accounts were allegedly used to move more than ₹27,850 crore and deposit around ₹2,904 crore...

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Last week brought a familiar Indian story dressed in a fresh set of numbers: an institution funded by the taxpayer treats its biggest defaulters with far more discretion than it shows an ordinary depositor who is late in updating  know-your-customer (KYC) form.   My colleague, Yogesh Sapkale,...

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Moneylife Digital Team 25 August 2026
Consumers may get relief from high sugar prices in the coming weeks as the Union government revised rules for duty-free raw sugar imports and the industry maintains that there is no shortage of the sweetener. The government has revised the timeline for processing and selling duty-free imported...

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Moneylife Digital Team 25 August 2026
Reserve Bank of India (RBI) has imposed a total penalty of ₹5.50 lakh on three cooperative banks from Karnataka for non-compliance with its regulatory directions. Shri Vijay Mahantesh Cooperative Bank Ltd from Hungund, has been fined ₹2.50 lakh, while Pragathi Cooperative Bank Ltd has been...

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Moneylife Digital Team 25 August 2026
Nearly 25 years after Mumbai began creating resettlement and rehabilitation (R&R) housing for families displaced by infrastructure projects, many of the buildings and settlements are facing extensive maintenance, financial and governance problems, according to a study by Youth for Unity and...

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Moneylife Digital Team 24 August 2026
The Rajasthan High Court (HC) has laid down a detailed framework to prevent banks and investigating agencies from imposing indiscriminate or indefinite freezes on bank accounts during cybercrime investigations, holding that where the amount allegedly linked to a fraud can be identified, the...

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Moneylife Digital Team 24 August 2026
The PM CARES Fund has made its financial statements for FY23-24 and FY24-25 public, with the latest disclosure raising questions about the availability of the accompanying audit report and notes, as well as a ₹324.66 crore refund received from implementing agencies. The one-page receipts and...

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Moneylife Digital Team 24 August 2026
Rejecting the findings of the central bureau of investigation (CBI) in the disproportionate assets (DA) case involving retired IAS officer and department for promotion of industry and internal trade (DPIIT)'s former secretary Ramesh Abhishek, the Lokpal has directed the agency to conduct a...

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Ritwik Choudhury (Bar  and   Bench) 24 August 2026
The Supreme Court on Monday banned all construction and development activities within 100 metres from the edge of Rajasthan's Jojari River till the conclusion of scientific determination and demarcation of the high flood line and ecological buffer zones (In Re: 2 Million Lives At Risk,...

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Dr Twinkle Sharma  and   Safi Ahsan Rizvi 24 August 2026
  In October 2017, in Mimi village in Nagaland’s Kiphire district, a few kilometres from the Myanmar border, researchers drew blood from 85 bat hunters. The Bomrr clan there has smoked bats out of the caves every October for seven generations, and the hunters are routinely scratched and...

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Moneylife Digital Team 24 August 2026
Reserve Bank of India (RBI) has imposed a total penalty of ₹10.80 lakh on two non-banking financial companies (NBFCs) Shri Ram Finance Corporation Pvt Ltd and Progfin Pvt Ltd for failing to comply with regulatory directions issued by the banking regulator. Shri Ram Finance Corporation has been...

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The impending exit of N Chandrasekaran (Chandra) as chairman of Tata Sons, takes us back, once again, to 1991, the year when Ratan Tata took charge of the Tata group and irrevocably transformed it from the days of his illustrious predecessor JRD Tata. While the media and industrialists are...

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Moneylife Digital Team 21 August 2026
India Inc's revenue grew 19.4% year-on-year (y-o-y) in the June quarter, the strongest pace in nine quarters, while net profit rose 11%, the slowest in a year, according to a sample of 3,589 companies compiled by Capitaline and the Economic Times Data Team. Auto, banking, metals and...

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Received an email this week that looks exactly like it has come from the income-tax (I-T) department? The tricolour emblem is there, so is the familiar blue e-filing header, a reference number and a polite request to ‘click here to view your important message’.    Before you do anything else,...

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