ECONOMY & NATION


Moneylife Digital Team 09 April 2025
South Korea announced emergency support measures for its auto sector on Wednesday in response to the impact of US tariffs on the industry.    The South Korean government unveiled a US$2bn (billion) emergency funding package for the auto sector which has been severely affected by the US...

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Moneylife Digital Team 09 April 2025
South Korea announced emergency support measures for its auto sector on Wednesday in response to the impact of US tariffs on the industry.    The South Korean government unveiled a US$2bn (billion) emergency funding package for the auto sector which has been severely affected by the US...

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SN Thyagarajan (Bar  and   Bench) 09 April 2025
The Court of Appeal of the Singapore Supreme Court recently upheld the setting aside of an arbitral award passed by a tribunal led by former Chief Justice of India (CJI) Dipak Misra after discovering that 47% of its contents - 212 out of 451 paragraphs - were copied verbatim from two prior...

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Moneylife Digital Team 08 April 2025
In a significant boost for pedestrian rights, the Bombay High Court has delivered a stern rebuke to the Pune Municipal Corporation (PMC), directing it to uphold its statutory obligations to ensure safe and obstruction-free footpaths in the city. The order comes in response to a public interest...

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Debayan Roy (Bar  and   Bench) 08 April 2025
The Supreme Court on Wednesday ruled that a Governor does not have a veto power to sit over bills sent to him by a state legislature.   A bench of Justices JB Pardiwala and R Mahadevan declared as illegal Tamil Nadu Governor RN Ravi's decisions regarding the 10 bills presented to him by the...

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Moneylife Digital Team 08 April 2025
A sharp swing in the rupee's value could destabilise earnings in key Indian export-driven sectors such as pharmaceuticals, information technology (IT) services and gems and jewellery, according to a research note issued by CRISIL Ratings. The rupee's sharp volatility against the US dollar in...

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Moneylife Digital Team 08 April 2025
A sharp swing in the rupee's value could destabilise earnings in key Indian export-driven sectors such as pharmaceuticals, information technology (IT) services and gems and jewellery, according to a research note issued by CRISIL Ratings. The rupee's sharp volatility against the US dollar in...

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Moneylife Digital Team 08 April 2025
In a significant ruling, the national company law appellate tribunal (NCLAT) has allowed Canara Bank and Indian Bank to initiate or continue legal proceedings against former directors of Infrastructure Leasing & Financial Services Ltd (IL&FS) who were not inducted into the reconstituted board...

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Moneylife Digital Team 08 April 2025
In a significant ruling, the national company law appellate tribunal (NCLAT) has allowed Canara Bank and Indian Bank to initiate or continue legal proceedings against former directors of Infrastructure Leasing & Financial Services Ltd (IL&FS) who were not inducted into the reconstituted board...

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Moneylife Digital Team 08 April 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh on Nashik, Maharashtra-based Shri Ganesh Sahakari Bank Ltd for contravention of the provisions of Section 26A of the Banking Regulation Act (BR Act) and non-compliance with directions issued on know-your-customer (KYC).   The...

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Moneylife Digital Team 07 April 2025
Taking a serious note of verified workers not getting paid due to not linking their bank accounts with Aadhaar, the Supreme Court directed the Delhi government to explain which law says bank accounts cannot be operated without Aadhaar.    In an order on 2 April 2025, a bench of justice Abhay...

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Moneylife Digital Team 07 April 2025
India may be relatively insulated from the immediate effects of the recently imposed 26% reciprocal tariffs by the US, but the broader repercussions on trade dynamics, corporate investment sentiment and sectoral margins could be significant, India Ratings and Research (Ind-Ra) has cautioned in...

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Moneylife Digital Team 07 April 2025
India's vehicle retail sector recorded its highest-ever sales in the financial year (FY) 2024-25, with 25,955,366 (25.95mn-million) units sold — an year-on-year (y-o-y) growth of 10%, according to the Federation of Automobile Dealers Associations (FADA). Despite a 5% month-on-month (m-o-m)...

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SN Thyagarajan (Bar  and   Bench) 07 April 2025
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed an appeal filed by IDBI Bank challenging the order of the National Company Law Tribunal (NCLT) which dismissed an insolvency plea against Zee Entertainment Enterprises Limited (ZEEL).    A coram of Chairperson Justice...

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SN Thyagarajan (Bar  and   Bench) 07 April 2025
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed an appeal filed by IDBI Bank challenging the order of the National Company Law Tribunal (NCLT) which dismissed an insolvency plea against Zee Entertainment Enterprises Limited (ZEEL).    A coram of Chairperson Justice...

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Moneylife Digital Team 07 April 2025
In a significant development aimed at returning ill-gotten gains to their rightful owners, the Shimla office of the directorate of enforcement (ED) has restituted properties worth approximately Rs289 crore to a consortium of banks led by Bank of India in connection with the high-profile Indian...

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Moneylife Digital Team 07 April 2025
In a significant development aimed at returning ill-gotten gains to their rightful owners, the Shimla office of the directorate of enforcement (ED) has restituted properties worth approximately Rs289 crore to a consortium of banks led by Bank of India in connection with the high-profile Indian...

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Moneylife Digital Team 07 April 2025
In a significant escalation of trade tensions between the world's two largest economies, China has announced it will implement a comprehensive 34% tariff on all American imports beginning April 10, 2025. This move directly mirrors president Donald Trump's recent 'reciprocal' tariff package...

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Aatreyee Dhar (IndiaSpend) 07 April 2025
Adiram Reang, an indigenous farmer who belongs to the Autonomous District Council (ADC) village of Bagmara, in Dhalai district, 125 km from the state capital Agartala, wanted to own Kanak Kaich bamboo plantations. But when he found out about Tripura's State Bamboo Mission (TSBM), about 15 years...

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Moneylife Digital Team 04 April 2025
In a historic measure to counter higher duties on American products imposed globally, US president Donald Trump announced reciprocal tariffs on around 60 countries. While India levies a 52% average import tariff on  American goods, the US has now imposed a 27%  discounted tariff on India's...

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