ECONOMY & NATION


Moneylife Digital Team 07 August 2026
The Special Court under the Prevention of Money Laundering Act (PMLA) in Mumbai has ordered the restitution of immovable properties worth ₹393.79 crore to bona fide legitimate claimants in the money laundering case involving Nakoda Ltd and others.   The order was passed on 4 August 2026,...

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Moneylife Digital Team 07 August 2026
Reserve Bank of India (RBI) has imposed a penalty of ₹40,000 on Latur, Maharashtra-based Kedarnath Urban Cooperative Bank Ltd for failing to comply with RBI directions on know-your-customer (KYC) norms and operational instructions issued under the supervisory action framework (SAF).   The...

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Moneylife Digital Team 06 August 2026
Reserve Bank of India (RBI) has once again classified Tata Sons Pvt Ltd as an upper layer non-banking financial company (NBFC-UL) for FY26-27, while clarifying that the company's long-pending application for deregistration as a core investment company (CIC) remains under examination.   The...

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Moneylife Digital Team 06 August 2026
The Bombay High Court on Thursday set aside the acquittal of Tehelka’s former editor-in-chief, Tarun Tejpal, in the 2013 sexual assault case involving a junior colleague, convicted him of rape and other offences under the Indian Penal Code (IPC), and sentenced him to 10 years' rigorous...

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Moneylife Digital Team 06 August 2026
The Supreme Court has declined to interfere with the Bombay High Court (HC)’s decision quashing directorate of enforcement's (ED’s) case information report (ECIR) and prosecution complaint against Shapoorji Pallonji & Co Pvt Ltd (SPCL), delivering another setback to the agency in its money...

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Moneylife Digital Team 06 August 2026
The central bureau of investigation (CBI), in coordination with the Union ministry of external affairs (MEA) and the ministry of home affairs (MHA), has secured the deportation of wanted fugitive Vishakha Rathod from the United Arab Emirates (UAE) in connection with an alleged ₹88 crore...

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Moneylife Digital Team 06 August 2026
The directorate of enforcement (ED) has alleged that a former deputy vice-president of Kotak Mahindra Bank siphoned off funds belonging to the Municipal Corporation (MC), Panchkula, and used the proceeds to fund a lavish lifestyle, including the purchase of luxury vehicles such as a Porsche...

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Moneylife Digital Team 06 August 2026
The directorate of enforcement (ED) has alleged that a former deputy vice-president of Kotak Mahindra Bank siphoned off funds belonging to the Municipal Corporation (MC), Panchkula, and used the proceeds to fund a lavish lifestyle, including the purchase of luxury vehicles such as a Porsche...

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Moneylife Digital Team 06 August 2026
The directorate of enforcement (ED) has provisionally attached 45 immovable properties in Delhi with a current market value of ₹999.63 crore as part of its ongoing money laundering investigation into the alleged ₹48,000 crore PACL investment scam.   The attachment was carried out under the...

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Debayan Roy (Bar  and   Bench) 05 August 2026
The Supreme Court on Wednesday observed that authorities should seek to understand the concerns of protesting youngsters instead of allowing situations to escalate into violence.   A Bench of Chief Justice of India (CJI) Surya Kant, Justice Joymalya Bagchi and Justice V Mohana was hearing a...

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Moneylife Digital Team 05 August 2026
Updated on 7 August 2026 at 2.40pm   Editor’s Note: What This Revision Changes and Why   For the original article, we relied on the evaluation by bank union leader Devidas Tuljapurkar, who is also the chairman of the Banking Education Training Research Academy (BETRA), particularly...

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Moneylife Digital Team 05 August 2026
The Reserve Bank of India (RBI) is targeting the introduction of polymer currency notes in the ₹10 and ₹20 denominations at the beginning of the next financial year, subject to the successful completion of ongoing field trials and operational assessments, governor Sanjay Malhotra...

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Moneylife Digital Team 05 August 2026
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25%, opting for caution amid growing uncertainty over the economic impact of the ongoing conflict in West Asia, rising crude oil prices and global supply disruptions.   The decision marks the third...

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Moneylife Digital Team 05 August 2026
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25%, opting for caution amid growing uncertainty over the economic impact of the ongoing conflict in West Asia, rising crude oil prices and global supply disruptions.   The decision marks the third...

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Moneylife Digital Team 04 August 2026
Rising prices of new passenger vehicles and affordability concerns are expected to keep India's used-car market on a strong growth trajectory this fiscal, with sales volumes projected to grow 7%-9% and cross 7mn (million) units, according to a CRISIL Ratings report.   The report said...

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Moneylife Digital Team 04 August 2026
The Supreme Court on Monday said it would frame a comprehensive protocol governing the use of pellet guns by law enforcement agencies during crowd control operations, while also clarifying that Delhi and other state governments are free to withdraw first information reports (FIRs) against...

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Moneylife Digital Team 03 August 2026
In a significant ruling reinforcing procedural safeguards under the Prevention of Money Laundering Act (PMLA), the Supreme Court has held that the directorate of enforcement (ED) cannot freeze bank accounts merely on suspicion and must first record legally sustainable 'reasons to believe'...

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Moneylife Digital Team 03 August 2026
Public sector banks (PSBs) have written off bad loans worth more than ₹3.57 lakh crore during the past five financial years, while recovering about ₹1.65 lakh crore from written-off accounts over the same period, the Union government informed the Lok Sabha on Monday.   Replying to an...

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Moneylife Digital Team 03 August 2026
Naresh Balyan, a former member of the legislative assembly (MLA) from the Aam Aadmi Party (AAP), will remain in judicial custody after the Delhi High Court on Monday refused to grant him bail in a case registered under the Maharashtra Control of Organised Crime Act (MCOCA), despite a trial...

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Safi Ahsan Rizvi 03 August 2026
The massive devastation seen in Kedarnath (July 2013) was the impact of a cascading hydro-met disaster, amplified by the failure of the Chorabari glacial lake. The next massive such glacial lake outburst flood (GLOF) was of Sikkim's South Lhonak glacial lake (3 October 2023), which devastated...

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