ECONOMY & NATION


While the government has been pushing people to go online when it comes to banking, the branch still continues to dominate banking channels in India, with 94 per cent of retail banking customers having visited the branch/store at least once in the past 12 months, a new study revealed on...

Read More



The Delhi High Court on Monday dismissed a plea by Himachal Pradesh Chief Minister Virbhadra Singh and others seeking quashing of a money laundering case registered against them by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).   Justice R.K....

Read More



A senior Jet Airways official was arrested early on Sunday by the Uttar Pradesh Police from the national capital on charges of illegally grabbling municipal land in Ghaziabad.   Avneet Singh Bedi, a retired Colonel and now Vice President of security affairs at Jet Airways, was taken...

Read More



The Reserve Bank of India (RBI) is slowly waking up to public anger about rising bank charges, rampant mis-selling of financial products, growing incidents of digital and cyber fraud and poor grievance redress. Customers are especially angry that banks are never penalised and compensation for...

Read More



Moneylife Digital Team 30 June 2017
The campaign against unfair bank charges that was started in March this year by a group of activists, will be escalated further with a unique #TweetMorcha addressing the Prime Minister’s twitter handle @narendramodi on 4th July at 3 pm.      This unique #TweetMorcha will...

Read More



Meghna Mittal (IANS) 29 June 2017
With the biggest tax reform set to receive a red carpet welcome in Parliament's Central Hall when the clock strikes midnight on June 30, the Goods and Services Tax will irreversibly impact consumers, traders, businesses as well as the revenue collection machines of the states and the...

Read More



The significance of Saturday's roll out of the GST can be understood from its launch at a midnight session of Parliament, in a repeat of the joint midnight sitting of both Houses to ring in India's Independence on August 15, 1947.   The idea of a pan-India Goods and Services Tax (GST)...

Read More



A day after the Union cabinet gave its in-principle approval for Air India's divestment, Civil Aviation Minister Ashok Gajapathi Raju said that the budget passenger airline IndiGo has expressed its interest in participating in the stake sale of the flag-carrier.   "There has been...

Read More



The annual Amarnath Yatra began on Thursday despite inclement weather as Jammu and Kashmir Governor N.N. Vohra attended a prayer inside the Himalayan cave shrine marking the formal start of the pilgrimage. Over 6,000 pilgrims were allowed to move towards the shrine from north Kashmir's...

Read More



After more than a decade-long journey, the biggest indirect tax reform since Independence -- GST -- is finally set for a midnight launch on Friday in Parliament's Central Hall in the presence of President Pranab Mukherjee, Prime Minister Narendra Modi, Vice President Hamid Ansari, Members of...

Read More



Election for India's next Vice President, to succeed M. Hamid Ansari, will be held on August 5 and counting of votes will be done on the same day, the Election Commission announced on Thursday.   Chief Election Commissioner Nasim Zaidi said, "The date of polling, if required, will be...

Read More



Gaurav Sharma (IANS) 29 June 2017
China on Thursday said the withdrawal of Indian troops from what it said was its territory was a "precondition" for a "meaningful dialogue" over the border stand-off.   This means the pilgrimage to Kailash Mansarovar, put off by China in the wake of the stand-off between Indian and...

Read More



Breaking his silence on cow vigilantes, Prime Minister Narendra Modi on Thursday made it clear that killing people in the name of "gau bhakti" was unacceptable.   Addressing a gathering at the Sabarmati Ashram set up by Mahatma Gandhi here, Modi said: "As a society, there is no place...

Read More



Moneylife Digital Team 28 June 2017
Strengthening the movement against arbitrary bank charges, United Forum of Bank Unions (UFBU), the umbrella organisation of five employee unions and four officer unions of state-run banks in the country, have decided to support hands with several consumer organisations, consumer activists and...

Read More



Moneylife Digital Team 28 June 2017
It has been almost six years since a landmark Supreme Court order in 2012 asking Sahara Pariwar to refund over Rs24,000 crore to investors of its twin realty companies. And yet, the market regulator Securities and Exchange Board of India (SEBI) is unable to find the 3.3 crore investors or...

Read More



The government on Wednesday said operations at one of the container terminals at Mumbai's Jawaharlal Nehru Port Trust (JNPT) port was impacted due to a global cyber attack.   According to the Ministry of Shipping, a private terminal operator at the the JNPT was taking steps to address...

Read More



Reliance Industries Chairman and Managing Director Mukesh Ambani has kept his own salary unchanged at Rs 15 crore, said the company's annual report for 2016-17.   This is the ninth consecutive year since Ambani's compensation package has been set at Rs 15 crore.   "The...

Read More



Non-performing Assets (NPA) are a dynamic statistic, moving from Rs2.50 lakh crore in 2013 to nearly four times in four years!    The corporate debt restructuring (CDR) measures suggested after the 2008 crisis, corrective action plans, Joint Lenders’ Forum (JLF), 5:25 scheme,...

Read More



Vijay Kumbhar 28 June 2017
The basic object of the Real Estate Act (REA) was to ensure accountability towards allottees, protect their interest, infuse transparency, ensure fair play and reduce frauds and delays. However, it seems promoters and builders have decided to challenge the competence and power of the...

Read More



The computer virus that is affecting companies and institutions around the world is a new variant of ransomware called Nyetya -- WannaCry's bad cousin -- according to networking and security major Cisco.   The new cyber attack started massively affecting dozens of companies and...

Read More

Free Helpline
Legal Credit
Feedback