NATION


Moneylife Digital Team 14 August 2022
Veteran investor Rakesh Jhunjhunwala passed away of cardiac arrest at Breach Candy hospital in Mumbai early on Sunday morning. Born on 5 July 1960, Jhunjhunwala grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax. He graduated from Sydenham...

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An investment banker and former chief executive officer of Deutsche Bank, Anshu Jain, passed away on 13th August. He was 59-year-old.   "It is with great sadness that we learned of the passing of Sh. Anshu Jain this morning. Mr Jain was a crucial supporter of @watch_tiger and numerous...

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Full Edition
Moneylife Online Magazine
Lead Article
REGULATIONS
Sucheta Dalal , 14-August-2022
It is over two weeks since Zee Business channel’s investigative report...

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Paras Nath Singh (The Leaflet) 12 August 2022
Data shared in the Parliament on women judges in the high courts reveals a poor representation of female judges in the higher judiciary. Of the working strength of 728 judges (the sanctioned strength of high court judges is 1,108) in the 25 high courts in the country as on August 1, only 96...

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The Income-tax (I-T) department has seized cash and valuables worth Rs390 crore following a raid on the premises of Maharashtra's Jalna businessman, who deals in garments, real estate and in steel.   I-T department's 260 officials divided into five teams carried out a week-long raid....

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Saket Hishikar Saket Hishikar 11 August 2022
The Reserve Bank of India (RBI), in its Utkarsh 2019 vision statement, for the first time clearly articulated its position in respect of climate change. RBI stated one of its objectives in the medium run as – “[a]assessment of risk and compliance culture and business strategy of SCBs to...

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Tamil Nadu police are on a lookout for promoters of an investment firm after a mega fraud of Rs6,000 crore was detected in the state.   A Vellore-based LNS International Financial Services (IFS) has swindled a mammoth Rs6,000 crore from several investors across the state, including...

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The Supreme Court on Wednesday granted bail to 82-year-old P. Varavara Rao, an accused in the Bhima-Koregaon case, rejecting NIA's opposition that neither age nor medical condition can become a factor for bail to an UAPA accused.   A bench headed by Justice U.U. Lalit said the bail is...

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A Special court here on Monday sentenced former Coal Secretary H.C. Gupta to three years imprisonment and former Joint Secretary K.S. Kropha to two years jail term in a case related to the allocation of the Lohara East Coal block in Maharashtra.   Special CBI Judge Arun Bhardwaj also...

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After unearthing the use of industrial alcohol in the illicit liquor manufacturing, the Rajkot Municipal Corporation (RMC) health officers have detected another scam. Industrial grade maize starch and chemical grade citric acid were being used for making snacks for devotees fasting in the...

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Indira Jaising (The Leaflet) 04 August 2022
As the Supreme Court prepares to frame questions for adjudication in the ongoing case involving Shiv Sena’s tug of war, the real issues need to be delineated.  ———- At the hearing of the Maharashtra political stalemate before the Supreme Court bench comprising the Chief Justice of...

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While digitisation of payments and banking undoubtedly has benefited common people and the government, financial fraud has been on the rise, with nearly 42% of Indians becoming victims in the past three years, a new report showed on Thursday.   In the past three years, only 17% of...

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A total of 18 emergency landings were reported by various airlines in India during the last two years, the Civil Aviation ministry told the Lok Sabha on Thursday.   Recently on July 2, a plane operating from Delhi to Jabalpur was forced to return after the crew noticed smoke in the...

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The Enforcement Directorate (ED) on Wednesday said that they have attached balances of Rs 105.32 crore, lying in various bank accounts and with payment gateway accounts, of 12 NBFCs, namely Inditrade Fincorp Ltd, Aglow Fintrade Pvt Ltd and others and their associated fintech companies in...

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Sonali Ahuja (The Leaflet) 03 August 2022
On 1st August, a bench at the Supreme Court comprising Justices Hemant Gupta and Vikram Nath set aside the Allahabad High Court’s 2019 order which had found the Uttar Pradesh government’s 1999 order disqualifying persons with locomotor disability from applying for the posts of sweepers as...

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The income-tax (I-T) department has said that its searches on a leading business group in Gujarat, engaged in textiles, chemicals, packaging, real estate and education sector, has led to detection of unaccounted transactions involving over Rs1,000 crore so far.   The searches,...

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Meta-owned WhatsApp banned more than 22 lakh bad accounts in India in the month of June in compliance with the new IT Rules, 2021, the company said on Tuesday.   The platform had banned over 19 lakh bad accounts in the country in May.   The messaging platform also received 632...

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Moneylife Digital Team 01 August 2022
While the prices of liquified petroleum gas (LPG) are increasing unabated, the subsidy given on the refill has come down to just Rs242 crore (provisional) in FY21-22 from Rs37,209 crore in FY18-19, the Union government informed the Rajya Sabha.    Data shared by Rameswar Teli,...

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A special court in Mumbai on Monday sent Shiv Sena MP Sanjay Raut to the custody of the enforcement directorate (ED) for three days, till Thursday, in a money laundering case arising out of the Patra Chawl land scam. Special PMLA (Prevention of Money Laundering Act) court judge MG...

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Moneylife Digital Team 30 July 2022
Prime minister (PM) Narendra Modi laid the foundation stone of the headquarters building of the International Financial Services Centres Authority (IFSCA) in GIFT City at Gandhinagar.   He also launched National Stock Exchange of India Ltd (NSE) and Singapore Exchange (SGX Group)'s...

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Moneylife Digital Team 29 July 2022
As many as 582,000 people lost their lives in accidents in four years up to 2020 as per the data received from police department of all states/UTs, though the number of deaths have decreased down the years, the Parliament was told on Thursday.   In 2017, 464,910 accidents left 147,913...

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