PERSONAL FINANCE


Thomas Franco (CFA) 04 October 2024
In a recent interview with the press in the industrial town of South India, Coimbatore, Nirmala Sitharama, the Union Finance Minister clarified to Mr Sundarraman, a reporter from The Indian Express, that according to the bank’s data available to her (which she cross-checked on her tablet), 49.5...

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I happened to meet Sam, who had just joined the marketing division of a large Infotech company where I was a consultant. He had an MBA from one of India's leading management institutes and had worked for two years with an international consulting company. The latter had the enviable reputation...

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Moneylife Digital Team 03 October 2024
Holding Tata AIA Life Insurance Co Ltd (earlier known as Tata AIG Life Insurance Co Ltd) responsible for not notifying the complainant of acceptance or rejection of an insurance proposal within the required 15-day period, which constitutes a breach of regulatory obligation, the national...

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Ayesha Arvind (Bar  and   Bench) 03 October 2024
The Karnataka High Court recently directed the State government to pay Rs10 lakh as compensation to Sanjana Raghunath, an international chess player, after she was denied an MBBS seat in a government medical college under the sports quota despite being eligible.   In a judgement passed on...

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Moneylife Digital Team 01 October 2024
The Reserve Bank of India (RBI) says it has observed several irregular practices by gold loan businesses and has asked supervised entities (SEs), including non-banking finance companies (NBFCs), to review their policies and also undertake a portfolio review.   Recently, RBI reviewed the...

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Moneylife Digital Team 27 September 2024
In a significant development following Moneylife's report, Supreme Infrastructure India Limited (SIIL) has withdrawn its proposed preferential issue of equity shares and convertible warrants that had raised serious concerns about corporate governance and public fund management. Moneylife...

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Moneylife Digital Team 24 September 2024
Sharing a Moneylife report on X, Jairam Ramesh, Congress party's general secretary in-charge of communication has urged Reserve Bank of India (RBI) to step in and examine State Bank of India (SBI)'s decision to convert its outstanding debt into equity in Supreme Infrastructure India Ltd...

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Moneylife Digital Team 24 September 2024
Sharing a Moneylife report on X, Jairam Ramesh, Congress party's general secretary in-charge of communication has urged Reserve Bank of India (RBI) to step in and examine State Bank of India (SBI)'s decision to convert its outstanding debt into equity in Supreme Infrastructure India Ltd...

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Moneylife Digital Team 24 September 2024
Rejecting the contention of New India Assurance Co Ltd about collusive intent between the claimants and the police, hospital and officials of Rashtriya Ispat Nigam Ltd (RINL), the national consumer disputes redressal commission (NCDRC) directed the insurer to pay Rs2.62 crore as the death...

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Moneylife Digital Team 23 September 2024
In a move that has surprised corporate watchers, State Bank of India (SBI) will take a dual role in the debt restructuring of defaulter Supreme Infrastructure India Ltd (SIIL). This development marks an unprecedented step in India's corporate debt resolution landscape, as the country's largest...

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Moneylife Digital Team 20 September 2024
Anna Sebastian Perayil, who cleared the chartered account (CA) exam in November and was working at the Pune office of Ernst & Young (EY), passed away at 26. In a letter to Rajiv Memani, chairman of EY India, her grieving mother, Anita Augustine, alleged relentless work pressure as the cause of...

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The news item on Vinesh Phogat, who lost the gold medal at the Paris Olympics but won millions of hearts around the world, made me think again of the concept of TRUST.   There is an old story about a monk in the Middle East who lived in a cave and became a recluse to the rest of the world....

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Moneylife Digital Team 19 September 2024
Taking cogniSance of the uproar on social media about the death of Anna Sebastian Perayil, a young chartered accountant (CA), due to work pressure in the Pune office of Ernst & Young (EY), Shobha Karandlaje, Union minister of state for labour and employment, assured a thorough investigation...

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Alleging that many fake disabled employees are working in the Trivandrum central railway station, who allegedly got jobs with the help of fake writers during their written examination, an RTI applicant’s request for the list of names of disabled personnel employed in the Southern Railways, was...

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Moneylife Digital Team 13 September 2024
Holding Star Health & Allied Insurance Company Ltd guilty for not providing privileged facilitation in medicare for a senior citizen, the national consumer disputes redressal commission (NCDRC) directed the insurer to reimburse Rs3.20 lakh with 10%pa (per annum) and Rs1 lakh litigation costs....

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Moneylife Digital Team 12 September 2024
The Union Cabinet has approved health coverage to all senior citizens aged 70 years and above, irrespective of income, under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This will benefit about 45mn (million) families, with 60mn senior citizens receiving Rs5 lakh free...

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Moneylife Digital Team 10 September 2024
Observing that insurance claim repudiation citing evidence of pre-existing diseases which are also not related to the cause of death cannot be sustained, the national consumer disputes redressal commission (NCDRC) directed Bharti Axa Life Insurance Co Ltd to repay the home loan under the terms...

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Moneylife Digital Team 10 September 2024
After reaching a broad consensus on reducing taxes on health and life insurance premiums, the goods and services tax (GST) council will take a final decision on this during its meeting in November.    Briefing reporters after the 54th meeting of the GST council, Union finance minister (FM)...

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Moneylife Digital Team 06 September 2024
Rejecting the repudiation of an insurance claim citing non-disclosure of a pre-existing disease, the national consumer disputes redressal commission (NCDRC) directed Life Insurance Corporation of India (LIC) to pay Rs10 lakh with 6% interest per annum (pa) and Rs50,000 as cost of litigation to...

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Moneylife Digital Team 04 September 2024
Pensioners under the Employees' Pension Scheme (EPS) 1995 run by the employees' provident fund organisation (EPFO) will be able to get their pension from any bank or branch across India from January, the Union government says. EPFO's apex decision-making body, the central board of trustees...

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