News
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RBI Red Flags ‘Lakhs’ Of Accounts Used For Fraud & Evergreening
The Reserve Bank of India has raised an alarm over certain banks having ‘lakhs’ of accounts used for fraudulent transactions and evergreening of loans during an interaction with chief financial officers and auditors of banks and financial institutions on July 9. “One area that has come into sharper focus in the last couple of years […]
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Ramoji Rao Is No More: The Man Who Lived As Interface Between Business & Politics
Cherukuri Ramoji Rao, Padma Vibhushan, died today at 88. He began as a small-time exporter of Indian goods to the Soviet Union, started and ran a highly successful chit fund business, sold bottled pickle and founded a hospitality group, launched Telugu and English newspapers that ruled over undivided Andhra Pradesh for several decades, made many […]
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1st Batch Of 300 Granted Citizenship Under CAA
The Centre on May 15 granted the first batch of citizenship certificates to over 300 people under the Citizenship Amendment Act (CAA), the event coming in the middle of a high-stakes general election where the controversial law is a livewire campaign issue in key provinces. Union home secretary Ajay Bhalla handed over the certificates to […]
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India Must Create 115 Mn Jobs By 2030 As More People Enter Workforce: Study
India needs to create 115 million jobs by 2030 as more people enter the workforce, a study showed, suggesting the South Asian nation has to boost services and manufacturing to keep the economy expanding. Asia’s third largest economy will need to generate 16.5 million jobs each year, up from 12.4 million annually in the last […]
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Supreme Court Puts SBI On Notice Over Electoral Bonds: ‘Wilful Disobedience’
The Supreme Court on March 11 ordered the State Bank of India (SBI) to submit electoral bond donor details to the Election Commission of India (EC) by tomorrow, March 12, dismissing the lender’s petition seeking more time to do the same. Observing that the petitioner’s submissions indicate that all information is “readily available”, the top […]
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LIC grabs Rs. 21,740 Cr Refund from Income Tax Dept
India’s Life Insurance Corporation ( LIC ) recently disclosed receiving tax refund orders totalling ₹21,740.77 crore from the Income Tax Department. These refunds pertain to Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19, and 2019-20, with the overall refund amounting to ₹25,464.46 crore. On February 15, 2024, the Income Tax Department disbursed ₹21,740.77 crore, while […]
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India Halts Visa-Free Entry From Myanmar
Home minister Amit Shah on February 7 announced the decision to scrap the free movement regime (FMR) with Myanmar in the interest of internal security of the country and to maintain the demographic structure of the northeastern states bordering Myanmar. Pending the formal scrapping of FMR by the Union ministry of external affairs, the home ministry also recommended immediate […]
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Interim Budget: FM Sticks To Fiscal Consolidation Path In Budget Speech
Finance Minister Nirmala Sitharaman on February 01, 2024, stuck to the path of fiscal consolidation in her Interim Budget speech. She said that the fiscal deficit in 2023-24 is expected to be 5.8 per cent, lower than the earlier estimates of 5.9 per cent. For 2024-25, it has been pegged at 5.1 per cent. “We […]
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Google Makes It Easy To Unsubscribe Emails On Gmail App For IOS: Report
Google has added a dedicated button for unsubscribing to emails on the Gmail app for iOS. According to a report by Android Authority, Google has started rolling out an easier way to unsubscribe to emails with a dedicated ‘unsubscribe’ button on iOS devices. The new button is placed just below the email’s subject line in […]
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India 15th In Top 25 AI Nations But Has ‘Greatest Upward Potential’
India may be 15th among the top 25 Artificial Intelligence nations, but it has the ‘the greatest upward potential’ according to research by Tufts University’s business school, the Fletcher School. At the top is the US, followed by China, fighting for global leadership in AI followed by the UK, Japan, and Germany. In the 15th […]
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Nominations Invited For INBA’s 9th Annual Awards On Nov 26, 2023 At Constitution Club, New Delhi
To coincide with the Indian Constitution Day celebrations, INBA is hosting 12th Annual International Conference titled “74th Constitution Day” on November 26, 2023 at Constitution Club, New Delhi. As a mark of respect and admiration for the challenging and services rendered by Lawyers, INBA takes pride in announcing INBA’s 9th Annual Awards 2023 on this […]