Author: Legal Parivar

Hindustan Zinc Limited witnessed a significant surge of 4.6 percent in its shares during afternoon trade on April 3 following its announcement of the highest-ever quarterly refined metal production at 273 kilo tonnes (KT) in March, attributed to improved plant availability. In the March quarter, mined metal production reached 299 KT, marking an 11 percent increase from the previous quarter. This growth was driven by a combination of enhanced mined metal grades and increased ore production across mines. For the fiscal year FY24, mined metal production reached 1,079 KT, a 2 percent increase from the previous year, setting a new…

Balance transfer on credit cards involves transferring the outstanding debt from one or more credit cards to a new card with a lower interest rate. While this can be an effective method for managing debt, it’s essential to recognize that it may have implications for your credit score, also known as the CIBIL score. For instance, if an individual holds two credit cards with outstanding bills of ₹ 5 lakh each, they can consolidate these balances onto a third card with a higher credit limit, say ₹12 lakh, and a lower interest rate. By doing so, not only can the…

A Delhi court issued directives to AAP leader Sanjay Singh on Wednesday, instructing him not to tamper with evidence or influence witnesses in the Excise “scam” case. Special Judge Kaveri Baweja issued these directives before granting Singh release from Tihar central jail, following bail granted to him by the Supreme Court on Tuesday. Additionally, the judge ordered Singh to surrender his passport, provide details of his travel plans before leaving the National Capital Region (NCR), and maintain his phone’s location tracking. During the brief hearing, Singh’s legal representative informed the court that the politician’s wife would serve as surety for…

Systematic withdrawal plans (SWPs) are integral to retirement planning and managing investment portfolios for regular income. Unlike systematic investment plans (SIPs) that focus on disciplined investing and compounding, SWPs cater to investors seeking to generate income from their investments. What are systematic withdrawal plans? Systematic Withdrawal Plans involve setting up a predetermined schedule to withdraw a specified amount of money from investment accounts at regular intervals, such as monthly, quarterly, or annually. SWPs are commonly used in mutual funds and other investment vehicles. Efficient utilization of SWPs requires careful planning, considering factors like financial goals, risk tolerance, investment strategy, and…

The Monetary Policy Committee (MPC) is set to convene later this week for its inaugural session of FY2025, coinciding with the Reserve Bank of India’s 90th year. As the first policy review of the fiscal year unfolds, maintaining the current rates and stance appears highly likely, alongside a cautious assessment of both inflationary pressures and geopolitical developments. Recapping the last policy review held in early February 2024, the MPC opted for status quo on policy rates and stance, although the decision wasn’t unanimous. While one member advocated for a 25 basis points rate cut and a shift in policy stance…

Aam Aadmi Party (AAP) leaders are set to stage a fasting dharna at Jantar Mantar on April 7 in protest against the arrest of Delhi Chief Minister Arvind Kejriwal, announced party leader Gopal Rai on Wednesday. Rai, who also serves as a cabinet minister in the Kejriwal government, made the announcement during a press conference, urging supporters to join in a nationwide fast against the detention of the party’s national convener. Encouraging participation, Rai stated, “If you oppose the arrest of Delhi Chief Minister, you can observe a fast on April 7. You can conduct the collective fast anywhere -…

According to sources reported by ANI on April 3, the Ministry of Home Affairs (MHA) has revoked the Foreign Contribution Regulation Act (FCRA licenses) of five prominent NGOs. The decision came after due process and was based on various violations, including the misuse of foreign grants. The affected NGOs include the CNI Synodical Board of Social Service (CNI-SBSS), Voluntary Health Association of India (VHAI), Indo-Global Social Service Society (IGSSS), Church Auxiliary for Social Action (CASA), and Evangelical Fellowship of India (EFOI), as per the sources. Awaiting Further Updates This is a developing story, and more updates are awaited as the…

Adani Power Ltd’s shares reached a new all-time high on April 3, extending gains for the fourth consecutive session amid increased trading volumes. The stock surged by 5 percent to reach a record peak of Rs 611.75 on the BSE, following an 18.4 percent increase over the past four trading days. Year-to-date, it has risen by 15.3 percent, and over the last twelve months, it has soared by 214 percent. Despite Adani Power’s market capitalization standing at Rs 2.33 lakh crore, the stock is covered by only one brokerage firm, Ventura Securities. It currently ranks 37th among all listed companies…

With the onset of the new financial year on April 1, salaried individuals find themselves at a crossroads, having to decide between the new and old tax regimes. Since FY 2023-24, the new income tax regime has become the default option, necessitating taxpayers’ understanding of the applicable income tax rates and slabs. Earlier in the month, the Finance Ministry addressed misinformation surrounding the new tax regime in a social media post, underscoring the importance of clarity on the subject. If you’re grappling with the decision between the two regimes, here are some pointers to help you make an informed choice:…

Preliminary assessments from the Indian Cellular and Electronics Association (ICEA) indicate a significant surge in the value of mobile device production in India, reaching ₹4.1 lakh crore ($49.16 billion) according to a Business Standard report. This represents a 17 percent year-on-year (YoY) increase. Despite stagnant domestic sales volume, the report highlights that the value of mobile exports remains robust. Smartphone sales remained relatively stable at 145-150 million units in FY24, with a slight uptick observed in the last quarter. The production value for the domestic market is projected to have grown by 11 percent, rising from ₹2.6 lakh crore in…