Bank of Baroda has stated it will legally contest a $15 billion lawsuit filed against it. The case was initiated by BR Shetty, founder of NMC Health. Shetty's suit alleges the bank's involvement in a financial scandal. The legal action is part of the ongoing fallout from NMC Health's collapse.
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The Indian government has increased the tax exemption threshold for inherited agricultural land. The limit has been raised from Rs 30 lakh to Rs 75 lakh. This change applies when calculating capital gains tax upon the sale of such inherited property. The move is intended to provide relief to heirs of agricultural landowners.
A report warns that India's economic growth is vulnerable to disruptions at critical maritime choke points. The nation's reliance on imports like oil and electronics makes it susceptible to these global bottlenecks. Recent events like Red Sea attacks highlight the real-world impact of such geopolitical tensions. Experts urge India to develop resilient supply chains to secure its long-term economic stability.
An Air India flight was diverted to Mumbai on February 27 following a bomb and hijack threat. The flight, AI-171, was en route from Delhi to San Francisco at the time of the incident. Security agencies conducted a thorough check of the aircraft and passengers upon landing. The threat was later declared a hoax, and the flight was cleared to continue its journey.
A man has been awarded Rs 43,000 in compensation by a consumer forum after his luggage was lost during a train journey. The incident occurred while he was traveling with Southern Railway. The consumer forum ruled that the railway was liable for the loss of the passenger's belongings. It ordered the compensation to be paid for the deficiency in service. The ruling reinforces passenger rights regarding the safekeeping of luggage during rail travel.
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