Landlords wanted tenant out to open a law office; he said the reason for seeking eviction had changed and other properties were available, why Delhi High Court upheld eviction

The court first addressed the landlord-tenant relationship. (Image for representative purpose only) Tenant and landlord disputes are not uncommon and can sometimes turn into legal battles.In one such case two landlords wanted the tenant to vacate the property so they could open a law office, but the tenant refused and the matter went to court.The…

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‘To be finalised in line with changed circumstances’: Piyush Goyal on India-US trade deal

The commerce minister asserted that talks are on but final pact will be in line with “changed circumstances” India and the US will finalise their interim trade agreement framework in line with changing circumstances, commerce and industry minister Piyush Goyal said on Saturday, indicating that negotiations on the first phase of the bilateral trade agreement…

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Bank credit up 20% year-on-year in end September

MUMBAI: Banks concluded the first half of FY27 with an acceleration in balance-sheet expansion, as year-on-year credit growth climbed to 19.4% and aggregate deposit growth reached 17.8%, leaving the credit-to-deposit ratio at 81%.Total bank credit stood at over Rs 229.9 lakh crore as of Sept 30, while aggregate deposits reached about Rs 284 lakh crore….

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Woman buys Rs 1.03 crore 3BHK in Bengaluru, but builder fails to provide specially-enabled parking; Karnataka RERA orders provision within 60 days and audited maintenance accounts

The homebuyer purchased the apartment under a Sale Deed for a total consideration of Rs 1,03,28,979. (Image for representative purpose only) You buy an apartment with the builder promising some special parking provisions. But the builder fails to deliver and collects steep maintenance charges from residents. What do you do?In one such case, a woman…

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Now, RBI puts CRR and bond sale into play

Inflation has stayed above the Reserve Bank of India’s (RBI) target of 4% for the past three months (Photo: Reuters). MUMBAI: RBI has tightened daily cash reserve requirements for banks, impounding an additional Rs 1 lakh crore, and has announced a Rs 25,000 crore bond sale, moves that will drain liquidity from the banking system…

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Man did not file ITR, faced Rs 17.18 lakh penalty over alleged Rs 55.62 lakh unexplained cash deposits; ITAT Mumbai deletes penalty because tax officer invoked wrong provision

There was also a problem with the penalty order itself. Unexplained cash can lead to a notice from the Income Tax Department, and sometimes even a penalty. But what happens if the penalty is imposed under the wrong section?In one such case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that…

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Forex reserves fall by $13bn to $734.6bn

MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The…

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States to assess GDP through spending method

NEW DELHI: For decades, a state’s growth was measured by relying only on the production approach, or by gauging what factories, farms, and services within its borders produced. That model is now set for an overhaul, as the statistics ministry unveiled a new manual to compute state GDP via expenditure approach — by tracking household…

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