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homebuyers

Two homebuyers booked flats and paid Rs 1.16 crore in 2013, they were promised possession by 2014; years later they still had no homes, MahaRERA orders builder to refund money with interest

The two homebuyers received an allotment letter dated February 18, 2013. (Image for representative purpose only) Two homebuyers booked flats on the sixth and seventh floors of a Mumbai housing project in 2013. They were assured that they would get possession for the flats by December 2014. But their dream of getting the flats remains...
epfo claim

EPFO delayed a retiree’s Rs 14.06 lakh PF claim by 35 days, citing a missing document; consumer court rejects defence and orders 6% interest

The commission held that the EPFO was required to process and settle the claim within the prescribed period. (Image for representative purpose only) Your provident fund savings are your retirement corpus. In one case of what the consumer court saw as a delay in disbursal of claim amount, retiree has been awarded a 6% interest...
fm nirmala sitharaman

‘AI a double-edged sword’: FM Sitharaman flags innovation risks, urges efficiency without fragility

Finance minister Nirmala Sitharaman described artificial intelligence as “a double edged sword”, warning that while it can help detect fraud, it can also be used to perpetrate it. Speaking at the Global Fintech Fest 2026, Sitharaman also added that innovation should expand efficiency without creating new forms of systemic fragility.Cautioning about the risks linked to...
tax notice on remittances

Indian working in Kuwait sent home over a crore in remittances but filed no ITR; taxman treated Rs 3.63 crore as unexplained, ITAT deletes Rs 5.52 lakh and orders fresh check of Rs 2.50 crore

The absence of an original ITR became a key issue. An Indian working in Kuwait and originally from Ahmedabad received an income tax notice after he failed to file an Income Tax Return (ITR), despite remitting more than a crore to his bank accounts in India.The man had moved to Kuwait to work in the...
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