The Kashmiri Pandit family that braved peak militancy in Jammu and Kashmir in the 1990s to stay put in the Valley was forced to migrate to Jammu after terrorists killed its breadwinner Sanjay Sharma.
Prime Minister Narendra Modi on Friday underlined the need for converting fintech initiatives into fintech revolution to provide a low-cost and reliable payment system to the masses. Speaking at the InFinity Forum, he said technology is bringing a big shift in finance, and mobile payment last year exceeded ATM withdrawals. Fully digital banks without any physical branch offices are already a reality and may become commonplace in less than a decade, he said.
He called it the party's attempt at trying to lock up those who worship Hanuman. He claimed that the Congress had earlier locked up Lord Rama and now it wanted to lock up those who chant 'Jai Bajrang Bali' (Hail Hanuman).
200 staffers, consisting of RBI officials and support teams, who are essential to perform critical functions, were isolated at a separate facility in a dedicated quarantined environment near all three RBI data centres.
Konkona Sen Sharma's short Mirror in Lust Stories 2 is a rare thing: A feminist film that is also very, very funny, states Sreehari Nair.
Axis Bank on Wednesday said it has completed the acquisition of Citibank's retail business in India for a final cash consideration of Rs 11,603 crore. The sale excludes Citi's institutional client businesses in India. The third-largest private sector bank said the acquisition, announced first in March last year, will not necessitate any new capital requirements and stressed that the attrition numbers on customers are much better than expected.
Following are the highlights of the RBI's first monetary policy statement of 2022-23 unveiled by Governor Shaktikanta Das: Policy repo rate unchanged at 4%; marginal standing facility rate & bank rate too remain unchanged at 4.25%. Monetary stance to be accommodative with focus on withdrawal of accommodation to keep inflation within target. GDP growth projection for FY'23 slashed to 7.2% from 7.8%; growth projections based on assumption of crude oil (Indian basket) price at $100 a barrel during FY'23. Inflation forecast hiked to 5.7% for FY'23 from 4.5%.
The PM targeted the Opposition after launching the National Sickle Cell Anemia Eradication Mission 2047 by unveiling a portal and releasing a guideline for the management of the disease and different modules at Shahdol in Madhya Pradesh.
Its debit card holders can now withdraw cash from any ATM without charges till June 30.
The Union finance ministry on Thursday issued a clarification on the changes in FEMA rules which brings overseas international credit card spending under the RBI's liberalised remittance scheme (LRS). Here's how it affects you.
At Rs 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016.
A 40-year-old freelance journalist has claimed a person 'hypnotised' him over the phone and duped him of Rs 40,000, but police and experts said this is one of the 'most normal kinds of cyber fraud' and not a case of hypnosis.
In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.
The murders happened in July and August last year, and few parts of the mother's body were recovered on Sunday near Cherrapunji in Khasi Hills.
This is the time of year to be most on guard against a host of scams, new and old.
The Reserve Bank of India (RBI) on Wednesday allowed payment system providers, prepaid card issuers, card networks and white label ATM operators access to its Centralised Payment Systems (CPS), such as real time gross settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems in the first phase of its plan bring non-banks in the same platform. "Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem.
Demonetisation and Agniveer reveal the two mindsets India has become. In both these government schemes, one sees a desire to play the country like an orchestra anchored by conductor/conductors, argues Shyam G Menon.
Accusing the Congress of also abusing the dominant Lingayat community in poll-bound Karnataka, the prime minister further said the grand old party had even abused Babasaheb Ambedkar and were engaged in abusing Veer Savarkar.
A 25-year-old man allegedly stabbed to death his father, mother, sister and grandmother following a quarrel in southwest Delhi's Palam area, police said on Wednesday.
The ATMs are fully up now and customers can withdraw up to Rs 50,000 from Yes Bank as well as from other banks' ATMs.
Many PSBs are in the process of rationalisation of ATMs
A video of Tamil Nadu students holed up in some kind of a facility showed a number of youth cramped with their belongings, making the appeal to the government to ensure their safety and take all steps for their early return home.
Even by standards of fluff, Girls Hostel 3 floats away without any anchor to entertainment, observes Deepa Gahlot.
The rate of cash withdrawals over deposits was almost double in Uttar Pradesh, Andhra Pradesh and Telangana, according to the latest analysis submitted by the RBI to the finance ministry.
In recent weeks, Russia has concentrated its firepower on Ukraine's Donbas region, where it has long backed two separatist regions at war with the Ukrainian government since 2014.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
The current public mood is that it will be a hung assembly. No one, not even in the BJP, is talking about even a simple majority for the party.
'There are some high-frequency indicators where uptick is visible and some where it is not'
Most Indian fathers still want their children to study at the IITs and IIMs and draw a six-figure salary.
The students, most of whom are studying in Sumy State Medical University, said they fear for their safety as gunshots can be heard outside.
Pawan Kumar Soni, a 55-year-old farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.
Videos of the alleged heated argument between Gaikwad, his supporters and police personnel at Latur in Marathwada region, have gone viral on social media.
These directions on enhancing security of card transactions will come into effect from March 16, 2020, as per the RBI notification.
There's no love like the love for a sibling, and Bollywood sure does agree, says Sukanya Verma.
There's no love like the love for a sibling, and Bollywood sure does agree, says Sukanya Verma.
The family, originally from Harsi Pind in Hoshiarpur, Punjab, was kidnapped at a business in Merced County, California, on Monday.
Banks were given 15 days to increase dispensation of Rs 100 banknotes through ATMs which are "widely used"
Godhra is one of the 14 seats which the AIMIM is contesting in the next month's elections to the 182-member Gujarat assembly.
To educate customers on the modus operandi of financial fraudsters and share inputs on safe banking habits, banks are now coming up with awareness campaigns aimed at preventing customers from falling into the trap of fraudsters.
