'Due to the Israel-Hamas conflict, a faction operating in the Red Sea -- which is a typically safe area - has been firing projectiles arbitrarily.' 'Additionally, there have been two incidents involving Somali pirates, and one vessel has been hijacked.'
The Reserve Bank of India (RBI) has updated Know Your Customer (KYC) norms for politically exposed persons (PEPs) who transact with regulated entities (REs), seeking to comply with the recommendations of intergovernmental organisation Financial Action Task Force (FATF). PEPs are individuals entrusted with prominent public functions by a foreign country, including the heads of states/governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials, said the RBI. This change is expected to provide more clarity to undertake Customer Due Diligence (CDD), said the RBI in a communication to REs.
RBI has cited at least 10 areas where it has no control over PSBs.
Each scam that comes out in the open shows the regulators to be miles behind.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
The government on Thursday listed bills on personal data protection, to amend forest conservation laws and on the contentious ordinance on Delhi services for the monsoon session of Parliament beginning next week.
Making such publication mandatory would invade in the fundamental rights of liberty and privacy, the Lucknow bench of Allahabad high court said.
In a post on Instagram on Tuesday, Singh alleged that the administration was harassing him to prove that the child was legal.
'The Election Commission cannot be regulated by the government.'
Dismissing the petitions, a bench headed by Chief Justice Satish Chandra Sharma said Google Pay is "mere third-party app provider" which requires no authorisation from RBI under the Payments and Settlement Systems Act.
'What the Supreme Court decision does is encourage more and more young Indians to get involved in citizenship and democracy and do so more fearlessly.' 'Obviously, this is not a licence to be rude or go defaming people or be obnoxious online or do illegal activities online.' 'But this is a licence and green light for people to get more involved in the country, its politics and governance, its businesses, and be freely expressing your views on it.'
The present ruling also has a bearing on Nestle's Maggi noodles.
The critics say the move is against the interest of the consumers and favours big corporate companies.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
Capital markets regulator Sebi has kept in 'abeyance' the proposed initial share sale of securities depository NSDL. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
A recent public interest suit in the Supreme Court over foreign direct investment (FDI) in retail may have thrown the industry into a tizzy, but lawyers, constitutional experts and government officials indicate the multi-brand retail FDI policy is unlikely to get derailed over Fema.
The Gujarat high court on Monday said it does not have faith in the state machinery which gets into action only after innocent lives are lost, as it pulled up the Rajkot civic body over the purported lapses in functioning of the game zone facility where a massive fire killed 27 persons.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The bench took on record the statement of senior advocate Amit Anand Tiwari for Tamil Nadu that there are no restrictions on 'puja archana' in temples or live telecast of consecration ceremony at Ayodhya.
The 'Indira Gandhi award for best debut film' and the 'Nargis Dutt award for best feature film on national integration' have been retitled with the names of the late prime minister and legendary actor being dropped as part of a raft of changes for the National Film Awards, according to a notification.
The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay. Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.
Improvement in financial savings channelised massive inflows into the equities market through the mutual fund route.
Suryakumar Yadav smashed an unbeaten century as Mumbai Indians eased past Sunrisers Hyderabad by seven wickets.
