The Reserve Bank has given time till November 30 to banks and NBFCs to put in place a mechanism to ensure that existing digital loans are in compliance with the modified norms aimed at protecting the interest of customers. Last month, the central bank tightened norms for 'digital lending' to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. In a circular, the RBI said outsourcing arrangements entered by Regulated Entities (REs) with a Lending Service Provider (LSP)/ Digital Lending App (DLA) do not diminish the REs' obligations and they shall continue to conform to the extant guidelines on outsourcing.
Has the IPL, its players and fans become secondary as big companies cynically use India's most followed and visible sport to push their phone or toothpaste brands?
The bench said the petition has relied on a March 2 verdict of the apex court which had ruled that the appointment of the Chief Election Commissioner and ECs will be done by the President on the recommendation of a committee, comprising the prime minister, Leader of the Opposition in Lok Sabha and the CJI, to maintain the "purity of election".
The Centre on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November.
"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
Blinken was expected to meet with his Chinese counterpart, and potentially with President Xi Jinping.
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
Taking note of the central government's submission, Justice Yashwant Varma closed the proceedings in the application filed by Swamy in which he claimed that in spite of an earlier assurance, the Centre was yet to make adequate security arrangements at his private accommodation.
The Central Industrial Security Force (CISF) has prepared a pool of more than 100 personnel to man additional security counters expected to be handed over to it for easing the ongoing congestion at large airports of Delhi and Mumbai, official sources said Wednesday.
They said various Mandarin language courses are being run at the language schools at the Northern, Eastern and Central commands of the Army.
The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process. In August last year, the RBI had tightened norms for digital lending to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).
A day after his disqualification from the Rajya Sabha, Congress leader Rashid Masood on Tuesday moved the Delhi high court challenging his conviction and four years sentence in a corruption case.
India is expected to harvest 291.95 mt of foodgrain in 2019-20
The former I-League champions collected the Invitation To Bid document on the last day and Thursday is the submission deadline.
Quoting Shakespeare, he noted: "As Shakespeare said of the earlier Queen Elizabeth, she was a pattern to all princes living."
India's wheat exports could touch a new record of 10 million tonnes in 2022-23, up from a record seven million tonnes in the current financial year, if global market conditions remain choppy and no curbs are imposed on outbound shipments. That is the bullish estimate by officials from global trading firms and market watchers who say the Russia-Ukraine crisis has not only attracted global buyers to India but also pushed the price of Indian wheat from around $320 per tonne (FOB) to over $360 per tonne in less than 10 days. Food secretary Sudhanshu Pandey told reporters that wheat exports till February-end have already reached 6.6 million tonnes and by the end of March, outbound shipments will reach seven million tonnes.
Russian President Vladimir Putin told a summit of the Shanghai Cooperation Organisation (SCO) on Friday that the group should consider staging its own major sporting competition.
India is one of the few countries in the region that enjoys good relations with both Israel and Saudi Arabia, and IMEC would allow it to recreate the old Spice Route to Europe. All this is in jeopardy now, notes Rajeev Srinivasan.
The urgent need to address a large number of beneficiaries waiting for second dose of vaccine was stressed in a meeting held by Union Health Secretary Rajesh Bhushan and Dr R S Sharma, the Chairman of Empowered Group on Technology and Data Management to Combat COVID-19, with state officials to review the status of COVID-19 vaccination on Tuesday.
The Danish DBU football association tweeted that the Eriksen was 'awake and at Rigshospitalet for further examinations'
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
Cyclone 'Biparjoy', the first storm brewing in the Arabian Sea this year, has rapidly intensified into a severe cyclonic storm, with meteorologists predicting a 'mild' monsoon onset over Kerala and 'weak' progress beyond southern peninsular under its influence.
The proposal is awaiting final policy sanction from the home ministry.
China on Tuesday announced that its Defence Minister General Li Shangfu will visit India this week to attend the meeting of SCO defence ministers from April 27 during which he is expected to hold talks with his Indian counterpart Rajnath Singh on ending the prolonged eastern Ladakh standoff which has severely strained bilateral ties.
A look at the best goals from the Euro 2020 round of 16 matches played on Sunday.
As per ICC norm, the host nation is required to get tax exemption from the government for hosting tournaments organised by the global body. Since India's tax rules don't allow such exemptions, the BCCI has already lost close to Rs 193 crore as the government didn't exempt tax surcharge for hosting the 2016 ICC T20 World Cup. The ICC is expecting US$ 533.29 million (Rs 4400 crores approx) from the broadcasting revenue of the 2023 event in India.
Indian policymakers are almost alone, alongside the United States, in seeking a hard and multi-sectoral global decoupling from China in the expectation that it will boost their economies, observes Mihir S Sharma.
The Queen's coffin then lowered into the royal vault in preparation for her final resting place by the side of her late husband of 73 years, Prince Philip, in an enclave of the historic chapel on her south-east England estate of Windsor.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Thousands of irate anti-government protesters in Sri Lanka on Saturday stormed into embattled President Rajapaksa's official residence in central Colombo's high-security Fort area after breaking the barricades, as they demanded his resignation over the island nation's worst economic crisis in recent memory.
Any serving or retired lieutenant general, air marshal and vice admiral under the age of 62 years will be eligible for the post of Chief of Defence Staff, according to notifications issued by the government.
The CBI had received Rs 802.19 crore initially in the last budget and it was increased to Rs 835.75 crore in the revised estimates for 2020-21.
Gajendra Singh Shekhawat, Vasundhara Raje, Satish Poonia, Kailash Choudhary: Who will it be if the BJP comes to power in Rajasthan next year?
In total, the Centre plans to purchase around 40.7 million tonnes of wheat from farmers this year, which is almost 19 per cent more than last year.
Queen Elizabeth II will be buried with her late husband Prince Philip at the conclusion of a solemn state funeral service made up of an hour-long ceremony at Westminster Abbey in London on Monday, Buckingham Palace announced on Thursday.
The court was informed by the central government that a security review of Swamy's private house, where he would be residing after vacating the government-allotted bungalow, has been undertaken.
A magnificent long-range strike from Youri Tielemans gave Leicester City their first FA Cup triumph with a 1-0 victory over Chelsea at Wembley on Saturday, in front of the biggest crowd in England since March 2020.
'I don't think Shami had any doubts that Ravi would stick by his word, but to see the head coach move heaven and earth to ensure his best interests were taken care of at a difficult time must have made a massive impact on him.' A fascinating excerpt from R Sridhar's must-read book Coaching Beyond: My Days with the Indian Cricket Team.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
Under the PMFBY - introduced in 2016 - farmers have to pay a maximum of 2 per cent of the sum insured for kharif and 1.5 per cent for rabi food and oilseed crops and 5 per cent for commercial/horticultural crops. Eighteen general insurance companies, including five public sector insurance firms, have been empanelled for the scheme's implementation.
