The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
Sukanya Verma lists 10 of our best ruling the roost of Hindi cinema right now.
Scores of people scrambled for milk and food packets in flood-ravaged Vijayawada on Monday, and also complained about alleged government apathy towards their hardships in the past three days.
The new scheme may be announced before the Lok Sabha elections.
The snake, suspected to be a spectacled cobra, was stuck in the adhesive tape used for the packaging, said the couple, who had ordered an Xbox controller from the online retail giant.
'People were asleep when they heard a loud noise and then a huge deluge of water accompanied with boulders and trees hit their homes.' 'Locals say around 400 houses have totally vanished in the landslide and floods.'
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
Since 2008, the Bureau of Energy Efficiency is running a star rating programme, under which electric equipment are rated according to their efficiency. This in turn helps the consumers save electricity.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
The jury is still out whether the GST will lower or increase your monthly budget, says Priya Nair.
Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, said the government will also adopt an economic approach that facilitates sustainable development and improves productivity.
'We will have multiple engine options -- electric vehicle and internal combustion engine in diesel and petrol.'
And it has to be done in less than 200 days!
'People don't know about the immense pressures that come with this position -- every decision a judge takes affects real people and their lives.' 'This is not a job that one can take lightly.' A
Jaishankar briefed the leaders of all parties about the situation in the violence-hit nation and the steps taken by the Indian government.
'Earlier there was no provision for considering TCS collected from the taxpayer for overall tax computation.' 'Now, credit will be given by the employer for TCS already collected to consider net tax to be deductible.'
Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.
Updated new base years for national accounts and other macro-indicators are expected to come into effect from January-February 2026, coinciding with the first and second advance estimates of national income for FY26, senior official sources aware of the development told Business Standard. "The statistics ministry set up the Advisory Committee on National Accounts Statistics (ACNAS) earlier this week. "It will advise on the base year for GDP (gross domestic product) and its alignment with other macro-indicators.
Lamborghini has sold 10,112 cars worldwide -- so India's 100 is certainly a big deal for them. But how big a deal is it for us to peg our consumption theories around, asks Rama Bijapurkar.
Rafael Nadal made a triumphant return to Roland Garros on Sunday
The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. "Core inflation is trending downwards, indicating a broad-based moderation in price pressures... Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
Air Marshal Denzil Keelor was an Indian Air Force legend. His nephew Basil Keelor, son of another war hero Wing Commander Trevor Keelor, remembers a remarkable officer and gentleman.
'He had a lovely, lovely, sense of humour, very subdued and very, very subtle, but it was very, very, prominent.'
The ED on Monday had raided a 2BHK flat in Ranchi that is allegedly occupied by Lal's domestic help Jehangir, as part of a money laundering investigation into alleged irregularities in the state rural development department, they said.
Against the Reserve Bank of India's (RBI's) projection of 7.1 per cent, India's first quarter (Q1) 2024-25 (FY25) gross domestic product (GDP) growth came in at 6.7 per cent. This is in line with market expectations and significantly lower than the 7.8 per cent recorded in the fourth quarter (Q4) 2023-24 (FY24) and 8.2 per cent in Q1FY24. The quarter witnessed decreased government consumption and investment spending due to the parliamentary election.
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services. With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Asserting that the situation was deteriorating, Rosario urged Yunus to resolve the crisis by giving it top priority and putting an end to the violence.
Mumbai's historic tryst with the Lord of Wisdom began at the Keshavji Naik Chawl in 1893.
Flipkart's hyper-value e-commerce platform Shopsy is intensifying efforts to tap over half of the 821 million internet users (about 442 million) in rural India. These efforts are being led by Prathyusha Agarwal, who recently joined as business head at Shopsy. The aim is to become the go-to destination for consumers seeking entry-level products across various categories.
Restoration of Article 370 and Jammu and Kashmir's statehood as well as implementation of the autonomy resolution passed by the erstwhile assembly in 2000 are among the National Conference's 12 guarantees announced in its manifesto for the upcoming polls.
Ahead of the upcoming elections, political parties have started announcing incentives to benefit women, but what do women truly seek for genuine gender parity, asks Nivedita Mookerji.
At 22, Manu Bhaker has already become one of India's greatest athletes by winning two medals in the same Olympics.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Prime Minister Narendra Modi on Friday announced a Rs 100 per cylinder cut in cooking gas LPG price to ease financial burden on households. Non-subsidised cooking gas price will be cut to Rs 803 per 14.2-kg cylinder in the national capital with effect from midnight of Friday/Saturday, official sources said. Prices vary from state to state depending on the incidence on local taxes.
Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.
An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.
'Garm Hava understands that the scorching, hate-filled, doubt-filled affair between Hindus and Muslims is our national love affair.' Sreehari Nair revisits M S Sathyu's classic film, featuring the incomparable Balraj Sahni at his finest in his final role.
These ID cards would form the base of a multi-application smart cards system that can be used to empower the poor and ensure that they get full benefit of all programmes such as NREGA, PDS, biblically provided education, skill development, heath services, social security and fertiliser subsidy etc, it added.
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