I-League: Churchill Brothers hand Mohammedan Sporting first defeat of season
The loss to policyholders due to massive mis-selling of insurance policies by trusted private sector and public sector banks will be well in excess of Rs 2 trillion, warns Harsh Roongta.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao on Wednesday defended the central bank's decision of not allowing industrial houses to float banks, and said more deliberations are needed before RBI changes its stance on this issue agreed back in 2001. An internal working group (IWG) of the RBI had recommended allowing industrial groups into banking, but late last month the RBI said it kept on hold the two recommendations of allowing industrial houses and large non-banks to float banks. However, RBI had accepted 21 of the 33 recommendations of the group that submitted its report a year ago.
IMAGES from the IPL match between Rajasthan Royals and Mumbai Indians in Navi Mumbai on Saturday.
He finished unbeaten on a career-best 78 not out from 52 balls, hitting three fours and four sixes, putting on a match-turning stand of 111 runs with Maxwell, who stroked 51 not out from 33 balls.
United are four points behind fourth-placed Arsenal, with a game in hand, as they search for a way into the top four and a place in next season's Champions League.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
If pandemic (mis)management threatened to dominate Goa's electoral discourse, the BJP is up against a deeper structural issue in its organisation, created by the fact that a majority of the legislature party and the ministerial council is made up of Congress defectors, disparagingly referred to by the Opposition as "imports". Radhika Ramaseshan reports.
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
Pawar said he was upset that his three sisters were dragged into this.
There were a few nerves at the end but Liverpool set up a Champions League semi-final with Spain's Villarreal after Roberto Firmino scored twice in a 3-3 second-leg draw with Benfica on Wednesday to ensure a 6-4 aggregate win.
Tech-driven skills will be in demand in the post pandemic era, alerts Sonya Hooja, COO and co-founder, Imarticus Learning.
The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
The government is taking the cutoff of about 100 days if reinfection occurs.
Modi stressed on the need for constant genome sequencing to monitor emergence of mutants and also to ensure increased oxygen availability, the Prime Minister's Office (PMO) said in a statement.
'India should be adequately prepared for further Chinese mis-adventures at any time in the next few years.'
P V Sindhu beat world No.12 Busanan 21-17, 21-13 in the women's singles opener, while Kidambi Srikanth demolished Sitthikom Thammasin 21-11, 21-11 in 37 minutes in the men's singles.
While the infection has been mild in most reported cases, those below two years of age are showing signs of acute infection.
Images from the T20 World Cup Super 12s match between Bangladesh and England, in Abu Dhabi, on Wednesday.
The Bal Puraskar was conferred by Prime Minister Narendra Modi, who gave digital certificates to the awardees using blockchain technology developed by IIT Kanpur.
The BCCI's medical team is working overtime with the Tamil Nadu wrist spinner, whose knees are not in the best of condition.
Images from the Indian Premier League match between Rajasthan Royals and Sunrisers Hyderabad, in Dubai, on Monday.
Images from Day 1 of the third Test between South Africa and India, in Cape Town, on Tuesday.
Manchester City moved back to second in the Premier League after a stylish 3-0 win over Everton at the Etihad Stadium on Sunday as Pep Guardiola's side responded to convincing Chelsea and Liverpool wins with a reminder of their class.
The Centre on Tuesday said it will not seek disclosure of flash sales from e-commerce players to regulate the fraudulent sale of goods and services but will take appropriate action as per the law on consumer complaints. Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the e-tailers need not be "anxious" about the draft rules. Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer -- are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a "policy priority" for the central bank to make the post-pandemic recovery more equitable and sustainable. The Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of access, usage and quality, Das said, while speaking at the Economic Times Financial Inclusion Summit. It is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable of effectively addressing risks like mis-selling, cybersecurity, data privacy and promoting trust in the financial system through appropriate financial education and awareness, he added.
Roopam Asthana, CEO and the whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH and AUTO insurance.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The 85th Annual Academy Awards have been announced. Here's a quick glance at the winners.
Among the key demands of agitating farmers has been a legal guarantee on minimum support price (MSP). The protest reached a crescendo when thousands of farmers from Punjab and elsewhere marched towards Delhi late last year and decided to block the main entry points once they were denied entry. The Centre, on its part, held 11 rounds of discussions with the protesters and even offered to amend some of the provisions without much success. With now one of their chief demands met, farmers have now moved on to force the government to concede on MSP.
Bank dismisses mis-selling charges, says lawsuit filed after it initiated legal recovery action over loan default
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
Images from the T20 World Cup semi-final between England and New Zealand, in Abu Dhabi, on Wednesday.
Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital markets regulator Sebi claimed that recent press releases by Kirloskar Oil Engines Ltd (KOEL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd (KPCL) and Kirloskar Ferrous Industries Ltd (KFIL) "have sought to usurp the legacy" of KBL. Also, they attempted to pass off the legacy and track record of KBL as that of their own, the letter said.
The illicit financial inflow of $770 billion was 14 per cent of India's total trade of $5,500,744 million, the report said.
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors.
Skipper K L Rahul scored a combative 91 and young Harpreet Brar shone with bat and ball as Punjab Kings beat Royal Challengers Bangalore by 34 runs in the IPL match, in Ahmedabad, on Friday.
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