The initiative comes in the wake of the stampede near the Chinnaswamy Cricket Stadium in Bengaluru on Wednesday that claimed 11 lives.
Started as a pilot project for Delhi, the new system will automatically convert into FIRs cyber financial crimes filed on the National Cybercrime Reporting Portal (NCRP) and helpline number 1930, initially above the threshold limit of Rs 10 lakh, he said.
Banks reported muted treasury gains during April-June of FY25 (Q1FY25) following Reserve Bank of India's (RBI's) revised norms on investment portfolio effective from April 1, 2024, despite softening of government bond yields. "Banks have reported muted treasury gains during Q1 of FY25 despite softening of yields across the curve. "The main reason was change in the investment valuation and classification guidelines by the RBI.
India's indigenously developed 'Akashteer' air defense system performed exceedingly well during 'Operation Sindoor,' according to Defence Research and Development Organisation (DRDO) chief Samir V Kamat. The fully automated system, deployed against terror sites in Pakistan and Pakistan-occupied Kashmir, integrates various radar systems, sensors, and communication technologies. Kamat expressed confidence in the system's success drawing international interest, highlighting India's progress toward self-reliance in the defense sector. He also addressed the future of warfare, emphasizing the need for a blend of traditional and emerging technologies, and outlined the development timeline for the indigenous 5.5-generation stealth fighter aircraft, the Advanced Medium Combat Aircraft (AMCA).
The FATF statement comes in the backdrop of Indian authorities highlighting Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement.
The Election Commission of India has invited all national and state political parties to provide suggestions by April 30 on any unresolved issues related to the electoral process. This call for feedback comes amid allegations of electoral roll manipulation, with opposition parties demanding a discussion in Parliament on the issue. The EC has also proposed an interaction with party presidents and senior members to further strengthen electoral processes.
'Such unpredictability is motivating families to seek destinations with a more stable educational system.'
The Reserve Bank of India (RBI) has extended the trading hours for the interbank call money market from July 1, and that of repo and tri-party repo markets from August 1. Market participants said the decision is intended to help reduce the large Standing Deposit Facility (SDF) balances held by banks with the RBI, thereby addressing liquidity mismatches.
Re-entry into the list could have far-reaching consequences for Pakistan, including diminished foreign investment, increased borrowing costs, and tighter scrutiny from global financial institutions.
The panel was constituted after a 20-year-old Nepalese student of the Kalinga Institute of Industrial Technology (KIIT) in Odisha's Bhubaneswar was found hanging from the ceiling fan of her hostel room.
'We will be unable to move forward with the framework until we receive the list of the hostages who will be released, as was agreed'
'Make-in-India played a key role in India's effective action against terrorism during Operation Sindoor.'
The Jane Street-Sebi saga is more than a legal dispute -- it's a litmus test for India's ambitions as a global financial hub.
Notably, the deal was earlier set to take effect on Sunday, January 19, at 08:30 (local time).
Concerned over the rise in mis-selling of products by banks and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) is examining whether to come up with norms to curb such practices. Observing that pushing financial products, such as insurance, indiscriminately to unaware consumers may be detrimental to their well-being, RBI Deputy Governor M Rajeshwar Rao said, "We are examining whether it necessitates framing of guidelines to address mis-selling of financial products and services by REs (regulated entities)."
An amended government order issued on Tuesday said Hindi will "generally" be the third language, instead of being mandatory, but gave an option to opt out if 20 students per grade in a school express the desire to study any Indian language other than Hindi.
A former Bangladesh army officer and close aide of Chief Adviser Muhammad Yunus has suggested that Dhaka should collaborate with China to occupy India's northeastern states if it attacks Pakistan in response to the Pahalgam terror attack. Bangladesh's interim government has distanced itself from the remarks made by Major General (Retd) ALM Fazlur Rahman on his social media account. Rahman's comments come amidst growing tensions between India and Bangladesh following Yunus' remarks in China about India's northeastern states being landlocked and needing Bangladesh's access to the ocean. These incidents have further strained relations between the two countries, with India withdrawing transhipment facilities granted to Bangladesh for exporting goods to the Middle East, Europe, and various other countries.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
The US wants India to recognise internationally accredited labs, harmonise labelling requirements and the validity period of test reports and certification with global practices, and eliminate retesting requirements.
Following the exit poll prediction of a resounding BJP victory, BSE benchmark Sensex shot up on Monday by 2,507 points or 3.4 percent to settle at a new closing peak of 76,469. However, a day later on Tuesday, the equity markets witnessed a bloodbath, with the Sensex tanking 4,390 points or 6 percent to settle at 72,079. This was the worst single-day fall in four years.
China has announced a 7.2 percent increase in its national defence budget, bringing the total to USD 249 billion for the year. This rise comes amidst China's ongoing efforts to modernize its armed forces, including the development of new warships and fighter jets. The budget increase, exceeding last year's 7.2 percent rise, reflects China's commitment to bolstering its military capabilities. Chinese Premier Li Qiang emphasized the importance of the Communist Party's leadership in guiding the military, with President Xi Jinping at the helm of the Central Military Commission. China's defence spending is now three times that of India's and is viewed by critics as a sign of the country's growing military ambitions.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
The Supreme Court of India directed the government to establish a legal framework to protect domestic workers and address their exploitation.
The panel may recommend amending at last five articles of the Constitution to enable holding of simultaneous polls in the country.
The Iraqi Prime Minister said that personnel of the country's national intelligence service, working with coalition forces commanded by the United States, had killed the head of Islamic State in Iraq and Syria.
'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'
In a significant move, state-run oil producer Oil India Limited (OIL) has finished drilling its first well in the Andaman sea while Oil and Natural Gas Corporation (ONGC) has just started drilling operations in the area, said officials.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
'CORSIA has set impossible targets. It tries to limit countries to the emission levels of the number of aircraft that they had in 2020. That has to be opposed.'
Why has a Reddit user's post -- where the user warns that 'even an IIM tag won't save you' -- created a storm online?
Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.
States are mandated to develop and implement 'heat HAPs' for prevention of heat-induced diseases. But most do not go beyond standard advisory on heat prevention.
In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India.
We need to equip the Indian Armed Forces, not 'commercial' as Trump wants, but 'operationally' looking at growing Chinese military capabilities, asserts Lieutenant General Prakash Katoch (retd).
The Supreme Court of India has formed a National Task Force (NTF) to address the growing concern of student suicides in higher educational institutions. The court took note of the recurring cases and directed Delhi Police to register FIRs on the complaints of families of two students who died by suicide at IIT Delhi in 2023. The NTF, chaired by former apex court judge Justice S Ravindra Bhat, will prepare a comprehensive report, including the identification of causes leading to suicides, analysis of existing regulations, and recommendations for strengthening protections. The NTF will also have the authority to conduct surprise inspections of higher educational institutions and make further recommendations to ensure a holistic approach to addressing mental health concerns and eliminating suicides.
The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law.
'We handle close to 3 million rides daily, making us one of the largest players in this segment'
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
'There is no independently verified imagery or battlefield evidence to support Pakistan's claim.'
Bangladesh has demanded a public apology and compensation from Pakistan for the 1971 atrocities, raising "historically unresolved issues" during the first foreign secretary-level talks between the two countries in 15 years. Dhaka also asked Islamabad to pay USD 4.3 billion as its share from the combined assets at the time of East Pakistan's split from West Pakistan in 1971 to form an independent Bangladesh.
