Pak also suspended all bilateral visits as a mark of protest.
The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.
Ficci has suggested formulation of a 'manufacturing policy'. Such a policy will spell out guidelines for attaining a 12% growth of the sector annually. Guidelines will help in terms of incentives and subsidies; technology development; development of sustainable raw material base; regulatory and procedural reforms to the manufacturing sector. The manufacturing sector's profitability has been badly affected in the last few months & the government needs to intervene immediately.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
The plea, filed through advocate Vivek Narayan Sharma, had said that the public interest litigation was necessitated due to the alleged failure of the Centre in carrying out its constitutional duty and responsibility to protect the rights to privacy and freedom of speech and expression of the citizens of India.
'WhatsApp is storing our data on servers which are physically located in another country.' 'We might be having good relations with a particular country at this very moment, where WhatsApp's data servers are located, and in which our data is stored, but tomorrow we might be having bad relations with them, then what is going to happen to that data.'
Policy of continuity won't help India earn business or respect, says Pramod Kumar Buravalli.
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
Justice Subramonium Prasad said though police have filed a status report listing the standard operating procedure for bomb detection and disposal squads and the guidelines to deal with bomb threats in schools, they have not submitted data on several key aspects.
The discussion on new banking licences will be posted on the website of the central bank for public comments, RBI governor D Subbarao said while unveiling the monetary policy for 2010-11.
It is watching e-commerce policy fineprint before spelling out India plan
While it has yet to issue the full details, the appraisal committee has said that the interested investors will have to submit a proposal before it along with the feasibility report.
There are 344 notified SEZs spread across 40,000 hectare in the country that have so far attracted Rs 1 lakh crore (Rs 1 trillion).
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
The observations by a bench headed by Justice Ashok Bhushan came after the Centre apprised it that ongoing wave of the pandemic appears to be 'harsher' than earlier.
Market participants do not expect any immediate impact on the rupee from the Reserve Bank of India's (RBI's) a "comprehensive" master direction aimed at strengthening the framework for hedging foreign exchange risks. RBI Governor Shaktikanta Das, in his monetary policy statement, revealed that the central bank is poised to issue a master direction to consolidate guidelines for all types of forex transactions. But this development, according to market players, is more of a directional guidance than a mandatory directive.
Bengaluru is reeling under a severe water crisis, the worst in the last four decades, and there have been calls from several quarters to shift the IPL games, beginning here on March 25, out of the city.
Responding to a communication from Finance Secretary D Subbarao on Wednesday, Telecom Secretary Siddartha Behura shot off a strongly worded letter on Thursday, saying: "It is therefore surprising that the ministry of finance has now decided to express its reservations on procedural aspects."
This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rates to boost economy.
Issuing a slew of directions, a bench of Justices S Ravindra Bhat (since retired) and Aravind Kumar asked the central and state governments to pay Rs 30 lakh as compensation to the next of kin of those who die while cleaning sewers.
Cyber insurance policies cover ransomware attacks and the ensuing damages, including ransom payments, data restoration costs, forensic and other first-party costs, and loss of profit due to business interruption.
All the 11 life term convicts in the Bilkis Bano case of the 2002 riots were released as per the remission policy prevalent in Gujarat at the time of their conviction in 2008, a top government official said on Tuesday and rejected claims of contravention of the Centre's guidelines in the matter.
The salient features of the new OTT/social media policy announced by the Information Technology Minister Ravi Shankar Prasad and Information and Broadcasting Minister Prakash Javadekar on February 25, 2021.
Bindra admitted that hopes will be high on the Indian shooting contingent in Paris after having notched up seven medals - India's best-ever tally - at the Tokyo Olympics.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
The government on Thursday cleared changes to the current channel down-linking guidelines to allow broadcasters to provide content to telecom service providers for Internet Protocol TV.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
LIC Housing Finance (LICHF) delivered a healthy FY24 with improvements in net interest margin (NIM) and credit costs and an improved return on assets of 1.7 per cent compared to an average of 1.3 per cent between FY14-FY23. Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24. In Q4FY24, the net interest income (NII) came in at Rs 2,250 crore.
While the draft M&A policy for the telecom sector has been revised a few times over the past few months, DoT has not made any major changes to guidelines.
The Punjab chief minister said he was asked by Kejriwal to visit different places for campaigning for INDIA bloc candidates.
If Irda's guidelines are implemented, cases of surrendering policies and making these paid-up might decline.
T20 WC will spread awareness on cricket, LA Olympics more likely to attract local Americans
The compulsion behind India and Japan to deepen security cooperation is in response to China's growing political and economic clout and its assertive behaviour in disputed areas. This has been the key driver for bringing both India and Japan closer in the domain of security cooperation, explains Dr Rajaram Panda.
It might be a cheaper option, but lack of clarity is choking its growth
The Election Commission (EC) had, in 2019, flagged its concerns in the Supreme Court on the changes made in several laws relating to political funding to facilitate the electoral bonds scheme, saying it will have 'serious repercussions' on transparency.
