The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
Taking a strong view against the recruitment scam in the induction of both officers and men, the Indian Army has decided that it would throw out individuals who have bribed their way into the force including those who have already become officers or are undergoing training at different academies.
Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard.
Battalion Cadet Adjutant Praveen Singh, son of a printing press owner from Agra, wants to join the infantry and serve the country to the best of his ability.
Gujarat Aam Aadmi Party leader Mahesh Savani was hospitalised after his health deteriorated during hunger strike against the ruling BJP in Gujarat over the alleged leak of examination paper for the recruitment of head clerks in government departments.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.
The Centre is looking to continue maintaining an arms length in financial sector appointments.
New investors should gradually build a 5 to 10 per cent allocation to gold.
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F&O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.
'The Zomato delivery guy wants to click a picture with you.' 'My car has gone for servicing so I ended up going in rickshaws and they recognise me from ads.' 'When I'm walking my dog, people stop by and say, "Oh, we loved you in Bigg Boss.' 'I was shooting for Housefull in a village and there, people were coming over and clicking pictures with me.'
Last month, Laxman Singh Markam, deputy secretary at the CM secretariat, had lodged a complaint accusing Rai and state Congress chief spokesperson K K Mishra of trying to drag his name in the controversy surrounding the alleged leak of a question paper of MP Teachers' Eligibility Test (TET)-2022 held on March 25.
Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.
'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
The Agniveer passing out parade was as much about family celebration as it was a military event. Alongside the pomp, pageantry and discipline of the parade were the personal stories of families, their struggles and how far they had come.
Seventy-two women officers from the Indian Army have issued a legal notice to the defence ministry over strict compliance with the Supreme Court order on granting permanent commission to females in the force. "The notice has been sent on behalf of 72 women officers who are fully entitled to be granted permanent commission on the basis of a clear and unambiguous order of the Supreme Court on 25 March this year," counsel of the women officers Major Sudhanshu Pandey said.
The agency has booked 23 Army personnel and civilians, including relatives of officers, for allegedly demanding bribe and facilitating bribery, they said.
Punjab, starting the penultimate day on 73/3 and needing 144 more runs, crumbled under pressure from Sindhu's relentless spin and Jayant Yadav's precise off-spin (3/35 in 10.4 overs), collapsing well before lunch and handing Haryana their second outright win in four matches.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
At present, there is no specific substantive law to deal with unfair means adopted or offences committed by various entities involved in the conduct of public examinations by the central government and its agencies.
Senior bureaucrats Avinash Joshi and Niraj Verma are among the 10 candidates who are in the race to become chairman and managing director of India's largest oil and gas producer, ONGC. Mangalore Refinery and Petrochemicals Ltd (MRPL) director-finance Pomila Jaspal and ONGC director for technology and field services Om Prakash Singh are the other prominent names in fray for the top job, according to a candidate shortlist by the Public Enterprise Selection Board (PESB). PESB - the government headhunter - will hold interviews to select the new head of Oil and Natural Gas Corporation (ONGC) this week. Both the bureaucrats are from the 1994 batch of IAS officers belonging to the Assam-Meghalaya cadre.
'There is uncertainty regarding job opportunities for our children after they serve for just four years under the Agnipath scheme.'
Among Sensex gainers, Power Grid jumped the most by 4.16 per cent after its board approved an investment of Rs 656 crore in transmission projects. Private lenders HDFC Bank, Axis Bank, Kotak Bank, IndusInd Bank and ICICI Bank were also among lead gainers. NTPC, Nestle and Hindustan Unilever also ended the session with gains.
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
'I gave enough evidence and proof to punish corrupt officials.' 'But my own government has not filed any FIR against such officials.'
We can learn much from China with regards to making civil service recruitment more efficient, says former diplomat Kishan S Rana.
Govt reconstitutes body, says will not interfere in senior PSB appointments
'...you evaluate three key factors before committing your money.'
The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
'Today's India is fearless and is on track to be a great power. But this is definitely not happening without women, who form 48 per cent of our population.'
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
Dominic Xavier salutes the Assam Rifles's decision to deploy women soldiers in Kashmir.
The government-appointed board of Satyam Computer Services will meet on Friday to scrutinise the bids for a 51 per cent stake in the company and decide a schedule for completing the selection process.
In the first 100 days of the next government, the ministry of skill development and entrepreneurship (MSDE) is planning to introduce new-age courses to suit the changing industry needs. It is set to standardise skilling courses to facilitate easier migration of workers and introduce counselling and mentorship on the Skill India Digital Hub (SIDH) portal. On Sunday, Prime Minister Narendra Modi - during a Cabinet meeting - was reported to have instructed his ministers to draft roadmaps for the first 100 days and next five years of the next government.
A recommendation had been made for the appointment of a total of 62 priests, including 26 from forward caste, it said
The Eastern Railway has cancelled the departure of Howrah-New Delhi AC Special Express for Wednesday.
It said it will also allow reservation of reserved tickets from common service centres (CSC) and through ticketing agents with effect from Friday. The zonal railways have been instructed to decide and notify opening of reservation counters as per local needs and conditions, the order stated.
