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.
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
Sources privy to the meeting told PTI that the top brass and other senior commanders of these forces were asked to keep a strict vigil against any illegal encroachment taking place in their respective areas of operations.
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
Capital expenditure by 54 large central public sector enterprises and five departmental arms, having a capex minimum target of Rs 100 crore, rose 93 per cent year-on-year (YoY) in the April-May period to Rs 1.39 trillion. The National Highways Authority of India (NHAI) and the Railways have started this financial year's capex cycle on a stronger note. In the first two months of FY24, the 54 CPSEs, along with the departmental arms, achieved 19 per cent of their combined budget target of Rs 7.33 trillion, Business Standard has learnt.
The officials said immediately after the video of the incident surfaced on July 19, Manipur police decided to suspend the station in-charge of Nongpok Sekmai police station in Thoubal district and four other police personnel.
Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in acquiring stakes in insurance arms or mutual funds of other lenders.
IS-Khorasan was sanctioned for its links with Al Qaeda and involvement in several deadly attacks in Afghanistan and Pakistan that killed over 150 people.
The Delhi high court on Monday upheld the Centre's Agnipath scheme for recruitment in the armed forces, saying it was made in national interest and to ensure that the armed forces are better equipped.
The government has given "in-principle approval" for 10 per cent reservation in the Central Armed Police Forces like the Central Reserve Police Force and Border Security Force for 'Agniveers' after their service in the military, the Rajya Sabha was informed on Wednesday.
Stones were hurled at a Ram Navami procession in Fatehpura area of Gujarat's Vadodara city on Thursday, police said.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad had on December 15 last year reserved its verdict on the matter.
Will BJP campaigners start using the term 'Ram Rajya' to refer to the nation under Modi's rule, asks N Sathiya Moorthy.
In addition to Hindi and English, the question paper will be set in 13 regional languages -- Assamese, Bengali, Gujarati, Marathi, Malayalam, Kannada, Tamil, Telugu, Odia, Urdu, Punjabi, Manipuri and Konkani.
Policy decisions, particularly those which have wide-ranging implications on the nation's health and security, should be decided by bodies best suited to do so, the Delhi high court said on Monday while refusing to interfere with the Agnipath scheme.
Vedanta chairman Anil Agarwal on Saturday pressed for further liberalisation of the defence sector and called for corporatisation of defence factories to make the country self reliant in respect of arms and ammunition. There are 52 defence factories for manufacturing arms and ammunition in the country but most of them are running at 10 per cent capacity, he said. "We (India) can be the largest producer of arms and ammunition. "If the defence factories are corporatised it will bring in a new way of thinking," Agarwal said while addressing the inauguration of a post graduate programme for executives virtually from London.
By keeping the Sanatana Dharma row alive and adding the Ayodhya temple consecration scheduled for January 22 and adding the free darshan promise from four polled states to the entire country, the BJP may have a self-fulfilling concoction, predicts N Sathiya Moorthy.
The house of Manipur PWD Minister Konthoujam Govindas in Bishnupur district was vandalised on Wednesday by a group of people claiming that the government in the strife-torn state is not doing enough to protect locals from militants belonging to another community, officials said.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Gujarat's first woman Chief Minister Anandi Patel on Tuesday announced a 33 per cent reservation for women in the state police force.
'But unlike Bond who killed an individual, Israel is killing a nation.'
To make it possible to attract the best of our young people to join the armed forces, all university courses anywhere in India should include compulsory National Service for a total period of six months, says T Thomas
The Delhi high court on Thursday reserved its judgment on a batch of petitions challenging the Centre's Agnipath scheme for recruitment in armed forces.
"The DMK is not worried a wee bit," he said on the ED searches. Such an action by the ED was 'usual, ordinary and a drama' enacted to divert attention.
The apex court ordered adequate steps to be taken for protecting places of worship.
'Bharat is a name that is 7000 years old.' 'We are not saying the name of the country should be changed from India to Bharat; we only recommended that the stress should be on Bharat.'
'Had it not been for the complicity of the state and Biren Singh's leadership, these riots would not have spread this far and for so long.'
ONGC Videsh, the overseas investment arm of state-owned Oil and Natural Gas Corporation, is one of 41 global oil corporations shortlisted by the Iraq government to develop its oil fields. Iraq has the world's largest proven oil reserves.
Security forces have been diligently working to create buffer zones, such as the one established between Churachandpur and Bishnupur. However, this has proven insufficient to quell the unrest.
The law, which dilutes the Indian capital's autonomy and emasculates the elected local government's powers, will be a political millstone for the party for the next elections, reports Aditi Phadnis
India is the 4th largest oil consumer after the US, China and Japan.
The Imphal Valley in Manipur remained peaceful but tense on Friday, however intermittent gunfights between militant groups and security forces were reported from the hill districts surrounding the valley.
"The villagers came first, and then the Naxalites, dressed in black. They were some 300 Naxalites, all wearing black," a jawan of the Central Reserve Police Force said.
'...through the will of the people and commitment of leaders.' 'It may not happen today or tomorrow, but it will happen.'
The Delhi high court on Thursday commuted to life term the death penalty awarded to Ariz Khan following his conviction in the sensational 2008 Batla House encounter in which decorated Delhi Police Inspector Mohan Chand Sharma lost his life.
Rajiv Chandrashekhar, Rajya Sabha MP, explains that the argument that other government servants are eligible for OROP is incorrect and the comparison is laughable.
Many IEDs explode even when the troops are on foot and their trigger mechanism gets activated just due to the pressure of the feet. These incidents have injured more than 100 personnel over the last two years, the officer said.
Gold prices hit record high in the third week of March as fears of bank collapses and high inflation led investors to the traditional safe haven. Gold prices are often inversely correlated to dollar strength because the international price is dollar-denominated. The Federal Reserve's (Fed's) stance indicates that the dollar may appreciate further since it is prepared to keep pushing up policy rates. But demand for gold is also up - the World Gold Council claims central banks are buying in addition to private demand.
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