The change comes at a time when online MF distributors are increasingly moving investors from the SoA mode to demat holdings.
US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
Iran on Monday formally rejected a US-proposed ceasefire deal amid the escalating conflict in West Asia, instead unveiling its own 10-point plan aimed at permanently ending the ongoing war, as reported by the Iranian state news agency Islamic Republic News Agency (IRNA).
The Delhi Traffic Police has issued an advisory for heavy vehicular movement and restrictions around the Parliament complex ahead of the Monsoon Session and a planned 'Chalo Sansad' march by the Cockroach Janata Party (CJP). Security has been significantly intensified across New Delhi, with additional personnel, barricades, and checks to manage traffic and maintain law and order during the protest against alleged NEET irregularities.
The Securities and Exchange Board of India (Sebi) has proposed allowing celebrity endorsements for its regulated entities like AMCs and stock brokers, but only at the brand level, not for specific products or services, as part of a major overhaul of advertisement codes.
Protesters from the Cockroach Janta Party (CJP) remained camped at Jantar Mantar following a police crackdown during their 'Sansad Chalo' march, demanding accountability for alleged exam irregularities and the resignation of Union Education Minister Dharmendra Pradhan.
Activist Sonam Wangchuk has declared his hunger strike will persist beyond the 'Sansad Chalo' march, demanding government accountability for education system failures or assurances from political leaders to address the issue in Parliament. He also alleges 'illegal detention' at Safdarjung Hospital.
Top tennis players have agreed to resume media duties at Wimbledon after constructive talks with organisers, despite core issues regarding prize money and player welfare remaining unresolved. Players had initially cut short pre-tournament media duties to protest for a larger share of Grand Slam revenue and greater say in decision-making.
It was left to an incensed Gen Z to show the rest of India that enough was enough, and that the time had come to shatter the fear psychosis generated by the government's authoritarian approach to protests and criticism, points out M R Narayan Swamy.
The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.
Activist Sonam Wangchuk's health is rapidly deteriorating on his 17th day of hunger strike, prompting widespread appeals from prominent political figures and Bollywood celebrities for him to end his fast and for the government to address the urgent demands for NEET examination reforms.
Union minister J P Nadda on Wednesday accused Congress leader Rahul Gandhi of playing politics over the NEET paper leak and urged the Opposition to allow an "intensive" discussion on the issue in Parliament to find a "permanent solution" to the problem, instead of indulging in a blame game.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
A 27-year-old man was allegedly charred to death in Bengaluru after his girlfriend set him on fire at her house. Police suspect the murder was premeditated, as the woman believed he had been avoiding her.
A Delhi court has reinstated jailed activist Umar Khalid's right to two weekly video meetings (e-mulakats) with his family, overturning a reduction to one meeting. The court noted Khalid had consistently used two e-mulakats for six years without violating prison rules, despite jail authorities arguing for a single weekly meeting under current regulations. Khalid is on trial in a 2020 northeast Delhi riots conspiracy case.
The Allahabad high court has delivered a split verdict on the controversial practice of "bulldozer justice," involving the punitive demolition of properties linked to accused persons. Two judges, Justice Atul Sreedharan and Justice Siddharth Nandan, expressed differing views on whether a stay on demolitions can be issued, leading the matter to be referred to the Chief Justice for a third judge's opinion.
Parliament proceedings were stalled for the fourth consecutive day on Thursday as loud protests by an unrelenting opposition over the NEET paper leak and demand for Education Minister Dharmendra Pradhan's resignation reverberated in both Lok Sabha and Rajya Sabha, leading to adjournment of the two Houses for the day without transacting any business.
Following Education Minister Dharmendra Pradhan's resignation amidst widespread student protests over the NEET paper leak, Congress leader Rahul Gandhi congratulated the youth, calling it a crucial step for education reform, and urged broader public action to hold the government accountable, demanding an apology from Prime Minister Narendra Modi.
Legal database platform India Kanoon has approached the Delhi High Court, challenging a single-judge order that recognised an individual's 'right to be forgotten' and directed the platform to de-index and disable 'name-based search functionality' for certain judicial orders.
India may press for an automatic review mechanism in its proposed interim trade deal with the United States (US), mirroring a sunset clause introduced by the European Parliament in its trade agreement with Washington, people aware of the negotiations said. The European Parliament last week approved the EU-US trade deal but inserted a sunset clause requiring the arrangement to expire on December 31, 2029, unless both sides agree to extend it.
The Cockroach Janta Party (CJP) has reiterated its demand for Union Education Minister Dharmendra Pradhan's resignation, stating that Prime Minister Narendra Modi's announcement on fast-track courts for paper leak cases does not address accountability.
India and Bangladesh are seemingly moving closer to resuming bilateral cricket ties, with a six-match white-ball series in September now appearing likely after a gap of nearly a year in scheduled meetings between the two sides.
The Supreme Court of India has quashed criminal proceedings against Standard Chartered Bank and one of its officers in a 1991-92 Foreign Exchange Regulation Act (FERA) case, citing an extraordinary 23-year delay in prosecution and the Enforcement Directorate's failure to comply with mandatory procedural safeguards.
The Trump administration's proposed H-1B wage structure aims to increase pay for skilled overseas workers in the US by an average of $14,000, with Level I wages potentially rising to $97,746. This move, coupled with a weighted selection process favouring higher-skilled workers, is intended to curb abuse of visa programmes and ensure parity with American workers, but has already led to a sharp decline in H-1B applications, particularly from Indian IT companies.
Maharashtra plans new policy to make domicile certificate mandatory for driving licence from August 2026, alongside efforts to regulate bike taxi services for revenue and job creation.
India's spin great Ravichandran Ashwin suggested Mahendra Singh Dhoni as the ideal successor for Stephen Fleming as CSK's head coach.
A delegation from the Cockroach Janta Party (CJP) met Union Health Minister JP Nadda in New Delhi amidst widespread protests demanding the resignation of Education Minister Dharmendra Pradhan over alleged examination irregularities. Nadda assured the CJP representatives that he would hold internal discussions and requested time to address their demands, which include the minister's resignation, compensation for NEET aspirants, and the release of Sonam Wangchuk. Protesters, facing police action, continued their march towards Parliament.
A charming first half and two winning lead performances are undone by an overlong, predictable second half that loses sight of what made Chennai Love Story special.
The All India Football Federation (AIFF) has proposed changing its name to the Football Federation of Bharat (FFB). This significant proposal, accepted during a Special General Body Meeting, now awaits crucial approvals from the sports ministry and FIFA.
Activist Sonam Wangchuk, hospitalised after a 20-day hunger strike, is refusing medical treatment despite signs of dehydration and metabolic abnormalities. His wife alleges a lack of transparency from Safdarjung Hospital and is seeking his discharge, while Wangchuk remains determined to continue his protest against NEET exam irregularities.
The initial public offer (IPO) of SBI Funds Management Ltd was fully subscribed on the second day of bidding, receiving bids for 1.17 times the shares on offer, with strong interest from non-institutional investors and anchor investors.
Delhi is set to establish its first underground Chemical, Biological, Radiological and Nuclear (CBRN) command centre at the new Delhi Fire Services headquarters, a facility designed to ensure uninterrupted coordination and protection for personnel during nuclear warfare, radiological leaks, or chemical disasters.
Exiled Bangladeshi author Taslima Nasrin is set to return to Kolkata next month for an anti-fundamentalism literary event, nearly two decades after she was forced to leave the city amid violent protests over her writings. The BJP government in West Bengal is projecting this as a reversal of past capitulation to religious fundamentalism.
The ministry of education is contemplating significant reforms to the admission process for crucial entrance exams like NEET and JEE. Proposed changes include giving 50 per cent weightage to board exam marks, aligning entrance tests with school syllabi, and introducing multiple attempts and computer-based tests. These reforms aim to reduce the high-stakes nature of exams and address issues like evaluation errors and paper leaks.
Former India spinner Dilip Doshi shared an amusing anecdote about West Indies legend Sir Garfield Sobers' superstition, revealing how Sobers believed touching Sunil Gavaskar's shoulder before batting would bring him fortune, leading to a witty intervention by India captain Ajit Wadekar.
The Indian government is considering amending the IT Rules 2021 to introduce compulsory certification for films released on OTT platforms, following a controversy involving the film 'Satluj' which was released without clearances and later taken down due to national security concerns.
A journalist from a Tamil news channel was questioned by Chennai police and his mobile phone seized in connection with an alleged bribery case involving a ruling TVK MLA. The MLA claimed he was offered Rs 35 crore to vote against his party in a no-confidence motion, part of a larger "Meghalaya Project" to destabilise the government. The Chennai Press Club has condemned the police action, citing concerns over press freedom.
Efforts to resolve three major religious site disputes in Uttar Pradesh - Gyanvapi, Sri Krishna Janmabhoomi-Shahi Eidgah, and Sambhal Shahi Jama Masjid - through out-of-court settlements have failed, with all parties insisting on judicial adjudication.
Lalit Modi suggests IPL franchises owning Test teams and four-day matches as ways to revive Test cricket, which he says is in decline globally.
FIFA President Gianni Infantino has acknowledged the possibility of expanding the World Cup to 64 teams, a move that could significantly alter the sport's economics and logistics, despite opposition from major confederations like UEFA and AFC.
