As many as 274 fugitives have been repatriated from 36 countries in the last 7 years, an average of around 40 per year and a 10-fold jump from the 2004-13 period when around four fugitives were brought back every year, the government said on Tuesday.
'We can integrate AI and tech into education, but that is just a means and not an end.' 'Ultimately, we need to control what happens in a classroom and we need to let teachers innovate their teaching style to suit the needs of Gen Z and beyond.'
The Supreme Court has declined an urgent hearing on a plea demanding a fair and time-bound investigation into alleged embezzlement of donations at the revered Ram temple in Ayodhya, deferring the matter until after the summer break.
The Supreme Court is set to hear a batch of petitions on July 13 seeking a fair and time-bound probe into the alleged embezzlement of donations at the Ram temple in Ayodhya, with petitioners requesting a CBI investigation and a CAG audit of the temple trust's finances.
The Supreme Court has scheduled a hearing for June 29 on a public interest litigation (PIL) seeking the registration of an FIR and a time-bound probe into the alleged embezzlement of donations received by the Shri Ram Janmbhoomi Teerth Kshetra Trust in Ayodhya.
Interpol's latest report reveals a significant surge in global financial fraud, driven by the increasing use of artificial intelligence by scamsters, resulting in losses of over USD 442 billion in 2025.
'...A new challenge has emerged in the form of Mythos.'
The plan includes three such formations: A China-focused Northern Theatre Command, a Pakistan-focused Western Theatre Command, and a Maritime Theatre Command.
Elevated global crude oil and natural gas prices, driven by geopolitical developments in West Asia, could significantly influence the Government of India's fiscal position for 2026-27, according to a report by ratings agency Icra.
A combination of security pressure and rehabilitation efforts has significantly weakened Naxalism in India, leading to numerous surrenders and the elimination of key leaders.
'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'
Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
The central bank has vehemently opposed the proposal, citing different reasons, including lack of focus and unconvincing results abroad.
The Financial Sector Legislative Reforms Commission, chaired by Justice B N Srikrishna, has suggested a non-sectoral, principle-based approach to revamp the existing framework.
'Just like oral hygiene, cyber hygiene must become a daily habit,' says Beena Vaheed, executive director, Bank of Baroda. 'It is not enough to rely only on banks, companies, or the government. Each of us must play our part.'
CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
"We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion," says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere.
In a significant breakthrough, the Malerkotla Police apprehended two individuals for alleged involvement in espionage activities linked to a Pakistani official posted at the High Commission in New Delhi, said Punjab Director General of Police (DGP) on Sunday.
While six of them have been held from Punjab, five were nabbed from neighbouring Haryana, and one from Uttar Pradesh.
Trump made it clear he had no plans to speak with Musk anytime soon, stating, "I'm too busy doing other things," and added, "I have no intention of speaking to him," NBC News reported.
According to senior officials, nine additional commissioners have been allocated departments and office spaces at different floors of the Civic Centre, while three deputy commissioners were also appointed.
In September 2013, FMC was brought under the Finance Ministry.
First things first: For those wondering if they need to reapply, the answer is no.
India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF), so that the sender and recipient in a cross-border financial transaction can be easily identified and the information shared with law enforcement agencies. Separately, the inter-governmental group, which sets standards to curb money laundering, will release the fourth round of its mutual evaluation report on India on September 19. FATF in June had adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category - the highest rating given by the global watchdog and a distinction shared by only four other G20 countries.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
The panel also recommended unified Financial Redress Agency under Finance Ministry for customer grievances.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
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Stating that there are strong inter-linkages between banks, NBFCs and other deposit-taking entities, he said for monetary policy to be effective and financial markets to remain stable, they should be regulated by the central bank.
B N Srikrishna commission spares RBI for now.
The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
'A mule operates someone else's account to transfer illegal money.'
'A lot of them are converted to other tokens, and since crypto is dealt with internationally, it can go to any exchange in any country.'
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
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.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'
'Isn't it obvious? Do you have a doubt? There is so much data that shows that there is quid pro quo.' 'There are many instances of donations being given after the raids, donations being given before the award of a contract and many other permutations and combinations.'
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
