In its annual policy review on April 1, the central bank had proposed a ban on prepayment penalties.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
A confident and well-adjusted India would look to capitalise on an unpredictable Pakistan during Sunday's T20 World Cup match.
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. "With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
Nationalist Congress Party leader Ajit Pawar was given the finance and planning portfolio on Friday, nearly two weeks after he broke away from the original party and took oath as Maharashtra's deputy chief minister.
The Delhi Electricity Regulatory Commission has suggested a number of measures to safeguard customers and ensure compensation for them.
P2P platforms do not have the safety net. Instead of playing the role of an intermediary, if they run their own balance sheets for safety and growth, it's a recipe for disaster, warns Tamal Bandyopadhyay.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
The Hyderabad-born Nadella says it's not the AI engine, but the teams that build it as well as the algorithms to make it intelligent have to be diverse and inclusive, so that the solutions they build do not show up any sort of 'unconscious bias' that they may have.
A round-up of off-beat stories from around the world
Uber has come up with a technology integration feature called "emergency assistance" that aims to provide public safety authorities with real-time actionable data in case of an emergency during a ride. In the event of an emergency, riders or drivers will be able to share their live location, which shall be updated every four seconds, along with their name and contact details at the swipe of a button on the Uber app with the police. This will lead to saving critical time by providing potentially life-saving assistance by the police.
Prime Minister Narendra Modi on Saturday vowed to thwart alleged attempts to rob Dalits and backward classes of reservations by the Indian National Developmental Inclusive Alliance (INDIA) which he accused of 'enslavement' and performing 'mujra' for Muslim vote bank.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
The SC bench said the report of CFTRI, where the samples of Maggi noodles were tested following earlier orders of the court, will form the basis for the proceedings before the NCDRC.
Calling cow slaughter a "vice" that must be removed, he pitched for stepping-up of cow protection efforts by bringing more people in the drive while "completely obeying the law and the Constitution".
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Laws governing compensation in case of adverse side effects for Covaxin and Covishield may differ in accordance with the kind of approvals given, say legal experts.
The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.
The framework governing customer protection should consist of fairness and transparency of rule.
The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
In his petition, Tarigami said despite the fact that the challenge to the constitutional validity of orders by the Centre on August 5, 2019 as well as the J-K (Reorganisation) Act, 2019 is pending before the Supreme Court, the central government has taken some 'irreversible actions'.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
Poacher neither minces words in condemning these self-seeking slaughterers nor leaves any stone unturned in highlighting the hard work put in by friends of the forest, notes Sukanya Verma.
Kamal Meattle and Barun Aggarwal guide us on the protective measures we can introduce in our daily lives to protect ourselves from the harmful effects of air pollution.
'The West has always opposed a strong nationalist leader in India and Narendra Modi is no exception.' 'The West prefers weak leaders who are amenable to Western pressure and Mr Modi's independent stance is not to the liking of the West,' asserts Colonel Anil A Athale (retd).
The original MRTP Act did not contain the phrase UTP; it was introduced in 1984 through an amendment. The phrase is open to interpretation yet, though the Supreme Court bench differed on its definition, the issue has not been sent to a larger bench.
The Maharashtra government will bring an ordinance to grant OBC quota in upcoming by-elections to a set of local governing bodies without crossing the Supreme Court-mandated 50 per cent cap on reservation, said state minister Chhagan Bhujbal on Wednesday.
Monsoon rains are expected on time this year, hitting Kerala on June 1.
Prepaid mobile customers in India has never had it so good. Vodafone, Idea, MTS & Aircel has confirmed that from Friday there will be only three types of vouchers for mobile recharge. Others too will have to follow soon.
Holding that stock exchanges are service providers coming within the ambit of Consumer Protection Act, the National Consumer Commission has ruled that bourses would have to compensate investors in case its broker defaults.
In order check irregularities, Bihar has decided to introduce biometric cards in the Public Distribution System, officials said on Monday.
'Why is the government asking parents to be careful rather than coming up with strict rules and regulations for the companies?'
The main reason for any consumer to buy an expensive smartphone is its camera.
The apex court bench, also comprising justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra, will assemble at 10.30 am to hear the two petitions.
Rajiv Chhatwal, Rupinder Kaur and Harinder Singh and companies Global Access Technical Support, Source Pundit and Helios Digital Media LLC were the defendants that had been charged in October 2016 by the Federal Trade Commission (FTC) as part of its ongoing crackdown against tech support scams.
The bench, headed by Chief Justice D Y Chandrachud, will also hear a separate plea which has sought initiation of contempt action against the SBI alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6.
In 2013, weeks after getting bail in a case of alleged cheating in Kerala, Amway India's then managing director, William Scott Pinckney, declared that the company was aiming to hit revenues of Rs 10,000 crore in India in a decade. Fast forward to 2021, and Milind Pant, Amway's global CEO, announced that the company has designated India as one among the top three markets for growth and investment (after US and China), and is now looking at hitting revenues of Rs 20,000 crore over the long term.
The Indian business process outsourcing (BPO) industry gave a thumbs-down to the US Call Centre and Consumer Protection Bill, terming it another "protectionist" measure by the country.
