The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 300,000. Each regulated entity (RE) should put in place a board-approved policy regarding pricing of microfinance loans, said the 'Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022'. In the past, the central bank used to announce the rates on quarterly basis.
Students claimed that they were attacked when they were watching the documentary on their mobile-phones as the screening could not be held.
Journalists acting in a manner prejudicial to the country's "security, sovereignty and integrity" as well as "public order, decency or morality" will lose their government accreditation, the Ministry of Information and Broadcasting has said in its new guidelines.
It's not every day that an undergraduate from India wins a scholarship to study at one of the prestigious universities in the world.
The ED had launched raids on Friday at multiple locations linked to Prasad's family members including that of his son and Bihar Deputy Chief Minister Tejashwi Yadav in Delhi.
Tech is also being used to stem resignations, which have recorded a rise amid COVID-19.
The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.
Sixteen merchant banks are in the fray to act as book running lead managers (BRLM) for the initial public offering of Life Insurance Corporation of India (LIC). These merchant banks will have to make a presentation before the Department of Investment and Public Asset Management (DIPAM) on August 24-25. The shortlisted banks are BNP Paribas, Citigroup Global Markets India, BofA Securities, Goldman Sachs (India) Securities, HSBC Securities and Capital Markets(India), J.P. Morgan India, Nomura Financial Advisory and Securities (India), Axis Capital, DAM Capital Advisors, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Kotak Mahindra Capital, SBI Capital Market, and Yes Securities India.
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
CoA files contempt petition against Praful Patel, pleads to bar him from football-related activities.
Credit rating agency Crisil has announced that it has reached a preliminary understanding with Equifax Inc of the US, and Tata Capital Ltd to set up a credit information company, which provides credit histories and checks on retail borrowers.
Candidates who have registered and wish to make any changes, will be allowed to do so between September 25 and 27, 10.00 am to 5 pm.
Pilot said rules and discipline of the party apply to all, adding that he hoped Congress president Mallikarjun Kharge would take a decision in the matter soon.
Haryana's Additional Advocate General Jagbir Singh Malik said the State will be filing a Special Leave Petition (SLP) against the order before the Supreme Court. The interim order has come as a relief for companies in the state which feel that the Haryana State Employment of Local Candidates Act, 2020 would have a bearing on their future business operations and investment.
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
Industry leaders are predicting hybrid cloud to be the next biggest trend in cloud computing.
India's expectation of Twitter complying with the country's rules for social media platforms will not change with its takeover by Elon Musk, according to a senior minister.
A banking Trojan malware has been detected in the Indian cyberspace that is lurking to attack bank customers using Android phones and has already targeted those from more than 27 public and private sector banks, the country's federal cyber security agency said in a latest advisory.
Nishita Suratkal explains how amla, methi and bhringaraj can help arrest hairfall and improve overall hair health.
The results of the assembly elections in Gujarat and Himachal Pradesh are likely to play out during the winter session of Parliament beginning Wednesday.
Ankit Mehra, founder and CEO, GyanDhan, an education financing marketplace, tells you how to apply for an education loan in the pandemic.
Board of Control for Cricket in India president Sourav Ganguly said the two replacements in the selection panel will be picked by the end of this month.
The court in its detailed order also raised questions on the veracity of the NCB's panchnama records.
To minimise hardship for legal heirs, home loan borrowers must purchase additional insurance cover while taking a home loan.
The Supreme Court on Wednesday directed no citizen can be prosecuted under Section 66A of the Information Technology Act, 2000, which it had scrapped way back in 2015.
This will be done across five cities - Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. Thereafter, it will be scaled up and launched in 100 cities over a period of six months, said a senior government official.
The apex court said there is no legal mandate that pensioners who held the same rank must be given the same amount of pension as it upheld the Centre's decision to give OROP in defence forces.
The court further observed that Imam, also a former JNU student, and Khalid were stated to be 'co-conspirators' in the case and it would thus hear both the two bail applications together.
E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up for renewal on May 19, 2022. In August this year, Amazon and NR Narayana Murthy's Catamaran announced that they will not continue their JV beyond May 2022. The two parties had not disclosed the reason behind the decision.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
The Supreme Court on Thursday appreciated the decision of the West Bengal Government to withdraw the cases against some persons, including editors of a news web portal, in connection with articles published by them and hoped that it would be followed by other states.
Special court judge M G Deshpande, who has granted bail to Shiv Sena MP Sanjay Raut, terming his arrest as "illegal, without reason and a witch-hunt", had pulled up the Enforcement Directorate (ED) on multiple occasions this year over its approach in dealing with money laundering cases.
The key components of the Ayushman Bharat Digital Mission include a health ID for every citizen that will also work as their health account, to which personal health records can be linked and viewed with the help of a mobile application, a Healthcare Professionals Registry (HPR) and Healthcare Facilities Registries (HFR) that will act as a repository of all healthcare providers across both modern and traditional systems of medicine.
Telecom gear makers say will take six to eight months for the top 10 cities to have some reasonable coverage of 5G network services.
AIFF elections returning officer rejects nomination papers of two presidential candidates
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
The high court held it is not for the court to direct the governor or chief minister for the removal of a person who has committed a breach of oath.
The high court had earlier ordered a CBI investigation into the killings of the nine people at Bogtui village.
