The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused "some degree of volatility". He also hit out strongly against "smart accounting" to conceal stress and bloat financial performance.
The West Bengal government has sought permission from the Calcutta High Court to appeal against the Sealdah court order that sentenced Sanjay Roy to life imprisonment until death in the RG Kar hospital doctor's rape and murder case. The state government is seeking the death penalty for Roy, the sole convict in the case, and has expressed dissatisfaction with the Sealdah court's verdict, which did not consider the crime "rarest of the rare." The court also ordered Roy to pay a Rs 50,000 fine and directed the state government to pay compensation of Rs 17 lakh to the family of the deceased doctor.
One has to stay in isolation for 21 days from the last contact with a monkeypox patient or their contaminated materials, they said.
The National Financial Reporting Authority (NFRA) has issued guidelines to inspect select audit firms to identify areas and opportunities for improvement in the audit firm's system of quality control, a statement said. "Inspections will consist firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards and quality control policy and processes," NFRA said. The selection of the audit firm or the auditor for such inspection by NFRA would be based on assessment of risks in the audit environment.
Former Indian Prime Minister Manmohan Singh was summoned as an accused in a coal block allocation case, but the Supreme Court intervened and stayed the directive. Singh, a renowned economist and politician, questioned the absence of mandated sanction for prosecuting public officials and denied any wrongdoing in the coal block allocation. The Supreme Court's decision highlights the complexities of government functions and criminal prosecution in cases involving public officials.
The Directorate General of Civil Aviation (DGCA) on Tuesday issued specific measures for aviation sector players to mitigate the risk of runway incursions at Indian airports. The measures include activating stop bars by Air Traffic Controllers (ATC) to inform aircraft when not to proceed, establishing contingency plans in case stop bars malfunction, establishing runway safety teams at airports, and conducting comprehensive training programs for pilots, ATC personnel, aircraft maintenance engineers, and airport drivers.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Seizures were made to stop any inducement of voters in Maharashtra, where polling will take place on November 20.
Proliferation of home chargers of around 7 KWh and above, which take six to seven hours to fully charge a car depending on the model, bring running costs down by a third or so. That, coupled with the increasing range of modern electric cars, can lead to a massive increase in sales.
The Uttar Pradesh government is taking comprehensive measures to ensure the Ganga River is "dip-safe" during the Maha Kumbh, a massive religious gathering. This includes daily water testing, a 200-km temporary drainage system for greywater, and state-of-the-art technology to manage human waste. Authorities are also emphasizing the importance of keeping the river clean by removing pooja waste and encouraging the use of reusable items.
Following a stampede at the Maha Kumbh that killed 30 people, the Uttar Pradesh government has stepped up security measures and crowd management efforts. Despite the tragedy, millions of devotees continue to flock to the religious gathering, undeterred by the pre-dawn chill and dense fog. Security forces are being deployed in larger numbers, and new restrictions will be imposed at key locations to prevent further incidents. The authorities are also conducting a thorough review of the arrangements in the Mela area, and several officials are being assigned to oversee operations until February 12.
'India has the maths talent, academic institutions, and research institutions to do the next big thing.'
'The government does not want to be transparent or accountable. Therefore, they do not want to appoint information commissioners.'
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
The apex court said when a particular structure is chosen all of a sudden for demolition and the rest of similarly situated structures in the same vicinity are not even being touched, "mala fide may loom large".
With several state administrations flattening the houses of those involved in criminal cases with bulldozers, the Supreme Court on Monday questioned how can anybody's house be demolished just because he is an accused.
One97 Communications (OCL), the company that operates brand Paytm, received a nod from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This comes nearly nine months after the Reserve Bank of India (RBI) placed an embargo on OCL to add new customers.
In a viral video of the court proceedings, the judge was seen reprimanding a woman lawyer on Thursday and reportedly made some objectionable comments.
Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
Two Guinness World Records -- most people performing 'aarti' simultaneously and the largest display of oil lamps -- were set at the eighth edition of Deepotsav in Ayodhya on Wednesday.
Taking a dig at a section of Bangladeshi politicians, who said the country has legitimate claims over Bengal, Bihar and Odisha, West Bengal Chief Minister Mamata Banerjee on Monday wondered whether Indians 'would have lollipop' when external forces would try to occupy Indian lands.
Specialised investment fund (SIF), a new asset class, will have the same expense structure as that of mutual funds (MFs), according to rules notified by the Securities and Exchange Board of India (Sebi). SIF, which was first proposed by Sebi in July 2024, aims to fill the gap between MFs and portfolio management services (PMS), and it looks at informed investors, who are willing to take riskier bets.
The sources in the know said around 7 flights each of IndiGo, Vistara and SpiceJet got the threats while 6 flights of Air India received the threats.
According to the guidelines, all travellers would need to give an undertaking on the online portal www.newdelhiairport.in that they would undergo mandatory quarantine for 14 days, that is, seven days paid institutional quarantine at their own cost, followed by seven days isolation at home with self-monitoring of health.
The radical raft of suggestions, which includes men not being allowed to take women's measurements and installing CCTV cameras, followed a meeting held on October 28.
Anti-inflammatory or immunomodulatory therapy, such as steroids, can have the risk of secondary infection like invasive mucormycosis, when used too early, at higher dose or for longer than required, they highlighted.
Controversial phrases like 'vote jihad' used by some political parties during the election campaign in the recently-held Maharashtra assembly polls are under the Election Commission of India (ECI)'s scanner, an official said on Wednesday.
The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries.
A hybrid model was followed during the Asia Cup last year, when India's matches were held in Sri Lanka while other matches were played in Pakistan.
The new guidelines, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India.
' Number of school hours per day may be reduced. Sports and other outdoor activities which expose students directly to the sunlight may be appropriately adjusted in the early morning'
At least 30 people were killed and 60 others injured in a pre-dawn stampede at the Sangam area of the Maha Kumbh early on Wednesday as crores of pilgrims jostled for space to take a holy dip on the occasion of one of the most auspicious days of Mauni Amavasya, officials said.
The Supreme Court on Friday held that the Prohibition of Child Marriage Act cannot be stunted by personal laws and that marriages involving children violate the free will to have a life partner of choice.
The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.
Evidence of several irregularities have been detected in the transfer of 14 sites by the Mysuru Urban Development Authority (MUDA) to B M Parvathi, the wife of Karnataka Chief Minister Siddaramaiah, according to the Enforcement Directorate.
Banerjee stressed she wished for harmony, fraternal ties and cordial relationship to remain between all communities living in Bangladesh and elsewhere.
The Madhya Pradesh high court in Jabalpur on Monday directed the state government to take steps within six weeks for disposal of Bhopal-based Union Carbide's 337 tonnes of hazardous waste as per safety protocols, while restraining the media from publishing any fake news on the same.
The Delhi government's Women and Child Development and Health departments issued public notices on Wednesday distancing themselves from the ruling Aam Aadmi Party's promised schemes of providing Rs 2,100 to women and free treatment for the elderly, triggering a fresh row ahead of assembly polls.
Asymptomatic positive patients have been included in the list of mild or pre-symptomatic coronavirus infection cases. However, patients suffering from immune-compromised status (like HIV, transplant recipients, cancer therapy) are not eligible for home isolation.
"There was extra bounce and occasional excessive seam movement. The odd delivery also kept low on the second day, making it very difficult for batters to build partnerships."
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