Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of Financial Services Secretary M Nagaraju, in New Delhi. At present, they can accept deposits of up to Rs 2 lakh.
Yogi said Waqf boards have become a den of selfish interests as well as loot khasot (property grabbing), and have done little for the welfare of Muslims.
The government on Tuesday notified the Rs 22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.
This marks a 67% increase from the Rs 2,537 crore lost in scams in 2022-2023.
Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.
Bad loans in the peer-to-peer (P2P) lending industry more than doubled in financial year 2024 (FY24) to Rs 1,163 crore from Rs 472.1 crore in FY23, said a financial services company on Monday. Non-performing assets (NPAs), as such loans are officially called, were a modest Rs 14.7 crore at the end of FY19 when P2P lending was in its nascent stage, according to Capitalmind Financial Services that accessed data from the Reserve Bank of India (RBI) through a right to information application.
'I always knew that the only thing that mattered to her was genuinely our health, happiness and welfare.' 'We never heard the 'Log kya kahenge? narrative.'
An Archaeological Survey of India (ASI) team on Thursday carried out measurements and assessments ahead of the planned whitewashing and renovation work of the Shahi Jama Masjid, officials said.
One has to stay in isolation for 21 days from the last contact with a monkeypox patient or their contaminated materials, they said.
'He should be made an example of so that others will follow the law.'
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.
A Bengaluru consumer court has ruled against PVR INOX for delaying film screenings with excessive advertisements, deeming it an "unfair" trade practice. The court ordered the multiplex chain to pay Rs one lakh in punitive damages and ensure clear communication of actual movie start times to viewers. The ruling highlights the value of time in today's world and the need for businesses to respect consumers' time and money.
The Supreme Court of India has decided to issue a showcause notice to senior advocate Rishi Malhotra, asking why the designation conferred upon him by the apex court should not be revoked. The decision comes in the wake of allegations of misconduct against Malhotra, including suppressing material facts in multiple cases and making misleading statements despite warnings from the court. The full court, convened by Chief Justice Sanjiv Khanna, has decided to give Malhotra one more opportunity to explain his conduct before stripping him of the senior designation. The court has expressed concerns about the effectiveness of the senior designation system and whether it ensures that only deserving advocates are being designated.
The ongoing survey for the Dharavi Redevelopment Project has surpassed the scope of the 2007-08 survey, with over 63,000 tenements already mapped. The survey, which includes ground floor and upper floor structures, aims to provide housing for all residents of Dharavi, including those in existing SRA buildings and on RLDA Land. The project, undertaken by Navbharat Mega Developers Private Limited (NMDPL), aims to construct nearly 1.5 lakh tenements to accommodate the growing population of Dharavi.
The Indian Railways has established holding areas at various stations across northern India in anticipation of a surge in pilgrims during the final week of the Maha Kumbh festival in Prayagraj, Uttar Pradesh. This comes after a stampede at New Delhi Railway station claimed 18 lives due to confusion over train names. The holding areas are located outside the platforms to control passenger flow and prevent overcrowding, ensuring safe and smooth travel operations.
Punjab Kings' Lockie Ferguson was all praise for his new-ball partner Arshdeep Singh, calling him a lively character and a fast-bowling workhorse.
The National Payments Corporation of India (NPCI) has granted approval to Paytm to onboard new UPI users, subject to the adherence to all procedural guidelines and circulars, according to the company. The move is expected to come as a relief to Paytm, which had suffered a blow following the Reserve Bank of India's restrictions earlier this year on associate company Paytm Payments Bank Limited (PPBL) in onboarding new UPI users on the Paytm app. In March, the NPCI gave approval to Paytm to participate in UPI as a Third-Party Application Provider (TPAP).
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.
Children below the age of 15 years account for about 10 to 12 per cent of India's overall TB burden.
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
The opposition Congress in Assam has accused the BJP government of running a "police raj" after official data revealed that 72 people were killed and 220 injured in police actions since Himanta Biswa Sarma became the chief minister in May 2021. The Congress has demanded that the Supreme Court take suo motu cognisance of the data and investigate the alleged fake encounters in the state. The data shows that a total of 256 police actions have been taken between May 2021 and February 2024, resulting in the deaths of 38 people in police remand and 34 more while in custody but before remand. The Congress has alleged that the ruling party is using the police for political gains, while the government has defended its actions, stating that police cases have been registered in each incident and that the NHRC guidelines have been followed.
A Public Interest Litigation (PIL) has been filed in the Supreme Court seeking immediate action to prevent future stampedes at railway stations. The PIL, filed by advocate Vishal Tiwari, calls for the implementation of a 2014 report by the National Disaster Management Authority (NDMA) on crowd management. The plea also criticizes the disparity in safety efforts, questioning why high-end technology and intelligence are deployed for VIPs while common citizens remain vulnerable to such incidents. The PIL seeks directions to the Indian Railways to take measures for passenger safety, including widening corridors, constructing broader over-bridges and platforms, and ensuring easy access to platforms through ramps and escalators.
All India Football Federation president Kalyan Chaubey said the governing body has been actively working on policies to integrate Overseas Citizens of India (OCI) players into the national team setup.
India to follow ICC's kit-elated guidelines at Champions Trophy, says BCCI
The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries.
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.
A strong demand was made in the Lok Sabha to eliminate online betting and gambling applications. YSRCP member Maddila Gurumoorthy urged the government to set up a dedicated task force to take action against betting and gambling apps. He also asked the government to draft regulations for such applications and launch awareness campaigns about the dangers of online betting. Other issues raised included deposit insurance coverage for bank depositors, representation of Scheduled Castes in the Kerala government, challenges faced by nurses, and the need for paramilitary forces in Jharkhand during upcoming Hindu festivals.
A large number of medical device-manufacturing units have been forced to move to Vietnam and Malaysia due to delays, inconsistent timelines, and a lack of transparency in licensing processes, according to the Parliamentary Standing Committee on Health and Family Welfare.
Law enforcement officials from the US Department of Homeland Security have started visiting gurdwaras in New York and New Jersey to check for the presence of illegal immigrants, drawing a sharp reaction from some Sikh organisations which see such actions as a threat to the sanctity of their faith. The Trump administration has rescinded the Biden administration's guidelines that protected places of worship from immigration enforcement actions, leading to concerns that gurdwaras are being targeted. Sikh organisations argue that gurdwaras are not just places of worship but also vital community centres and that surveillance and raids by armed law enforcement would burden religious exercise and limit the ability of Sikhs to gather and associate with one another.
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
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.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
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.
The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government official. This excludes dividend from nationalised banks and financial institutions. As on October 21, the Centre collected Rs 28,913 crore as dividend and other investment from CPSEs, accounting for over 50 per cent of the Budget Estimate for FY25.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
The Brihanmumbai Municipal Corporation (BMC) has decided to impose property tax on commercial establishments operating in slum areas and is also considering the levy of a Solid Waste Management (SWM) user charge in the future. The civic body is expecting to collect a total of Rs 5,200 crore in property tax during the next financial year. The BMC intends to levy an SWM charge on Mumbaikars in a phased manner though it would not be levied in FY 2025-26.
The three-language formula proposed in the National Education Policy 2020, is at the centre of the political row between the Dravida Munnetra Kazhagam-led Tamil Nadu government and the central government.
' 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'
Acting on complaints, the Election Commission on Wednesday ordered suspension of police personnel violating its guidelines on checking of voters and stopping them from casting votes in the Uttar Pradesh bypolls, officials said.
