Lto R -M. Nagaraju,secretary,Department of Financial Services,...
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RBI issues directions on AePS operators onboarding to enhance security
The RBI has asked the acquiring bank to carry out due diligence of...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’
''For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such...
Inflow in equity mutual funds hit 6-month low of Rs 3,240 cr in May on profit booking
''Profit booking in rising market along with probable expenses towards vacation, education could have led to lower investments in mutual funds in May,'' Manish Mehta, National Head and Sales, Marketing and Digital Business at Kotak Mahindra Asset Management Company,...
RBI not planning to regulate social media influencers
Social media influencers peddle personal views or those paying them on financial markets or stocks. Since January 2022, SEBI has been saying it would come out with regulations to tame the so-called financial influencers, it has not yet issued anything but has been...
El Nino is back in action, threaten food productions across Asia
Experts say that a strong El Nino could hit sugar production in India and Thailand, and possibly disrupt the sugarcane harvest in Brazil. They also see risks for coffee production in Vietnam, the world's second-largest producer LONDON: El Nino has officially returned...
Climate Change: Coal India’s biggest expansion plans opposed in Chhattishgarh
Protests against plans for the Gevra site in the eastern province of Chhattisgarh threaten to complicate the company’s ability to win approvals to expand annual capacity to 70 million tons. Output at that volume would see the site become the single biggest global...
Smoke from Canada wildfires deteriorates New York air quality; surpasses New Delhi’s pollution level
Situation was such that the picturesque and renowned skyline of New York City became invisible on Wednesday behind a hazy veil of smoke from the Canadian wildfires flowing into the region The air quality of New York city has deteriorated as smoke from the Canadian...
US tightens crackdown on crypto with lawsuits against Coinbase, Binance
If successful, the lawsuits could transform the crypto market by successfully asserting the SEC's jurisdiction over the industry which for years has argued that tokens do not constitute securities and should not be regulated by the SEC. The top U.S. securities...
Bangladesh, World Bank sign $858M to enhance climate-resilient agricultural growth and road safety
“These two projects will be important to help the country remain on a sustainable growth path through boosting climate-resilient agricultural productivity and enhancing the income of hundreds and thousands of farmers as well as protect the people and the economy from...
RBI holds rates but signals tight monetary policy ahead
Shaktikanta Das, Governor, RBI The RBI maintained its policy stance of "withdrawal of accommodation" to ensure inflation progressively aligns with the committee's target while remaining supportive of growth, Governor Shaktikanta Das said while announcing the MPC's...
New York tops the world’s 20 most expensive cities for expats in 2023
Soaring inflation and rising accommodation costs were cited as reasons for New York topping ECA International’s Cost of Living Rankings for 2023, while Geneva and London remained in third and fourth places New York has leapfrogged Hong Kong as the world’s most...