Banks have been broadly optimistic that AI will make them more...
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Cough syrup deaths: Probe against Coldrif manufacturer exposed lapses by TNFDA
A recent inspection by the Central Drugs Standard Control...
Widening Protection Gap: Role of Specialty Brokers
“Specialty brokers are the connective tissue of the global...
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday. “UPI has become the most preferred mode of payment, due to its seamless features....
Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to retail customers and as a result banks are facing challenges on the funding front with deposits trailing loan growth,RBI Governor Shaktikanta Das Referring to the recent incidence of unprecedented IT...
Clearing time for cheques to be cut from 2 days to a few hours: RBI Governor
Shaktikanta Das,Governor,RBI “This means that cheques will be cleared within a few hours on the day of presentation. This will speed up cheque payments and benefit both the payer and the payee,” the RBI governor said Mumbai: The RBI aims to reduce the clearing time...
RBI holds rates again; focused on bringing down inflation to target
Shaktikanta Das, Governor, Reserve Bank of India Resilient and steady economic growth in India is allowing the central bank to focus on bringing inflation down towards its 4% medium term target, said RBI Governor Shaktikanta Das, emphasising that price stability is...
South Africa moves to implement national health bill despite resistance
Cyril Ramaphosa,President, South Africa The legislation will gradually limit the role of private insurance in South Africa, create a new public fund to provide free access for citizens, and set the fees and prices that private healthcare suppliers can charge for...
Take measures to curb bulk communications using voice calls: Centre
The Telecom Regulatory Authority of India (TRAI) held a meeting with the industry stakeholders in the national capital to discuss action on spammers, amid growing consumer complaints about unsolicited commercial calls.The issue involves multiple stakeholders -- TSPs,...
Concretisation of roadsides in Ghaziabad NGT issues notices to MoEF others
The NGT was hearing a plea claiming "vast-scale, mindless and indiscriminate concretisation or paving, which was the biggest cause of water-logging, urban flooding and loss of biodiversity in cities and towns." New Delhi: The National Green Tribunal has sought a reply...
IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator
The Administrator, in its affidavit informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own...
Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount
"Rent rebate to postpaid customer or validity extension to prepaid customer, due delay in rectification of faults or due to significant network outage of more than 24 hours, as applicable, shall be made within one week of rectification of significant network outage,"...
Hong Kong slaps AIA with record fine for anti-laundering lapses
The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...