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RBI introduces no new clause in rule

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The Reserve Bank of India clarifies that there is no new clause allowing banks to settle with wilful defaulters. The recent circular does not dilute penal measures and compromise settlements are at lenders' discretion.

Insurance Company Sorry for Hindi Circular, No Withdrawal in Tamil Nadu

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The New India Assurance Company responds to Tamil Nadu CM's complaint about Hindi usage in official documents. While they apologize for any hurt caused, they have not withdrawn the circular. Learn more about the ongoing controversy.

KPRS Urges Withdrawal of Circular for Linking Aadhaar with Farm Pumpsets

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KPRS activists protest outside GESCOM, demand withdrawal of KERC circular mandating Aadhaar linkage for pumpsets under 10 horsepower. They also oppose power tariff hike and multi-slab replacement. Farmers' lives at stake.

Installation of Plastic Exhaust Fans and LEDs in Tihar to Enhance Safety and Prevent Incidents in Dark Spots in India

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Discover how Tihar Jail in New Delhi is taking measures to prevent untoward incidents, including the replacement of 2,000 exhaust fans with plastic ones and covering iron grilles with plastic. Learn more here.

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Stalin Opposes New India Assurance’s Hindi Language Policy Circular

Politics 0
Tamil Nadu Chief Minister M.K. Stalin opposes New India Assurance's Hindi circular, calling for its immediate withdrawal and demanding an apology. He vows to prevent Hindi imposition and uphold Tamil language and heritage. Mixed reactions follow his strongly-worded statement.

Delhi High Court Upholds Validity of Separate ID Card for Railways Employees

Politics 0
The Delhi High Court recognizes India Railways' separate ID card for persons with disabilities along with disability certificates issued by DEPwD. NPRD challenged the circular, but the court dismissed the plea.

Deadline for Priority Sector Lending Target Extended for Urban Cooperative Banks

Business 0
The RBI extends the deadline for Urban Cooperative Banks to reach their Priority Sector Lending norms until March 31, 2026. This move will ease implementation challenges, and those who've already met the targets will be rewarded. The framework for the resolution of stressed assets now applies to all regulated entities. These relaxations are expected to support the profitability of UCBs in the short term. A detailed circular will be issued soon by RBI.

RBI introduces no new clause in rule

Business 0
The Reserve Bank of India clarifies that there is no new clause allowing banks to settle with wilful defaulters. The recent circular does not dilute penal measures and compromise settlements are at lenders' discretion.

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Business 0
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Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US

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Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.

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