The Reserve Bank of India (RBI) fined Citibank NA, JM Financial, and Asirvad Micro Finance for regulatory non-compliance. Citibank was penalized Rs 39 lakh for credit data breaches, JM Financial fined Rs 1.5 lakh for non-disclosure of interest rate rationale, and Asirvad Micro Finance fined Rs 6.2 lakh for failing to report borrower income and […]
Delhi Police’s metro unit recovered and returned over 450 stolen mobile phones worth more than Rs 1 crore in just 20 days under ‘Mission Reconnect – Your Phone’s Journey Back Home.’ Specialized teams tracked stolen phones across 16 states, apprehended culprits, and reunited devices with owners. At a function in Utsav Sadan, 201 phones were […]
Ryan Rickelton scored his first ODI century, leading South Africa to a commanding total of 315-6 against Afghanistan in the Champions Trophy. The South African bowlers, led by Kagiso Rabada, restricted Afghanistan to 208 runs, securing a convincing 107-run victory in the Group B match.Ryan Rickelton scored his first ODI century, leading South Africa to […]
OYO faced backlash for an ad tagline suggesting ‘Bhagwan har jagah hain, or OYO bhi’, deemed offensive. This led to ‘#BoycottOYO’ trending on social media. The company clarified the ad aimed to promote religious tourism in India. OYO emphasized its respect for all faiths and announced plans to expand its presence at pilgrimage destinations.OYO faced […]
Bank credit and deposit growth in India slowed in the October-December quarter of 2024. Notably, personal loans and credit to key sectors saw a decline, while public sector lending picked up. Term deposits grew significantly, driven by higher interest rates and large-value deposits.Bank credit and deposit growth in India slowed in the October-December quarter of […]
India’s foreign exchange reserves fell by $2.54 billion to $635.721 billion for the week ending February 14. The decline ended a three-week rise, during which reserves had increased by $7.654 billion. The forex reserves were impacted by a drop in foreign currency assets, while gold reserves and SDRs saw a rise.India’s foreign exchange reserves fell […]
Environmentalists and policy experts have criticized the Ken-Betwa river-linking project, claiming political motivations behind its approval. They argue that the project’s ecological impact, including displacement of families and the destruction of tiger habitats, outweighs its purported benefits. Experts question the project’s water distribution and irrigation claims and demand independent study.Environmentalists and policy experts have criticized […]
Former USAID mission director for India, Veena Reddy, is under scrutiny after US President Donald Trump questioned a $21 million aid package aimed at boosting voter turnout in India. The BJP claims this confirms foreign interference in Indian elections, while Congress dismisses the remarks.Former USAID mission director for India, Veena Reddy, is under scrutiny after […]