Mumbai: The Reserve Bank of India on Thursday said it has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank Ltd for non-compliance with certain provisions, including Know Your Customer (KYC) norms. The central bank also found non-compliance with certain provisions related to ‘RBI Guidelines for Licensing of Payments Banks, ‘Cyber security framework in…
Bengaluru: The impact technology has on human activities made the Reserve Bank of India (RBI) show interest in it, the deputy governor of the central bank, T Rabi Sankar, said on Wednesday. Speaking at the grand finale of the second global hackathon, “Harbinger-2023 — Innovation for Transformation”, Sankar said fintech is transforming the financial system across…
New Delhi: As the war between Israel and Hamas grows intense, the Indian Embassy in Israel has set up a 24-hour helpline desk for the citizens stranded there and has asked them to follow the security advisories. In a post on X, the Indian Embassy in Israel has stated that it has been working constantly…
Washington: India has a high debt like that of China but the risks associated with it are not as great as that of its northern neighbour, a senior official from the International Monetary Fund has said, advising India in the medium term to have an ambitious fiscal consolidation plan that brings down deficits. “The current debt…
Toronto: A prominent Indo-Canadian community member has voiced deep concern over the “ecosystem” in Canada that has enabled Khalistan extremists to use violence, threaten and bully those opposing their “nefarious agendas’. Amidst the diplomatic standoff between Canada and India over the killing of a pro-Khalistan separatist in Surrey in British Columbia province in June, he…
Mumbai: Mukesh Ambani has raced ahead of Gautam Adani to become the richest Indian on a list of wealthiest people in the country. The 66-year-old chairman of the diversified Reliance Industries saw his wealth growing by a marginal 2 per cent to Rs 8.08 lakh crore, while Adani’s fortune plummeted by 57 per cent to Rs…
New Delhi: Karnataka Chief Minister Siddaramaiah on Monday said he has urged State Commission for Backward Classes chairperson K Jayaprakash to submit the caste census report and asserted that once that is done, his government will definitely publish the data. Asked about the matter at a press conference at the All India Congress Committee (AICC) headquarters…
New Delhi: The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community. The party made the assertion in a resolution…
New Delhi: The unemployment rate for persons aged 15 years and above in urban areas declined to 6.6 per cent during April-June 2023 from 7.6 per cent a year ago, the National Sample Survey Office (NSSO) data showed. Joblessness or unemployment rate is defined as the percentage of unemployed persons in the labour force. Joblessness…
New Delhi: The GST Council on Saturday decided to reduce GST on molasses to 5 per cent, from 28 per cent, and exempt alcohol for human consumption from the levy. Chhattisgarh Deputy Chief Minister T S Singh Deo, who is a member of the GST Council, said extra neutral alcohol (ENA) for industrial use will…
