New Delhi: The finance ministry has tightened the anti-money laundering rules by bringing in partners holding 10 per cent stake in a firm, as against 15 per cent earlier, under the definition of beneficial owners. The ministry has amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, which also provides for management-level functionary as ‘Principal…
New Delhi: What does the British Prime Minister discuss at the dinner table with his Indian parents-in-law? Is it Indian politics or the challenges of running Britain? Neither. It’s cricket. “The most political we tend to get is in our discussion of cricket. I’ve agreed that my daughters can support India when it comes to cricket,…
Bhilwara (RJ): Congress president Mallikarjun Kharge on Wednesday said the alliance of like-minded opposition parties named INDIA has worried the BJP and it is trying to mislead people by raising the “India-Bharat” issue. He said the Congress has already spread the message of “Bharat Jodo” through its Bharat Jodo Yatra from Kanyakumari to Kashmir. “They…
New Delhi: The Indian Institute of Management (IIM) Lucknow is offering an elective course on “The Wisdom of Indian Philosophy” to groom future industry leaders in their approach towards real-life tasks by deriving inspiration from India’s roots, according to officials. While the course is taught in English and has some traces of modern theories, it primarily…
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Wednesday urged fintech players to set up a Self Regulatory Organisation (SRO) at the earliest for an orderly growth of the industry. “Fintech players need to evolve industry best practices, privacy and data protection norms in sync with the law of the land,” he said, adding that…
New Delhi: The Union Cabinet on Wednesday approved a Rs 3,760 crore viability gap funding for setting up battery energy storage system in the country, said Information and Broadcasting Minister Anurag Thakur. The entire Rs 3,760 crore viability gap funding will be borne by the central government, the minister said while briefing media about the Cabinet…
New Delhi: Prime Minister Narendra Modi said on Wednesday that the Nataraja statue installed at Bharat Mandapam, the convention centre which will host key G20 summit meetings, will stand as a testament to India’s age-old artistry and traditions. He was responding on X to the Indira Gandhi National Centre for the Arts’s post about the…
New Delhi: The Cabinet on Wednesday approved additional allocation of Rs 1,164.53 crore for an industrial development scheme 2017 for Himachal Pradesh and Uttarakhand. The additional fund was required to meet the committed liabilities under the scheme up to 2028-29. Under this scheme, the total financial outlay was Rs 131.90 crore, Union Minister Anurag Thakur told…
Pyeongchang (South Korea): The Indian men’s table tennis team signed off with a bronze medal after going down 0-3 to Chinese Taipei in the Asian Championships semifinal here on Wednesday. In a disappointing display, both veteran Sharath Kamal and the experienced G Sathiyan surrendered meekly to their higher-ranked opponents while Harmeet Desai showed the stomach for…
Melbourne: Pat Cummins, Steve Smith, Mitchell Starc and Glenn Maxwell were all included in Australia’s 15-member provisional squad despite injuries while bowling all-rounder Sean Abbott earned his maiden World Cup call-up. Cummins and Smith are nursing wrist injuries they picked up during the Ashes, while Starc and Maxwell are out with a groin problem and…
