RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks

Supreme Court, SC

Google CEO Sundar Pichai has announced a 10 per cent reduction in managerial roles, aiming to improve efficiency in response to rising AI competition and economic challenges

google, google logo

The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 with a budget outlay of Rs 855 crore.
A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters.
The total financial implication would be Rs 855 crore.
Cooperative agencies Nafed and NCCF will be the central nodal agencies for the procurement of copra, he added.

Ashwini Vaishnaw, Ashwini, Vaishnaw

The last decade has seen a significant rise in global health threats, which continued into 2024. Here's a round-up of major outbreaks and pandemics that caused much scare around the world

Health

After Kiran Rao's Laapataa Ladies failed to cut the next round of the International Feature Film category at the Oscars, India's hopes now centre on Anuja, a live-action short film

Guneet Monga

The Congress on Wednesday blamed the Central government for corporate India's "failure" to generate employment and investment, claiming its refusal to invest or increase wages is a direct consequence of the Centre's "myopic" policy making.
Citing a report, Congress General Secretary Jairam Ramesh claimed that corporate India is choking the middle class and hurting the India growth story by failing to increase wages despite higher profits and paying lower taxes after GST and tax sops in 2019.
"In all fairness to India Inc, these failures are squarely the responsibility of the Union government," Ramesh said.
"Here is the government's track record -- indiscriminate corporate tax cuts without linking them to employment creation or investment. Introducing a punitive GST regime, with input tax credits only for corporates. Overseeing and enabling the growing oligopolisation of the market. Introducing a CBI/ED/IT Raid Raj to extort donations from the corporate sector to the BJP," the Congre

Jairam Ramesh, Jairam

Prime Minister Narendra Modi on Wednesday condoled the loss of lives in a boat accident off the Mumbai coast and announced an ex-gratia of Rs 2 lakh for the next of kin of each deceased.
Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said.
At about 4 pm, a Navy craft undergoing engine trials lost control and collided with passenger ferry Neel Kamal off Karanja near Mumbai, the Navy said in a statement. The ferry was carrying passengers from the Gateway of India to Elephanta Island, a popular tourist destination.
"The boat mishap in Mumbai is saddening. Condolences to the bereaved families. I pray that the injured recover soon. Those affected are being assisted by the authorities," Modi was quoted as saying by his office in a post on X.
"The Prime Minister has announced an ex-gratia of Rs 2 lakh from PMNRF for the next of kin of each deceased in the boat mishap in Mumbai. The injured would be given

Modi, Narendra Modi

The Trump administration has earmarked clearly three areas on the basis of which it will determine trade negotiations. One clearly is to look at ways to reducing its trade deficit with some countries

trade deficit

Fugitive liquor baron Vijay Mallya questions excess recovery claims, seeks relief from authorities

Indian businessman Vijay Mallya leaves the Royal Courts of Justice in London, Britain February 11, 2020. (REUTERS/File Photo)

Three of the five already qualified teams will be in action today in Pune

PKL 2024 December 21 matches

The Bombay High Court has imposed a cost of Rs 1 lakh on former cricket administrator Lalit Modi and dismissed his petition seeking an order to Board of Control for Cricket in India (BCCI) to pay penalty of Rs 10.65 crore imposed on him by the ED for violating Foreign Exchange Management Act (FEMA).
A division bench of Justices M S Sonak and Jitendra Jain, in its order of Thursday, said the petition was "frivolous and wholly misconceived" as the adjudication authority under the FEMA has imposed the penalty on Modi.  Modi in his plea said he was appointed as BCCI vice president, during which period he was also chairman of Indian Premier League governing body, a subcommittee of the BCCI.  The plea claimed the BCCI is supposed to indemnify him as per bylaws.  The HC bench, however, referred to a Supreme Court judgment of 2005 which said the BCCI does not fall under the definition of 'State' as defined under Article 12 of the Constitution of India.  Despite clear orders from the apex ...

Lalit Modi

In the run-up to the assembly elections in Delhi, AAP supremo Arvind Kejriwal on Saturday announced an Ambedkar scholarship for free foreign education of the city's Dalit students.
Kejriwal said the Dr Ambedkar Samman Scholarship was a response to the BJP's "insult" of Ambedkar.
Union Home Minister Amit Shah "insulted and made fun of Babasaheb Dr Ambedkar in Parliament. Crores of people who love Ambedkar were deeply pained," the former Delhi chief minister said at the AAP headquarters.
Ambedkar had said education was the way forward and secured a PhD from the US against all odds, Kejriwal told reporters.
The scholarship is a response to the insult meted out by the BJP to the chief architect of the Indian Constitution, the AAP chief added.
"Under the scheme, any Dalit student from Delhi will be able to receive education in foreign universities. If they get admission in any such university, the Delhi government will bear the entire cost of their education, travel and accommodation,"

Kejriwal, Arvind Kejriwal

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Cabinet hikes copra MSP by upto Rs 420 to Rs 12,100 per quintal for 2025

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