The Reserve Bank of India (RBI) has taken a significant step in enhancing model risk management (MRM) protocols for regulated entities (REs), issuing draft guidelines on 'Regulatory Principles for Management of Model Risks in Credit'. The guidelines

A well-executed model risk management framework can give a lender precise credit assessment, improve customer trust and edge over competition

RBI's new credit risk standards are game changer for Indian economy

Business Standard

New Delhi [India], December 11: BriBooks, the world's largest book writing and publishing platform for students, is thrilled to announce the launch of its newest venture, The BriBooks Times-a dynamic and concise newspaper crafted entirely by the platform's top young authors. This innovative publication aims to empower young journalists as creators and inform readers with fresh perspectives, all while promoting a culture of learning and curiosity.

BriBooks Group Launches The BriBooks Times - A Newspaper by Young Journalists, for the World

Mumbai (Maharashtra) [India], December 11: Canarys Automations Limited (NSE: CANARYS), a trailblazer in DevOps consulting with over 20 years of experience, joined hands with Technophiles India to host Dine with DevOps II 2024, the largest DevOps conference of the year. Held at the Courtyard by Marriott in Mumbai, the event focused on Decoding the Complexity of DevOps and DevSecOps Across the Industries, offering a platform for insightful discussions and innovative ideas shaping the future of the industry.

Canarys and Technophiles India Successfully Host \'Dine with DevOps II 2024\' - Paving the Way for the Future of DevOps

New Delhi [India], December 11: MoU signed between Russia BRICS Project Office and BRICS Youth Alliance to further educational and cultural ties between India and Russia 

India\'s first BRICS Educational Expedition concludes in Ahmedabad with an MoU

Norway's soccer federation plans to abstain from giving its approval when Saudi Arabia is confirmed Wednesday as the 2034 World Cup host, saying FIFA has done too little to protect human rights around the tournament.
FIFA's own guidelines for human rights and due diligence have also not been adequately integrated into the process, increasing the risk of human rights violations, Norway federation president Lise Klaveness said in a statement Tuesday.
FIFA's 211 member federations are holding an online meeting on Wednesday to rubberstamp the decision to give Saudi Arabia the 2034 World Cup and award the 2030 edition to a six-nation project led by Spain, Portugal and Morocco that will see games played on three continents.
(Wednesday's) vote is not about who gets the 2030 and 2034 World Cups  that has already been decided, Klaveness said, adding that FIFA's approval without an itemized vote does not align with the principles of a sound and predictable governance system.
FIFA shaped the 

FIFA World Cup Trophy

In the previous financial year, FY24, MSIL added 400 service touchpoints, with 90 in the Nexa (premium) format and the remaining 310 in the Arena (affordable) format

Hisashi Takeuchi, MD and CEO, Maruti Suzuki India Limited

Hisashi Takeuchi, MD and CEO, Maruti Suzuki India Limited, MSIL

In the absence of meaningful private investment and job creation, India is slipping back into its pre-Covid-19 rut, and its economic czars are once again publicly refusing to acknowledge the slowdown

Gold

Trump and his supporters have argued that the system is being abused and that there should be tougher standards for becoming an American citizen

Donald Trump, Trump

As the head of India's central bank, Malhotra inherits the management of an economy beset with the dual challenge of rising prices and slowing growth

Sanjay Malhotra

Coming from a privileged background, Luigi Mangione cut ties with family and friends six months before the alleged shooting

Luigi Mangione, 26, a suspect in the New York City killing of UnitedHealth executive Brian Thompson, arrives for his arraignment at Blair County Court House in Holidaysburg, Pennsylvania, US December 9, 2024 in a still image from video.  Photo: REUTE

Luigi Mangione

The new scheme, likely to be backed by Nabfid, aims to offer retail investors an alternative savings route to equity markets

Indian rupee, Indian bonds market

A group of 101 farmers resumed their foot march to Delhi shortly after 12 noon on Sunday from the Shambhu protest site on the Punjab-Haryana border to press the Centre for various demands, including a legal guarantee for Minimum Support Price (MSP).
However, after walking for a few metres, they were stopped at the barricading by Haryana Police.
Haryana Police asked the farmers to show them the requisite permission to take out the foot march.
The Haryana Police had earlier asked the farmers not to proceed further and cited a prohibitory order clamped by the Ambala administration under Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) that bans unlawful assembly of five or more people in the district.
Protesting farmers had on Friday suspended their march to the national capital for the day after some of them suffered injuries due to tear gas shells fired by security personnel, who stopped them at the Punjab-Haryana border.
The farmers have been pressing for various deman

Farmers Protest, Protest, Farmer Protest

Prolonged violence in Manipur with frequent internet shutdowns, curfews and general strikes is affecting the academic and career pursuits of students pursuing higher education in the northeastern state, many educationists said.
With frequent internet shutdowns, students are facing problems in having access to online resources and many recruiters are hesitant to visit campuses in Manipur for placement drive due to curfews and general strikes, they said.
Head of the Department of Computer Science and Engineering and also in charge of placement of National Institute of Technology (NIT) Manipur, K H Johnson Singh told PTI "We have witnessed a decline in recruitment drives after violence broke out in the state. At least 40 companies (online mode) came and 70 students have been selected this year. This is much less than what we were used to before the outbreak of violence. We had expected selection of some 100 students and some 50 companies."
He said, "Recruiters who prefer offline mode o

Manipur Violence

Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January.
Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month.
Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
"We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well," Deloitte India Partner Rajat Mahajan said.
While there could be multiple factors for the price increase, the key one is due to a decline in profitability of a few large auto OEMs in the second quarter, he added.
"Due to the festive .

car sale

Prime Minister Narendra Modi will visit Rajasthan on Monday during which he will inaugurate the Rising Rajasthan Global Investment Summit 2024.
He will also visit Haryana the same day and will launch the LIC's Bima Sakhi Yojana and lay the foundation stone of the main campus of the Maharana Pratap Horticultural University in Panipat.
Prime Minister Modi will travel to Jaipur and at around 10:30 AM, he will inaugurate the Rising Rajasthan Global Investment Summit 2024 at  Jaipur Exhibition and Convention Centre (JECC), a statement issued by the Prime Minister's Office said.
Thereafter, he will travel to Panipat and at around 2 PM, launch LIC's Bima Sakhi Yojana and lay the foundation stone of the main campus of Maharana Pratap Horticultural University.
In Rajasthan, Modi will inaugurate the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo at Jaipur Exhibition and Convention Centre (JECC) and address the gathering on the occasion.
The theme of th

PM Modi in Guyana

Industry body CII has suggested the government to stick to the fiscal deficit target of 4.9 per cent of GDP for 2024-25 and 4.5 per cent for 2025-26, cautioning that "overly aggressive targets" beyond these could adversely affect India's economic growth.
"India has been growing rapidly amidst a slowing global economy. Prudent fiscal management for macroeconomic stability has been pivotal to this growth," said Chandrajit Banerjee, Director General, CII, elaborating on suggestions for the forthcoming Union Budget.
CII also highlighted the announcement in the Union Budget 2024-25 to keep the fiscal deficit at levels that help reduce the debt-to-GDP ratio.
In preparation for this, the forthcoming budget could lay out a glide path to bring the central government's debt to below 50 per cent of GDP in the medium term (by 2030-31), and below 40 per cent of GDP in the long term, CII has suggested.
Such an explicit target will have a positive impact on India's sovereign credit rating and ...

GDP, India GDP

Moreover, 70 per cent of India's public chargers are concentrated in metropolitan hubs, leaving rural and semi-urban areas woefully underserved

electric vehicle

This success comes as a relief for the industry after theatres in the country were faced with the challenge of few films working well at the box office

Pushpa 2: The Rule

'Hindutva' is a disease which is defaming Hinduism and leading to "lynching and persecution" of minorities especially Muslims, with the BJP using it to strengthen its vote bank, PDP Chief Mehbooba Mufti's daughter Iltija on Sunday said.
BJP took exception to the remark and demanded an apology for the "derogatory words".
"Ram the deity must hang his head in shame & watch helplessly as minor Muslim boys are whacked with chappals only because they refuse to chant his name. Hindutva is a disease thats (sic) afflicted millions of Indians & sullied a Gods name," Iltija wrote on X, reposting a video of an incident where a Muslim man is being beaten.
Later, talking to reporters on the sidelines of a function in Jammu, Iltija defended her remark and accused the BJP of allowing such a situation to take place in the country.
"There is a big difference between Hindutva and Hinduism. Hindutva is about the feeling of hatred, which (Vinayak Damodar) Savarkar (who developed the Hindu ...

Iltija Mufti, Iltija

Bangladesh and India will be able to overcome the stalemate in the relationship witnessed in recent months, Foreign Affairs Adviser Md Touhid Hossain said here on Sunday.
His comments came ahead of Indian Foreign Secretary Vikram Misri's visit to Bangladesh on Monday during which he is likely to raise with Dhaka India's concerns over attacks on Hindus after a massive uprising ended deposed prime minister Sheikh Hasina's 15-year rule in August.
This will be the first visit to be made by a senior Indian government official to Bangladesh since the interim government came to power on August 8.
We expect that we will be able to overcome this impasse. Establishing mutual communication and meeting each other is very important to overcome any such stalemate, Hossain told a seminar titled 'SAARC - People of South Asia Crave' at the National Press Club.
I hope they (foreign secretaries) will have a fruitful discussion, he said.
He noted that it is important to acknowledge that there is a ..

Dhruv Parikh

Dhruv Parikh

Dhruv Parikh

RBI's new credit risk standards are game changer for Indian economy

Latest News

In this Section

All

BriBooks Group Launches The BriBooks Times - A Newspaper by Young Journalists, for the World

Canarys and Technophiles India Successfully Host 'Dine with DevOps II 2024' - Paving the Way for the Future of DevOps

India's first BRICS Educational Expedition concludes in Ahmedabad with an MoU

Norway to protest FIFA, abstain from 2034 World Cup vote for Saudi Arabia

Maruti to add 2,760 service outlets by FY31: CEO Hisashi Takeuchi

Most Popular

Read

Shared

Commented

Here's how India is sacrificing its growth and why it needs to stop

End of birthright US citizenship: What it would mean for lakhs of Indians

New RBI governor Sanjay Malhotra warned of killing 'golden goose'

UnitedHealthcare CEO murder suspect Luigi was an Ivy League graduate

Govt mulls bond issue for middle-class, rates could beat retail inflation