loans, banking

The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence

Thanks, NITI Aayog, but I would rather stay neo than become a bank

Business Standard

Jharkhand Congress is set to launch a statewide campaign in the first week of January to take its mission and agenda to every household, a senior party official said on Saturday.
During a meeting here, the party also decided to strengthen the organisation in the state and continue the agitation against the BJP for allegedly insulting the architect of the Constitution, BR Ambedkar.
Addressing party workers, Jharkhand Congress in-charge Ghulam Ahmad Mir said, "We will release a calendar highlighting party activities."
"On January 6 or 7, we will launch a campaign where party workers will visit every household to spread the party's mission and agenda," he added.
He added that the purpose of the meeting was to express gratitude towards the party workers and voters who worked hard to bring the alliance government back to power.
"The alliance performed well, even though the Congress had expected to win 28 seats in the assembly polls," Mir told reporters after the meeting.
The Congress 

Congress, Congress flag

New Delhi [India], December 21: Odisha-origin entrepreneur Arun Kar, now a British innovator, has achieved global recognition for his company Xpertnest. Known for sustainability and technology solutions, Xpertnest recently raised $1 million in a pre-Series A funding round and injected the first tranche into BharatEarns, India's pioneering embedded finance platform. Arun Kar's focus on creating impactful solutions has made BharatEarns a prime beneficiary of this investment.

Xpertnest\'s $1 Million Investment Fuels BharatEarns\' Growth in India\'s Financial Ecosystem

New Delhi [India], December 21: In a move designed to support healthcare practices in maintaining their autonomy and ensuring financial sustainability, IKS Health, a provider of care enablement platforms, announced a new partnership with Western Washington Medical Group, a prominent multi-specialty healthcare organization in Washington State. This collaboration aims to streamline revenue cycle related processes, enabling the medical group to focus more on patient care while reducing administrative burdens and improving operational efficiency.

Western Washington Medical Group Partners with Inventurus Knowledge Solutions Limited to Enhance Revenue Cycle Operations and Patient Access

"Marriage is a relationship built on mutual trust, companionship and shared experiences," the Supreme Court has said as it upheld a Madras High Court decision granting divorce to an estranged software engineer couple.
A bench of justices Vikram Nath and PB Varale said the length of separation and the evident animosity between husband and wife make it clear that there is no possibility of the marriage being revived.
"Marriage is a relationship built on mutual trust, companionship, and shared experiences. When these essential elements are missing for an extended period, the marital bond becomes a mere legal formality devoid of any substance," the bench said.
It added that the court has consistently held that prolonged separation, coupled with inability to reconcile, is a relevant factor in deciding matrimonial disputes.
"In the present case, the length of separation and the evident animosity between the parties make it clear that there is no possibility of the marriage being revived,

marriage

Raipur (Chhattisgarh) [India], December 21: India is witnessing a boom in start-ups, with many focusing on creating eco-friendly products that prioritise environmental conservation. Among these is Raipur-based start-up Gift Kya De (GKD), a rare manufacturing company that has carved a niche for itself nationwide through its innovative approach and dedicated efforts. By producing Make-in-India products, GKD is playing a crucial role in promoting local manufacturing and self-reliance.


Eco-Friendly Gifting Revolution: \'Gift Kya De\' Among 54 Start-ups Selected for Amazon Propel Season 4 from 900+ D2C Brands Across India

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

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

December marked the second policy review meeting for the external members, who have a fixed four-year term

Inflation, Vegetables, Fruits, Budget 2024

Stay with us for all the major news updates from around the world

Nirmala Sitharaman, Nirmala

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

As of October, nearly 10 leading RE companies in India were actively seeking buyers for 20 GW capacity

The green energy arm of India’s largest power generator, NTPC, has said in its DRHP filing that the government’s restrictions on trade ties with China will adversely impact its business, given that the neighbouring country is a leader in solar and wi

The green energy arm of India's largest power generator, NTPC, has said in its DRHP filing that the government's restrictions on trade ties with China will adversely impact its business, given that the neighbouring country is a leader in solar and wi

BankBazaar's MoneyMood Retail Credit Trends Report for 2024 sheds light on keay developments in borrowing, saving, and investing among working professionals in India aged 22 to 45 years

Money, Loan, Economy, Capital, Rs, Rupee, Indian Currency

Integrated fund and management development platform Welspun One on Wednesday said it has initiated the process to raise Rs 4,000 crore, which is drawing substantial interest, especially from global investors.
It will also broaden the platform's investor base and position it as a node for international investors seeking exposure to India's rapidly evolving logistics landscape, Welspun One said.
The fundraising is a key milestone in the company's strategy to double its portfolio size from 16 million sq ft to around 32 million sq ft by 2028, the company said, adding that it has already identified a robust pipeline of around 8 million sq ft across multiple assets.
It has an active pipeline to deploy around Rs 1,500 crore in new-age, capital-intensive logistics assets, Welspun One noted.
"By aligning with global partners who bring unmatched expertise and capabilities, we are not only securing capital but also setting a new standard for efficiency, adaptability, and long-term value ...

Welspun India

A parliamentary standing committee has expressed concern over the lack of funds disbursed to key states under the Development of Particularly Vulnerable Tribal Groups (PVTGs) scheme during 2022-23.
No allocations were made to states like Jharkhand, Madhya Pradesh, Maharashtra, Kerala, Uttar Pradesh and Uttarakhand, which have significant tribal populations, making the Committee to question how planned developmental work was carried out in the absence of resources.
The parliamentary panel report on Social Justice and Empowerment for demand for grants by the Ministry of Tribal Affairs emphasised the need to avoid the pitfalls of previous programmes, citing underutilisation of allocated funds, delays in submission of utilisation certificates by states and procedural inefficiencies.
The report was tabled in Parliament on Wednesday.
"The Committee note that during the period 2020-21 to 2022-23, the budgetary allocation made under Development of particularly vulnerable Tribal Groups (PVT

Parliament, New Parliament, Lok sabha, Rajya sabha

Ravichandran Ashwin sparred with his insecurities as a child for far too long and perhaps didn't want to be dragged into a rigmarole of insecurities once again.
It is for this reason that an abrupt retirement from international cricket would not seem out of the blue for anyone who has followed the man's journey. It could have happened in Sydney after the fifth Test against Australia but he didn't want to hang around.
No one had to tell him that it was time to walk away from the game that consumed nearly three decades of his 38-year-old existence. Ashwin, the straight-shooter, did a cameo presser to let the world know in John Denver style "My bags are packed and I am ready go".
He wore many hats as an active international cricketer and it would take just a five-minute conversation with him would be enough to know that he can see through word salad quite easily.
It is very difficult to stereotype Ashwin even after 14 years at the top level. The 765 international wickets are not a goo

Ravichandran Ashwin

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

Dhaka has been behind on payments to Adani Power since supply started in July 2023

Adani group

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

Mumbai ferry accident: An FIR was filed at the Colaba police station in south Mumbai under relevant sections of Bharatiya Nyaya Sanhita (BNS) against the Navy speedboat driver

Capsize, Mumbai Capsize, Boat Capsize

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)

Vibhore Goyal

Vibhore Goyal

Vibhore Goyal

Thanks, NITI Aayog, but I would rather stay neo than become a bank

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Jharkhand Congress to launch drive in January to strengthen organisation

Xpertnest's $1 Million Investment Fuels BharatEarns' Growth in India's Financial Ecosystem

Western Washington Medical Group Partners with Inventurus Knowledge Solutions Limited to Enhance Revenue Cycle Operations and Patient Access

Marriage is a relationship built on mutual trust, companionship: SC

Eco-Friendly Gifting Revolution: 'Gift Kya De' Among 54 Start-ups Selected for Amazon Propel Season 4 from 900+ D2C Brands Across India

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Supreme Court removes 30% interest cap on late credit card bill payments

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

Policy rates have limited impact on food prices: MPC external members

LIVE: FM addresses press conference of the 55th GST council meet shortly

Kejriwal launches Dr Ambedkar scholarship amid row over Amit Shah's remarks