News updates: RBI revises domestic money transfer framework

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The Reserve Bank of India (RBI) has updated its domestic money transfer framework in response to the growing number of banking outlets, advancements in payment systems, and improved Know Your Customer (KYC) compliance. These changes aim to enhance the security and efficiency of fund transfers within the country.

Farmers asking for changes in the MSP, or minimum support price, policy held discussions with Congress MP Rahul Gandhi inside the Parliament complex Wednesday morning.

Insurer SBI Life reported a standalone net profit of Rs 520 crore for the first quarter, registering a growth of 36% from Rs 381 crore posted in the same quarter last year.

A Saurya Airlines aircraft carrying 19 people aboard crashed during takeoff at the Tribhuvan International Airport in Kathmandu today. At least 19 people, including aircrew, were aboard the Pokhara-bound Saurya Airlines plane which met with the accident at around 11 am, news agency PTI reported. According to the local media reports, 18 bodies have been recovered till now. The pilot of the aircraft has been taken to a hospital, a security official deployed at the airport told PTI without giving further details. A fire that broke out from the aircraft has been put off, he added. Police and firefighters are carrying out rescue operations at the accident site. Details about the condition of the passengers were not known. 

Multiple parts of Delhi and Noida were lashed by rainfall bringing relief from stifling heat. The India Meteorological Department has issued a "yellow" alert for the the national capital for the next two days with the predictiction of heavy rainfall for 24 hours. In June, the national capital received the highest rainfall recorded in 88 years.  On Monday, Delhi witnessed a sudden weather change as heavy rain lashed parts of the national capital.

The Earth  witnessed its hottest day in at least 84 years, with the global average temperature reaching a record high of 17.09 degrees Celsius on July 21, according to the European Union's Copernicus Climate Change Service (C3S).

This follows a series of record-breaking temperatures -- June marked the 12th consecutive month of global temperatures reaching or exceeding the 1.5 degrees Celsius threshold. Every month since June last year has been the warmest on record.

Preliminary data from C3S showed that July 21 was the hottest day since at least 1940, surpassing the previous record of 17.08 degrees Celsius set on July 6, 2023.

The Congress on Tuesday evening declared that the party's Chief Ministers -- Siddaramaiah (Karnataka), Revanth Reddy (Telangana), and Sukhvinder Sukhu (Himachal Pradesh) -- will not attend the Niti Aayog Governing Council meeting scheduled in the national capital on July 27.

The Supreme Court is scheduled to hear a PIL seeking the framing of guidelines on disabilities for the inclusion of those suffering from autism-spectrum disorder and giving them employment opportunities.