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Nirmala Sitharaman, Nirmala

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

Private equity and venture capital (PE/VC) funds invested USD 4 billion in November, which was 156 per cent higher than the year-ago period but lower about 15 per cent compared with the preceding month, a report said on Wednesday.
The month saw 87 deals -- 47 per cent higher than the 59 transactions in November 2023, as per the report by industry lobby grouping IVCA and consultancy firm EY.
"While 2024 had started off on a strong note, geopolitical tensions, uncertainty over US elections outcome, and inflation weighed on the markets, as did the bid-ask spread between seller expectations and buyer valuations," the consultancy firm's partner Vivek Soni said.
Soni said pure-play PE/VC investments in November totalled USD 3.5 billion in November, a 297 per cent increase compared to the USD 873 million in November 2023 and 27 per cent higher than the USD 2.7 billion in October 2024.
The real estate and infrastructure asset class declined by a fifth when compared to the year-ago period t

Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap.
Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it.
"IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space," Reliance Nippon Life Insurance CEO Ashish Vohra told PTI.
Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan.
"Bancassurance was a missing link in our structure and we have started exploring the possibility with IndusInd Bank and we are .

Reliance Nippon Life insurance

The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal

GDP, India GDP

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)

Doctors at AIIMS, Delhi are in the process of developing a low cost antibody-based adaptive cellular therapy for treatment of multiple myeloma, a form of blood cancer.
This kind of therapy is expected to make advanced treatments like CAR-T cell therapies more affordable and accessible for patients in India.
The Chimeric antigen receptor (CAR) T-cell therapy is a form of adaptive cellular therapy in which a patient's T cells are isolated, genetically modified and infused back in the patients body to recognise and kill the cancer cells, said Dr Mayank Singh, Additional Professor in the Department of Medical Oncology at Dr B R Ambedkar Institute Rotary Cancer Hospital, (BRAIRCH), AIIMS here.
It is based on targeting B-cell maturation antigen (BCMA) which helps to target specific tumour antigens which are found cancer cells specially in cases multiple myeloma.
"So the therapy developed by the AIIMS researchers recognises BCMA as a target on multiple myeloma cells to eliminate them," Si

Cancer cells

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

"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

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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Aiims in process of making low cost therapy for treating multiple myeloma

Jharkhand Congress to launch drive in January to strengthen organisation

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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

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