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

Of the Rs 550 crore of bad loans put up for sale by PCHFL, Rs 314 crore are unsecured loans, and Rs 236 crore are secured loans

Housing Finance

While some firms have already received tax demands, gaming industry bodies are lobbying to prevent aggressive enforcement actions until the Supreme Court resolves the matter

GST Council likely to address retro tax on online gaming

Subscribers of retirement fund body EPFO and Employees' State Insurance Corporation may soon be able to use the claim settlement amounts through e-wallets, a top official said on Wednesday.
Replying to a question on EPF withdrawal from ATMs, Secretary in the Ministry of Labour and Employment Sumita Dawra told PTI, "This is an area of great interest for the insured person, for a contributor. How can I withdraw my money more easily."
In cases of auto settlement... the money goes to the bank account and they in any case are able to withdraw it from the bank account, from any ATM presently, Dawra said.
"Now you are talking about how the claim can go directly to probably a wallet or, we'll have to work out some mechanism. So there we have started talks with bankers and also we are going to have a plan in place on how we can do this practically," she said, while speaking on the sidelines of a tourism summit here.
"We are reaching out to them (Reserve Bank of India) and we'll have a plan 

Rupee, EPFO, money, economy

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)

The Congress will hold protest marches against Union Home Minister Amit Shah for "insulting" BR Ambedkar and observe a weeklong campaign on the issue, party leaders said on Saturday.
As part of the "Ambedkar Samman Saptah", Congress workers and leaders will hold marches and press conferences to remember the legacy of B R Ambedkar, they said.
AICC general secretary K C Venugopal said party MPs and leaders will hold press conference at 150 locations across the country on December 22 and 23 and workers will take out protest marches across the country on December 24.
"Our agitation demanding Home Minister Amit Shah's resignation will continue! We will fight to protect Dr. Babasaheb Ambedkar's legacy against the Manusmriti worshippers," Venugopal said in a post on X.
"The INC will mark the upcoming week as Dr. Ambedkar Samman Saptah," he said.
"On 24 December, all across the country, we will hold Babasaheb Ambedkar Samman Marches and submit a memorandum to President of India through ..

Amit Shah speaks in the house

Despite police permission being denied, top Telugu actor Allu Arjun attended the theatre where 'Pushpa-2' was screened on December 4, Telangana Chief Minister A Revanth Reddy charged on Saturday.
Even after the death of a woman in a stampede, the actor did not leave the cinema hall, prompting the police to force him out, CM alleged.
Responding to the issue after AIMIM MLA Akbaruddin Owaisi raised it in the Assembly, Reddy, referring to videos in circulation, found fault with Allu Arjun for holding a roadshow and waving to the crowds in spite of the heavy crowd.
Reddy further said the theatre management gave a letter to the police on December 2 seeking security for the visit of top actors and others on December 4. However, the police rejected the application, citing difficulties in crowd management.
Before entering the theatre and exiting, the actor stood through the sunroof of his car and waved to the crowds leading to thousands of fans jostling to get a glimpse of him, he said.
H

A Revanth Reddy, Reddy, Revanth,A Revanth,Telangana CM

The number of domestic migrants is estimated to have lowered by around 12 per cent to 40.20 crore between 2011 and 2023, indicating increased economic opportunities across the country, said a report by prime minister's economic advisory panel EAC-PM.
According to a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM), the number of domestic migrants stood at 40,20,90,396 in 2023, which was 11.78 per cent lower compared to the figure registered as per Census 2011.
The paper titled '400 Million Dreams! Examining volume and directions of domestic migration in India using novel high frequency data', said as per Census 2011, the total number of migrants stood at 45,57,87,621.
"Overall domestic migration in India is slowing. We estimate the overall number of migrants in the country, as of 2023, to be 40,20,90,396. This is about 11.78 per cent lower as compared to the number of migrants enumerated as per Census 2011 (45,57,87,621)," it said.
Consequently, the pape

Indians, Immigrants

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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Cong to hold weeklong campaign seeking Shah's resignation on Ambedkar issue

Allu Arjun attended 'Pushpa-2' screening despite police denying permit: CM

Number of domestic migrants drops by 12% to 402 mn since 2011: EAC-PM

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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

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