Issuance of LOCs at instance of public sector banks sans law is violation of fundamental rights: Bombay HC
Mumbai: The Bombay High Court has said that issuance of a Look Out Circular (LOC) at the instance of public sector banks against alleged default borrowers in the absence of a statute or law is violative of a person’s fundamental rights. The court made the observation on April 23 while quashing the Centre’s decision empowering […]
India-focused JVs expected from Entrepreneurs Organization’ Singapore conference
Singapore: A good number of joint ventures and partnerships are going to happen between Indians and delegates from 65 countries that were at the Entrepreneurs Organization’s (EO) Singapore conference held this week. “This conference has helped members from India share their thoughts and ideas and take back potential partnerships for developing programmes and services in […]
Gold jumps Rs 350; silver bounces Rs 600
New Delhi: Gold and silver prices jumped in the national capital on Friday amid strong trends in the overseas markets, according to HDFC Securities. The precious metal prices rose by Rs 350 to Rs 72,850 per 10 grams. It had closed at Rs 72,500 per 10 grams in the previous session. Silver prices also jumped […]
2024 LS polls pegged as costliest ever, expenditure may touch Rs 1.35 lakh crore: Expert
Kolkata: The 2024 Lok Sabha elections are on track to break past records and become the most expensive electoral event in the world, according to a poll expert. The estimated expenditure is expected to reach a staggering Rs 1.35 lakh crore, more than double the Rs 60,000 crore spent in 2019, claimed N Bhaskara Rao, […]
FSSAI in process of collecting pan-India samples of Nestle’s Cerelac baby cereals: CEO
New Delhi: Food safety regulator FSSAI on Thursday said it is in the process of collecting pan-India samples of Nestle’s Cerelac baby cereals, amid a global report that claimed the company was adding higher sugar content in the product. “We are collecting samples (of Nestle’s Cerelac baby cereals) from across the country. It will take […]
RBI bars Kotak Mahindra Bank from onboarding customers online, issuing credit cards
Mumbai: Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found “serious deficiencies” in the lender’s IT risk management. These actions, the RBI said, are necessitated […]
Govt extends deadline for accreditation of halal certification bodies till July 4
New Delhi: The government has extended the deadline for accreditation of halal certification bodies and registration of export units by three months till July 4 this year. Last year, the Directorate General of Foreign Trade (DGFT) had notified the policy conditions for halal certification process for meat and meat products and had directed the existing […]
Agri exports fall 9% to USD 43.7 bn during Apr-Feb 2024 due to global, domestic factors
New Delhi: The country’s agriculture exports declined by 8.8 per cent to USD 43.7 billion during April-February period of 2023-24 fiscal due to factors like the Red Sea crisis, Russia-Ukraine war, and domestic restrictions imposed on critical items like rice, wheat, sugar and onion. According to the data of the commerce ministry, the exports stood […]
India fourth largest military spender globally in 2023: SIPRI report
New Delhi: India was the fourth largest military spender globally in 2023 with an expenditure of USD 83.6 billion, behind the US, China and Russia, according to a report by an independent international think-tank. The report by Stockholm International Peace Research Institute (SIPRI) shared on its website in April also said the “rise” in global […]
Ensure children up to 12 yrs are allocated seats with their parents in flight: DGCA tells airlines
New Delhi: Aviation watchdog DGCA has asked airlines to ensure that children up to the age of 12 years are allocated seats with at least one of their parents or guardians in a flight. The directive comes against the backdrop of instances of children below the age of 12 years were not seated along with […]
