Daily News

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RBI extends customer protection to PPI deals

RBI has extended customer protection to users of authorized PPIs. Users of PPIs will not be liable for losses incurred due to fraud/discrepancy. In third-party interference, there is no customer liability if the matter is brought to notice within 3 days.

Did you Know

Max of ₹ 10000 customer liability for reported b/w 4 to 7 days.

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Government amalgamates three regional rural banks

The govt has amalgamated 3 RRBs named Punjab Gramin Bank, Malwa Gramin Bank & Sutlej Gramin Bank into a single RRB with effect from Jan 1. Sponsor banks of RRBs are NABARD, Govt of Punjab & Punjab National Bank, State Bank of India & Punjab and Sind Bank.

Did you Know

Sponsor bank contributed 35% of share capital.

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SEBI issues directive to stock brokers, depository participants using AI tools

According to SEBI, Stockbrokers and depository participants using applications based on artificial intelligence (AI) will have to make quarterly disclosures on their compliance with cybersecurity framework.

Did you Know

Ajay Tyagi is the Chairperson of SEBI.

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Vijay Mallya becomes first person to be declared a 'fugitive economic offender' under new law

A special court in Mumbai declared Vijay Mallya a fugitive economic offender on a plea of the Enforcement Directorate under the provisions of the new Fugitive Economic Offenders Act which came into existence in August last year.

Did you Know

He has become the first businessman to be declared EFO.

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Union HRD Minister inaugurates 27th edition of New Delhi World Book Fair

Prakash Javadekar inaugurated the 27th edition of New Delhi World Book Fair. The theme of 2019 is 'Readers with Special Needs'. The theme emphasizes inclusive learning which includes audio, silent tactile & braille books for the specially-abled.

Did you Know

The book ‘Exam Warriors’ was written by PM Narendra Modi.

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BHEL commissions 800 MW thermal power plant in 46 months in Telangana

BHEL commissioned an 800 MW thermal unit at Kothagudem Thermal Power Station within a record time of 46 months in Telangana. BHEL has executed this project on Engineering, Procurement and Construction (EPC) basis.

Did you Know

Atul Sobti is the CEO of BHEL.

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Patnaik announces interest-free loans for women self-help groups

Odisha Chief Minister Naveen Patnaik announced interest-free loans of up to ₹3 lakh for women self-help groups (WSHGs) in the state. Also, he launched a scheme to distribute ₹15,000 seed money per group to three Lakh new SHGs.

Did you Know

Ganeshi Lal is the governor of Odisha.

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Karnataka plans to introduce millet based mid-day meal in govt schools

Karnataka government is planning to introduce millet based mid-day meals in school government schools & Indira Canteens. Currently, the deliberations are on to introduce millet-based food weekly once. It will encourage farmers who are into organic farming.

Did you Know

Bengaluru is to host Organics and Millets 2019 Fair in Jan 2019.

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NHAI to sign MoU with fuel retailers for issuing FASTags at petrol pump outlets

National Highways Authority of India will sign agreements with state-owned fuel retailers IOC, BPCL, and HPCL to ensure availability of FASTags (National Electronic Toll Collection Programme) at petrol pump outlets across India.

Did you Know

FASTags will be available at 50 points in Delhi NCR in 1st phase

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NGT imposes Rs 100 cr fine on Meghalaya govt for failing to curb illegal mining

NGT imposed a fine of whopping ₹ 100 cr on Meghalaya govt for its failure to curb illegal coal mining in the state. The report of 3-member committee headed by BP Kakoti stated that around 24000 mines in Meghalaya & majority of them were operating illegally

Did you Know

Adarsh Kumar Goel is the chairperson of NGT.