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Election Commission of India (ECI) has instructed the Aam Aadmi Party (AAP) to revise its election campaign song to comply with Advertising Codes. This directive comes in response to the ECI's objection to the phrase «jail ke jawaab me hum vote denge» and a visual depicting a mob holding a photo of Arvind Kejriwal behind bars, which the ECI believes casts aspersions on the Judiciary. In a statement, the ECI clarified its stance, saying, «The phrase 'jail ke jawaab me hum vote denge' showing an aggressive mob holding the photo of Arvind Kejriwal showing him behind bars, casts aspersions on the Judiciary.» The ECI further noted that the repeated use of this phrase in the advertisement violates the provisions of ECI Guidelines and Rule 6(1)(g) of Programme and Advertising Codes prescribed under the Cable Television Network Rules, 1994. However, the AAP has defended its campaign song, arguing that it does not target the Bharatiya Janata Party (BJP) and does not contravene the Model Code of Conduct. Atishi, a senior AAP leader, highlighted during a press conference that the song includes factual videos and incidents.

Also read: RBI sets standards for SFBs eyeing universal bank licence Uttam Tibrewal, executive director & deputy chief executive officer, AU SFB, said, “Prima facie it looks like we meet most of the criteria set out by the regulator. We are studying the circular in detail and will discuss the next course of action with our board soon. Currently, we are fully focused on ensuring a smooth integration with Fincare SFB and scaling our recently launched authorised dealer-I business of cross-border trade and forex for our customers." According to the RBI's guidelines, only listed SFBs can qualify for a universal banking license.

RBI) Friday proposed asking lending service providers (LSP) to share information in digital form about all the loan offers available to the borrower from all the willing lenders with whom they have lending arrangements. The banking regulator proposes this in a draft guideline on 'digital lending — transparency in aggregation of loan products from multiple lenders.' The RBI draft stated, «The LSP shall provide a digital view of all the loan offers available to the borrower, as per his/her requirements, from all the willing lenders with whom the LSP has arrangements with.»

criteria that small lenders need to achieve, including performance metrics and market listing, to become a universal bank and provide comprehensive services to both retail and corporate clients. The criteria include a five-year track record of satisfactory performance, a net worth of 10 billion rupees, meeting capital requirements, recent profitability and limited non-performing assets, the Reserve Bank of India (RBI) said. Existing promoters can continue without new additions and approved shareholding plans will remain unchanged, while diversified loan portfolios are favoured, the central bank said.

RBI) on Friday proposed that lending service providers (LSPs), acting as agents of banks, should give information on all the loan offers available with them to borrowers so that they can make an informed decision. Many of the LSPs offer aggregation services for loan products. LSP is an agent of a regulated entity (RE) who carries out one or more of lender's functions or part thereof in customer acquisition, underwriting support, pricing support, servicing, monitoring, recovery of specific loan or loan portfolio on behalf of REs in conformity with extant outsourcing guidelines. In December last year, the RBI announced to issue draft framework saying connected lending or lending to persons who are in a position to control or influence the decision of a lender can be of concern, if the lender does not maintain an arm's length relationship with such borrowers.

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 such banks to seek issuance of LOCs. A division bench of Justices Gautam Patel and Madhav Jamdar had on April 23 held as unconstitutional the clause of an Office Memorandum issued by the Central government empowering the Chairman, Managing Directors and Chief Executive Officers of public sector banks to seek issuance of LOCs against default borrowers or even persons who stood guarantee for such borrowers. In its 289-page judgment made available on Friday, the bench said an executive function cannot substitute a statute and the executive cannot in any event contravene the Constitution.

Will cease to function if forced to break encryption, WhatsApp tells Delhi High Court WhatsApp and its parent firm have challenged Information Technology Rule 4(2) of the 2021 IT (Intermediary Guidelines and Digital Media Ethics Code) that compels "significant social media intermediaries" to "enable the identification of the first originator of the information" which may be required by a court order or other competent authority. WhatsApp has unequivocally said it would not break its end-to-end encryption as it argues it would violate users' privacy.

Out of the total voters, around 1.44 crore are men, 1.43 crore are women, and 3,067 voters belong to the third gender. The election commission has set up 30,602 polling booths in these constituencies. A total of 1.40 lakh polling officers, 5,000 micro observers and 50,000 civil police, apart from 65 companies of CRPF and Reserved Armed Forces from other States have been deployed in these stations for the polls. With Karnataka seeing soaring temperatures in most parts of the state, people will be allowed to vote till 6 pm, and the booths will remain open till the last person votes. “The EC has issued guidelines on addressing the potential challenges posed by the heatwave and to ensure the safety and well-being of electors, especially senior citizens and persons with disabilities (PwD), as well as election personnel in the polling stations. Polling stations are equipped with adequate shade structures, such as tents, canopies of umbrellas, with provision for chairs, to protect voters from direct sunlight,” said Chief Electoral Officer for Karnataka Manoj Kumar Meena.

Also Read: Can you open a demat account without a PAN card? MintGenie answers In this article, we delve into the key compliance requirements that investors need to fulfill when opening and maintaining a demat account. These requirements encompass various aspects, including documentation, Know Your Customer (KYC) norms, transaction reporting, and regulatory disclosures.

mutual fund’s past performance gains a lot of significance. And at the time of examining the past returns, it is advisable to check the historical returns of a number of years and compare them holistically over a period of time to gauge the possibility of returns one can earn in future. ALSO READ: Mutual Funds: Small, mid cap funds saw massive surge in folios in March Here, we randomly select one value mutual fund — Tata Equity P/E Fund — which has delivered healthy returns in the past 19 years across different time periods, particularly via systematic investment plans (SIP) investment.

sugar or two. Experts say this habit has likely persisted or worsened in your adulthood, paving the way for the bitter moniker “diabetes capital of the world” for India. The problem with the so-called nutritional drinks has come to the fore in recent weeks after the latest controversy regarding Nestle's Cerelac brought to light how brands have been using 'added sugar' to products that are meant for infants. However, denying the allegations, Nestle spokesperson told ET Online that the reduction of added sugars is a priority for the brand.

Stock market today: After the gapdown opening in the early morning session on Thursday, the Indian stock market witnessed a strong rebound after intensified buying in the PSU segment. Shares of State Bank of India (SBI) also witnessed buying interest among Dalal Street bulls.

The Employees’ Provident Fund Organisation (EPFO) announced the interest rate on employees’ provident fund for FY2023-24 in February. The retirement fund body raised the interest rate by 10 basis points (bps) to 8.25% for the last fiscal year, 8.15% in the preceding year. This is the highest interest rate on EPF deposits in the last three years.

You take a home loan for a longer duration compared to other credit facilities. You pay them off over periods that can sometimes span 20 to 30 years. Because of this longer duration, it also brings some uncertainties regarding repayment of the loan, as 20 or 30 years is a considerable amount of time during which you may experience various financial ups and downs.

central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters. The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day. Tens of thousands of Indians receive daily telephone calls seeking to defraud them by accessing their bank accounts and wallets to siphon off money that then accumulates in the scammers' accounts.

KYC process for investors due to new guidelines that came into effect on April 1, the five KYC registration agencies (KRAs) — CDSL Ventures (CVL), NSDL Database Management (NDML), CAMS, Karvy, and Dotex have come with guidelines to simplify the process. All KRAs put together hold the KYC records of 108.3 million investors and facilitate storage and modification.

U.S. prosecutors are seeking an above-guidance sentence of 36 months for the former CEO of cryptocurrency exchange Binance on charges of enabling money laundering, according to a sentencing memorandum out late Tuesday.

Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion.

₹31,428 crore in advertising, making it the largest category to advertise, according to a 2024 report by Dentsu and Exchange4Media. FMCG firms account for a third of all advertising spends in India. "It is directionally very good because the Supreme Court is looking at a larger ambit now.

Lok Sabha polls 2024, rising political tensions coincide with a sweeping heatwave affecting multiple states. The first phase of elections saw a turnout of 65.5%, a drop of 4.4% from 2019. The upcoming second phase, covering 13 states and Union Territories, faces additional challenges with heatwave warnings in parts of West Bengal, Bihar, Uttar Pradesh, and Karnataka.

Paytm Payments Bank, said on April 22 that the bank's board is independent and strong to deal with regulatory issues. “I or anyone from OCL have nothing to do personally with the payments bank," said Vijay Shekhar Sharma during a webinar, as quoted by Reuters.