Guidelines Financial News

Karnataka Chief Minister Siddaramaiah on Saturday said the state government would amend the existing laws related to money lending business and introduce new legislation to protect the interest of the genuine borrowers. In the wake public outrage against the alleged harassment by micro-finance companies to recover money from borrowers, Siddaramaiah chaired an emergency meeting with his deputy D K Shivakumar, Revenue Minister Krishna Byre Gowda, Home Minister G Parameshwara, Law Minister H K Patil, senior government and top police officials.

Union Public Service Commission (UPSC) has introduced new guidelines for the 2025 civil services examination. The key change, effective from the 2025 examination cycle, is the requirement for candidates to submit documents supporting their claims regarding age and reservation categories at the time of applying for the preliminary exam. This change replaces the previous system where such documents were only required after candidates had passed the preliminary test.

President Donald Trump signed an executive order promoting digital assets and other financial technologies Thursday.

Seven families are suing TikTok in France, accusing the platform of failing to moderate harmful content and exposing children to life-threatening material

Reserve Bank of India (RBI) wants to leave no stone unturned when it comes to prevention of cyber fraud with banking consumers. Recently the RBI has given a direction to all banks, etc to use Telecom Regulatory Authority of India (TRAI)’s MNRL list available on the Digital Intelligence Platform (DIP) to enhance the bank’s fraud risk monitoring and prevention. This technology developed by the Ministry of Communications can prevent bank accounts from being operated as Money Mules and / or being involved in cyber frauds.

Subscribe to enjoy similar stories. The Reserve Bank of India (RBI) has allowed non-residents to open rupee accounts in the overseas branches of India-registered authorized dealer banks to conduct cross-border transactions. Mint explains the significance of this move: In a circular last week, RBI allowed overseas branches of authorized dealer (AD) banks to open rupee accounts for non-resident Indians for settling current and capital account transactions with Indian residents. AD banks are authorized by RBI to deal in foreign exchange or foreign securities.

X10 Financial Services Ltd, a non-banking financial company (NBFC), due to irregularity in its digital lending operations. The Mumbai-based company was providing loans through several service providers (mobile apps), including Wecash Technology, XNP Technology, Yarlung Technology, Xinrui International, Omelette Technology, Mad-Elephant Network Technology and Huidatech Technology.

e-commerce platforms, mandating self-regulatory measures to protect consumers from fraudulent practices amid the fast-growing digital shopping landscape in India. The draft guidelines, titled 'E-commerce-Principles and Guidelines for Self Governance', have been prepared by the Bureau of Indian Standards (BIS) under the Food and Consumer Affairs Ministry's supervision, seeking stakeholder comments by February 15.

Subscribe to enjoy similar stories. A fifth of adults account for an estimated 90% of alcohol sales volumes in the U.S., according to a Bernstein analysis. Most ads for liquor or beer include a reminder to “drink responsibly." Still, the alcohol industry depends on people who drink more than public-health officials say is safe.

Subscribe to enjoy similar stories. A federal policy to encourage battery swapping for electric vehicles may go on the backburner, two people aware of the matter said, in the backdrop of industry fears that forcing common standards is not practical and will hurt innovation. Swapping drained batteries for new ones is seen as an idea to encourage the adoption of electric vehicles, since batteries take much longer to charge than filling up at a fuel station.

BMI) to waist circumference and waist-to-height ratio. According to a study published in Elsevier, individuals may be classified as obese even with a normal BMI if their waist measurements exceed specific thresholds.

Goods and Service Tax (GST) proper officer can't arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to explain to the taxpayers about the 'grounds of arrest' and also obtain a written acknowledgement from them about their understanding of the explanation.

Trump Organization's new ethics guideline is now out, and it clearly states that Trump will have no involvement with the management of his family’s business. The new ethics guideline was recently unveiled as Trump's inauguration ceremony is drawing near, and he will soon be in power at the White House.

Meta offices. According to The New York Times, facilities managers across Meta’s offices in Silicon Valley, Texas, and New York were instructed to remove the menstrual products, which had previously been provided for non-binary and transgender employees. As per the reports, this move was part of Meta’s broader strategy to align its internal policies with the anticipated values of the incoming political leadership. The company implemented a range of changes, such as eliminating transgender and nonbinary customisation options from its Messenger app and revising its «Hateful Conduct» guidelines. In a major policy shift, Meta ended its US fact-checking program and introduced a community-based notes system, inspired by the model used on X. CEO Mark Zuckerberg defended the move, stating that traditional fact-checking had been perceived as politically biased and had undermined public trust.

Subscribe to enjoy similar stories. Barbells; chalk; the clang of iron plates. Strength training is having a moment.

social media for children, underscoring that too much screen time is not good for them. The aim is to keep the kids away from the devices and bring them to playgrounds and study tables, State Minister of Education Prafful Panseriya told reporters.

Loblaw is apologizing after the grocer confirmed some meat products sold in stores across Western Canada were underweighted compared with what was posted on the label, leading to some customers being overcharged.

lending restrictions on microfinance company Arohan Financial Services after it became satisfied with the company's revamped processes as well as its commitment to adhere to the regulatory guidelines.

Subscribe to enjoy similar stories. The regulatory developments and the actions of the Reserve Bank of India (RBI) on fintech entities in 2024 received widespread coverage. The unease felt by the sector was expressed in various forums.