Prevention Financial News

Reserve Bank of India (RBI) is set to do away with the OTP (one time password) based authentication. As of now, the banking regulator has not issued any detailed guidelines. The plan has been shared in a Statement on Development and Regulatory Policies released on Feb 8 on the RBI's website.

Uttarakhand government on Saturday demanded four extra units of central paramilitary forces to help control the law and order situation in Banbhulpura, Nainital, following recent violence that erupted during an anti-encroachment operation led by the district administration. Here are the top ten updates: 1. As reported by ANI, in a letter written to the Union Home Secretary on Saturday, Uttarakhand Chief Secretary Radha Raturi said, “In view of the encroachment drive on 08.02.2024 in Malik ka Bagicha under the Banbhulpura police station area of Haldwani city of Nainital district, continuous attempts are being made by anarchist elements to impact law and order, hence there is a need for 04 companies of additional paramilitary forces." 2.

magisterial probe was ordered on Saturday into the February 8 riots after the demolition of an «illegal» madrassa in Haldwani, while curfew was lifted from the outer areas of town but remained in force in Banbhoolpura, the epicentre of the mob violence. Police said they have begun a search for Abdul Malik who had built the structure. Internet services remained suspended in the town to prevent rumours from spreading through social media platforms. Police patrolled the affected areas as streets wore a deserted look and shops and schools remained shut. Three FIRs have been registered and five persons arrested so far in connection with the violence, Nainital Senior Superintendent of Police Prahlad Meena said at a press conference here.

Prevention of Evil) Practices Bill, 2024 whereby any person found guilty of committing the illegal act in the name of treatment/magic healing shall be punished with imprisonment and a fine. The state cabinet has approved the proposed Bill which seeks to seeks to prohibit and eliminate practices of magical healing in the name of treatment of some congenital diseases like deafness, dumbness, blindness, physical deformities, autism, etc. It will prohibit such healing sessions completely and provide strong punitive action against healers' extorting the poor and downtrodden people in the name of treatment

₹3 crore after the English pacer was ruled out of the T20 league for undisclosed reasons. “Lucknow Super Giants (LSG) named Shamar Joseph as a replacement for pacer Mark Wood for the upcoming edition of the TATA Indian Premier League (IPL) 2024. Joseph will join LSG for ₹3 Crore.

Ecommerce enabler GoKwik said there is an increasing proliferation of fake orders on ecommerce platforms from people who provide gibberish contact and address details, impacting the cost of operations for companies. «Over the last two weeks, we have observed 2-10% of total orders being fraudulent on the affected merchants. For some, it has been as high as 15-20%. However, with our return to origin (RTO) risk intelligence and fraud prevention mechanisms, we were able to intervene and safeguard merchants immediately. We fear that the actual number of brands affected in the overall ecosystem outside of GoKwik network will be far higher,» said Chirag Taneja, cofounder and CEO of GoKwik.

MDA) campaign this year against the nationwide coverage of 82.5 per cent last year, Minister of State for Health S P Singh Baghel said on Saturday. Baghel launched the first phase of the bi-annual campaign for Lymphatic Filariasis elimination. The campaign aims to check disease transmission by providing free preventive medications to the residents in areas affected by the disease. The campaign will cover 92 districts across 11 states and will run for the next two weeks. Applauding the health care professionals, especially those working tirelessly to support the fight against the disease, he said, «We expect a great success due to the launch of this bi-annual Mass Drug Administration. Last year, the coverage was 82.5 per cent whereas this year we should make greater efforts and try to achieve more than 95 per cent coverage of the eligible population.»

government in Chhattisgarh had pushed the state on the verge of bankruptcy but the BJP government has set a goal of doubling the GDP in five years, Finance Minister O P Choudhary has said. Choudhary, who presented a budget of Rs 1,47,446 crore for 2024-25 in the state assembly on Friday, said that in line with Prime Minister Narendra Modi's vision to make India a five-trillion-dollar economy and a developed nation by 2047, the state budget has paved the way for inclusive development and economic growth. «At a time when the country is marching ahead with zeal and enthusiasm to achieve the single goal of becoming a developed India. Chhattisgarh too has set a vision of transforming into a developed state in the Amrit Kaal,» he said in a write-up after presenting the budget. Through its annual budget, Chhattisgarh has laid the foundation of this new era with a focus on the prosperity of GYAN, stimulating infrastructural growth by increasing capital expenditure, and employment and livelihood promotion for youths of the state, he said.

₹25 crore as a bribe for not framing Bollywood actor Shah Rukh Khan's son Aryan Khan in the drugs-on-crime case. The agency said that the deal was closed for ₹18 crore, adding that Wankhade's assets were not proportionate to his known sources of income.

Sandeshkhali area of North 24 Parganas district. Meanwhile, Section 144 has also been imposed to maintain law and order in the area. Locals staged a massive protest on Friday, demanding the arrest of absconding Trinamool Congress leader Sheikh Shajahan and his associates. As the protests turned violent, a house was being vandalized and poultry farms were set on fire. Carrying sticks and other objects, locals took out processions in different areas of the area as protests intensified on the third day of the agitation. In the afternoon, the house of Shajahan’s aide, Shibu Prasad Hazra was vandalised, police said. Also, three poultry farms in Zeliakhali belonging to Hazra were set ablaze, it is learned.

money laundering case against former Mumbai NCB zonal director Sameer Wankhede taking cognisance of a CBI FIR in an alleged Rs 25-crore bribe demand from superstar Shah Rukh Khan's family to spare his son in a drugs case, official sources said Saturday. The central agency has booked the case under the Prevention of Money Laundering Act (PMLA), they said. Some former Narcotics Control Bureau (NCB) officials have also been summoned. Wankhede, a 2008-batch Indian Revenue Service (IRS) officer of the Customs and Indirect Taxes cadre, has moved the Bombay High Court seeking protection from any coercive action by the anti-money laundering agency.

The director of the main U.N. aid agency for Palestinians says Israeli restrictions are preventing food for 1.1 million people from reaching war-battered Gaza

More foods are being recalled in the wake of a deadly outbreak of listeria food poisoning

government is mulling to come with a framework to prevent exploitation of content creators by big platforms on internet, minister of state for electronics and IT Rajeev Chandrasekhar said on Friday. The minister said that big powerful commercial platforms online have started to distort fundamental characteristic of openness of the internet. «I think to maintain the openness, the symmetry between those who create the content and those who distribute the content, there is a need for some sort of conversation or discussion.

U.S. Treasury Secretary Janet Yellen has expressed the need for increased authority within the Treasury Department to address the alleged utilization of crypto by terrorist groups.

China has ramped up its digital yuan work over the last year, while the ECB is now in the preparation phase for a digital euro and India is seeing a million transactions per day processed by commercial banks throughout the country for the digital rupee. Yet in the US, the Federal Reserve has been cautious about pushing ahead with pilots and several governors have expressed scepticism about the need for a CBDC. This month, Donald Trump vowed to prevent the creation of a digital dollar if he wins the US presidential election, calling a CBDC a "dangerous threat to freedom". Josh Lipsky and Ananya Kumar from the Atlantic Council’s GeoEconomics Centre warn that technological payments innovation at the Fed is lagging behind its peers and competitors.

Paxlovid can prevent hospitalization and death from COVID-19, but experts say it's being underused

₹1,663 crore) by way of a rights issue to all its equity shareholders. The proposed rights issuance by TLPL aims to fund the ongoing capital expenditure and support general corporate purposes, the company said in a release. The fresh raising of funds after Byju's released its audited results for 2022 and reported a significant increase in losses, surging from ₹4,564 crore to ₹8,245 crore compared to the previous year.

Rishi Sunak will announce plans on Monday to ban the sale of disposable vapes to prevent their use by children, and reiterate the government's intention to introduce a law preventing younger generations from buying tobacco. Under the new powers, there would be restrictions on vape flavours, a requirement for plain packaging, and changes to how vapes, or e-cigarettes, are displayed to make them less attractive to children.

China has ramped up its digital yuan work over the last year, while the ECB is now in the preparation phase for a digital euro and India is seeing a million transactions per day processed by commercial banks throughout the country for the digital rupee. Yet in the US, the Federal Reserve has been cautious about pushing ahead with pilots and several governors have expressed scepticism about the need for a CBDC. This month, Donald Trump vowed to prevent the creation of a digital dollar if he wins the US presidential election, calling a CBDC a "dangerous threat to freedom". Josh Lipsky and Ananya Kumar from the Atlantic Council’s GeoEconomics Centre warn that technological payments innovation at the Fed is lagging behind its peers and competitors.

By Tim Hepher and Rajesh Kumar Singh