Prevention Financial News

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

Farmers under the banner of the Samyukta Kisan Morcha (non-political) and Kisan Mazdoor Morcha on Wednesday squatted on a rail track in Patiala district near the Punjab and Haryana border, demanding the release of three farmers who had been arrested by the Haryana Police. The movement of more than 30 trains was impacted as they were either diverted, cancelled or short-terminated because of the blockade at the Shambhu Railway Station, railway authorities said. The disruption in rail movement also caused inconvenience to rail passengers on the occasion of Ram Navami. KMM leader Sarwan Singh Pandher said the Haryana administration had given them an assurance that the arrested farmers would be released by April 16.

car insurance online to avoid policy lapse and associated hassles. If you are wondering why you must renew your car insurance on time, we will tell you in this article.

Morgan Stanley said federal inquiries about its efforts to monitor the background of its wealth management clients aren’t new, and that the bank has already accounted for the costs of fixing its related processes.

Enforcement Directorate (ED) has made four fresh arrests in connection with the alleged illegal land grab-linked money laundering case against former Jharkhand chief minister Hemant Soren and others, official sources said on Wednesday. Those taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) have been identified as Antu Tirkey, Priya Ranjan Sahay, Bipin Singh and Irshad, they said. The ED had on Tuesday conducted searches at the premises of Tirkey and some others here and the four were arrested following their questioning. Tirkey is allegedly linked to Soren while Singh is a real estate businessman. Sahay «forged» some land-related documents along with others, according to the charge sheet filed in the case.

Accounting firm EY launched an Ethereum-based blockchain solution on Wednesday. It aims to help businesses execute complex agreements, reduce costs, and maintain security.

MUMBAI : The Reserve Bank of India (RBI) has proposed that non-banks offering physical point of sale services (PoS) must notify the regulator of their intent to seek authorization within 60 days, and then submit their application by 31 May 2025, for approval to continue operations. “…they shall be allowed to continue their operations till they receive communication from the RBI regarding (the) fate of their application," the regulator said in a draft circular late on Tuesday.

Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers' defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China's growing influence but also wants to maintain lines of communication with Beijing to prevent tensions from spiraling out of control. «The two officials discussed US-PRC defense relations and regional and global security issues,» the Pentagon said in a statement, referring to the People's Republic of China.

A plan by Britain’s government to introduce a landmark smoking ban that aims to stop young people from ever smoking has cleared its first hurdle in Parliament despite vocal opposition from within Prime Minister Rishi Sunak’s Conservative Party

Mint. Currently, the regulations do not permit drone operations beyond the visual line of sight of the drone operator. While the government permitted 20 entities to conduct experimental BVLOS flights in 2021, so far regulatory structure for implementation of these flights is yet to see the light of the day.

Moscow, Apr 16, 2024 -Russian President Vladimir Putin warned that further escalation in the Middle East could have «catastrophic consequences,» during a phone call with his Iranian counterpart Ebrahim Raisi, the Kremlin said Tuesday. «Vladimir Putin expressed hope that all sides would show reasonable restraint and prevent a new round of confrontation fraught with catastrophic consequences for the entire region,» the Kremlin said in a readout of the call. The situation in the Middle East grew even tenser over the weekend when Iran and its allies launched a barrage of over 300 missiles, drones and rockets at Israel.

UAE Weather: Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council in the United Arab Emirates (UAE) has ordered work-from-home for all employees today, April 16, NDTV reported. The decision that all Ajman government employees will work remotely on April 16 comes amid adverse weather changes in the region, it added. This ruling applies to workers in all government offices in Ajman, except for those with duties that must be done in person as decided by the competent authority in each department, it said.

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Medical experts are sounding the alarm about the Canadian Task Force on Preventive Health Care, branding the group’s cancer screening guidelines as “dangerous” and “deplorable.”

Crude oil prices can hit $100 a barrel if Iran-Israel tensions escalate, say experts “Crude oil dipped around $85 after Israel successfully defended itself from Iran's large-scale air attack over the weekend, and the US underlined its desire to prevent a larger Middle East conflict. The Iranian strike did minimal damage in Israel.

Kharge on Monday said that the guarantees given by Prime Minister Narendra Modi are «false» as none of them have been fulfilled, leaving the people in «utter disarray». Addressing an election rally organized by the INDIA bloc here to seek votes for the Congress nominee V Vaithilingam in the April 19 Lok Sabha polls, Kharge invoked the promises given by the PM regarding two crore jobs per year to the youth, which were not implemented. «Similarly, the farmers are not getting a hike in prices for their produce or minimum support price for their crops. The promise of every person getting Rs 15 lakh from retrieval of black money stacked abroad is also yet to be realised,» Kharge said. The Congress president said that such guarantees or promises were «false» and people «were taken for a ride». He said that the forthcoming Lok Sabha polls would be an opportunity for the people to support the INDIA bloc and «ensure protection of their fundamental rights and democracy».

Enforcement Directorate has arrested Chanpreet Singh, who allegedly «managed» AAP funds for the Goa assembly elections, in the Delhi excise policy-linked money laundering case, official sources said Monday. He was taken into custody under the Prevention of Money Laundering Act (PMLA), they said. This is the 17th arrest in the case by the ED. Delhi Chief Minister Arvind Kejriwal was arrested last month and he is currently lodged in Tihar jail under judicial custody. Chanpreet Singh was earlier arrested by the CBI too in the same case. The money laundering case stems from the Central Bureau of Investigation FIR.

credit cards) were growing at a faster pace. Taking note of the high growth and to avoid an increase in the banks' NPAs, the RBI increased the risk weights for these loans in November 2023. The move has not had much impact on the growth of these loans, specifically credit cards.

Election Commission on Monday ordered the removal of DIG of Murshidabad in West Bengal following violence, and for the officer's «lack of supervision» to immediately prevent more incidents, sources said. They said two violent incidents were reported there in which weapons and explosives were used.

BRS) leader K Kavitha's CBI custody till April 23 in the alleged Delhi excise policy scam. The CBI produced the accused before the court on the expiry of her three-day police custody granted earlier by a judge. Kavitha, 46, was arrested from Tihar Jail, where she was lodged after her arrest by the Enforcement Directorate (ED).

United States on Sunday highlighted its role in helping Israel thwart Iran's aerial attack as President Joe Biden convened leaders of the Group of Seven countries in an effort to prevent a wider regional escalation and coordinate a global rebuke of Tehran. The U.S. assisted Israel in shooting down dozens of drones and missiles fired by Iran on Saturday in what was the first time it had launched a direct military assault on Israel. Israeli authorities said 99% of the inbound weapons were shot down without causing any significant damage.