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Financial Action Task Force's recommendations to tackle money laundering and terror financing, a central government official said on Wednesday. India is among the few countries that are working on FATF recommendations to regulate the fintech industry, said Vivek Agrawal, additional secretary (department of revenue), ministry of finance, during the ongoing 41st plenary meeting of the Eurasian Group in Indore. FATF leads global action to tackle money laundering, terrorist and proliferation financing. The Reserve Bank of India (RBI) has also issued separate guidelines to regulate payment aggregators and payment gateways, he said.

Subscribe to enjoy similar stories. The idea to eat clean and shed some extra pounds always peaks during this time of year, whether it is to fit into that sparkly dress or to get a head start on a New Year’s resolution. In the last few years, a range of detox recipes and cleanses have become popular— be it the Hollywood-approved Master Cleanse diet that involves drinking a concoction of water, lemon juice, cayenne pepper and maple syrup through the day for 10 days, sticking to a diet of only green juices, or eating salads for several days.

But there could be exceptions to this under the new Telecommunications Act to serve public interest, or to perform government function or where auction of spectrum is not the preferred mode of assignment due to technical or economic reasons, minister of state for communications Pemmasani Chandra Sekhar said Wednesday in a written reply in the Lok Sabha. Towards this, the telecom department has sent a reference to the telecom regulator for recommendations on the terms and conditions of spectrum assignment, including spectrum pricing, for licensees who want to provide satcom services, while factoring in a level playing field with terrestrial access services, the minister said.

mutual funds have multiplied investors’ SIP investments by over three times in the last seven years. Seven small cap and mid cap funds, two flexi cap funds, a multi cap, contra, and an ELSS fund multiplied investors’ SIP investment by more than three times in the last seven years. The top schemes in the list were from the small cap category. Quant Small Cap Fund and Nippon India Small Cap Fund multiplied investors’ SIP investments by 4.19 and 3.88 times respectively in the last seven years.

₹10,000 crore through a fresh issuance of equity shares. Notably, this offering does not feature any offer-for-sale (OFS) component.With a price band set between ₹102 and ₹108, this share sale is positioned to attract a diverse group of investors.

Subscribe to enjoy similar stories. Officials of Life Insurance Corp. of India (LIC) informed executives of Zee Entertainment Enterprises Ltd at a shareholder outreach programme that they would not back another five-year term for Punit Goenka as managing director, three people aware of the matter said.

Adani Green Energy following the US indictment for alleged bribery to win contracts. According to highly-placed state government sources, Andhra Pradesh is considering writing to Solar Energy Corporation of India (SECI) to cancel the power purchase agreement (PPA) signed with Adani Green Energy and recommend a probe by a central investigative agency. Other options being considered include formation of a Cabinet sub-committee to examine the charges of bribery and keep the power supply agreement (PSA) signed with SECI in abeyance. The third option is to completely scrap the PSA. Sources said that the state government is veering towards the option of writing to the SECI and ask it to scrap the PPA. The PPA under scrutiny involves the Andhra Pradesh government's procurement of 7,000 megawatts (MW) of solar power through SECI. US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed state government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of J&K, between 2021 and 2022.

Revenue rose by 11 per cent to Rs 5,894 crore in the quarter from Rs 5,297 crore in the same period a year ago.

Subscribe to enjoy similar stories. Fees to select seats or to sit in rows with a few extra inches of legroom have become big business for airlines, according to a Senate subcommittee report released Tuesday. Five U.S.

Subscribe to enjoy similar stories. As expected in the previous day's market commentary, the Indian benchmark index Nifty50 opened with a strong gap-up, taking cues from the Maharashtra state election and positive global sentiment. The index opened 346-point higher at 24,253, registered an intraday high at 24,351, and closed at 24,222.

In a speech given by BoE's deputy governor for monetary policy Clare Lombardelli today (25 November), the Bank will undertake a reform targeting the «whole nose to tail process of monetary policy making and communication». Back in April, Bernanke published an 86-page report outlining a set of deficiencies in the Bank's forecasting infrastructure, which are the tools staff use to produce its quarterly forecast and support analyses, with the review also including 12 recommendations. The changes come in response to «a sequence of supply shocks» which have impacted the UK economy in recen...

GST on life and health insurance will be placed before the GST Council when received, Parliament was informed on Monday. The issue of exempting/reducing GST on life and health insurance was placed before the GST Council in its 54th meeting on September 9, 2024. After detailed deliberations, the Council recommended constituting a GoM to holistically look into issues pertaining to GST on life and health insurance. Accordingly, a GoM was constituted under the Chairmanship of Samrat Chaudhary, Deputy Chief Minister of Bihar. First meeting of the GoM was held on October 19, 2024 at New Delhi where issues of GST rate on health and life insurance policies were discussed, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.

oncologists from Tata Memorial Hospital have challenged recent claims made by former cricketer Navjot Singh Sidhu regarding his wife's cancer treatment. Sidhu attributed Navjot Kaur Sidhu’s recovery to a diet including turmeric, neem, and intermittent fasting. The oncologists, however, credit standard medical procedures. “Please don’t believe and get fooled by these statements regardless of who it comes from. These are unscientific and baseless recommendations. She got surgery and chemotherapy that were evidence based which is what made her cancer-free. Not the haldi, neem etc.,” stated Dr. Pramesh CS, Director of Tata Memorial Hospital, in a post on X responding to Sidhu's video. Sidhu announced his wife was clinically cancer-free on Thursday, detailing her diet and fasting regimen in a video conference. He claimed these practices helped cure her “incurable” disease.

higher education abroad has become increasingly competitive, with 1.35 million Indian students pursuing international education across 108 countries in 2024 (Data shared by Ministry of External Affairs). For Indian students aspiring to study abroad, getting into a college of their preference seems like a dream. Historically, academic grades have always been the primary aspect in securing admission to reputed institutions but over time the significance of traits and achievements beyond the classroom have also grown significantly. Today, many students can be seen asking the question, “what more can we do?”, as elite universities seek students who offer much more than educational excellence and come with attributes that are well suited to the environment on the campus. What must the aspiring students do?

Donald Trump Jr. is reportedly playing a key role in shaping the cabinet selections of his father, President-elect Donald Trump, according to USA Today.

hybrid mutual funds — schemes that invest in equity and debt — may serve investors, especially new and inexperienced investors, better. Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns. Conservative hybrid schemes, as the name suggests, are meant for investors with a conservative risk profile.

₹195 crore from anchor investors. The company's initial public offering (IPO) is valued at ₹650 crore, with shares priced between ₹140 and ₹148 each.

India VIX inched higher to close at 16.10 on Friday, reflecting heightened market caution and a slight uptick in volatility.

HDFC Bank, HCL Tech, Zomato, RVNL among others will be in focus due to various news developments. Indian Bank The Financial Services Institutions Bureau (FSIB) recommended Binod Kumar for the post of MD of Chennai-based Indian Bank.

Subscribe to enjoy similar stories. The Nifty50 benchmark index made a strong recovery on Friday, driven by short covering in index heavyweights, exit polls signalling a comfortable victory for the BJP in Maharashtra, and positive global cues triggered buying across sectors. The advance-decline ratio of 3:1 favoured the bulls.

sleep divorce,” it’s a trend that’s allowing couples to wake up refreshed and still in a relationship, even if it’s from different beds or rooms.“Sleep divorce refers to when two people in an intimate relationship decide to have a sleeping arrangement where they’re not in the same bed. They may be in the same room, but technically, they’re just not in the same bed,” explained Dr.