The Reserve Bank of India (RBI) has issued a draft master direction on the treatment of wilful defaulters, allowing borrowers to remove the tag by reaching a compromise settlement with banks. The new rules aim to provide a transparent procedure for classifying borrowers as wilful defaulters while complying with the principles of natural justice....
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Japan’s “Cool Biz” initiative, which encourages workers to dress in lighter and more casual attire during the summer months, is not only helping to reduce energy consumption but also serving as a model for other countries to combat greenhouse gas emissions. The initiative has been successful in Japan, with over 86% of workplaces participating,...
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India ranks fourth in the world for scaleups, with 429 startups receiving over $50 million in venture capital investment, according to a report by Startup Genome. The US, China, and the UK are ahead of India in terms of scaleups, but India surpasses the UK in total VC investment and cumulative tech value investment.
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Prime Minister Narendra Modi has called on people across India to participate in a one-hour voluntary labor initiative for cleanliness on October 1st. The initiative, called Ek Tareekh Ek Ghanta Ek Saath (One Date One Hour Together), aims to pay tribute to Mahatma Gandhi on his birth anniversary. Garbage vans will make announcements and...
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The independent expert group on multilateral development bank (MDB) reforms met in Delhi to discuss their second report, which will be presented to FM Nirmala Sitharaman. Larry Summers and N K Singh, co-convenors of the panel, expressed their encouragement with the progress of the reforms so far. They discussed the need for bold financial...
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Bengal CM Mamata Banerjee has been advised 10 days’ rest along with restricted movement for a second knee injury in three months. She apparently hurt her left knee last week during her trip to Spain, adding to the ligament damage caused by her chopper making an emergency landing in north Bengal on June 27.
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