Mumbai, July 14 (IANS) The Reserve Bank of India (RBI) on Tuesday held its half-yearly meetings with the Managing Directors and Chief Executive Officers of Public Sector Banks and select Private Sector Banks in Mumbai, with Governor Sanjay Malhotra calling on lenders to harness artificial intelligence (AI), strengthen cybersecurity and maintain a strong customer-centric approach.The meetings were chaired by the RBI Governor and attended by Deputy Governors Swaminathan J., Dr. Poonam Gupta, S. C….
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New Delhi, July 14 (IANS) The Indian Railway Catering and Tourism Corporation (IRCTC) is set to launch a revamped version of its ticket booking website on July 15, aimed at making the reservation process faster, smoother and more user-friendly.Union Railway Minister Ashwini Vaishnaw announced the rollout during an event in Rajasthan after some students highlighted the difficulties they face while booking train tickets through the existing IRCTC portal.The upgraded platform is designed to signifi…
New Delhi, Aug 9 (IANS) Adverse weather conditions on Saturday resulted in more than 300 flights being delayed at the Indira Gandhi International Airport in the national capital which witnessed heavy rains.According to data available on the flight tracking website flightradar24.com, hundreds of flights were delayed due to rainfall accompanied by thunderstorms, lightning, and gusty winds, withEarlier, the India Meteorological Department (IMD) issued a rain alert for Delhi, warning of moderate rai…
New Delhi, Aug 9 (IANS) IT, healthcare, finance, and manufacturing are undergoing rapid AI-led transformation, creating demand for new roles such as AI imaging specialists, prompt engineers, and smart grid analysts, a report of FICCI and KPMG India said in a joint report on Saturday. The world transitions from Industry 4.0 to Industry 5.0, and India can emerge as a strategic exporter of AI talent, with countries like Germany, the UK, and the US facing acute shortages.”However, only 26.1 per cent…
Mumbai, Aug 9 (IANS) ICICI Bank on Saturday raised the minimum average balance (MAB) requirement for its savings accounts, with significant hikes for new and urban customers in metro cities.Customers of metro and urban branches must maintain a minimum average balance of Rs 50,000 under the new structure — up from the earlier limit of Rs 10,000. The change applies only to the new customers who have been acquired since August 1, 2025.Semi-urban customers are required to maintain Rs 25,000, while …
Moscow, Aug 9 (IANS) US President Donald Trump’s imposition of tariffs on India is both “unfair and unworkable”, especially when Europe remains the world’s largest importer of Russian energy in dollars and the biggest contributor to Russian revenues, a report in Britain’s leading newspaper has cited. “It’s not just Trump’s hypocrisy that has the Indians up in arms – it’s the unfairness of being punished for breaking no laws. Russian oil exports are not sanctioned by the EU or the US, but the…
Mumbai, Aug 9 (IANS) Indian bullion prices ended marginally higher this week amid global market cues and higher festive demand. By mid-week, gold prices saw a significant dip, with the price of 24-carat gold dropping by Rs 91, but the price inched up higher toward the weekend.Despite the short-term dip, gold continues to price in the broader impact of trade tariff uncertainty and dollar weakness, keeping the overall trend supported. Gold is expected to trade in a volatile range of Rs 99,000 to R…
New Delhi, Aug 9 (IANS) Mini and nano rural enterprises that include small businesses in sectors such as textiles, construction, services, and retail, can generate nearly 79 lakh jobs annually, a report said on Saturday.”India’s rural youth cohort is both vast and expanding, making it central to the country’s future workforce and economic progress and youth literacy has seen strong gains, reaching 97 per cent nationally among those aged 15 – 24,” said a joint report of Transform Rural India …
New Delhi, Aug 9 (IANS) The Sanchar Saathi mobile app, an initiative of the Department of Telecommunications (DoT) to report fraudulent calls and messages, has crossed 50 lakh downloads within six months of its launch, the Ministry of Communication said on Saturday. Since the app was launched in January this year, the Sanchar Saathi initiative has led to the recovery of over 5.35 lakh lost or stolen mobile handsets, the disconnection of more than 1 crore unauthorised mobile connections based on …
Mumbai, Aug 9 (IANS) The Securities Exchange Board of India has proposed easier norms for resident Indians and mutual funds to invest in foreign funds. The regulator proposed to enable retail schemes based in IFSCs in India with resident Indian non-individuals as sponsors or managers to register as FPIs.The investment limit is capped at 10 per cent of the targeted corpus, in line with IFSC rules, a release from SEBI said.The suggestion is to replace the sponsor and manager with a fund management…
New Delhi, Aug 9 (IANS) Delivering on PM Narendra Modi’s vision of ‘Minimum Government, Maximum Governance’, the Government e-Marketplace (GeM) evolved into a cornerstone of transparency, inclusivity and efficiency, said Union Commerce Minister Piyush Goyal on Saturday, hailing the successful 9 years of the digital governance initiative.”Congratulations to @GeM_India on completing 9 years as one of India’s most impactful digital governance initiatives,” Goyal wrote on his official ‘X’ account.Th…
New Delhi, Aug 9 (IANS) India has more than 22,000 e-Services under the National e-Governance Service Delivery Assessment (NeSDA) framework, the Ministry of Personnel, Public Grievances and Pensions said on Saturday.In a bid to further strengthen the public service delivery framework under the NeSDA, the Department of Administrative Reforms and Public Grievances (DARPG), under the Ministry, met with the Right to Service (RTS) Commissioners.Eight RTS Commissioners representing Chandigarh, Punjab,…
