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RBI strengthens norms for consumer loans

The Reserve Bank of India (RBI) has taken a decisive step to tighten norms governing unsecured personal loans for both banks and non-banking financial companies (NBFCs). This move comes as a response to the escalating risk associated with consumer credit exposure, particularly in the realm of personal loans. According to a circular issued by the […]

International News

Myanmar junta says facing ‘heavy assault’ from insurgents in three states

Myanmar’s junta has reported “heavy assaults” by insurgents and told government staff to get ready for emergencies, an official said on Thursday, while media reported a call for those with military experience to prepare to serve. Myanmar’s military has battled ethnic minority and other insurgencies for decades but a 2021 coup has brought unprecedented coordination […]

International News

India affirms commitment to freedom of navigation in international waters, says Rajnath Singh at ASEAN defence ministers’ meet

Defence Minister Rajnath Singh reiterated India’s unwavering commitment to the freedom of navigation, overflight, and unimpeded lawful commerce in international waters, aligning with established international laws. Speaking at the 10th ASEAN Defence Ministers’ Meeting – Plus (ADMM-Plus) in Jakarta on Thursday, Singh emphasized the importance of respecting international regulations. During his address, the defence minister […]

International News

UN Security Council calls for pauses in Gaza fighting for aid

The United Nations Security Council on Wednesday (November 15) called for urgent and extended humanitarian pauses in fighting between Israel and Palestinian Hamas militants in the Gaza Strip for a “sufficient number of days” to allow aid access. The United States, Russia, and Britain, who are council veto powers, abstained from Wednesday’s vote on the […]

International News

Biden, Xi’s ‘blunt’ talks yield deals on military, fentanyl

U.S. President Joe Biden and Chinese leader Xi Jinping agreed on Wednesday to open a presidential hotline, resume military-to-military communications and work to curb fentanyl production, showing tangible progress in their first face-to-face talks in a year. Biden and Xi met for about four hours on the outskirts of San Francisco to discuss issues that […]