Citibank, Bank of Baroda and IOB slapped with penalties worth over Rs 10 crore

Mumbai, 24/11: The Reserve Bank on Friday imposed penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms. The highest penalty of Rs 5 crore has been imposed on Citibank NA for non-compliance of norms related to depositor education and awareness fund scheme, and code…

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Centre warns Facebook, YouTube to enforce rules to deter deepfakes

New Delhi, 24/11′ The Centre on Friday warned social media firms including Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by Union Minister Rajeev Chandrasekhar in a closed-door meeting where he said many…

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SC notice to Andhra CM Jagan Reddy on plea for cancelling his bail in disproportionate assets case

New Delhi, 24/11: The Supreme Court on Friday issued notice to Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on a plea for cancelling bail granted to him in the disproportionate assets case. The court also sought his response on a plea questioning permanent exemption granted to him from appearance during the trial. A…

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Afghanistan permanently shuts down its embassy in Delhi, cites ‘broader changes in policy, interests

New Delhi, 24/11: Afghanistan has announced permanent closure of its embassy in New Delhi. Releasing an official statement on closure of diplomatic relations with New Delhi, the Embassy stated “Effective from Nov 23, owing to persistent challenges from Indian government. The decision follows Embassy’s earlier cessation of operations on September.

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EC issues show-cause notice to Rahul Gandhi for panauti, pickpocket remarks against PM Modi

New Delhi, 23/11: The Election Commission on Thursday issued a notice to top Congress leader Rahul Gandhi for comparing Prime Minister Narendra Modi to a ‘jaib katra’ (pick-pocket) and ‘panauti’ (bad omen), asking him to explain within two days how his comments are not in violation of the model Code of conduct. The action came…

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Actor Prakash Raj summoned by ED in ponzi scam-linked money laundering case

New Delhi, 23/11: The Enforcement Directorate (ED) has asked actor Prakash Raj to appear before it for questioning in connection with a ponzi scam-linked money laundering case involving Pranav Jewellers. Prakash Raj is the brand ambassador of the jewellery and he is summoned to establish whether he has any links to the ponzi scheme and…

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