Author: Dibyansu Kumar

According to RBI rules announced on Wednesday, all digital loans must be provided and repaid through regulated firms’ bank accounts, not third-parties like loan service providers. The rules were developed based on suggestions from a working group on digital lending, whose report was made public in November 2021. “The issues principally pertain to unfettered participation of third parties, mis-spelling, data privacy violations, unfair business practices, charging excessive interest rates, and unethical recovery tactics,” the central bank stated in the final recommendations. The central bank divided digital lenders into three categories: those regulated by the RBI ag group, those regulated by the…

Sunil Kant Mishra, the financial officer (FO) of Allahabad University (AU), has been placed on leave by the federal university administration awaiting an investigation into certain of his choices. The action follows on the heels of the university administration removing the finance officer’s drawing and disbursing powers. On August 4, AU registrar prof NK Shukla issued an order in this respect with the permission of AU vice-chancellor prof Sangita Srivastava. “As per the vice-directives, chancellor’s AU’s regular financial officer, Sunil Kant Mishra, has been placed on leave till the completion of an ongoing investigation.” “The authority of drawing and disbursing…

IndoStar Capital Finance, a non-banking financial corporation (NBFC) that announced losses for the quarter ending March 31, has generated bad buzz recently, notably over its incapacity to continue as a going concern. The resignation of its chief financial officer, Kapish Jain, just two months after he joined the firm, has further added to the company’s woes. IndoStar Capital Finance, a non-banking financial corporation (NBFC) that announced losses for the quarter ending March 31, has generated bad buzz recently, notably over its incapacity to continue as a going concern. The resignation of its chief financial officer, Kapish Jain, just two months…

The weakening of the Indian rupee in recent months has brought it back into the spotlight. But is the depreciation of the indigenous currency a sign of bad or positive economic news? In theory, every currency depreciation might have two opposing impacts on the domestic economy. The first is an inflationary effect caused by a rise in the cost of importable commodities. This can create headwinds for domestic growth by reducing buying power. The second consequence can be beneficial to the economy if currency depreciation makes exports cheaper in foreign markets and imports more expensive in local markets. This has…

Battlefield 2042 is a first-person shooter game released in 2021 by Electronic Arts and developed by DICE. It was published on November 19, 2021, for Microsoft Windows, PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X/S. Online Conflict So the buzz for this year’s Call of Duty is starting to grow, and given it’s a Modern Warfare game and not set in space or WW2 or whatever, I expect it to be much more successful than last year. Will it, however? Many people have been critical of the series recently, and I must confess that I haven’t played it…

Igor Benevenuto is a FIFA-rated official.   Igor Benevenuto, a Brazilian referee, is now the first FIFA-ranked referee in football history to declare himself as gay. Benevenuto, 41, revealed that he is gay at a Globoesporte podcast and expressed happiness that he is finally ready to be himself. Benevenuto said he ‘hated’ football growing up During the podcast, Benevenuto revealed that growing up with the battle of disguising his sexuality caused him to ‘detest’ football. He said: “Football is a sport which I grew up hating deeply. During the podcast, Benevenuto revealed that growing up with the battle of disguising his…

Tuchel requires a strong performance and a victory at a venue where neither has occurred since 2017. There are concerns about Chelsea under new ownership; will the Blues be able to keep Champions League football as their rivals strengthen? Will Tuchel make it through the season if things go wrong? How much of an influence will the World Cup have? Even though Thomas Tuchel may be feeling frustrated over transfer deals and an uncomfortable pre-season, his demeanor in the pre-match news conference did not suggest so. He brushed aside extraneous pundit queries and looked to be interested in explaining plans…

The government has withdrawn the Personal Data Protection Bill from Parliament in order to consider a “comprehensive legal framework” to regulate the online space, which includes bringing separate laws on data privacy, the overall Internet ecosystem, cybersecurity, telecom regulations, and harnessing non-personal data to boost innovation in the country. What is the significance of this development? The administration has taken this action after nearly four years of working on the bill. It had gone through several modifications, including a review by a Joint Committee of Parliament (JCP), and encountered significant opposition from a variety of parties, including huge tech giants…

Airtel NSE 0.92 % has signed 5G network agreements with Sweden’s Ericsson, Finland’s Nokia, and South Korea’s Samsung to commence deployment of 5G networks from August 2022. Managing director and chairman Gopal Vittal said Airtel would commence the rollout of 5G services in August. Airtel was the second highest bidder in the auctions, while its close rival Reliance Jio acquired the top bid with 24,740 MHz spectrum worth Rs 88,078 crore. Airtel paid Rs 43,084 crore for 19,867.8 MHz spectrum in the 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequency bands. This represents nearly half of…

Diogo Jota has scored 34 goals in 85 appearances since joining Liverpool from Wolves in the summer of 2020. The Portugal international has had his five-year contract extended and enhanced since coming at Anfield. Diogo Jota, a Liverpool attacker, has signed a long-term contract deal with the club. The new contract for the 25-year-old, who has scored 34 goals in 85 appearances for Liverpool since joining from Wolves in the summer of 2020, is expected to last until 2027. Following the departure of Sadio Mane to Bayern Munich, Jota joins teammate and Liverpool attacker Mohamed Salah in signing a new…