Author: Priya Choudhary

The Reserve Bank of India (RBI) has taken decisive action in response to the severe financial crisis plaguing The National Cooperative Bank (NCB), a prominent financial institution in Bengaluru. In an effort to safeguard the interests of depositors and restore stability within the bank, the RBI has imposed stringent restrictions on NCB’s operations, causing anxiety and concern among customers and stakeholders alike. The regulatory measures come on the back of an extensive assessment of NCB’s financial health, which raised alarming red flags concerning the bank’s solvency and risk management practices. The RBI has ordered NCB to cease granting or renewing…

In a significant step towards conservation efforts, wildlife authorities at Kuno National Park took on the delicate task of temporarily removing radio collars from six cheetahs to conduct a comprehensive health examination. The procedure, conducted by a team of experienced veterinarians and park rangers, aims to ensure the well-being of these magnificent cheetahs and gather vital data for their conservation. Kuno National Park, has been at the forefront of India’s ambitious cheetah reintroduction program. The park has been selected as a potential habitat for the reintroduction of cheetahs, an endeavor aimed at restoring the species’ presence in the country after…

The prestigious National Geoscience Awards ceremony was held at the Rashtrapati Bhavan today, with President Droupadi Murmu bestowing honors upon 22 exceptional individuals for their remarkable contributions to the field of geoscience. The event celebrated the exemplary work and groundbreaking research carried out by these distinguished awardees, recognizing their significant role in advancing geosciences in India. President Murmu, along with several distinguished dignitaries from the scientific community, graced the occasion, commending the awardees for their relentless pursuit of knowledge and dedication to geoscience. The National Geoscience Awards, an initiative of the Ministry of Mines, Government of India, have been a…

The Supreme Court on a rare late night hearing on Saturday granted protection to Teesta Setalvad against the immediate surrender orders of the Gujarat High Court. She was granted interim reliefs by the SC by putting a stay to the High Court order for a week. Activist Teesta’s bail application was rejected before the Gujarat High Court hours before the SC sat for the urgent hearing at 9:30 pm. Teesta, who is currently on bail, is accused of fabricating evidence and tutoring witnesses linked to the Gujarat Riots cases of 2002. After a previous two-judge panel was unable to reach…

The boards of private lender HDFC Bank and mortgage lender Housing Development Finance Corporation (HDFC) agreed on July 1 as the merger’s effective date and July 13 as the record date. In a regulatory filing by HDFC, it was stated that the board had approved “July 1, 2024, to be the ‘effective date’ of the (amalgamation) scheme, on which date the certified order of the NCLT sanctioning the scheme will be filed by HDFC Investments, HDFC Holdings, the Corporation, and HDFC Bank with the Registrar of Companies (RoC)”. In a ruling put out on March 17, the Mumbai branch of…

Rahul Gandhi, leader of the opposition Congress party in India, in order to meet those displaced by ethnic violence recently arrived on a two-day visit to violence-hit regions in Manipur. This visit is a part of the ‘healing touch’ campaign by the Congress Party. Rahul visits relief camps The party has accused Prime Minister Narendra Modi’s administration of being utterly ineffective in resolving the crisis in Manipur, which has resulted in more than 100 fatalities and thousands of displaced residents since clashes between the Kuki ethnic group, which is primarily concentrated in Manipur’s hills, and the Meitei people, who are…

For the very first time, multiple Vande Bharat trains have been inaugurated in a single day. On Tuesday, Prime Minister Narendra Modi travelled to the capital of Madhya Pradesh, Bhopal, and launched five Vande Bharat trains that connect significant cities around the nation. When Modi arrived at Bhopal’s Rani Kamalapati railway station, he waved off five trains—two physically and three virtually. Among those present in the event along with the Prime Minister were Union ministers Narendra Singh Tomar and Jyotiraditya Scindia, Madhya Pradesh Governor Mangubhai Patel, Chief Minister Shivraj Singh Chouhan, and Railway Minister Ashwini Vaishnaw. The five Vande Bharat…

The government on Thursday this week launched a face authentication feature in the PM-Kisan app, a first for any central welfare initiative, allowing recipient farmers to complete their e-KYC procedure by just scanning their faces on their mobile devices rather than relying on one-time passwords or fingerprints. Senior officials from the states, including Minister of State for Agriculture Kailash Choudhary, Agriculture Secretary Manoj Ahuja, Additional Secretary Pramod Kumar Meherda, and Agriculture Minister Narendra Singh Tomar, attended the occasion when the app feature was unveiled. Thousands of farmers, government officials, and members of agricultural groups were virtually linked at the launch event…

Nitish Kumar, the Chief Minister of Bihar, will hold a conference of opposition parties at his official house today. This gathering is intended to set the tone for the much-hyped “Opposition unity” to take on the Bharatiya Janata Party (BJP) in the Lok Sabha elections that will take place next year. Agenda of the Meeting One of the largest meetings of its sort in recent years, the summit in Patna brings together 18 opposition parties, having particular significance given the next general elections are only nine months away. Banerjee, when meeting Nitish Kumar in April in Kolkata, brought up the…

As more member nations raise concerns about possible contamination or inferior medicine, the World Health Organization (WHO) is looking into more cough and fever treatments produced in India by pharmaceutical companies. Margaret Harris, a spokesman for the World Health Organization, was quoted as saying to a news outlet that “to date this situation has impacted more than 20 products with two countries of origin (India & Indonesia) and more than 15 different manufacturers.” Sri Lanka bans drugs causing death of citizens The issue caught attention of the WHO after deaths were recently reported in countries like Sri Lanka, Cameroon and…