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NFS ACT
Clintons agree to testify in House Epstein investigation after contempt threatBill and Hillary Clinton will testify before a House committee investigating Jeffrey Epstein. This follows threats of contempt charges from...- Rahul Gandhi 'not found suitable' rooted in Congress rule: Dharmendra PradhanBharatiya Janata Party criticized Rahul Gandhi's claims. Gandhi alleged discrimination against SC, ST, and OBC candidates in universities. ...
- Govt working on centralised data repository for state welfare schemesIndia is developing a central database for state-run welfare schemes and beneficiary data. This initiative aims to enhance data quality and...
- Calcutta HC terms West Bengal's doorstep ration scheme legally voidThe division bench of Justices Chitta Ranjan Dash and Aniruddha Roy, in a order passed today, said that the 'Duare Ration Scheme' is "ultra...
- Duare Ration Scheme of West Bengal govt ultra vires to NFSA, legally void : Calcutta HC"The State Government has transgressed the limit of delegation by obliging the Fair Price Shop dealers to distribute the rations to the ben...
- Visa and Mastercard are firming up plans to increase competition against NPCIThe companies – among the most valued financial entities on the planet – are pursuing partnership opportunities with prospective applicants...
- RBI opens application window for private cos to set up NPCI-like umbrella entityThe proposed entity, unlike NPCI, can be a for-profit entity as well with diversified shareholding with no single promoter allowed to hold ...
- RBI’s call to form payments entity catches India Inc fancyReliance, Paytm & BSE are among those interested in securing licences to run an entity with powers like NPCI.
- National Food Security Act not implemented as it should be: Supreme CourtSC observed that almost four years have gone by since the Act was enacted, but the authorities mandated to be set up under it have not been...
- 100 banks join National Financial Switch network as direct membersNFS is the largest interoperable ATM network in the country and it manages more than 95 per cent of the domestic interbank ATM transactions.
- SC directs 12 drought-hit states to immediately rush free foodThe states were also directed by Supreme Court not to discontinue their mid-day meals in schools during the summer vacations.
- Gujarat's 3.5 crore poor to get wheat and rice at Rs 2/kgBhupendrasinh Chudasama, state minister of food, civil supplies and consumer affairs, said that over 90% of the NFS survey had been complet...
- Govt to implement National Food Safety Act in Jammu and KashmirThe new Consumer Affairs and Public Distribution Department office at Baramulla has been constructed at a cost of Rs 80 lakh.
- High Court seeks reply from Maharashtra government on starvation deathHigh Court today directed Maharashtra government to file an affidavit on alleged non-implementation of National Food Security Act, 2013.
- Core projects bottlenecks threaten economic recovery: RBIFiscal deficit target of 4.8% may not be met if energy prices are not raised; food-for-all scheme also set to overshoot Rs 9,00,000 core ta...
- Sharp increase in interest rates likely by RBI; expect 25 bps hike in repo rateThe repo rate, at which the central bank lends to banks, may be raised by 25 basis points to 7.75% on Tuesday.
- India faces several growth challenges like policy bottlenecks, under recoveries for OMCs: RBIWorld Bank has recently cut its growth forecast for India to 4.7% from 6.1% while the country’s recorded a measly 4.4% GDP growth in the fi...
- Food Security Act: Economists letter to Sonia GandhiMore than two decades of research is remarkably consistent in showing large illegal diversions of subsidised grains to the open market.
- ET in the Classroom: Reserve Bank ‘oversight’ functioningThe Bank for International Settlements defines oversight as “central bank function , whereby the objectives of safety and efficiency are pr...
- Inter-bank ATM transaction charge set to fallBanks will find it cheaper to allow their customers to withdraw cash from automated teller machines (ATMs) of other banks, with the Reserve...
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