India Post Partners with SBI Mutual Fund to Streamline KYC: To simplify and expand mutual fund investments across India, particularly in remote regions, the Department of Posts (DoP) and SBI Funds Management Limited (SBIFM) have partnered to offer door-to-door KYC verification services. This collaboration ensures secure, accurate, and convenient onboarding of mutual fund investors, leveraging […]
CSR Spending Witnessed 16% Rise in FY 23-2024
CSR Spending Witnessed 16% Rise in FY 23-2024: CSR (Corporate Social Responsibility) spending by listed Indian companies has surged by 16% in FY 2023-24. This increase follows a period of stagnant expenditure and aligns with a rise in the average net profits of these firms. The CSR law, in effect since 2014, requires eligible companies […]
Supreme Court Suggests Minimum Vote Requirement for Unopposed Election Wins
Supreme Court Suggests Minimum Vote Requirement for Unopposed Election Wins: The Supreme Court has questioned the validity of declaring a sole candidate elected without public voting. It emphasized that even in unopposed scenarios, a basic level of voter approval—say, 10% or 15% of total votes—should be mandated. This discussion stems from a petition by the […]
RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders
RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders: To streamline, digitize, and enhance transparency in the regulatory approval process, the RBI had introduced the PRAVAAH portal in May 2024. Now, to improve compliance and efficiency, the RBI has made it mandatory for all regulated entities to use this online platform for […]
Kirthiga Reddy Launches ‘AI Kiran’ to Empower Indian Women in Artificial Intelligence
Kirthiga Reddy Launches ‘AI Kiran’ to Empower Indian Women in Artificial Intelligence: To address the underrepresentation of women in GenAI roles, Kirthiga Reddy, the first employee and ex-Managing Director of Facebook India (now Meta), has announced a women-centric AI platform called AI Kiran. This initiative seeks to connect, mentor, fund, and certify Indian women in […]
IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse
IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse: Sumant Kathpalia, the Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank, has resigned with immediate effect, taking moral responsibility for severe accounting discrepancies in the bank’s derivatives portfolio. The lapses, which were uncovered during an internal investigation and confirmed […]
Dadasaheb Phalke Birth Anniversary
Dadasaheb Phalke Birth Anniversary: On April 30, 2025, India celebrates the 155th birth anniversary of Dhundiraj Govind Phalke, famously known as Dadasaheb Phalke. Hailed as the Father of Indian Cinema, Phalke’s pioneering journey began in an era when filmmaking was virtually unknown in India. Through his vision, persistence, and courage, he created India’s first full-length […]
Amazon Launched Satellite for Project Kuiper Broadband Internet
Amazon Launched Satellite for Project Kuiper Broadband Internet: Amazon has initiated the deployment of its ambitious $10 billion Project Kuiper, launching its first batch of 27 satellites aimed at providing global broadband connectivity, especially to remote and rural areas. This launch marks the beginning of Amazon’s challenge to SpaceX’s Starlink, which already has over 8,000 […]
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes: The Reserve Bank of India (RBI) has mandated that banks and White Label ATM Operators (WLAOs) ensure that ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis. This directive is set to roll out in phases, with specific deadlines for implementation.The […]
RBI Launches 3 Key Surveys for Monetary Policy Input
RBI Launches 3 Key Surveys for Monetary Policy Input: To fine-tune India’s monetary policy based on real-time household sentiments, the RBI has initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital for assessing inflation trends, consumer confidence, […]
