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Artificial Rains

Artificial Rains: Delhi’s Environment Minister recently chaired a meeting with key government agencies to explore the feasibility of artificial rain through cloud seeding. Artificial rain refers to the process of inducing precipitation through cloud seeding, a weather modification technique. It is primarily used to enhance rainfall, combat drought conditions, and reduce air pollution. The method […]

Dhansiri River

Dhansiri River: Environmentalists recently raised concerns with the Central Pollution Control Board (CPCB) over alleged hazardous effluent discharge from Numaligarh Refinery Limited (NRL) into the Dhansiri River, warning of severe ecological damage. Dhansiri is the main river of Golaghat District of Assam and the Dimapur District of Nagaland. It forms an important tributary to the […]

Sohini Rajola Appointmented as Executive Director at NPCI

Sohini Rajola Appointmented as Executive Director at NPCI: The National Payments Corporation of India (NPCI) has appointed Sohini Rajola as its Executive Director. This decision is part of NPCI’s leadership enhancement strategy to drive the adoption of its payment solutions. Rajola’s vast experience in the payments and digital banking sectors will play a key role […]

RBI’s Transition of Urban Co-operative Banks (UCBs) to the PCA Framework

RBI’s Transition of Urban Co-operative Banks (UCBs) to the PCA Framework: The Reserve Bank of India (RBI) will transition approximately 500 financially weak Urban Co-operative Banks (UCBs) from the Supervisory Action Framework (SAF) to the Prompt Corrective Action (PCA) framework starting April 1, 2025. This move aims to strengthen regulatory oversight and ensure timely remedial […]

RBI Revises Norms on Government-Guaranteed Security Receipts

RBI Revises Norms on Government-Guaranteed Security Receipts: The Reserve Bank of India (RBI) has introduced new guidelines for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs). These regulations aim to differentiate sovereign-backed SRs from ordinary SRs, providing banks with greater flexibility in provisioning while ensuring stricter capital discipline. The move is […]