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Banks in a bind over Trai mandate on digital consent
Banks are grappling with new regulations from the Telecom Regulatory Authority of India (Trai) requiring digital consent for commercial communication. This has prompted lenders to seek government clarity on whether consent is needed for sharing transaction details, as per Reserve Bank of India guidelines. The move aims to combat cyber fraud, with banks also requesting special prefixes for customer calls following last month's finance ministry directive.
IPs spend significant time on issues related to statutory authorities during IBC process: Survey
Insolvency professionals face challenges with statutory authorities and enforcement agencies during the resolution process, as per a survey by IIIPI. Issues include initiation of proceedings against Corporate Debtors during moratorium, and notices for matters pre-CIRP. IPs spend up to 25 per cent of the IBC process timeline on these matters. IIIPI Chairman Ashok Haldia noted difficulties in responding to authorities when records are missing or only past management is accountable.
Yen slides to fresh lows as Japan authorities stick to sidelines
The Australian dollar rose on retail sales data, suggesting a Reserve Bank rate hike, while China's yuan hit an eight-month low due to local authorities' currency tolerance.
BJP leaders take out protest march to Karnataka CM's residence, taken into preventive custody
On Wednesday, opposition BJP leaders attempted to besiege the Karnataka chief minister's office-cum-residence, alleging rampant corruption by the ruling Congress government. They were prevented and taken into custody. Among the leaders were BJP state president B Y Vijayendra, Leader of Opposition R Ashoka, and former ministers. The BJP claims a Rs 4,000 crore scam in the Mysuru Urban Development Authority (MUDA), implicating Chief Minister Siddaramaiah's wife, and a cover-up in a Rs 180 crore Valmiki Corporation scam, which allegedly led to an official's suicide. Ashoka demanded a CBI investigation into the MUDA scam.
Brazil authority suspends Meta's AI privacy policy, seeks adjustment
Brazil's National Data Protection Authority suspends Meta's privacy policy, affecting personal data processing for AI training. ANPD's decision, published in the official gazette, aims to protect fundamental rights with fines for non-compliance. Meta expresses disappointment but pledges transparency and compliance with privacy laws, highlighting the use of public content for AI training.
Russia's Novorossiysk authorities limit beach access after sea drones attacks
The mayor of Novorossiysk, Andrei Kravchenko, announced that beach access in the Russian Black Sea port city would be restricted until 09:00 (0600 GMT) on July 3 due to ongoing operational activities following a reported sea drone attack. Kravchenko urged residents and visitors to avoid beach areas, embankments, and recreational zones along the water's edge during this period. The city has been on alert amid tensions, with accusations from Russia of attacks by Ukraine on its Black Sea ports and the annexed Crimean Peninsula, although details and damage assessments are often not fully disclosed by Russian officials.
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Flood situation prevails in Assam's Kaziranga National Park as water rises considerably
Following days of heavy rainfall, a flood situation has emerged in Assam's Kaziranga National Park, inundating 167 camps. Park official DFO Arun Vignesh confirmed the rise in water levels and the evacuation of eight camps. The floods in Assam have claimed 38 lives, affecting over 11.34 lakh people in 28 districts. Majorly impacted areas include Lakhimpur, Darrang, and Golaghat. The Assam State Disaster Management Authority reports that 42,476.18 hectares of crops and 2,208 villages have been submerged in the second wave of floods. Local efforts are underway to manage the crisis.
Golgappa & Shawarma Unhealthy: Karnataka Food Authority finds cancerous chemicals in Pani Puri and bacteria in Shawarma
Pani Puri (Google Trends): Pani Puri and Shawarma in Karnataka have been found unsafe by the Karnataka FSSA. Among 260 Pani Puri samples, 22% contained harmful chemicals like brilliant blue, sunset yellow, and tartrazine. Additionally, 8 out of 17 Shawarma samples were unhygienic, containing bacteria and yeast. The FSSA has taken action against the implicated establishments to ensure public health safety.
Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority
Purplle has also announced a Employee Stock Ownership Plan (Esop) liquidity programme and will offer liquidity of Rs 50 crore to its employees. Company cofounder and CEO said they will constantly innovate their technology to provide the best for their customer. Purplle is one of the fastest-growing retailers in the beauty and personal care (BPC) segment, having grown its GMV by four times over the last three years.
22% of paani puris fail miserably at quality tests, may affect digestive, immunity, says Bengaluru food safety authority
While enthusiasts of this tantalizing street snack among desis are abundant, certain reports have questioned its safety and potential long-term health effects.
5 must-read books by booker prize-winning author Arundhati Roy
Arundhati Roy's debut novel won the Booker Prize in 1997, is a richly textured story set in Kerala, India. It explores the lives of fraternal twins Estha and Rahel, unraveling family secrets and societal issues with poetic prose and profound insight.
Yamuna authority signs concession agreement for Film City project near Jewar airport in Noida
The Film City project in Noida, developed through strategic partnerships and industry collaborations, aims to create a vibrant hub for entertainment and business. With designated zones for various activities, including an amusement park and commercial use, the project signifies a significant step towards enhancing the region's media infrastructure and economic growth.
Dehradun: Senior Airport Authority official found hanging with dupatta, wearing maxi, bindi, lipstick, and bangles
A senior Airports Authority of India (AAI) official was found dead in his Dehradun airport accommodation under mysterious circumstances, dressed in women's attire. His body was discovered hanging from a ceiling fan. Authorities are investigating the incident, with details emerging about his activities before his death, including plans with relatives the night before. The exact cause of death remains under investigation pending a postmortem report.
'Will take a bullock cart but not your airline': Pune Author slams Air India
Pune-based author Aditya Kondawar criticizes Air India Express for poor service after a delayed and uncomfortable flight. He vowed never to fly with the airline again, citing dirty seats and a foul odor. Air India Express apologized and promised improvements.
Customs authority slaps over Rs 14 crore demand and penalty on Escorts Kubota
The Commissioner of Customs (Adjudication), Delhi Zone has passed an order confirming the demand of Rs 4,42,10,867 along with applicable interest and has also imposed a penalty of Rs 9,87,10,867 on valuation issue on imported goods, Escorts Kubota said in a regulatory filing.
Banks in a GST fix over RBI's directive to levy penal charges
The Reserve Bank of India's directive to levy penalties only in the form of 'penal charges' is posing a tax dilemma for banks. Banks fear that the indirect tax on such levies would attract the goods and services tax (GST). The new rule, which came into force from April 1, 2024, was brought in by the central bank to ensure "reasonableness and transparency" in disclosure of penal interest. However, banks have asked the tax authorities to spell out their stand on the issue.
Comprehensive guide to the L-2 visa for dependents of L-1 visa holders
The L-2 visa allows spouses and unmarried children under 21 of L-1 visa holders to accompany them to the US, providing work and study benefits. It requires specific documents for application and can be extended with the L-1 visa. Dependents can work with an EAD and pursue education in the US.
Some sections of Telecom Act to come into force from June 26
“In exercise of the powers conferred by sub-section (3) of section 1 of the Telecommunications Act, 2023 (44 of 2023), the Central Government hereby appoints the 26th Day of June 2024, as the date on which the provisions of sections 1, 2, 10 to 30, 42 to 44, 46, 47, 50 to 58, 61 and 62 of the said Act shall come into force,” a gazette notification issued late Friday said. Officials told ET that the new Telecommunications Act and these sections have come into force.
Amid water crisis, authorities reveal shocking news: Delhi has extracted 99% groundwater
Delhi faces a severe water crisis as the CGWB reports a significant decline in groundwater recharge and availability for extraction. In 2023, only 0.34 bcm of 0.38 bcm recharged groundwater was accessible, with 99.1% already extracted. Despite efforts, groundwater extraction rose from 98.16% in 2022 to 99.13% in 2023. While some areas saw improvement, critical zones expanded to cover 35% of Delhi. CGWB calls for urgent measures, including mandatory rainwater harvesting and enhanced water conservation efforts.
Man finds China's military secrets in Rs 100 used books, alerts authorities
A Chinese military enthusiast found confidential military documents in discarded books bought for less than $1. China's Ministry of State Security commended Mr. Zhang for reporting his discovery, highlighting the potential dangers if the documents had fallen into malicious hands.
Alia Bhatt turns author with children's picture book
The actress, who shares 19-month-old daughter Raha with "Brahmastra" co-star-husband Ranbir Kapoor, shared the update on her Instagram page.
Kuwaiti authorities launch crackdown on illegal property extensions after Mangaf fire
Most deaths were due to smoke inhalation while residents in the building were sleeping when the fire broke out early Wednesday in Kuwait's southern city of Mangaf in Ahmadi Governorate. The building was home to 196 migrant workers, mostly Indians. The Kuwait Municipality has launched a rigorous crackdown on illegal property extensions, the Arab Times newspaper reported.
Maharashtra housing authority finds 60 out of 62 hoardings in Mumbai lack approval
Following a tragic incident on May 13, where seventeen people died and 74 were injured due to a hoarding collapse amid strong winds and heavy rains in Mumbai's Ghatkopar, MHADA and the Brihanmumbai Municipal Corporation (BMC) have taken action.
'Dead' author predicts humanity's future, understands the value of life
Author Julie Poole who spent three days as 'dead' sees humanity's future. She attempted suicide at the age of 21 and later realized the value of life.
Kuwait fire tragedy: Emir orders probe; authorities launch crackdown
The Kuwait government has ordered a crackdown against the guilty, particularly the real estate owner. On Wednesday, Kuwaiti deputy premier, defence and interior minister Sheikh Fahad Al-Yousef Al-Sabah, rushed to the accident site and visited the hospitals where the injured workers were taken for treatment. He has ordered the arrest of the Kuwaiti landlord of the building where fire broke out.
Food safety violations at Blinkit warehouse: Telangana authority to issue notice
Several products in the Blinkit warehouse were found to have expired and were seized, Telangana's Commissioner of Food Safety said on Thursday. The raid found that cosmetic products were stored with food items and that the licence of Congruence Trade and Services Pvt Ltd – one of the manufacturers of Whole Farm brand – was not as per the Food Safety and Standards Act.
'Harry Potter' author JK Rowling says she regrets not being vocal about her views on transgender people sooner
Rowling, 58, has been embroiled in controversy and incurred the wrath of activists and "Harry Potter" film stars in recent years over her stance that biological sex is immutable. She denies being transphobic.
Nobel laureate & short story master Alice Munro passes away at 92
Munro had been in frail health for years and often spoke of retirement, a decision that proved final after the author's 2012 collection, 'Dear Life.'
Ruskin Bond advocates for audiobooks to cultivate reading habits in children
Renowned author Ruskin Bond, celebrating his 90th birthday, highlights the importance of audiobooks in nurturing children's reading interests. Bond, in collaboration with Audible, presents "All Time Favourites for Children," a collection of 25 curated stories narrated by Anuj Datta. He believes audiobooks act as stimuli, fostering a love for reading by making stories accessible and engaging.
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