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The Reserve Bank of India (RBI) on Friday proposed revised guidelines for the Lead Bank Scheme (LBS) to streamline operational processes and enhance the effectiveness of the programme introduced in 1969 to coordinate development activities at the district level, PTI reported.The Lead Bank Scheme is aimed at coordinating the activities of banks, governments and other…
India on its part has said that the country’s energy security will drive purchase decisions. (AI image) Days after India and the US announced a trade deal, the government has reportedly urged refiners to consider picking up more crude oil from the US and even Venezuela. US President Donald Trump has removed the 25% tariffs…
We all know that this place is known worldwide as the last natural habitat of the Asiatic lion. Gir National Park is, however, much more than a predator stronghold. Beneath its dry deciduous forests, lies a carefully balanced natural system sustained by rivers, and reservoirs. These rivers are the true lifelines of Gir, shaping its…
In daily life, most people focus on how much tax they pay, but rarely on when and how it is collected. An increasingly visible part of India’s tax ecosystem is tax collected at source (TCS), which requires a portion of tax to be collected upfront on certain transactions. For many taxpayers, the timing of this…
For centuries, rivers have played a role in shaping civilisations. They carved mountains, fed plains, divided regions, and shaped the way where cities would rise and trade would flourish. This is also one such river there long before bridges spanned its width, travellers travelled via ferries, or trains that halted at its banks. This river…
Snoop Dogg has been a lifelong fan of the Los Angeles Lakers. He has appeared in several of the team’s games and has shown his support towards them. It was also quite evident in his recent interview with the Lakers’ star Luka Doncic. Another such instance where the rapper made it clear about his favorite…
India’s imports of Russian oil are expected to cross 1 million barrels per day this December. (AI image) Donald Trump’s sanctions on Russian oil majors don’t seem to have deterred Indian refiners from procuring crude – though non-sanctioned – from Russia. India’s crude oil imports from Russia are showing resilience in December, days after Trump’s…
CEO and billionaire Elon Musk denied news reports that his rocket and satellite maker SpaceX is seeking a $800 billion valuation through a share sale.“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate,” Musk said in a post Saturday on his social media platform X. “SpaceX…
The Pension Fund Regulatory and Development Authority (PFRDA) will create a dedicated NPS fund-of-funds platform to route pension money into selected alternative investment funds (AIFs), chairman S Ramann said on Tuesday, outlining a broader push to position pension assets as a stable source of long-term capital for India’s private markets. Speaking at IVCA DII &…
Rivers are supposed to follow gravity, flowing from higher ground to lower ground in one clear direction. Yet around the world, there are rare moments when rivers behave unexpectedly and start flowing backwards. This reversal can last a few minutes, a few months, or become a permanent change, depending on the forces involved. Understanding backward-flowing…
