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PTI
August 19, 2018
The Home Ministry in a notification said that the new procedures would come into effect from February 8, 2019. The move came in view of the spurt in incidents of attacks on cash vans, cash vaults, ATM frauds and other internal frauds leading to increased sense of insecurity.


BusinessToday.in
New Delhi, August 17, 2018
Why Indians should be grateful to Atal Bihari VajpayeeAs the nation mourns the loss of former Prime Minister Atal Bihari Vajpayee, it's also time to remember all that he did for India's economy. He started the 'Sarva Shiksha Abhiyaan' with the aim to provide education for all. He made India a nuclear state. Pokhran 2 was conducted during his tenure. He laid the foundation of the Golden Quadrilateral in 1999 for smoother movements of products and people. He's also considered the architect of the telecommunication sector in the country. He established a separate disinvestment ministry. He passed the Chandrayan-1 project.Health insurance to now cover mental illness says IRDAIIn a pathbreaking move, 3 months after  the Mental Healthcare Act, 2017 came into force, the Indian insurance regulator IRDAI has notified insurers to cover medical treatment for mental illnesses. The notice issued on Aug. 16, said that, \"every insurer shall make provision for medical insurance for treatment of mental illness on the same basis as is available for treatment of physical illness.\" The order is applicable on all insurance companies in India with immediate effect. The Mental Healthcare Act, 2017, which came into effect on May 29, is aimed at protecting the rights of persons with mental illnesses during delivery of mental healthcare and services.UPI gets an upgrade with new featuresNational Payments Corporation of India (NPCI) has launched UPI 2.0 in Mumbai as an upgrade to the first iteration of Unified Payments Interface (UPI) that debuted in April 2016. The new UPI version has features such as UPI Mandate and Invoice in the Inbox. There are also new security enhancements including Signed Intent and QR that are designed to let customers verify merchants before making any payments as reported by NDTV. Further, there is an option to attach UPI to an overdraft (OD) account. This comes in addition to the existing saving and current account support. Banks that are using the upgrade include State Bank of India (SBI), HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, Yes Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank, and HSBC.Mercedes-Benz to hike prices by up to 4% next monthGerman luxury carmaker Mercedes-Benz said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement. The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.Airlines advised to keep air fares in check for Kerala flightsThe Central government has asked domestic airlines to keep a check on air fares for flights operating to and from Kerala.The advisory comes as the state suffers from one of the worst bouts of floods in the recent past.According to the Ministry of Civil Aviation, airfare on 18 domestic routes are being monitored. The monsoon fury has hit different parts of Western Ghats including districts of Kerala and adjoining areas in Karnataka.Plunging rupee to increase India's oil import bill by $26 billionIndia's crude oil import bill is likely to surge by about $26 billion in 2018-19 as rupee falling to a record low has made buying of oil from overseas costlier, government officials said yesterday as reported by Mint. The Indian rupee opened at 70.25 and plunged to a fresh record low of 70.40 a dollar. Moreover, the weak rupee will also lead to a hike in the retail selling price of petrol, diesel and cooking gas (LPG).


BusinessToday.In
New Delhi, August 17, 2018
Gross NPAs have exceeded Rs 8.5 lakh crore, up 19% year-on-year, while total provision for NPAs jumped 28% (y-o-y) to Rs 51,500 crore.


BusinessToday.In
August 17, 2018
The stock has been gaining for the last two days and has risen 7.98% during the period. It is down 48.20% during the last one year and 63.22% since the beginning of this year.


PTI
August 16, 2018
RBI Governor Urjit Patel today unveiled UPI version 2.0 which will allow customers to use overdraft limit for making payments for merchants.


Prosenjit Datta
August 16, 2018
Vajpayee is no more, but no one can doubt his contribution on economic, political and diplomatic fronts.


Anand Adhikari
New Delhi, August 16, 2018
BJP was seen as a party which opposed liberalisation or reforms. However, in his tenure as the prime minister, Atal Bihari Vajpayee emerged as more of a reformist.


BusinessToday.In
New Delhi, August 16, 2018
Payout by RBI has shot up 63% year-on-year, but the finance ministry is not happy. The government believes that the payout ought to be higher so it has reportedly asked the apex bank to review its dividend and capital conservation rules.


Mail Today Bureau
August 16, 2018
Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.


BusinessToday.In
August 16, 2018
Atal Bihari Vajpayee passed away today at the age of 93. Leaders cutting across the political spectrum mourned the loss of India's former prime minister.


PTI
August 15, 2018
Reserve Bank of India (RBI) is examining as to whether banks have followed prudential norms in respect of these stressed assets, a senior public sector bank official said.


BusinessToday.In
New Delhi, August 14, 2018
Posting an old video of Modi, Rahul also asks his followers on Twitter to \"listen to the Supreme Leader's (Modi) master class\" on why the currency was falling. The Congress says he managed to do that we couldn't do in 70 years.


BusinessToday.in
New Delhi, August 14, 2018
ATMs across the globe under major threat from a cyber attackATMs around the world are under a major risk of fraudulent cash withdrawals. This type of attack is called \"ATM cashout\" and this particular plan has been detected by US' premier investigating agency, FBI. The attack is aimed at ATMs from different banks. The massive heist is expected to take place with the help of cloned cards. The payment processors of various banks might also be hacked to gain easy access to the cash. Reliance JioGigaFiber registrations to go live from August 15Reliance Jio seems all set for an entry in the broadband, cable TV and direct-to-home markets, courtesy of its new venture, JioGigaFiber. The registration for JioGigaFiber will start on August 15. \"Starting this Independence Day, August 15th you can start registering your interest for JioGigaFiber through both MyJio and Jio.com,\" said Mukesh Ambani at company's 41st Annual General Meeting.Xiaomi, Samsung battle it out for the top spot in Indian smartphone marketThe Indian smartphone market in the April-June quarter saw varied results carried out from several market research agencies. IDC, in its report released on Monday, declared China's Xiaomi as the formidable leader with a commanding share. A separate report by analyst last month had put Xiaomi just ahead of Samsung. However, Counterpoint chose Samsung as the leader for the second quarter. But what is inevitable from these reports is that both Xiaomi and Samsung are dominant leaders in the India's smartphone space.


PTI
August 14, 2018
Jet Airways chairman Naresh Goyal met aviation secretary RN Choubey on Monday and apprised him of the ongoing crisis.


Joe C Mathew
August 14, 2018
The observations came after the committee noted that the rules introduced by Reserve Bank of India (RBI) to help banks to counter the non performing asset (NPA) problem have hit the MSMEs very hard.


BusinessToday.In
August 14, 2018
The top officials of the bank are expected to hold a press conference today to explain the developments. Established in 1906, the Cosmos Bank is one of the oldest cooperative banks in India.


BusinessToday.In
August 14, 2018
Lack of FII inflows and growing oil prices are also affecting the rupee, a PSU bank official said. Foreign investors sold shares worth Rs 971.8 crore on a net basis, provisional exchange data showed.


BusinessToday.In
August 14, 2018
ATMs around the world are under a major risk of fraudulent cash withdrawals under a coordinated attack. This attack is called \"ATM cashout\" and has been detected by US' premier investigating agency, FBI.


BusinessToday.In
August 13, 2018
The government has also given permission to the CBI to prosecute Usha Ananthasubramanian.


BusinessToday.In
August 13, 2018
Sameet Chavan, Chief Analyst - Technical and Derivative at Angel Broking takes viewers through all the market action today. While the Sensex fell 224 points or 0.59% to 37,644 level, Nifty closed 0.65% or 73 points lower at 11,355 level.


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