MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI), vide order dated October 06, 2025, has cancelled the licence of "Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra." The banking licence of the bank was earlier cancelled vide order dated June 30, 2016 and was restored on October 23, 2019 on an appeal made by the bank. The Appellate Authority, which allowed the appeal, directed that a forensic audit of the bank be conducted ...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The FX-Retail platform of the Clearcorp Dealing Systems (India) Ltd. (Clearcorp) has been linked with Bharat Bill Payment System (Bharat Connect). The linkage will enable individual customers maintaining bank accounts with participating banks to register and transact on the FX-Retail platform via enabled digital channels of participating banks and through Third Party Application Providers (TPAPs). For existing cu...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Ramgarhia Co-operative Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022 for a period of 06 months up to close of business on January 08, 2023, which was last extended vide Directive No. DOR.MON.D-18/12.28.115/2025-26 dated July 04, 2025...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the Reserve Bank of India (RBI) has today issued the following draft Directions: A. Draft Reserve Bank of India (Scheduled Commercial Banks - Capital Charge for Credit Risk - Standardised Approach) Directions, 2025 The proposed Directions seek to implement one of the key elements of the global...
India, Oct. 6 -- Mumbai is set to immerse itself in the rich traditions of Urdu literature, art, and music as the Maharashtra Urdu Sahitya Academy marks its golden jubilee with a grand celebration titled Bahar-e-Urdu. The three-day cultural extravaganza, organised by the Minority Department of Maharashtra, will be held at the iconic DOME SVP Stadium, Worli, on 6th, 7th and 8th October 2025.A Festival of Words, Melody and HeritageThe event promises to be a confluence of Urdu's timeless charm - fr...
India, Oct. 5 -- The Government of India has issued a release: Union Minister of Electronics and Information Technology, Shri Ashwini Vaishnaw, has recently approved the setting up of the 'NaMo Semiconductor Laboratory' at IIT Bhubaneswar. The project will be funded under the MPLAD Scheme. The estimated cost of the project is Rs. 4.95 crore. The NaMo Semiconductor Lab will contribute to Bharat's deep talent pool by equipping the youth with industry-ready skills. The lab will position IIT Bhuba...
India, Oct. 5 -- The Government of India has issued a release: Indian Navy's indigenous stealth frigate INS Sahyadri made a port call at Kemaman port in Malaysia, on 02 Oct 2025, as part of the Eastern Fleet Operational Deployment to the South China Sea and Indo-Pacific. The ship was accorded a warm welcome by the Royal Malaysian Navy, celebrating enduring cultural ties and shared maritime traditions between the two nations. Indigenously designed, constructed and commissioned in 2012, INS Sahy...
India, Oct. 5 -- The Government of India has issued a release: Rajasthan's first 'Namo Biodiversity Park' was inaugurated today at Pratap Bandh, Alwar, with a symbolic tree plantation ceremony. The event was presided over by Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, in the presence of Shri Sanjay Sharma, Cabinet Minister, Government of Rajasthan. In a social media post on 'X', Shri Yadav stated that the newly developed park, named 'NAMO VAN', is envisione...
India, Oct. 5 -- The Government of India has issued a release: Union Minister for Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya led the 43rd edition of Fit India Sundays on Cycle, commemorating the World Teachers' Day at the Major Dhyan Chand National Stadium in the national capital this morning. The event simultaneously took place in over 10,500 locations nationwide. Over 1,000 participants, including educators from across Delhi, joined in alongside athletes, fitness i...
India, Oct. 5 -- The Government of India has issued a release: Introduction & Background The Gram Panchayat, as the basic unit of the three-tier Panchayati Raj system, holds a central role in rural governance and development. This system was institutionalized through the 73rd Constitutional Amendment Act, 1992, with the objective of strengthening participatory democracy in rural areas. Gram (village) Panchayats not only provide essential services and development at the local level but also pla...