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RBI Slaps Rs.27 Crore Penalty on 19 Public & Private Sector Banks

In a statement issued on 27th Jul’16, the RBI said it has imposed monetary penalty of Rs.27 crore on 13 banks for "violation of regulatory directions/instructions/guidelines, among other things, on Know Your Customer (KYC) norms".The banks falling under this penalty are Bank of Baroda (Rs 5 crore), Punjab National Bank (Rs 3 crore), Syndicate ...
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Sharmila, The Iron Lady To Break Her 16 Year Fast

The iron lady of Manipur, Irom Chanu Sharmila, who started fasting in 2000 against the special forces of AFSPA, decides to break her fast. She announced on Tuesday, she will end her fast on 9th August and will contest assembly elections in Manipur next year.The lady was being fed forcibly through a nasal tube all these years, and faced trial for at ...
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Varizon Acquires Yahoo for $4.8 Billion

Yahoo, the front door to the web for an early generation of internet users, will no longer be an independent company as Varizon, seeking to boost its inadequate digital content for consumers, announced on Monday that it was acquiring Yahoo's core internet business for $4.83 billion in cash.“The acquisition of Yahoo will put Verizon in a highl ...
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DU Law Faculty to Postpone Admissions

The Delhi University Law Faculty issued a notice on July 21 which said due to “unavoidable circumstances” the session was being postponed. The real reason is that the faculty does not have affiliation with the Bar Council of India (BCI) which controls legal education in the country. The university had put forward a proposal on shifting ...
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Russia Will Not Be A Part of Rio Olympics 2016

Sport’s highest tribunal, Swiss-based Court of Arbitration for Sports (CAS) rejected Russia’s appeal against a doping ban for its entire athletics team from the Rio Olympics, which are starting on August 5. The decision made by CAS increases the possibility of that the International Olympic Committee (IOC) will now exclude Russia not on ...
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Pressure Horns, Vehicles Without Silencers to Pay Fine of Up to Rs. 7000

The National Green Tribunal (NGT) has decided to fine vehicles not having silencers or those using pressure horns for causing noise pollution. They will have to pay environment compensation charge of Rs. 5000. A Delhi transport department lawyer said that there will be an additional fine of Rs. 2000 for those who make any alterations in the vehicle ...
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Hospital in Ahmedabad Celebrates the Birth of a Girl Child

Looking at the alarming ratio of 890 girls per 1,000 boys, Sindhu Hospital in Ahmedabad launched an initiative last month, to not charge any delivery fee for the birth of a girl child.In addition to not asking for the delivery charges, the hospital will refund the registration amount of Rs.1,100 if a girl is born. It will also throw a small party f ...
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Diesel Vehicles Older Than 10 Years to be De-Registered

The National Green Tribunal has directed Regional Transport Office in Delhi and NCR to de-register all diesel vehicles which are older than 10 years. The order will hit an estimate of 2.8 Lakh diesel vehicles owners in Delhi and NCR.The current order is the reiteration of the last year’s order which was to ban all diesel vehicles more than 10 ...
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Train in India Sets New Record at 180 kmph

A lightweight Spanish-made Talgo train broke the record by running at the speed of 180kmph between Mathura and Palwal, on Wednesday. The train covered a distance of 86km in 39 minutes. The trial was supervised by engineers from Talgo and Research Design & Standards Organisation, Lucknow. The record was previously held by Gatima- an Express, at ...
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