Mumbai: The Reserve Bank of India on Wednesday released draft guidelines for on-tap licensing of urban co-operative banks (UCBs). The central bank cited the sector’s improved financial health alongside its own expanded regulatory and supervisory powers as key reasons for the move. The decision was announced in the statement on developmental and regulatory policies, released…
The Supreme Court gave its nod to the Delhi government that it can take action against owners who are using vehicles below the BS IV (Bharat Stage 4) emission standard in the NCR region. SC targets polluting vehicle The top court’s order aims to strike a balance between environmental concerns and the protection of vehicle…
Charred remains of the Birch by Romeo Lane nightclub after a fire breaks out, claiming the lives of 25 people, in Arpora. (Picture credit: ANI) PANAJI: The Birch by Romeo Lane had been dancing with danger for long.The inferno was the result of a critical failure in “fire prevention engineering, regulatory compliance, and life safety…
The Maharashtra Transport Department has registered FIRs against the directors of app-based aggregators Uber for allegedly violating state transport norms while operating bike taxi services. A similar FIR has been filed against Rapido as well. The action follows recent fatal accident involving app-based bike taxis. On 29th Nov, a 49-year-old bike taxi passenger died in…