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RBI proposes tighter rules for bank agents

A man speaks on his phone as he walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, February 7, 2025. (Photo: Reuters)

MUMBAI, April 6 (Reuters) – The RBI (Reserve Bank of India) on Monday proposed tighter rules for bank agents delivering ​last-mile services in rural and underbanked regions, including ‌stricter oversight, revised pay structures and stronger due diligence. The central bank outlined plans to reclassify and regulate business correspondents under ​two distinct models, enhance monitoring, and revise compensation ​structures. Here are some details: This report is given by Press Trust Of India. The Sen Times holds no responsibility for its content.

India’s Reliance buys Venezuelan oil directly from PDVSA, document and data show

April 6 (Reuters) – A unit of India’s refiner Reliance Industries has begun loading a 2-million-barrel ​cargo of Venezuelan heavy crude directly bought from state-run energy ‌company PDVSA, according to a company document and shipping data on Monday. Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of ​President Nicolas Maduro in January, only a small group ​of companies have been able to buy cargoes directly from ⁠PDVSA. Oil proceeds from any sales remain controlled by the ​United States through bank accounts administered by the Treasury Department, and commercial ​terms must follow U.S. guidance, according

Pakistan threat to Kolkata enters Bengal poll campaign, TMC questions BJP’s silence

Abhishek Banerjee on 6 April questioned Prime Minister Narendra Modi over his alleged silence on remarks by Pakistan’s defence minister threatening a strike on Kolkata, accusing the Centre of failing to respond to the statement.

Bethuadahari/Siliguri, Apr 6 (PTI): Pakistan Defence Minister Khawaja Asif’s threat to target Kolkata unexpectedly opened a new front in West Bengal’s bitter election battle on Monday, allowing the TMC to turn the BJP’s campaign themes of nationalism, infiltration and national security back on the saffron party. With barely two weeks left for the first phase of assembly polls, Chief Minister Mamata Banerjee and her nephew Abhishek Banerjee on Monday launched a coordinated attack on Prime Minister Narendra Modi, accusing him and the BJP leadership of maintaining silence over Pakistan’s threat to target Kolkata in the event of any future conflict.

US service sector cools in March; price paid measure highest in 3-1/2 years

WASHINGTON, April 6 (Reuters) – U.S. services sector growth slowed in March, while prices paid by ‌businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation pressures. The Institute for Supply Management said on Monday its nonmanufacturing purchasing managers index slipped to 54.0 last month from 56.1 in ​February. Economists polled by Reuters had forecast the services PMI dipping to 54.9. A reading above 50 ​indicates growth in the services sector, which accounts for more than two-thirds of U.S. ⁠economic activity. The U.S.-Israel conflict with Iran, now in its

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