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India proposes easing path for funds, insurers to raise bank stakes up to 10%

July 14 (Reuters) – India’s RBI on Tuesday proposed easing rules for mutual funds, insurance companies ​and pension funds to raise their stakes ‌in banks to up to 10%. The Reserve Bank of India has proposed that ​these investors will receive a one-time approval ​for subsequent acquisitions of major shareholding in ⁠a bank where they already hold a ​stake Under current rules, the investors must seek ​fresh approval each time their shareholding falls below 5% before they can raise it above that threshold The proposed ​change would eliminate the need for repeated ​approvals, making it easier for the investors whose

Uttarakhand draft electoral roll published after SIR; voters down to 71.33 lakh

Dehradun, Jul 14 (PTI) Additional Chief Electoral Officer Vijay Kumar Jogdande on Tuesday said that more than 71.33 lakh voters were included in the draft voter list, while 8.26 lakh may face deletion following the completion of the Special Intensive Revision (SIR) in Uttarakhand. Jogdande told PTI that out of 71,33,785 voters in the draft list, 52 per cent are male, 47 per cent female, and 217 belong to the third gender. The SIR exercise was conducted in the state on July 1. Under this, the distribution and digitisation of enumeration forms were completed between June 7 and July 8.

India says committed to combating organised crime after US indictment in Canada murder case

NEW DELHI, July 14 (Reuters) – India said on Tuesday that it is committed to working with its partners to combat transnational organised ​crime, a week after the U.S. charged the imprisoned head ‌of an Indian criminal gang with directing the 2023 murder of a Sikh separatist leader in Canada. Hardeep Singh Nijjar was shot dead outside a ​Sikh temple in Canada’s Surrey, and then-Prime Minister Justin ​Trudeau had alleged Indian involvement in his killing, badly ⁠damaging ties between the countries. India had termed the accusations “absurd”. The U.S. last ​week charged Indian criminal gang leader Lawrence Bishnoi and his

Gold falls Rs 700, silver slumps Rs 8,900 in Delhi

New Delhi, Jul 14 (PTI) Gold prices fell by Rs 700 to Rs 1.46 lakh per 10 grams in the national capital on Tuesday, and silver slumped by Rs 8,900, as subdued demand weighed on the domestic bullion market. The yellow metal of 99.9 per cent purity dropped by Rs 700 to Rs 1,46,300 per 10 grams (inclusive of all taxes) from Monday’s closing level of Rs 1,47,000 per 10 grams. Silver also witnessed a sharper correction, tumbling Rs 8,900 to Rs 2,26,100 per kilogram (inclusive of all taxes), according to the All India Sarafa Association. The white metal had

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