Russia convicts US reporter of espionage after a trial widely seen as politically motivated
Wall Street Journal reporter Evan Gershkovich is sentenced to 16 years in prison after a secretive and rapid trial in the country's highly politicised legal... Key Points
The Tribune IndiaNSE to cut cash, derivative transaction charges by 1%; rival BSE stock slumps
Currently, the transaction charge in the equity delivery or cash segment is 0.00325% and in the derivatives segment, it is 0.0019%. Key Points
Economic TimesHigh charges on NACH, ECS debit bounce: Even 17% return on mutual fund SIP may not be enough to recover pe
Mutual fund SIP has become a popular tool for small retail investors to do small regular savings and get the benefit of higher returns from equity market. This facility empowers these small retail investors in a big way. However, the banking facility of ECS/NACH debit which allows automatic monthly deduction can turn this into a nightmare with very high bounce charges especially for small investors if they miss even one investment payment. Key Points
Economic TimesDecoding Demat Charges: 10 fees and charges associated with your account that you should know as a beginner
A demat (dematerialised) account acts as a digital repository for your securities, making it essential to grasp the associated fees and charges. Here's a comprehensive guide to decoding demat charges for novice investors. Key Points
mintBanks, NBFCs to stop compounding penalty charges from April 1, 2024 as RBI extends deadline
The RBI has released a circular extending the deadline to implement the revised guidelines on how banks, NBFCs are charge penal interest and penalty charges on loan accounts. The deadline has been extended by three months for new loan accounts opened on or after April 1, 2024. Read on to know more about it. Key Points
Economic Times
On the eve of World Cup final, tussle over charging model for charter aircraft at Ahmedabad airport
Though a notice issued on November 7 by Airport Economic Regulatory Authority warned airports against charging business jet operators for optional services, private jet operators said the airport is not approving flights without payment of those. The AERA fixes tariffs for major airports. Key Points
Economic TimesAirlines protest against Adani-owned Ahmedabad airport plan to hike fees for charter aircraft during World
Major airlines are protesting against the Adani group-owned Ahmedabad airport's plan to increase user charges for charter flights during the ICC Cricket World Cup. The airport has raised ground handling charges by more than 10 times, prompting airlines to seek government intervention. The Airport Economic Regulatory Authority (AERA) has issued a notice stating that levying charges not approved by the authority is illegal. AERA has also summoned the top management of the airport to discuss the issue. Airlines argue that such a sudden increase in charges will make charter operations financially unviable. Key Points
Economic TimesNew RBI rules to regulate penal charges on loans to come into effect from next year. Seven things to know
RBI issues guidelines for penal charges in loan accounts to ensure transparency and credit discipline. The new rules will be effective from January 1, 2024. Key Points
mintBanks can’t add penal charges on loans to interest rate, no compound interest on these: RBI
The RBI has issued a circular on August 18, 2023 to penal charges that banks and other lending institutions can charges in case of non-compliance of loan contract with the borrower. The new guidelines will be effective from January 1, 2024. Key Points
Economic TimesFinance Ministry clarifies on confusion over STT hike on selling options
Under the new rules, option traders will have to pay Rs 6,200 for every Rs 1 crore worth of turnover as against Rs 5,000 that is being paid currently. This translates into a hike of around 25%. Key Points
Economic Times
ET Explainer: What RBI's norms on penal charges mean for borrowers
The Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations prohibit commercial banks and finance companies from imposing penal rates on loan defaults or any non-compliance event. The guidelines aim to promote credit discipline and prevent banks from using penal charges as a revenue enhancement tool. Key Points
Economic TimesBankman-Fried campaign finance charge dropped, lessening trial's political focus
The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge against Sam Bankman-Fried may keep his trial focused on what the government considers his main crime: stealing billions of dollars from cryptocurrency customers at his now-bankrupt FTX exchange. Key Points
ReutersWhat are FASTag charges? Check details for issuers - SBI, HDFC Bank, ICICI Bank, Airtel Payments Bank & more
India Business News: Learn about the charges for FASTag activation and details for issuers such as SBI, HDFC Bank, ICICI Bank, Airtel Payments Bank, and more. Find out the joining fee, security deposit, and threshold amount for each issuer. Key Points
Times Of IndiaVerdict on 8 Indian Navy veterans jailed in Qatar expected this month, says MEA
The ministry did not specify the charges. However, ThePrint reported in April that the men have allegedly been accused of spying. Key Points
ThePrintEx-Pfizer employee charged with insider trading on COVID drug trial
A former employee of Pfizer Inc. was arrested on insider trading charges on Thursday for allegedly trading the drugmaker's stock before it announced positive results from clinical trials of its COVID antiviral drug Paxlovid, federal prosecutors said. Key Points
Reuters
New electricity tariffs kick in, leave consumers in shock
As the new tariff revisions, which were approved by the Karnataka Electricity Regulatory Commission (KERC) in May, came into effect and started reflecting in the bills generated this month, many citizens were left in a state of shock or confusion. Many took to social media to air out their confusion about seeing over a 30-50% increase in their Bangalore Electricity Supply Company (Bescom). Key Points
The HinduPak's Imran Khan barred from contesting elections after conviction appeal fails
The decision came a day before the deadline of submitting nomination papers for the elections for provincial and national assemblies scheduled for Feb. 8. | World News Key Points
Hindustan TimesRussia seeks an 8-year prison term for an artist and musician who protested the war in Ukraine
Nearly 750 people have faced criminal charges for their antiwar stances. Russian authorities on Wednesday demanded an eight-year prison term for an artist and musician who was jailed after speaking out against Moscow's war in Ukraine. Key Points
The Tribune IndiaProcessing charges a drag on fast-growing payments startups
Digital payment startups are facing rising payment processing charges despite revenue growth, impacting profitability. High operation costs persist due to fees charged by network operators and system maintenance expenses. Key Points
Economic TimesEx- Pak PM Imran Khan to Brazil’s President Lula Da Silva; Here are rich & influential world leaders who have been charged or jailed before Donald Trump
While Trump may be facing the prospect of criminal charges, he is not the first leader on the global stage to do so. Many other democracies have prosecuted their current or former leaders. Key Points
Financialexpress
LTC rules: 3 new changes that Central Govt employees must know
LTC new rules for Central Govt employees: In an Office Memorandum released earlier this month, the DoPT has mentioned how certain charges related to air travel or rail travel would be reimbursed to those Central Government employees who are eligible for LTC. Know the latest LTC rule changes for the Central Govt employees. Key Points
Economic TimesSchool charging 'Orientation fee' for KG students? Internet reacts with raised eyebrows
The school, which has not been identified, charges parents a whopping Rs. 8,400 for the orientation fee. Key Points
Business TodayFinancing the growth in Bharat: 4 small finance banks with upside scope of up to 38%
It might surprise many of you, ask your driver, your help at home, or the small chai shop owner how much interest he pays when he or she takes an unsecured loan taken in the private loan market. He or she might be paying four to five times more than the interest rate which any regular bank charges on an unsecured loan. That is what led to the birth of microfinance companies, now many of them are small finance banks. They are providing lending at the lowest end of the pyramid. Their interest rates were higher than normal banks would charge, but would surely much lower than what private money lenders in these parts of the country charges. That is where the opportunities are present for these small finance banks. After a phase of tough regulatory challenges, they have emerged stronger. Key Points
Economic TimesTrump-linked SPAC surges as fraud settlement lifts hopes for deal completion
Shares of Digital World Acquisition (DWAC) (DWAC.O) surged 20% in premarket trading on Friday as a settlement with U.S. securities regulator over fraud charges cleared some of the uncertainty over the blank-check firm's merger with former U.S. President Donald Trump's media and tech company. Key Points
ReutersBankman-Fried loses bid to toss criminal charges over FTX's collapse
A U.S. judge on Tuesday denied Sam Bankman-Fried's bid to have criminal charges against him thrown out, paving the way for the founder of now-bankrupt cryptocurrency exchange FTX to face trial starting Oct. 2. Key Points
Reuters
Pillion rider dies as speeding bike skids
A 28-year-old man was killed in a motorcycle accident on Veera Desai Road in Mumbai. He was riding pillion without a helmet when the bike skidded due to sudden braking. The driver has been arrested on charges of causing death by negligence. | Mumbai news Key Points
Hindustan Times10 banks offering cheapest personal loan interest rates
Personal loans usually have higher interest rates than other types of loans since they are given without any form of security. Here are top banks offering best rates on personal loans. Key Points
Economic TimesHow to save money on making charges of gold jewellery
As gold prices are rising currently, buyers should be aware that different methods of levying making charges can lead to a substantial difference in the cost of the jewellery being bought particularly. At times this aspect can help them save money on gold jewellery purchases. Usually, there are two ways of levying making charges on a gold jewellery. Key Points
Economic Times