Reserve Bank of India Governor Sanjay Malhotra on Monday unveiled the National Strategy for Financial Inclusion (NSFI) 2025-30, aimed at expanding financial access and usage across India over the next five years. The strategy promotes a holistic, ecosystem-based approach to improve the quality, reach, and consistency of last-mile financial services. Objectives focus on women, households,…
Former Pakistani Prime Minister Imran Khan’s son Kasim Khan on Monday accused the jail authorities of doing “something irreversible” to his father amid the ongoing speculations about his whereabouts.Speaking to news agency Reuters , Kasim said that the family has had no direct or verifiable contact with Khan, despite a judicial order for weekly meetings.Not…
Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At…
Sanchar Saathi mobile app In what raises privacy concerns and fears around state surveillance, govt has asked smartphone makers to mandatorily pre-install its Sanchar Saathi app on their devices, ostensibly to strengthen cyber security on the devices and prevent tampering and spoofing of IMEI (International Mobile Equipment Identity) number.The order, originally issued on November 21,…
Indian importers have stepped up advance purchases of South American soybean oil, securing large volumes for delivery from April to July 2026 as they brace for a potential jump in palm oil prices next year.According to a Bloomberg report, Aashish Acharya, vice president at Patanjali Foods Ltd, said buyers have committed to more than 150,000…
Bitcoin BTC$85,204.78 mining profitability declined for the fourth month in a row in November, according to a Monday report by JPMorgan (JPM). Daily block reward gross profit also slumped 26% from the month previous, analysts Reginald Smith and Charles Pearce wrote. The Bitcoin network hashrate dropped 1% to an average of 1,074 exahashes per second…
US markets moved lower on Monday, giving back part of last week’s gains as bitcoin and other once-popular assets continued to weaken. The S&P 500 was down 0.4% in morning trading, putting its five-day winning run at risk. The Dow Jones Industrial Average fell 204 points, also 0.4%, and the Nasdaq composite edged down 0.5%.Earlier…
Financial fraudsters are increasingly shifting their operations toward small business and current accounts, using them to move large amounts of illegal funds, executives at fraud-detection startups said.In the past, scammers generally hijacked retail and Jan Dhan accounts and converted them into mule accounts. However, now they are turning to business accounts for the same purpose….
PM Modi with Sri Lanka President Dissanayake (File photo) NEW DELHI: Prime Minister Narendra Modi spoke with Sri Lankan President Anura Kumara Dissanayake on Monday, expressing condolences over the loss of lives and widespread destruction caused by Cyclone Ditwah.PM Modi conveyed India’s solidarity with Sri Lanka during the crisis and assured continued assistance as part…
As Canada turns to stablecoin regulation, Scotiabank argued that the move is unlikely to shake domestic markets. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed itself to legislation that will regulate stablecoins backed…
