-The Times of India At his dhaba in south Delhi's Kidwai Nagar, Irfan has his cooks wash their hands before preparing dishes. Sweets are kept covered , he claims. As with most small eateries, Irfan's dhaba is not registered. Soon, outlets such as Irfan's may have to start complying with more stringent standards, with the Food Safety and Standards Authority of India (FSSAI) working on new norms on hygiene and cleanliness...
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Government plans to liberalise FDI norms for single-brand retail to attract big bucks -Deepshikha Sikarwar
-The Economic Times The government plans to significantly liberalise foreign direct investment (FDI) norms for single-brand retail to attract big bucks into the sector. The finance ministry has asked the Department of Industrial Policy and Promotion (DIPP) to amend the policy to allow single-brand retailers to bring different brands belonging to the same product line under one company. It has also asked DIPP - the government department that frames foreign investment rules...
More »18 retained as age of consent in anti-rape bill
-The Times of India Faced with all-around political opposition, the cabinet on Monday retained 18 as age of consent for consensual sex, graded punishment for stalking and voyeurism and deleted "persistent watching" as an offence while clearing a new law to protect women. The changes were agreed to after a meeting on Monday where political leaders raised concerns ranging from genuine apprehensions to frivolous over the possibility of "misuse" of tough laws...
More »Private banks reluctant about rural lending -Dinesh Unnikrishnan
-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
More »In 4 yrs, only 700 suspected money laundering cases/yr-Subhomoy Bhattacharjee & Anil Sasi
-The Indian Express Contrary to the perception that money laundering is widespread across the country's banking sector, the Financial Intelligence Unit (FIU) has found an average of only about 700 cases annually over the last four years on which investigations could be initiated. The FIU is the national agency responsible for tracking information related to suspect financial transactions. Finance ministry data shows that during the last four years, banks and other entities have...
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