RBI is advocating for a secure, unique borrower identifier to eliminate data duplication and inaccuracies within credit bureaus, ultimately aiming to improve loan accessibility. This initiative is coupled with the development of a unified lending interface and the exploration of digital rupees for targeted lending programs.
SBI has classified Reliance Communications’ loan account as fraudulent, implicating former director Anil Ambani and planning to report him to the RBI. This action, stemming from a 2020 forensic audit, triggers legal challenges amidst RCom’s insolvency proceedings. Allegations include significant fund diversions to connected parties, prompting accusations of unfair targeting against Ambani.
Ready-to-cook meals are experiencing a surge in popularity, doubling in volume over the past two years as 18 million more households embrace the convenience. While ready-to-eat options decline, consumers increasingly favor semi-cooked alternatives that offer a balance of speed and a home-cooked feel.
Prada’s controversial sandal design, strikingly similar to traditional Kolhapuri chappals, has ignited a surge in sales and interest for the Indian footwear. The uproar, fueled by nationalist sentiment and social media buzz, prompted Prada to acknowledge the inspiration and consider collaboration with local artisans. Indian brands are seizing the opportunity, hoping to elevate Kolhapuri craftsmanship…
Donald Trump’s net worth is complex to calculate, with estimates potentially reaching $10 billion due to cryptocurrency investments. His wealth includes real estate, stocks, and Truth Social shares. Legal battles and substantial debts, exceeding $640 million, further complicate his financial picture, impacting his overall net worth assessment.
Donald Trump announced a new trade deal with Vietnam, finalized after talks with General Secretary To Lam. Vietnam will impose a 20% tariff on its exports to the US, while granting the US “TOTAL ACCESS” to its markets with zero tariffs. Trump highlighted the potential for American SUVs in Vietnam, praising the deal and thanking…
Kuwait has implemented a new electronic exit permit system for expatriate workers in the private sector, effective July 1, 2025. Foreign employees must now obtain employer approval via the Sahel Individuals app and As-hal Companies portal before traveling abroad. The system aims to streamline procedures and enhance transparency, though concerns about worker freedom have been…
US President Donald Trump’s ‘Big, Beautiful Bill’ narrowly passed the Senate, facing concerns over welfare cuts and a $3 trillion debt increase. Trump claims the bill will bring unprecedented growth and investment, fueled by tariffs. The legislation extends tax cuts, reduces Medicaid and food assistance, and boosts border control spending.
