Search Results for: Banking Regulation Act

Reserve Bank of India (RBI)

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'. Jul 25, 2024
Union Finance Minister Nirmala Sitharaman, Minister of State in Finance Pankaj Chaudhary and other members of finance ministry leave to present the budget in Parliament

How full Budget 2024 compares with Interim Budget: Explained

The Union Budget 2024-25 focuses on empowering youth, women, farmers, and the poor, with significant allocations for employment and skilling. Fiscal consolidation is strengthened, with a reduced fiscal deficit target and lower planned gross market borrowing. Revised tax slabs and a comprehensive review of the Income Tax Act aim to simplify tax compliance and boost sectors. The budget retains a high allocation for the Ministry of Defence, promoting 'Aatmanirbharta' in Defence technology and manufacturing. Jul 24, 2024
Microsoft

Aftermath of Microsoft Outages

Microsoft incident serves as a crucial learning opportunity for organizations worldwide. It emphasizes the importance of preparedness, the need for continuous improvement in cybersecurity measures, and the value of collaboration between public and private sectors. Jul 20, 2024
Microsoft testing way to automatically launch its Copilot AI in Windows 11

Global Microsoft Outages: A Major Cyberattack Disrupts Services Worldwide

The ongoing Microsoft outages due to cyberattacks by Anonymous Sudan serve as a stark reminder of the vulnerabilities inherent in our increasingly digital world. As cyber threats continue to evolve, it is imperative for organizations to prioritize cybersecurity and develop resilient systems capable of withstanding these attacks, writes Major General Dr Dilawar Singh. Jul 19, 2024
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