These rules aim to curb the practice of banks and finance companies imposing additional fees on borrowers for late payments or breaches of loan terms. Under the new directives, banks are prohibited from charging penal interest on late Equated Monthly Installment (EMI) payments and from adding extra charges to the interest rate.
Business Apr 2, 2024, 3:40 PM IST
The IMF and Pakistan strike a crucial $1.1 billion deal, marking a milestone in Pakistan's economic recovery efforts amidst a balance of payment crisis. This agreement underscores ongoing support from the IMF and signals continued collaboration to address economic vulnerabilities and implement vital reforms for sustained growth.
World News Mar 20, 2024, 5:13 PM IST
In a financial twist, Pakistan finds itself grappling with a notable surge in external public debt, witnessing an unprecedented increase of $1.2 billion over the past six months. The implications of this economic development cast a shadow on the nation's fiscal stability, triggering concerns among investors and international markets alike.
World News Mar 7, 2024, 6:18 PM IST
The report reveals that Pakistan's per capita debt has increased by 36% from $823 in 2011 to $1,122 in 2023, while GDP per capita has seen a 6% decline during the same period.
World News Feb 19, 2024, 8:19 PM IST
Google has rebranded its Bard chatbot as Gemini and launched a new app for Android users. The Gemini app allows users to make Gemini AI their default assistant on their Android phones.
Technology Feb 14, 2024, 8:51 PM IST
Apple has released iOS 17.4 beta 2 with significant updates to the App Store and iPhone, in compliance with the Digital Markets Act in the European Union. It includes, introducing alternative app stores and payment methods, allowing users to choose default browser, and enabling NFC for third-party apps.
GADGET Feb 7, 2024, 5:50 PM IST
Bank manager Rajanna filed an FIR against Gokak MLA Ramesh Jarakiholi and others for an unpaid 439 crore 7 lakh loan from Karnataka State Cooperative Apex Bank. Allegations claim breach of trust and deceitful actions, accusing the accused of fraud under IPC 420. The complaint highlights the non-repayment of loans by Saubhagyalakshmi Sugars Ltd.
Karnataka Jan 7, 2024, 2:06 PM IST
Google reportedly paid $26.3 billion in 2021 to secure default search status, a more than threefold increase since 2014, as disclosed during the antitrust trial, with search advertising revenue reaching $146.4 billion.
Technology Oct 28, 2023, 9:32 AM IST
WhatsApp recently introduced the option to send photos in HD quality and now you can do that for videos as well. By default, WhatsApp will use the standard version, and only when you select the HD mode, will the messaging app increase the quality of the video before sending.
GADGET Aug 25, 2023, 2:30 PM IST
Controversy surrounds actor Sunny Deol's Mumbai villa as Bank of Baroda initially auctions it to recover a loan of Rs 56 crore. Deol calls it personal matter. Bank later withdraws auction due to 'technical reasons'. Villa named Sunny Villa on Gandhigram Road, Juhu. Deol's team clarifies amount discrepancy, assures dues settlement. Occurs during 'Gadar 2' success
Entertainment Aug 22, 2023, 10:44 AM IST
Through this year's Union Budget, Finance Minister Nirmala Sitharaman delivered one of the most significant statements. She declared that under the new tax system, the income tax refund maximum will increase from Rs. 5 lakh to Rs. 7 lakh. She continued by saying that the new tax system will now be used by default. The choice to continue with the previous tax system would be available.
Business Feb 1, 2023, 12:25 PM IST
The top 50 wilful defaulters collectively owed Rs 92,570 crore to Indian banks as of March 31, 2022; the government told Parliament. The minister of state for finance, Bhagwat Karad, informed the Lok Sabha in writing that the diamond trader Mehul Choksi's Gitanjali Gems had defaulted on debts totaling Rs 7,848 crore.
Business Dec 21, 2022, 7:46 PM IST
Ambient Mode is an exciting take on making the default YouTube player more immersive by allowing the borders to leak a subtle color gradient based on the content you are watching. The feature takes colors from the YouTube video you're watching and adds them with a soft gradient texture—it appears as if colors from the video are leaking into the surrounding parts of the video player.
Technology Nov 29, 2022, 2:45 PM IST
The investigation by Qatar's Education Ministry revealed that the school staff had failed to follow due protocol. Besides ordering the kindergarten to be shut down, the ministry also sought strict action against defaulting school bus employees. Three bus staff members were arrested.
India News Sep 14, 2022, 9:18 AM IST
WhatsApp is the name that pops up first in our mind when we think about chats and conversations. WhatsApp is available in over 40 languages and up to 60 on Android across the globe. Want WhatsApp's default language to be changed? Here is a complete guide to do so.
Technology Sep 5, 2022, 12:30 PM IST