Executing Rs 54,000 cr works with Rs 71,000 cr projects in pipeline: South Coast Railway

The South Coast Railway Zone is rapidly establishing itself as a leader in India’s railway network. With over fifty-four thousand crore rupees dedicated to major projects, and an impressive pipeline worth nearly seventy-one thousand crore rupees, the zone is making significant strides. Recent commissioning of vital infrastructure and safety upgrades has led to notable enhancements…

19x leverage on FCNR(B) deposits and high returns may not work for NRIs based in Singapore in this case

FCNR (B) FD: For NRIs, the potential gains from FCNR(B) deposits may be undermined by Singapore’s tax policies. Interest earnings from Indian banks are recognized as originating from Singapore, triggering local taxes that can diminish effective yields on these deposits. Conversely, payments made to Indian banks’ Singapore branches do not incur this tax. It’s crucial…

Agni-IV: Why the 4,000km nuclear-capable missile is essential for India

India successfully tested its Agni-IV ballistic missile, showcasing strategic readiness. This road-mobile weapon enhances the country’s response capabilities against any threat. The Agni-IV missile incorporates advanced technologies for improved accuracy and survivability. Its 4,000-kilometer range with a nuclear or conventional warhead offers strategic flexibility. This test reinforces India’s self-reliance and credible nuclear deterrence posture.

RBI changes loan recovery rules:: No harassment, recorded calls, strict recovery agent code & more

The Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks properly train recovery agents while ensuring they adhere to professional standards during the process. Borrowers will receive notifications regarding the recovery agents assigned to them, and all communications will need to be recorded.