Free Press Journal
  • RBI has finalised P2P lending norms, likely in 2-3 weeks

    New Delhi : The Reserve Bank of India (RBI) has finalised norms for peer-to-peer (P2P) lending platforms and is expected to release final guidelines in 2-3 weeks, a top finance ministry official said.According to the official, the finance ministry has given its comments to the central bank and the latter is giving final touches to the rules. “We have given our comments to the RBI. The guidelines should be out soon. The

  • Pubs, bars on highways in Bengaluru face closure

    Bengaluru : About 650 pubs and bars across the city face imminent closure from July 1 if the “highways” on which they are located are not de-notified by the central government by Friday as per the Supreme Court order, said an official on Thursday.
    “If the Union Ministry of Surface Transport does not denotify the national and state highways passing through the city limits by June 30, pubs and bars within 500 metres

  • Indians’ money in Swiss banks hit record low of 676 mn francs

     Zurich/New Delhi : Money parked by Indians in Switzerland’s banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.

  • Karun Nair, Pandey to lead India A teams

    New Delhi : Senior team players Karun Nair and Manish Pandey were today named skippers of India A’s unofficial Test and one-day teams respectively, for the upcoming tour of South Africa.

  • China warns India, makes oblique reference to 1962 war in asking to withdraw troops

    Beijing : China on Thursday asked India to withdraw its troops from the Donglong area in the Sikkim sector as a precondition for a “meaningful dialogue” to settle the current stand-off, warning that the Indian Army should learn “historical lessons”, in an oblique reference to the 1962 war.

  • Cardinal denies child sex abuse charges

    Canberra : Australian Cardinal George Pell, the Vatican’s financial chief, said on Thursday that he is looking forward to appearing in court and is innocent of the child sex abuse charges pressed against him in his country.

  • CA warn players as deadline looms

    Sudney : Cricket Australia has sent a formal letter to warring players officially informing them they will be unemployed if a deal is not reached this week in their protracted pay dispute. Amid reports that Australia’s cricketers will decide this weekend whether their image rights are sold offshore, CA high performance manager Pat Howard has warned they must seek permission to play in other Twenty20 leagues.

  • ED issues notice to Hurriyat leader Geelani in foreign cash seizure

    New Delhi : The Enforcement Directorate (ED) on Thursday issued a show cause notice to Hurriyat leader Syed Ali Shah Geelani in connection with a case of alleged seizure of foreign currency worth $10,000 from his residence.

  • P-note investments hit 7-month high of Rs 1.81 lakh cr in May

    New Delhi : Investments in domestic capital markets via participatory notes (P-notes) have surprisingly surged to a seven-month high of Rs 1.81 lakh crore at the end of May despite stringent norms put in place by Sebi to curb inflow of illicit funds.

  • Army Chief in Sikkim amid India-China border face-off

    Gangtok/Beijing : Army Chief General Bipin Rawat on Thursday arrived in Sikkim to take stock of the security scenario amid a stand-off between Indian and Chinese troops along the border in the area.

  • Sourav Ganguly to attend MCC meeting

    Kolkata : Former India captain Sourav Ganguly will head to London on July to attend MCC’s World Cricket committee meeting at the Lord’s on July 3 and 4.

  • State Bank moves NCLT, files insolvency against Electrosteel

    New Delhi : Consortium leader SBI has initiated insolvency proceedings before NCLT against Kolkata- based Electrosteel Steels to recover Rs 10,000 crore in loans as bankers tighten screws on big corporate defaulters.

  • Chile crush Portugal, reach Confeds final

    Kazan (Russia) : Claudio Bravo made three penalty saves as Chile crushed Portugal 3-0 in a penalty shootout to reach the Confederations Cup final.

  • Baby sold for Rs 8K under the guise of adoption

    Hyderabad: Police on Thursday registered a case against parents of a baby boy for selling him to another couple. B Lalamma and B Jaiappa, residents of Karankota in the neighbouring Vikarabad district, sold their one-and-a-half months old boy to another couple, Vijaya and Bhoopathi, based in Tandur town, around seven months ago, police said.

  • Steve Smith is now officially engaged

    New York : Australian cricket team captain Steve Smith on Thursday announced his engagement with partner Dani Willis through social media.

  • Traders: 28% GST rate may lead to 2-3% rise in white goods’ price

     New Delhi : The government’s decision to levy 28% tax on air conditioners, refrigerators and other white goods under the new goods and services tax regime has set the stage for a possible price hike of 2-3%, traders at leading electronic retailers such as Croma Electronics, Vijay Sales and Kohinoor Electronics said.