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August 18, 2023 1:58 PM

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I & B Secretary Apurva Chandra praisea Akashvani News and Doordarshan

Information and Broadcasting Secretary Apurva Chandra has praised Akashvani News and Doordarshan for effectively highlighting India's G20 Presidency. In an exclusive interview with Akashvani News, the Secretary noted that G20 events spanned 50 cities in which media units of the Ministry of info...

August 18, 2023 1:28 PM

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Don't compound penal interest on loans : RBI to Banks, NBFCs

Reserve Bank issued guidelines to banks, NBFCs on levying of penal rates of interest on loans. RBI in a circular dated 18th Aug 2023 mentioned that there shall be no capitalisation of penal charges i.e., no further interest computed on such charges. After reviewing the practices followed by Banks...