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BIG changes proposed by RBI π
1. RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules
You can Extend your UPI Linked Bank Account To Family Members
This Means, One Bank Account Can Be Used By Senior Citizens, Minors etc on Two Different Mobile Number/Smartphone
No Need To Open a Separate Bank A/C
2. Limit From βΉ1 Lakh Has Been Extended To βΉ5 Lakh for Tax Payments Using UPI
3. 15 Days Reporting to CICs
Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian etc)
Currently This is on Monthly Basis
4.Repository of Digital Loan Apps
RBI Proposed Creating Public Repository of Digital Lending Apps
This Will Prevent Unauthorised and Fraudulent Loan Apps and Help Borrowers
5. Faster Cheque Clearance
Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day
This is Another Revolutionary Move
1. RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules
You can Extend your UPI Linked Bank Account To Family Members
This Means, One Bank Account Can Be Used By Senior Citizens, Minors etc on Two Different Mobile Number/Smartphone
No Need To Open a Separate Bank A/C
2. Limit From βΉ1 Lakh Has Been Extended To βΉ5 Lakh for Tax Payments Using UPI
3. 15 Days Reporting to CICs
Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian etc)
Currently This is on Monthly Basis
4.Repository of Digital Loan Apps
RBI Proposed Creating Public Repository of Digital Lending Apps
This Will Prevent Unauthorised and Fraudulent Loan Apps and Help Borrowers
5. Faster Cheque Clearance
Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day
This is Another Revolutionary Move
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A milk tanker was hit from behind by a truck. The Truck driver lost his life.
Locals were quick to surround the milk tanker with utensils, bottles and plastic containers.
They were making it sure that the Milk doesn't go waste so they collected it for themself. π
Locals were quick to surround the milk tanker with utensils, bottles and plastic containers.
They were making it sure that the Milk doesn't go waste so they collected it for themself. π
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Organization of Islamic Cooperation (OIC) officially blames Israel for the assassination of Hamas leader Ismail Haniyeh. The Statement described it as "a serious infringement" of Iran's sovereignty.
Pakistan has requested that all 57 countries in the Organization of Islamic Cooperation (OIC) end oil-trade with Israel.
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Refer: https://t.me/MeghUpdates/70484
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'BacheBazzi' in #Bangladesh.
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During the ongoing clashes between the Arakan Rohingya Salvation Army (ARSA), a Rohingya Muslim militia, and the Arakan Army (AA), a Buddhist Arakanese nationalist insurgent group, Arakan Army militias started to mass kill every single muslim at the border zone that they captured from ARSA.
Between 200 to 300 Rohingya Muslim civilians that failed to flee from the conflict zone were mass killed by the Buddhist nationalist insurgents that perceive the Muslim population as a "plague to be eradicated in Rakhine State".
Hundreds of bodies are seen unburied at the banks of the Naf River, which de-marks the international border between #Bangladesh and Myanmar.
Between 200 to 300 Rohingya Muslim civilians that failed to flee from the conflict zone were mass killed by the Buddhist nationalist insurgents that perceive the Muslim population as a "plague to be eradicated in Rakhine State".
Hundreds of bodies are seen unburied at the banks of the Naf River, which de-marks the international border between #Bangladesh and Myanmar.
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The Official Media of ARSA has blamed Indian Intelligence for supplying weapons to the Arakan Army.
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The National Commission for Protection of Child Rights (NCPCR), recently, issued a circular addressed a letter to the Principal Secretaries of School Education Departments across all States and Union Territories in response to reports alleging that children faced harassment and discrimination by school teachers and staff during festival celebrations.
It was observed that certain schools prohibited children from wearing rakhi, tilak, or mehandi during festivals like Raksha Bandhan, subjecting them to both physical and mental harassment. The Commission highlighted that corporal punishment in schools is expressly prohibited under Section 17 of the Right to Education Act, 2009.
In light of the approaching festivals, the Commission requested that appropriate directions be issued to ensure that schools refrain from practices that could lead to corporal punishment or discrimination. The Commission further requested a compliance report, including a copy of the relevant orders, to be submitted by August 17, 2024.
Recently, the Delhi High Court also reiterated Section 17 of the RTE Act noting that βThe corporal punishment to a child in any form is deprecable, even though the motive may be to make a child realise that his/her act is unacceptable, wrong or disappointing.
It was observed that certain schools prohibited children from wearing rakhi, tilak, or mehandi during festivals like Raksha Bandhan, subjecting them to both physical and mental harassment. The Commission highlighted that corporal punishment in schools is expressly prohibited under Section 17 of the Right to Education Act, 2009.
In light of the approaching festivals, the Commission requested that appropriate directions be issued to ensure that schools refrain from practices that could lead to corporal punishment or discrimination. The Commission further requested a compliance report, including a copy of the relevant orders, to be submitted by August 17, 2024.
Recently, the Delhi High Court also reiterated Section 17 of the RTE Act noting that βThe corporal punishment to a child in any form is deprecable, even though the motive may be to make a child realise that his/her act is unacceptable, wrong or disappointing.
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