The RBI is scrutinizing the use of a 2003 foreign exchange regulation granting NRI status to Indian students abroad, aimed at tax and fund transfer benefits. The central bank considers refining guidelines to differentiate between legitimate students and those exploiting the policy transfers.
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Fashion models strutted on snow in Gulmarg, and the videos were removed after backlash during Ramadan fasting. J&K chief cleric and others opposed the ‘obscene’ display. Designers apologized and expressed regret for any hurt caused. The controversy reached the J&K assembly, with various leaders voicing their discontent.
Three pro-Khalistan terrorists linked to a grenade attack on a Punjab police post were killed in a joint operation by Uttar Pradesh and Punjab police in Pilibhit. Two AK-series assault rifles and two Glock pistols were recovered. The December 19th attack, claimed by Khalistan Zindabad Force, was the eighth such incident in Punjab since November 24th.
Delhi-NCR's air quality dipped sharply, triggering the implementation of GRAP stage III. Schools switched to hybrid learning for younger students, and older diesel vehicles faced stricter entry and operation restrictions within the city. These measures follow a recent relaxation of earlier pollution control restrictions.
A new study reveals that Mars had sun-scorched beaches with waves breaking on ancient ocean shores. Data from China's Zhurong rover indicates sandy beach deposits on Mars from 3.6 billion years ago, suggesting the existence of an ancient sea. This major discovery provides evidence of Mars' dynamic, potentially habitable past, hinting at the possibility of microbial life.
The Reserve Bank of India is working with fintech institutions to fight mule account cybercrimes. They have developed advanced algorithms to detect frauds and recently launched MuleHunter.AI, an AI tool to identify mule accounts. A pilot test with public sector banks showed promising results. This initiative aims to protect customers and curb fraudulent transactions.
Cognizant Technology Solutions has sold its 13.68-acre property in Chennai for Rs 612 crore. This sale is part of Cognizant's efforts to consolidate operations within three other buildings in Chennai. The new India headquarters will be at the MEPZ campus. The buyer, Bagamane Group, is expected to redevelop the Thoraipakkam property.
Legal challenges are mounting against US agencies for terminating international students' SEVIS records, with courts increasingly granting temporary restraining orders. Immigration attorneys are discussing the agencies' attempts to downplay the irreparable harm caused to students.
Suchir Balaji’s parents have filed a lawsuit against the San Francisco Police Department, demanding access to investigation records regarding their son's death. Balaji, a former researcher at OpenAI, was found dead last November, and authorities labeled it a suicide. However, his parents accuse the police of unlawfully withholding crucial public records and seek judicial intervention to obtain detailed reports.
IMD meteorologists in Pune utilize a mix of traditional hand-plotting and advanced digital systems to ensure precise weather forecasts, cross-checking data from various sources. They actively engage in scientific debates and continuously update predictions to provide accurate regional forecasts essential for agriculture and disaster preparedness.
India's performance in the 2024-25 Border-Gavaskar Trophy against Australia was disappointing, marked by key players failing to deliver consistently. Bumrah stood out with a perfect 10/10 rating, but poor showings by Rohit Sharma, Ashwin, and others led to a 3-1 series loss. Coach Gambhir's strategies and team selection faced criticism.