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Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the retail direct scheme and the integrated ombudsman scheme, via video-conferencing on Friday. In a statement on Thursday, the Prime Minister’s Office (PMO) said the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors. It offers them a new avenue for directly investing in the securities issued by the Centre and the state governments. The investors will be able to easily open and maintain their…

The arrested students are engineering students at the Raja Balwant Singh College in Agra, Uttar Pradesh. Three Kashmiri students were arrested by the Agra police yesterday for allegedly celebrating Pakistan’s win over India in the ongoing T20 World Cup. The arrested students are engineering students at the Raja Balwant Singh College in Agra, Uttar Pradesh. Arsheed Yousuf and Inayat Altaf Sheikh are in their third year of college, and Showkat Ahmed Ganai is in his fourth. The college had already suspended the students on Monday saying they were found “being involved…

India on Wednesday hit out at China for its “unilateral” decision to bring about a new land border law and said it is a matter of concern as the legislation can have implications on the existing bilateral pacts on border management and on the overall boundary question. External Affairs Ministry Spokesperson Arindam Bagchi said India expects that China will avoid undertaking action under the pretext of the law that could unilaterally alter the situation in the India-China border areas. He said such a “unilateral move” will have no bearing on…

Maharashtra minister Nawab Malik on Tuesday accused NCB official Sameer Wankhede of illegal phone tapping and announced that he will hand over a letter on the official’s misdeeds’ to the agency head. Sameer Wankhede through two persons in Mumbai and Thane is illegally intercepting the mobile phones of some people, said Malik, who has been targeting Wankhede after his son-in-law’s arrest. Malik also claimed that Wankhede had sought the call detail record (CDR) of his family member from the police. Wankhede in his affidavit submitted to a Mumbai court on…