BMC Slaps Rs 5 Crore Penalty on Taj Lands End Over Unpaid Property Taxes

National Cooperative Development Corporation Bill gets House approval

Supreme Court orders CBI probe into Chhattisgarh custodial death case

The Supreme Court has ordered a CBI investigation into a custodial death that occurred in Chhattisgarh. The court found that both the state administration and police had deliberately attempted to conceal facts surrounding the incident. Judges described the conduct of authorities as a calculated cover-up intended to mislead the court. The order reflects the Supreme Court's serious concern over institutional accountability in cases involving deaths in police custody.

RBI Proposes Rules to Standardise Loan Interest Rate Setting by Banks, NBFCs

The Reserve Bank of India is set to introduce new regulations aimed at bringing uniformity to how banks and non-banking financial companies set loan interest rates. The move targets the practice of lenders arbitrarily adjusting the spread component added over benchmark rates when pricing loans. Such discretionary tinkering has long been a concern for borrowers, as it can result in inconsistent and potentially unfair lending rates. The new rules are designed to increase transparency and protect borrowers from unpredictable rate changes. The standardisation effort is expected to apply uniformly across both scheduled commercial banks and NBFCs.

US Army Apache Helicopter Crash in Texas Kills Two, Triggers Wildfire

A US Army Apache attack helicopter went down in a central Texas field on Wednesday, killing both crew members aboard. The crash was confirmed by local sheriff's officials. The impact sparked a wildfire in the surrounding area, prompting authorities to evacuate several nearby homes. The cause of the crash has not yet been disclosed.