New Delhi, Dec 10: RBI Governor Urjit Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post.
In a brief statement, Patel said he has decided to step down with immediate effect.
He, however, did not specify the reason for the decision.
Patel was appointed the 24th Governor of the RBI on September, 2016 for a three-year term.
New Delhi, Feb 1: India on Friday banned the export of personal protection equipment such as masks and clothing amid a global coronavirus outbreak.
It did not give a reason for the ban but it reported its first case of the new coronavirus on Thursday, a woman in Kerala who was a student of Wuhan University in China.
The central Chinese city of Wuhan is the epicentre of the outbreak, and the virus has since spread to more than 9,800 people globally and killed 213 people in China.
Several Indian citizens living in Wuhan will arrive in India by plane on Saturday and be taken to a quarantine centre on the outskirts of the capital New Delhi.
India, the world’s second most heavily populated country after China, has taken measures to ensure that all people arriving from China report to health authorities.
New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.
Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.
The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.
The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.
Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.
The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.
IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).
The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".
Noida, Jan 6: A fire broke out at the ESIC Hospital in Noida on Thursday morning and firefighting was underway, officials said.
The blaze broke out in the basement of the seven-storey hospital building located in Sector 24, a police official said.
Fire tenders were rushed to the spot after the Fire Department was alerted about it around 8 am, the official said.
After that, a search was done to see if anyone was trapped in the building, he said.
The cooling process is now underway.
He said the fire had engulfed the ground, first and second floors of the building, except the basement.
Police said they received information about fire at Kaveri printing press at 2:45 am, when the manager Yogesh called them. The press owners have been identified as Atul and Anuj Goyal, residents of Sukhdev Vihar, they said.
The man who died in the fire has been identified as Phool Dev, from Bihar, who used to work as a help there. Dev went inside the building in the night to sleep before the fire started and died due to suffocation, the fire department official said.
The body has been kept at Lal Bahadur Shastri Hospital and the post-mortem will be done once the family reaches here, police said.
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