Banks pushing NBFCs out of gold loan business

Banks are coming up with separate gold loan branches to woo customers away from NBFCs  The Non Banking Financial Companies (NBFC) are facing tough competition from banks in the gold loan segment by offering low interest rates. Commercial Banks have been expanding their gold loan portfolio. Data by BFSI shows that the portfolio saw a […]

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Lack of medical professors hamper plans for 11 new colleges

The Karnataka government has decided to launch new medical colleges, despite the acute shortage of medical professionals. Karnataka government is yet to devise a concrete plan to tackle acute shortage of medical professionals for the launch of 11 new medical colleges in 11 districts of the state. Government officials said that they have come up […]

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Chilume employees identified and arrested along with BBMP officials

Six Chilume Trust officials along with four BBMP officials have been taken into police custody for three days and 14 days, respectively. The six employees of the Chilume Trust who were arrested have been identified and taken into police custody for 14 days. Moreover, three regional officers and one assistant revenue officer from the Bruhat […]

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No casualties, minimal damage from cyclone Asani

Cyclone Asani made landfall yesterday in Andhra Pradesh between Machlipatnam and Kakinada. Cyclone Asani has been easy on Andhra Pradesh, with light rainfall and no major damage. Chief Minister Jagan Mihan Reddy reviewed the situation. He said there have been no casualties. Prasad from the Eluru control room said the cyclone has passed the area. […]

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No regulations for the booming e-pharmacy sector

Unregulated e-pharmacies make banned drugs available to people. Thanks to a booming market, banned supplements are easily accessible. E-pharmacies lack regulation as no law currently governs them, making it an open system for the sale of banned supplements and drugs without prescription, says retail pharma suppliers. .  New e-pharmacies are registered with the Central Drugs Standard Control […]

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