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Business

Anant Nageswaran Urges Microfinance Focus on Savings, Insurance Before Loans

Chief Economic Advisor V. Anant Nageswaran emphasized that microfinance in India should prioritize savings, insurance, and sustainable livelihoods before extending loans. Speaking at Sa-Dhan's 21st annual national conference on October 9 in New Delhi, he warned that excessive lending and mis-selling of financial products have repeatedly caused crises in the sector. He called for a shift in microfinance practices to enhance economic security for low-income families.

Amar Business··New Delhi

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Politics

Saurav Das Calls Delhi a Fortress Amid Emergency-Like Situation

Before the protest at Jantar Mantar, Cockroach Janata Party (CJP) leaders questioned Delhi's security and administrative actions. CJP leader Saurav Das alleged emergency-like conditions in the country and said Delhi has been turned into a fortress. Leaders criticized metro and rail service shutdowns and road restrictions, stating students and youth want peaceful protests but face strict measures to stop them.

Amar Ujala··Delhi

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World

Ohio Couple Builds $700 DIY Roller Coaster at Home

In 2009, Ohio couple Jon and Natasha Cain built a DIY roller coaster for their children using local materials. The project cost about $700 and took three weeks to complete. The coaster reached 12 feet in height and featured multiple twists and turns. Local officials supported the project, allowing it to proceed without any issues.

TOI World··Ohio

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Business

Indian Bonds Fall for Eighth Week Amid RBI Rate Hike

Indian government bonds have declined for the eighth straight week due to rising oil prices and the Reserve Bank of India's hawkish policy shift. The RBI increased the repo rate to 5.50%, with economists expecting it to rise further to at least 6.00%. This has led to higher bond yields and reduced investor confidence in the market.

ET Markets·

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Business

SEBI Introduces New Settlement Formula and Fast-Track Route

The Securities and Exchange Board of India (SEBI) has introduced new regulations revising the formula for calculating settlement amounts and a fast-track settlement route for cases involving amounts up to Rs 10 lakh. The framework removes double counting by separately accounting for disgorgement of wrongful gains and losses caused to investors. Settlement terms now include settlement amount, disgorgement, and remedial and regulatory terms, effective from October 6.

Deccan Herald··New Delhi

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Politics

BJP Wins in Bengal's Rajnagar Despite 70% Muslim Voters

In West Bengal's by-elections, BJP secured victories in both Rajnagar and Nandigram seats. Notably, BJP won Rajnagar by a margin of 75,000 votes, despite the constituency having 70% Muslim voters. This surprising result has prompted political analysts to reconsider the electoral dynamics in the region. CM Suvendu Adhikari explained the reasons behind BJP's success.

Aaj Tak··Rajnagar

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