Tag: draft bill

These measures were first suggested by the Reserve Bank of India’s (RBI) Working Group on Digital Lending in its its November 2021 report.(Representational Image/Pixabay)
Posted in Business

Govt proposes crackdown on unregulated lending, may ban loan apps and impose ₹1 crore penalty, 10-year jail term

Dec 22, 2024 02:22 PM IST Fraudulent loan apps are a concern with coercive recovery tactics, exorbitant interest rates, and hidden fees, leading to distress…

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Govt floats draft bill to amend arbitration law; Adds proviso for emergency arbitration
Posted in Economy

Govt floats draft bill to amend arbitration law; Adds proviso for emergency arbitration

New Delhi: Seeking to provide “further boost” to institutional arbitration and reduce court intervention in such cases, the government has come out with a draft…

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