Banks Can Charge Over 30% Interest On Credit Card Dues: SC
The Free Press Journal - Indore|December 27, 2024
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict, which held charging excessive interest rates amounted to an unfair trade practice.
PTI

A bench of Justices Bela M Trivedi and Satish Chandra Sharma said NCDRC's observations that the rate of interest in excess of 30 per cent per annum was an unfair trade practice was "illegal" and an interference with the clear, unambiguous delegation of Reserve Bank of India's powers. The court said the ruling was contrary to the legislative intent of the Banking Regulation Act, 1949.

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The Free Press Journal - Indore

HYDRAA to become more active in New Year, plans ready: Ranganath

Boundaries of 1025 new lakes are being established. FM radio will be started in Hyderabad to disseminate information about HYDRAA. Illegal structures are being identified through satellite images

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2 minutos  |
December 29, 2024
The Free Press Journal - Indore

Transgender person appointed as guest lecturer in Karnataka

With her appointment to Vijayanagara Sri Krishnadevaraya University, 27-year-old K N Renuka Pujar has likely become the first transgender person to be appointed as a guest lecturer at a university in Karnataka.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

Janardhan Reddy's 17th death anniv observed

Minister for IT and Industries Duddilla Sridhar Babu said that former MLA and Congress leader late P Janardhan Reddy was a lifelong champion for the poor people and workers and he would forever remain in the hearts of the people.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

Locals Raise Alarm Over Contaminated Drinking Water

Residents of Chinta Bavi and Doodh Bavi areas under the Mettuguda division in the Secunderabad constituency raised concerns about contaminated drinking water on Saturday.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

100-Bed Hospital Coming Up in Saluru

State Minister for Women, Child Welfare, and Tribal Welfare, Gummadi Sandhya Rani, announced that the construction of a 100-bed hospital in Saluru has resumed.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

Job Opportunities for 25 Lakh Unemployed Youth

District Collector Dr. G. Lakshmisha said that unemployed youth will be able to settle in life only when they take advantage of the job opportunities that come their way.

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2 minutos  |
December 29, 2024
The Free Press Journal - Indore

Goa-manufactured illegal liquor seized

In a significant operation by the flying squad of the State Excise Department's Pune Division, illegal Goa-manufactured liquor and other items worth a total of Rs31.23 lakh were seized on Friday.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

No Proposal for Four New Vande Bharat Trains

Several media reports recently claimed that the railway administration had decided to launch four additional Vande Bharat Express trains from Pune.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

Metro extension tender process in final stages

Maha-Metro MD Shravan Hardikar has confirmed that the tendering process for the Pune Metro Line 1 extension from Swargate to Katraj is in its final stages, with a contractor expected to be appointed soon.

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1 min  |
December 29, 2024
The Free Press Journal - Indore

School principal drowns off Kashid

The principal of a Pune-based school drowned off Kashid beach in Maharashtra's Raigad district, a police official said on Saturday.

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1 min  |
December 29, 2024