Banks Can Charge Over 30% Interest On Credit Card Dues: SC
The Free Press Journal|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.
Banks Can Charge Over 30% Interest On Credit Card Dues: SC

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

*138 farmers commit suicide in 11 months in Nanded

As many as 138 farmers in the Nanded district committed suicides in the past 11 months due to various reasons, including poor yield, natural calamities and the burden of debts. Still, the series of farmers’ suicides continues in the district.

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The Free Press Journal

Virat Could Have Avoided Tiff With Konstas

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The Free Press Journal

Tiger Shroff joins Salman as brand ambassador

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The Free Press Journal

Bid for Olympics, mess in IOA, sports bill

Recap of Sports Arena in 2024

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Farewell, Gentleman Prime Minister
The Free Press Journal

Farewell, Gentleman Prime Minister

DR MANMOHAN SINGH PASSES AWAY AT 92

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Saiyami's dream trip
The Free Press Journal

Saiyami's dream trip

Ghoomer actress lives out her childhood fantasies in Australia

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Preity Zinta's holiday bliss
The Free Press Journal

Preity Zinta's holiday bliss

Actress posted a series of adorable photos featuring her twin children and husband

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December 27, 2024
The Free Press Journal

Arjun falls victim to online scam

Arjun Kapoor warns his fans about an ongoing scam, stating that he would never ask anyone to share personal details

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December 27, 2024
Big B's 9/11 Kaante memories
The Free Press Journal

Big B's 9/11 Kaante memories

Sanjay Gupta's Kaante, which completed 22 years earlier this month, was Quentin Tarantino's Reservoir Dogs with some tweaks here and there. Shot entirely in the US with an all-American crew, Kaante's technical brilliance shines through.

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3 mins  |
December 27, 2024
The Free Press Journal

ARC Riders Win Gold in Team Events

Inaara Mehta Luthria, Freya Thakkar and Hayden Hussain from ARC clinched the gold at the National Equestrian Championships (NEC), in various team event categories held in Delhi.

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1 min  |
December 27, 2024