Russia to develop a system of rights protection in cross-border transactions

The document highlighted the need to streamline admission of foreign providers of financial services to the market

MOSCOW, September 13. /TASS/. The government and the Bank of Russia intend to contribute to the formation of an effective system for protecting the rights of consumers and investors in the provision of cross-border financial services, according to the strategy for the development of the Russian financial market until 2030.

“Currently, there are no unified international approaches to protecting the rights of consumers and investors in the provision of cross-border financial services,” the document said.

“In this regard, it is preferable to develop and widely implement international principles for protecting the rights of consumers of cross-border financial services, as well as a system for monitoring the implementation of these principles at the level of associations of national financial market regulators,” the document noted.

It also highlighted the need to streamline admission of foreign providers of financial services to the market.

News Related


Auto incentive scheme: Is it too little, too late for Ford India?

Having entered India in the mid-1990s Ford has struggled to make a mark in the Indian automotive space despite more than two decades of existence. (In pic: Ford Ecosport) Action ... Read more »

Commerce ministry fixes December 31 as deadline for exporters to submit applications for pending dues

Representative image: Reuters The last date for exporters to submit online applications to claim their pending dues under different export promotion schemes will be December 31, according to a notification ... Read more »

Indian airlines fly high as August passenger traffic surges

Rather than just accept that business travel will rebound, companies can use the change in practices of the past year to open a new chapter for how they approach it. ... Read more »

FNV: Healthcare personnel drop out due to work pressure and overload

Due to high work pressure and overload, almost four out of ten healthcare workers see colleagues leave. This emerges from a survey by FNV among 12,000 members in the healthcare ... Read more »

Ministers to give workers immediate right to request flexible working

Millions of workers will be given a 'day one' right to request that their employer allows them to work flexibly under government proposals to be published within days, Sky News learns. Read more »

Sachin Bansal-backed Navi Mutual Fund files for electric vehicle fund

Sachin Bansal (Image: Reuters) Flipkart co-founder Sachin Bansal-backed Navi Mutual Fund (Navi MF) has put several more passively-managed funds in its product pipeline for mutual fund investors. Now, the fund ... Read more »

Participation in population screening for cervical cancer was 50% in 2020

The COVID-19 pandemic has had an impact on the population screening in 2020. Between 16 March and 1 July 2020, the cervical cancer population screening was halted. As a result, ... Read more »

Kazakhstan president urges to reconsider SCO trade relations

According to Kassym-Jomart Tokayev, the question is wider than simply a recovery of particular indicators of trans-regional cooperation, it is necessary to analyze macrotrends, estimate the risks and on this basis take systemic decisions Read more »

NFT: OpenSea set to launch its new marketplace app following insider trading controversy

Photo by: NordWood Themes/Unsplash OpenSea will be debuting its NFT marketplace app this week. It was reported that it will be available for users to download via Google Play and ... Read more »

Zee Entertainment share price rallies 45% this week. Here's why a further upside is likely

Zee Entertainment. Zee Entertainment Enterprises share price added over 2 percent intraday on September 17 continuing its up move in past few days after its two biggest investors sought the ... Read more »

Sansera Engineering IPO: Check share allotment online, grey market premium, listing date

Auto ancillary company Sansera Engineering is expected to finalise the allotment of shares next week after its initial public offering attracted strong subscription. The shares are scheduled to be listed ... Read more »

Tesla to work with global regulators on data security: Elon Musk

Electric vehicle maker Tesla Inc will work with global regulators to ensure data security, Chief Executive Elon Musk told an industry event in China on Friday. Tesla, which assembles vehicles ... Read more »

Evergrande's staunchest allies drop out as Chinese property developer's creditworthiness deteriorates amid debt woes

Two of the property magnate Hui Ka-yan’s staunchest allies appear to be bailing out of China Evergrande Group, selling a large chunk of the developer’s stock ahead of a gathering ... Read more »

British inventor of affordable computer Clive Sinclair (81) passed away

Sinclair was one of the founders of affordable computers. He became known for pioneering inventions such as an electronic calculator in the 1970s and various personal computers (PCs) in the ... Read more »

IT department widens probe against actor Sonu Sood; searches multiple premises

File image of actor Sonu Sood The Income Tax Department has widened its tax evasion probe against actor Sonu Sood as it raided multiple premises in Mumbai, Nagpur and Jaipur on Friday, official sources said. The department ... Read more »

Securing a recovery is tougher than handling the crisis

Image: PTI Calibrating policies to safeguard recoveries is proving harder than crisis-time responses to the pandemic last year. Then, the sole challenge was to counter the severe economic fallout of ... Read more »

PM Modi calls for SCO template to fight radicalisation, extremism

PM Narendra Modi Prime Minister Narendra Modi on Friday called for developing a template by the Shanghai Cooperation Organisation (SCO) to effectively deal with the challenges of extremism and radicalisation. ... Read more »

Zee Entertainment share price rallies 45%. Here's why a further upside is likely

Zee Entertainment. Zee Entertainment Enterprises share price added over 2 percent intraday on September 17 continuing its up move in past few days after its two biggest investors sought the ... Read more »

Microsoft may continue building data center in North Holland

Microsoft may continue with the construction of a data center in the Noord-Holland municipality of Hollands Kroon. The municipality of Hollands Kroon will let you know this on Friday following ... Read more »

Tata Digital working on online marketplace for beauty products: Report

Tata Digital, which acquired BigBasket and 1MG in 2021, is working on a super app. The company also made an investment of $75 million in Cultfit. (Representational image: Africa Studio/via ... Read more »

GoosePunks NFTs launched on Ethereum blockchain

Photo by: NFT MCH+/Wikimedia Commons (CC0 1.0) GoosePunks NFTs were unveiled on Thursday, Sept. 16 and it was launched on Ethereum (ETH) blockchain. These new digital assets consist of 12,000 ... Read more »

In Pics | Odisha artist creates 8 ft-long portrait of PM Modi using food grains

Odisha artist Priyanka Sahani creates 8 ft-long portrait of PM Narendra Modi using food grains, on his 71st birthday. (Image: ANI) “India’s an agricultural country, so I made this portrait ... Read more »

News Analysis | How the Auto PLI scheme will nudge the industry towards green vehicles

Representative Image (Source: ShutterStock) The production linked incentive scheme (PLI) announced by the government on Wednesday allocates Rs 26,000 crore and incentivises the production of electric vehicles (EVs), Hydrogen Fuel ... Read more »

Why SC making approved resolution plans binding under IBC is good news for lenders

supreme court An insolvency resolution plan cannot be withdrawn or modified after it is approved by a Committee of Creditors (CoC), the Supreme Court has ruled, delivering a shot in ... Read more »

IMF Chief called out for 'putting pressure' to lift China's rankings in Doing Business Report

Kristalina Georgieva risks seeing her authority as head of the International Monetary Fund undermined just weeks before an annual meeting of global finance chiefs, after being accused of influencing a ... Read more »

Cryptocurrency: AMC theaters to begin accepting Bitcoin, Ethereum, Litecoin, Bitcoin Cash as payments

Photo by: Art Rachen/Unsplash Cryptocurrency is being accepted as a form of payment around the world. They are also being used in transactions other than payment for goods as more ... Read more »

World Bank Group to discontinue Doing Business report

Representative Image (Reuters) The World Bank Group has decided to discontinue publication of its Doing Business report on country investment climates following allegations of irregularities. The decision was taken after ... Read more »

Need for increase in mineral exploration activities in eastern states, says Centre

The Centre has urged Odisha and its neighbouring states to explore untapped mineral resources in order to cater to rising demand and reduce import bills. The mines departments and state ... Read more »

Mumbai Flyover Collapse: 14 workers injured after girder of under-construction flyover collapses in Mumbai's BKC

At least 14 workers were injured after a girder of an under-construction flyover at MTNL junction in suburban Bandra Kurla Complex (BKC) here collapsed early on Friday, civic officials said. ... Read more »

Dismal summer for retail as sales fall for fourth month in a row

Retail sales fell unexpectedly last month partly thanks to shoppers spending more money eating out than in supermarkets, official figures show. The 0.9% decline in sales volumes in August followed ... Read more »

Coronavirus Update: India adds 34,403 COVID-19 cases; recovery rate at 97.65%

Representative Image India saw a single-day rise of 34,403 new COVID-19 infections while the active cases have further declined to 3,39,056, according to Union health ministry data updated on Friday. ... Read more »

Ola says it sold Rs 1,100 crore of electric scooters in two-day sale

Ather, Ola and now Simple One are pushing the envelope when it comes to revolutionary innovation Ola Electric, a unit of the ride-hailing start-up Ola, sold scooters worth over Rs.1,100 ... Read more »

World's first NFT film ‘Zero Contact' digital copies to be auctioned off

Photo by: Vuele Digital/YouTube NFT is all the rage right now and various items are being created to be sold as non-fungible tokens. These units of data stored on a ... Read more »

US medical experts to vote on Pfizer COVID-19 boosters

The decision on whether to authorize a vaccine for younger children is eagerly anticipated by millions of Americans, particularly parents whose children started school in recent weeks amid a wave ... Read more »

Five things to watch out for in the GST Council Meeting today

The GST Council‘s 45th meeting is slated to take place later in the day in Lucknow. This council meeting is the first in-person meeting since the COVID-19 pandemic broke out in the ... Read more »

Indian rupee inches 6 paise higher to 73.46 against US dollar in early trade

The Indian rupee inched higher by 6 paise to 73.46 against the US dollar in opening trade on Friday, tracking a firm trend in domestic equities. Forex traders said the ... Read more »

These banks and housing finance companies offer the cheapest home loans

India’s largest bank SBI, too, has announced a festival bonanza for new as well as balance transfer borrowers.  Borrowers with high credit scores will now get an interest rate of ... Read more »

Swiggy, Zomato may take a hit if GST council approves proposal to levy tax on deliveries

Representative Image At its upcoming meeting on September 17, the GST Council is expected to discuss a proposal to treat online food delivery platforms such as Swiggy and Zomato as aggregators and ... Read more »

'Happy' SpaceX tourist crew spend first day whizzing around Earth

A SpaceX rocket ship blasted off from Florida on Wednesday carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to join him in the first all-civilian crew ... Read more »

How to leverage your property to raise a loan at low rates

Lenders usually do not place any restrictions on the end usage of a loan against property (LAP), except for speculative purposes. This allows you to leverage your property and raise bigger loan amounts ... Read more »