Deposit insurance, as we know it today, was introduced in India in 1962. India was the second country in the world to introduce such a scheme, the first being the US in 1933. Banking crises and bank failures worldwide underscored the need for depositor protection.
Leading cloud service providers, or hyperscalers, are witnessing a strong demand for AI-driven solutions, prompting them to maintain high capital expenditure (capex) commitments.
Taiwan's Ministry of Foreign Affairs quoted Minister of Foreign Affairs Lin Chia-lung thanked the US State Department for reaffirming support toward Taiwan with "positive, Taiwan-friendly wordings.
The Congress on Sunday demanded immediate resignation of Union Railway Minister Ashwani Vaishnav over the death of 18 people during a stampede at New Delhi railway station on Saturday.
Women and children were not restrained in the deportation flight carrying the second batch of Indian nationals that arrived in Amritsar on February 15, sources said on Sunday.
Earlier in the day, Indian Railways gave an ex-gratia of rupees 10 lakh to the kin of all the 18 deceased. An amount of rupees 2.5 lakh to grievously injured passengers and a compensation of rupees 1 lakh for passengers with minor injury were distributed to the 15 injured during the day.
He felicitated 24 meritorious students of classes 10th and 12th for 2024-25 for their excellence in Sanskrit education. The first, second, and third place holders were presented with Rs 5100, Rs 4100 and Rs 3100, respectively.
The Water and Sanitation Agency (Wasa) declared a drought emergency in the city on Saturday to manage the water needs of the inhabitants, following the drought alert issued by the Pakistan Meteorological Department, which warns of the lowest likelihood of rain in February and March.