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SAARC Development Fund (SDF) plans to tap financial markets as it aims to become a full-fledged regional development bank in the near future, its CEO Sunil Motiwal said Tuesday. With an authorised capital of USD 1.5 billion and a total capital base of USD 500 million, the SDF is working to enhance its credit portfolio to USD 300 million in the next few years by financing a range of projects including renewable sources, transportation, telecom and environment in the SAARC region.",Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC.",Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020.",Tamil Nadu Governor R N Ravi’s remarks that the stature of freedom fighters has been reduced to that of caste leaders has kicked up a storm in the state. The ruling DMK government slammed Ravi for such “false remarks” and criticised the BJP for supporting the latter’s comments.",Another 50 unauthorised industrial sheds too have been sealed. ",As a long-standing bookmaker, constantly proves its reliability and quality by always being in the top most searched bookmakers.⚡,India’s largest private port operator reported a 5.1% rise in net profit at 11.59 billion rupees from a year ago, while its revenue from operations surged nearly 40%.",After almost two years, the designer Stéphane Rolland said he felt it was time to get back to an in-person show for his new couture collection.",While the urban unemployment rate was at 10 per cent during the last month of 2022, rural joblessness stood at 7.5 per cent during December.",HTC Vive uses Valve’s Steam VR tracking and input technologies for its VR experience. The device ships with wireless VR controllers, room scale movement, and headset that features built in camera. The full room scale 360 degree solution in Vive along with tracked controllers lets users walk around and explore virtual space from all angles. The headset features high quality graphics, 90 frames per second video and high audio fidelity.",WhatsApp said the fine was “entirely disproportionate” and that it would appeal. Still, the Irish fine is significantly less than the record 6.6 million euro fine meted out to Amazon by the Luxembourg privacy agency in July.",ensures transparency and fairness in every game, with results checked and verified by independent bodies.⚡.