Latest news with #DFS
Hindustan Times
2 hours ago
- Hindustan Times
2 boys killed in godown explosion in northeast Delhi; 1 boy, man still critical
A pair of siblings, aged four and seven, died early Sunday morning after being critically injured in a CNG cylinder explosion at a godown in Sunder Nagri, northeast Delhi on Saturday evening, police said. The victims' nine-year-old brother, and a 25-year-old godown worker, are still undergoing treatment in a hospital and are said to be critical, police added. The godown was used to store, repair and resell old CNG cylinders and was illegal since it was inside a residential building, police said. The explosion occurred at 4.30 pm, police said. 'The cylinder exploded during repairs, and the force blew open the godown's iron gate which then fell on three siblings, aged four, seven and nine, who were playing outside the godown. The explosion impact also gave two of the boys 85% and 90% burns. A godown worker, identified as Mohammad Arshad, a resident of Sunder Nagri, also suffered injuries. Locals called us and when we arrived, we learned that the injured had been admitted to Guru Teg Bahadur Hospital in Dilshad Garden. The two boys who suffered burns succumbed to their injuries today,' said an investigator. The boys were identified as Raja, 4, Sakib, 7, and Abbas, 9, said Delhi Fire Service officials. Their parents work as tailors in Nand Nagri, police said. Police said that crime and forensic teams examined the scene to ascertain the cause of the blast and assess the extent of damage. 'The building consists of a ground floor and three upper floors. Two fire tenders were rushed to the spot immediately. The shop on the ground floor was illegally storing CNG cylinders in a residential building. Such practices are extremely dangerous,' said Atul Garg, director, DFS. 'Preliminary findings suggest negligence in handling inflammable material. We have already initiated legal proceedings against the godown owner,' said deputy commissioner of police (northeast) Ashish Mishra, adding that a case under sections 287 (negligent conduct with respect to fire), 125A(negligent conduct), 326G (mischief by explosive substance) and 106 (1) (causing death by negligence) of the Bharatiya Nyaya Sanhita was registered at Nand Nagar police station. When asked about the establishment being illegal, the municipal corporation of Delhi (MCD) did not respond to HT's request for a comment.
New Indian Express
2 days ago
- Business
- New Indian Express
Centre urges RBI to shield small gold loan borrowers; Tamil Nadu CM Stalin welcomes move
CHENNAI: Following concerns raised, mainly from Tamil Nadu, that the proposed norms for gold loans issued by the Reserve Bank of India will seriously affect small borrowers, the Department of Financial Services (DFS) functioning under the Union Ministry of Finance on Friday said that it has suggested to the RBI to ensure that the requirements of small gold loan borrowers are not adversely affected. Leaders of parties across the political spectrum in Tamil Nadu had expressed concerns over the draft norms. Chief Minister MK Stalin on Wednesday wrote a letter to Union Finance Minister Nirmala Sitharaman, requesting her urgent intervention as the rules would disrupt access to credit, especially for farmers, and affect rural economy. He objected in particular to the rule to prohibit banks from accepting gold as security for agricultural loans of up to Rs 2 lakh. A statement from DFS on Friday said the new guidelines — Draft Directions on Lending Against Gold Collateral — will need time to be implemented at the field level and hence may be suitable for implementation only from January 1, 2026. It further said it 'has suggested that small ticket borrowers below `2 lakh may be excluded from the requirements of these proposed directions to ensure timely and speedy disbursement of loans for such small borrowers'. Welcoming the announcement, CM Stalin said protecting the interests of small borrowers and ensuring timely and accessible credit to them have been his consistent demands. The CM also emphasised that such policies, having a significant impact on the poor, should be arrived at after prior consultation with states.
Economic Times
2 days ago
- Business
- Economic Times
No collateral damage: Finance ministry wants relief for small gold loans
RBI Reviewing Feedback Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The finance ministry has suggested that the Reserve Bank of India (RBI) exempt small borrowers, seeking credit below Rs 2 lakh , from its draft directions on lending against gold collateral to ensure speedy disbursal of such loans. It also said the proposed rules should be implemented from January 1, ministry's suggestions, in a post on X on Friday, came in response to the draft guidelines put out by the banking regulator for public comments on April 9. RBI had sought comments by May 12. RBI also proposed in the draft guidelines that the maximum loan to-value ratio be capped at 75% for consumption gold loans and for all gold loans sanctioned by nonbanking finance companies, irrespective of the purpose for which the loan has been draft guidelines have been examined by the Department of Financial Services (DFS) in the finance ministry under the guidance of finance minister Nirmala Sitharaman , the ministry said on X, adding that suggestions had been forwarded to the RBI to ensure that the requirements of small gold loan borrowers are not adversely affected.'The DFS has suggested that small ticket borrowers below Rs 2 lakh may be excluded from the requirements of these proposed directions to ensure timely and speedy disbursement of loans for such borrowers,' the ministry said in its post.'The Department of Financial Services has also stated that such guidelines will need time to implement at the field level and hence may be suitable for implementation only from January 1, 2026,' it ministry said it is expected that the concerns raised by various stakeholders, as well as the feedback received from the public, will be duly considered by the RBI before finalising the directions. The RBI is reviewing the feedback received on the draft guidelines, it of companies with significant gold loan portfolios reacted positively to the finance ministry's statement.
Time of India
2 days ago
- Business
- Time of India
No collateral damage: Finance ministry wants relief for small gold loans
The finance ministry has suggested the RBI to exempt small borrowers seeking loans below Rs 2 lakh from its draft directions on gold collateral lending, aiming for quicker disbursal. They also proposed implementing the rules from January 1, 2026, citing the need for field-level adjustments. This came after reviewing the RBI's draft guidelines and considering stakeholder concerns. Tired of too many ads? Remove Ads RBI Reviewing Feedback Tired of too many ads? Remove Ads The finance ministry has suggested that the Reserve Bank of India (RBI) exempt small borrowers, seeking credit below Rs 2 lakh , from its draft directions on lending against gold collateral to ensure speedy disbursal of such loans. It also said the proposed rules should be implemented from January 1, ministry's suggestions, in a post on X on Friday, came in response to the draft guidelines put out by the banking regulator for public comments on April 9. RBI had sought comments by May 12. RBI also proposed in the draft guidelines that the maximum loan to-value ratio be capped at 75% for consumption gold loans and for all gold loans sanctioned by nonbanking finance companies, irrespective of the purpose for which the loan has been draft guidelines have been examined by the Department of Financial Services (DFS) in the finance ministry under the guidance of finance minister Nirmala Sitharaman , the ministry said on X, adding that suggestions had been forwarded to the RBI to ensure that the requirements of small gold loan borrowers are not adversely affected.'The DFS has suggested that small ticket borrowers below Rs 2 lakh may be excluded from the requirements of these proposed directions to ensure timely and speedy disbursement of loans for such borrowers,' the ministry said in its post.'The Department of Financial Services has also stated that such guidelines will need time to implement at the field level and hence may be suitable for implementation only from January 1, 2026,' it ministry said it is expected that the concerns raised by various stakeholders, as well as the feedback received from the public, will be duly considered by the RBI before finalising the directions. The RBI is reviewing the feedback received on the draft guidelines, it of companies with significant gold loan portfolios reacted positively to the finance ministry's statement.
NDTV
2 days ago
- Politics
- NDTV
Bomb Threats At Delhi's Udyog Bhawan, Nirman Bhawan Turn Out To Be Hoax
New Delhi: Threats via e-mails to blow up two government buildings in central Delhi -- Udyog Bhawan and Nirman Bhawan -- prompted security agencies to carry out an extensive sanitisation exercise. The threat later turned out to be a hoax. The threat, sent via email at 6.49 am to senior officials at the two central government complexes, claimed that "ammonium sulfur-based Improvised Explosive Devices (IEDs) have been twinned" within the premises and warned, "Evacuate All by 3.15 pm." The "suicide IEDs" threat was issued through identical e-mails sent at 6.49 am to the top officials of the ministries housed in the two facilities. Udyog Bhawan houses offices of the Ministry of Commerce and Industry along with the Ministry of Heavy Industries, while Nirman Bhawan is home to the Union Health and Housing and Urban Affairs ministries. Security officials told PTI that the hoax e-mails are suspected to have been sent from abroad, possibly Amsterdam, and the central cyber protection agencies are tracking their trail. The office of the secretary of Heavy Industries and officials from the adjoining Nirman Bhawan flagged the e-mail contents to security agencies including the Delhi Police, the Central Industrial Security Force (CISF) and the Delhi Fire Services (DFS). The CISF is tasked to provide a counter-terrorist cover to the two buildings. A multi-agency sanitisation and anti-sabotage check was initiated in the two Bhawans early this morning. No incriminating or suspicious items was recovered and the threat was declared a "non-specific or hoax" by late afternoon, security officials said. The official staff and other people present in the ministries housed in the buildings were not evacuated as per the standard operating procedure (SOP), they said. Around a dozen sniffer dogs, four bomb detection and disposal teams of the CISF, Delhi Police and Delhi Metro were pressed in for conducting the sanitisation exercise, they added. "The anti-sabotage operations lasted for around two hours till 5.10 pm. The threat has been declared hoax after thorough check of the premises," a DFS officer said According to fire service officials, they received a call regarding the threat email at 1.01 pm and a team of fire brigade was rushed to the spot. The security apparatus at the two buildings was further strengthened with CISF officers seen checking vehicles before allowing entry into premises and visitors being thoroughly checked.
