ATM Cash withdrawal rules: This step will be especially beneficial for those customers who are unable to withdraw money due to technical reasons, haste or carelessness. This is an important step taken by RBI keeping in mind the safety of customers.
If you are afraid to withdraw money from ATM, then this news is for you. Actually, the facility of cash refund is being restarted in selected ATMs across the country. Under this facility, if the customer does not take the money withdrawn from the ATM within the stipulated time, then the machine will withdraw that money. This step has been taken by the Reserve Bank of India (RBI) with the aim of protecting customers and preventing fraud. Initially this facility will be implemented at selected ATMs and gradually it will be implemented at all ATMs.
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What is cash refund facility?
With the help of cash refund facility in ATM, if the customer does not withdraw his cash within the stipulated time, then this money goes back to the machine. Earlier this facility was misused, due to which RBI had closed this facility in the year 2012.
How will this facility work?
If you withdraw money from an ATM but do not withdraw the money within the stipulated time (usually 30 seconds), the ATM machine will take back the amount. After this, it will be ensured that the same amount is credited to your account again.
Benefits for customers
If a customer accidentally leaves the money, no one else will be able to take it. And this money will be returned to your account. This rule is being brought to make ATM transactions secure, to reduce cases of fraud. Let us tell you that fraudsters used to close the ATM by putting a fake cover in front of the cash-tray, so that the cash gets stuck in the machine and the customer does not see it. Even in such a situation, customers will not suffer any loss and their money will go back to their account.
This step will be especially beneficial for those customers who are unable to withdraw money due to technical reasons, haste or carelessness. This is an important step taken by RBI keeping in mind the safety of customers.
Many people who suffer an injury expect that hiring a personal injury lawyer will be easy. However, most experienced personal injury lawyers are selective about the cases they take. They invest much time and money into each case, so they must carefully evaluate the risks and potential rewards before agreeing to representation.
To put this into context, statistics show that around 39.5 million personal injury cases needing medical treatment occur in the United States every year. That comes out to approximately 126 cases for every 1,000 Americans annually. With such a high number of potential cases, it is not feasible for lawyers to accept them all.
In personal injury law, liability refers to fault. To recover damages, your lawyer must prove the defendant is legally liable for your injuries. If liability is unclear, it will be difficult to prove your case and obtain a favorable verdict or settlement. For example, if you slip and fall in a store—over 1 million Americans suffer a slip and fall each year—you must show the owner failed to maintain safe conditions. If you cannot prove exactly what caused your fall or how long the hazard existed, the store may not be liable. Since proving liability will be an uphill battle, many lawyers will avoid cases with questionable liability.
Low Policy Limits
Most personal injury claims are paid by insurance policies. If the at-fault party has only minimal coverage, financial recovery will be limited even if you win. For severe injuries, a policy limit of $30,000 or $50,000 may not adequately compensate the victim. From a lawyer’s perspective, investing time and resources in a case that cannot pay more than a minimal settlement often makes little economic sense.
Poor Damages
Juries determine damages (monetary compensation) based on the severity of injuries and effects on the victim’s life. Although there were 3,740 mild soft tissue injuries reported in workplace accidents in 2020, they rarely result in large verdicts. Cases involving minor sprains, minor cuts, or brief pain generally have low settlement value. Severe, permanent injury typically yields higher damages. If a lawyer does not expect your case to result in substantial compensation, the risk of accepting your case may outweigh the potential reward.
Problematic Evidence
The strength of evidence can make or break a personal injury claim. Witnesses, medical records, accident reports, and other documentation prove liability and damages. If the evidence is unclear or contradictory, it becomes harder to establish your case. For example, gaps in medical treatment or conflicts between your doctors’ opinions may undermine your injury claims.
Poor documentation or lack of independent witnesses can also weaken evidence of liability. Since problematic evidence increases the risk of losing, many lawyers reject these cases.
Personal injury lawyers are advocates, but they also run businesses. They cannot afford to accept cases that are unlikely to succeed or have limited financial potential. While you may feel wrong, a personal injury attorney needs strong evidence and damages to warrant accepting your case. If one lawyer refuses your case, seek a second opinion, but understand it may be an uphill battle.
It’s important to note that just because a lawyer declines to take your case does not necessarily mean you do not have a valid claim. You may need to find the right lawyer.
January 4th, 2025: Skill Development and Entrepreneurship Department of Sanjay Ghodawat Institute, Atigre Campus, Kolhapur organized a guidance program for its students, to raise awareness of self-employment, self-reliance, and entrepreneurship development. Guide Umakant Doifode explained valuable knowledge regarding schemes run by the government in Khadi and village industries and elaborated on the necessity of PTA skill development training in the growth of small-scale industries.
Prof. Ajay Konge, Head of the Skill Development and Entrepreneurship Department, briefed about the various trainings available in the institute. He elaborated on the criteria for choosing relevant training courses and explained the benefits of certification courses in enhancing one’s career. The program sought to motivate the students to think of entrepreneurial initiatives and develop skill sets.
The event witnessed active participation from dignitaries such as Prof. D. R. Patil, Head of the Engineering Degree Civil Department, and Prof. Avinash Patil, Group Director of the ITI Department. Their presence, along with enthusiastic students aspiring to establish businesses, added value to the session. Special guest Pvt. Sujith Mohite shared motivational insights, encouraging students to embrace entrepreneurship with confidence.
The program closed with Sanjay Ghodawat, President of Sanjay Ghodawat University, along with Trustee, Vinayak Bhosle, and Virat V. Giri, Institute Director. Such a program supports the institute to develop their students’ abilities for skill sets, and entrepreneurial growth and contributes more significantly to growth and development for economic and social contributions.
SBI New Deposit Schemes: State Bank of India (SBI) has launched 2 new deposit schemes for its customers. These include 1 RD scheme ‘Har Ghar Lakhpati’ and FD scheme ‘SBI Patrons’.
What is Har Ghar Lakhpati Scheme (SBI Har Ghar Lakhpati)?
Keeping in mind the widespread aspiration of financial security, SBI said in a statement that ‘Har Ghar Lakhpati’ is a pre-calculated recurring deposit scheme designed to help customers make deposits of Rs 1,00,000 or its multiples. The bank said that this product simplifies the process of achieving financial goals, allowing customers to plan and save effectively.
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What are SBI Patrons?
Apart from this, the bank also introduced a special fixed deposit scheme ‘SBI Patrons’ for senior citizens aged 80 years and above. It offers enhanced interest rates keeping in mind the long-standing relationship of many senior customers with the bank. ‘SBI Patron’ is available to both existing and new fixed deposit customers.
Senior citizens will get 0.1% more interest
‘SBI Patrons’ depositors will get 0.1 percent more interest than the interest rate given to senior citizens, while the recurring deposit scheme will be similar to the rates given on fixed deposits. Currently, the fixed deposit rate is 6.80 percent for a period of more than one year, seven percent for a period of more than two years, 6.75 percent for a period of more than 3 years and less than 5 years and 6.5 percent for 5-10 years.
The minimum period of recurring deposit is 12 months (one year) and the maximum period is 120 months (10 years).
SBI has a market share of around 23 per cent in deposits. These innovative offerings demonstrate the bank’s resolve to prioritise innovation and strengthen its market leadership in deposits.
SBI Chairman CS Setty said, “Our aim is to create goal-oriented deposit products that not only enhance financial returns but also align with the aspirations of our customers. We are redefining traditional banking to make it more inclusive and impactful.”
Meanwhile, the bank has announced the launch of TAB-based end-to-end digital on-boarding process to simplify the process of opening NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts for Non-Resident Indians (NRIs).
This initiative is available at SBI branches in India and select overseas offices, using digital tools to enhance the efficiency and convenience of account opening.
Today market analysis on behalf of Ramy Zeytouni market analyst at Ramy Zeytouni llc
4th January 2025
Gold prices held steady following two consecutive sessions of gains, positioning the precious metal for a positive weekly close. Recent gains have been supported by heightened geopolitical tensions and growing economic uncertainty.
Market participants are closely monitoring upcoming U.S. economic indicators, particularly the nonfarm payrolls report and the Federal Reserve’s meeting minutes. These data points could provide further insights into the direction of monetary policy, especially considering the Fed’s recent adjustment to its rate cut projections for 2025. Additionally, today’s U.S. manufacturing reports are under scrutiny and could affect market sentiment to a certain extent.
The outlook for gold remains strong, driven by robust demand from central banks, which continue to maintain record levels of purchases. This sustained interest is expected to persist as global uncertainties fuel cautious investor sentiment, reinforcing gold’s role as a safe-haven asset during periods of market volatility.
Hyderabad, January 04, 2025: APTA KATALYST 2025, the biggest-ever Telugu NRIs Global Business Conference with the theme Connect, Collaborate, Create, kicked off formally at Hitex on Friday night.
The program began with Ganesh Vandana, an opening act and a couple of other performances by Bosco Dance.
Former Minister of AP Botsa Satyanarayana, Mandali Budhaprasad, former Deputy Speaker of AP and others graced the evening.
Botsa Satyanarayana speaking to the audience asked APTA members to give encouragement to budding entrepreneurs and lift them and make them as successful as you are.
Mandali Budhaprasad said seeing business captains together on single dias is a great effort. Everybody present here has a great success story and personality development story.
Dr. Subbu Kota, Honorary Conference Chairman
Speaking on the occasion Dr. Subbu Kota, Honorary Conference Chairman said wealth can be created only because of great ideas and entrepreneurship. There is no other way I found to create wealth. This conference is a great opportunity for Indian and Telugu youth. This conference is going to create a Tsunami of entrepreneurship particularly in rural India.
Ramesh Thumma, the Business Forum Chair said from 100 entrepreneurs APTA Business Forum has grown to 800 entrepreneurs. As a run-up to the APTA KATALYST GLOBAL BUSINESS CONFERENCE, we have conducted over ten business meets, mostly in Hyderabad and others in Vijayawada, Amaravathi and Visakhapatnam and reached out to over 2500 entrepreneurs. These local business meets resulted in business tractions of over INR 400 crore. This has paved the way for the current conference, which we might continue once every two years, he added.
Over 1000 Telugu-origin delegates from over 10 countries such as the USA, Germany, Singapore, Australia and others descend on Hyderabad for a conference. The business sessions will begin on 4th January.
Convenor Sagar Lagisetti said the five key areas of the Global Business Conference, according to APTA are 01. Knowledge Sharing and Mentoring, 02. Networking, 03. Partnerships and Collaborations, 04. Startup Ecosystem and 5. Enable and Grow Businesses. The business conference in the future is expected to generate business transactions worth over five lakh crore.
The meeting has five parallel sessions on different verticals of the business starting on Jan 4, Real Estate Investment in India: Trends; Opportunities and Challenges Opportunities in Renewable Energy: Solar and Alternative Fuels; Pharma Industry Insights: Challenges and Opportunities for Aspiring Entrepreneurs; Valuations, Fundraising, and Exit Strategies for Startup; From Vision to Victory – Taking Your Company Public & Setting up NBFCs; Opportunities in India’s $313 Billion Education Sector by 2030; Empower Your Professional Journey: Must-Have Skills for Women in Business Today; Women in Cinema; India’s Semiconductor Push: Building a Robust Chip Manufacturing Ecosystem; Media Revolution: Transforming media in Digital Era are some of the interesting panel discussions lined up in the three days meet.
Over 100 distinguished speakers and panelists are expected to address 42-plus sessions. Some of the keynote speakers and panelists include Anil Chalamalasetti, Sekhar Puli, Nalli Durga Rao, Dr Bondada Raghavendra Rao, Srini Bayireddy, Bhaskar Gangipamula, Umesh Kunapureddy, Murali Kottu, Swapna Kumar Yenugu, R V Chakrapani, Bhaskar Krishnamsetty, Kumar Vidadala, BV Naidu, Rameshwara Rao Chandana, Dr. Jagadish Babu Rangisetty, Dr. N Venkateswara Rao, Pradeep Vajram, Sanjay Kamatam, Simhadri Venkata Sudhakar, Sudhakar Palisetti, CS Rao, Kavitha Akula, Parvathi Kollipara, Dr. Soujajya Vidadala, Lalitha Byra, Narendra Kumar Nambula, Bobby Allu, Midde Shanthiram, Baldwin Venugopal and several others. They are accomplished entrepreneurs from diverse verticals and spread their businesses across the globe.
The conference’s focus areas include Technology, Green Energy, Education/Medical Education, Tourism and Hospitality, Health, Skill Development, Aquaculture, Agriculture, Global Trading, Manufacturing with a focus on Make in India and Semiconductors, IPOs, Banking, Taxation, Finance, etc.
The Katalyst Business Pitch Competition (KBP) finals will be held during the conference. Over 100 startups registered for the competition, of which 16 were shortlisted for a final pitch during the business conference shared by Hari Gaddam and Kamal Sakamuri, the chairmen of KBP.
The highlight of this competition was the focus on rural entrepreneurship due to which 10 team applied for pitching and four qualified for finals.
The Venture Capitalists, Aroa Ventures, SucSeed and APTA Angels will vet their ideas, and if found investment-worthy, they will invest up to $ 10 million. The first three winners will walk away with 2.5, 1.5 and 1 lakh respectively
The competition was open to both startups and early growth-stage businesses looking for investment to accelerate their growth and scale their operations. The startups competing are in areas such as 1. Emerging Technologies: AI, Machine Learning, Generative AI, FinTech, EdTech, SaaS; 2. Life Sciences: Biotechnology, Pharmaceuticals, Agriculture, Healthcare; 3. Energy & Utilities: Renewable Energy, Sustainable Solutions, Utilities; 4. Lifestyle & Consumer: eCommerce, Retail, Entertainment, Food & Beverages and 5. Open Category: For innovative ideas that don’t fit within the above segments. The winners of this competition will not only get prize money but will walk away with the funding.
Swan Energy Limited: The name of Anil Ambani’s company has now changed. This company will now be known by a new name from the new year. We are talking about Reliance Naval and Engineering Limited (RNEL).
Actually, Swan Energy Limited said in the exchange filing that the acquired company Reliance Naval and Engineering Limited (RNEL) has been renamed as ‘Swan Defense and Heavy Industries Limited’. The name change has been implemented from January 02. Let us tell you that Swan Energy Limited completed the acquisition of Anil Ambani’s company Reliance Naval and Engineering last year. Trading of shares of Reliance Naval and Engineering on BSE is closed and the last share price is Rs 2.27.
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What is the detail
Let us tell you that last year, Swan Energy Limited acquired the erstwhile Anil Ambani Group company Reliance Naval and Engineering (RNEL). With the help of the new acquisition, Swan Energy Limited plans to transform itself into the largest private company in the construction of naval defense and oil and gas ships. It will also aim to become the largest player in green ship-breaking, ship repair and a hub of global manufacturing in the Asia Pacific region.
Swan Energy, in partnership with businessman Nikhil Merchant and his family, and Hazel Mercantile Limited, acquired RNEL through a special purpose vehicle. In December 2023, the National Company Law Tribunal approved a Rs 2,100 crore bid for RNEL. Swan Energy, a diversified business group with interests in oil and gas, real estate and textiles, holds a 74% stake in the SPV, while Hazel Mercantile holds the rest.
condition of shares
Shares of Swan Energy Limited rose over 2% to Rs 758.75 in early trade today, Friday. The stock’s 52-week high is Rs 809.70 and 52-week low is Rs 437.80.
India well-positioned to see significant growth in agricultural export in 2025: ReportIANS
With the government’s focus on infrastructure development, technological advancements and initiatives to promote exports, India is well-positioned to see significant growth in its agricultural export sector in 2025, according to a report on Friday.
Farmer Producer Organisations (FPOs) have emerged as a powerful tool for improving the economic well-being of Indian farmers, especially smallholders, according to the report by Praxis Global Alliance.
By pooling resources, FPOs help farmers achieve collective bargaining power, providing access to quality inputs at lower costs and facilitating market access.
“One of the most successful examples of an FPO model is Amul, the dairy cooperative, which has empowered millions of small farmers by providing them with fair prices and access to a vast market network,” said Akshat Gupta, Practice Leader, Food and Agriculture at Praxis Global Alliance.
India’s agriculture sector remains a cornerstone of its economy, employing approximately 42 per cent of the population. Its contribution to GDP stands at 18 per cent.
Govt doubles FCI’s authorised capital to Rs 21,000 cr in big boost to farm sectorIANS
According to the report, with the establishment of Mega Food Parks and investing in cold chains, India can significantly reduce post-harvest losses and increase the shelf-life of its produce, enabling it to access high-value international markets.
Australia’s success in expanding agricultural exports is largely due to the Farm Export Facilitation Program (FEFP), which improves logistics, establishes export hubs, and enhances market access through better trade agreements.
“By streamlining regulations and supporting infrastructure, Australia has significantly boosted exports. India could replicate this model, addressing regulatory bottlenecks and providing infrastructure support,” added Madhur Singhal, Managing Partner, Food and Agriculture at Praxis Global Alliance.
Investments in value-added technologies can significantly increase export revenues. For example, converting raw milk into products like milk powder, whey protein, and cheese open up lucrative international markets.
Countries like New Zealand have successfully diversified dairy exports by investing in milk-processing technologies. Similarly, India can focus on processing high-value crops like fruits into juices and concentrates or producing essential oils from spices and dairy into powders and cheeses to cater to niche export markets.
Private companies play a key role in improving India’s agricultural competitiveness. Through investments in technology and innovation, several new initiatives can be taken up that ensure farmers optimize yields and reduce costs and postharvest losses.
“Looking ahead to the next year, there is a sense of optimism,” the report mentioned.
Centre clears incentive claims for Tata Motors, M&M under PLI schemeIANS
The Ministry of Heavy Industries has approved incentive claims of Rs 246 crore submitted by Mahindra & Mahindra (M&M) and Tata Motors under the Rs 25,938 crore PLI scheme for the automobile and auto components industry, a senior official has confirmed.
Tata Motors had submitted a claim for incentives to the tune of approximately Rs 142.13 crore based on determined sales in FY 2023-24.
The eligible sales of Advanced Automotive Technology (AAT) products from Tata Motors, valued at Rs 1,380.24 crore, include the Tiago EV, Starbus EV and small cargo vehicle Ace EV.
Similarly, M&M submitted an incentive claim of Rs 104.08 crore based on determined incremental sales of AAT products with a total value of Rs 800.59 crore for FY 2023-24, with a cumulative investment of Rs 978.30 crore. The eligible sales from the company’s e3W models include Treo, Treo Zor, and Zor Grand models with a total turnover of Rs 836.02 crore.
The total incentive claims from Tata Motors and M&M added up to around Rs 246 crore, which were examined and recommended for approval by the Project Management Agency (PMA). These claims have now been cleared by the Ministry of Heavy Industries (MHI), the official said.
Minister for Heavy Industries H. D. Kumaraswamy has expressed satisfaction with the progress made by auto original equipment manufacturers (OEMs) toward achieving localised manufacturing.
He also congratulated Tata Motors and M&M for developing this capability and hoped that more applicants would take advantage of the PLI scheme to increase investment and production of environment-friendly green vehicles.
The scheme aims to enhance India’s manufacturing capabilities in AAT products, address cost disabilities, and establish a robust supply chain.
Union Cabinet approved the PLI-Auto Scheme in September 2021 with a budgetary outlay of Rs 25,938 crore for a period of five years (FY2022-23 to FY2026-27). The incentive disbursements of the scheme are scheduled from FY 2024-25 to FY 2028-29.
Tata Motors & Mahindra developed green vehicle capabilities, boosting India’s eco-friendly ride initiativePR handout
The PLI-Auto Scheme aims to boost the manufacturing of Advanced Automotive Technology (AAT) Products and promote deep localisation for AAT products with the creation of domestic as well as global supply chains.
Under this scheme, incentives of 13-18 per cent are offered for components related to electric vehicles and hydrogen fuel cells, while other AAT components receive incentives of 8 per cent and 13 per cent.
As of September 2024, the scheme already facilitated an investment of Rs 20,715 crore, leading to incremental sales of Rs 10,472 crore, according to official figures.
The scheme sets a minimum requirement of 50 per cent domestic value addition as eligibility for both domestic and export sales.
The approved applicant has to submit the Domestic Value Addition certificate duly cost audited by an external auditor and self-certified by the authorized representative of the approved applicant through the PLI Auto Portal in the prescribed format.
Maghi Purnima Train Schedule: Maha Kumbh is going to start in Prayagraj, Uttar Pradesh in a few days from now. Maha Kumbh is going to start in Prayagraj from 13 January. Maha Kumbh has great importance in Hinduism.
This year millions of devotees will participate in Maha Kumbh. Maghi Purnima will be celebrated on 12 February this year. This day is very auspicious and important and taking bath in Maha Kumbh on this day gives very auspicious results.
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That is why many devotees will go to Prayagraj on this day and take a bath in the Maha Kumbh. North Central Railway will run special trains for devotees to take a bath on the occasion of Maghi Purnima. Let us tell you the complete schedule of trains on Maghi Purnima festival for Maha Kumbh. Know when you will get trains from which route.
So many trains will run from these cities
The North Central Railway has released a list of special trains for the Maha Kumbh bath on Maghi Purnima. CCPRO Shashikant Tripathi said that for Maghi Purnima, a total of 247 trains will be run for this festival, including DDU 59, Kanpur 56, Satna 49, Banaras 35, Jhansi 16, Ayodhya 16, Lucknow 10, Jaunpur 8.
Special trains for Kanpur route
Train number 00101 Prayagraj-Kanpur Central will run from Prayagraj Junction at 5 am. This train will reach Kanpur at 10:15 am.
Train number 00102 will depart from Prayagraj at 4:05 pm
Train number 00103 will depart from Prayagraj at 7:50 pm
Train number 00104 will depart from Prayagraj at 9:30 pm
Train number 00201 will leave from Prayagraj Junction for Mughalsarai station at 9:30 am
Train number 00202 will depart from Prayagraj at 12:00 noon
Train number 00203 will depart from Prayagraj Junction at 3:30 pm
Train number 00204 will depart from Prayagraj Junction at 6:00 pm
Train number 00205 will depart from Prayagraj Junction at 7:30 pm
Train number 00206 will depart from Prayagraj Junction at 9:30 pm
Train number 00401 will depart from Chheoki at 8:30
Train number 00302 will leave for Jhansi from Prayagraj Junction at 1:30 pm
Train number 00501 will leave from Chheoki for Chitrakoot at 4:45 pm
Train number 00602 will leave from Naini station at 6:00 pm for Chitrakoot
These trains will go to Madhya Pradesh
Train number 00301 will leave from Prayagraj Junction for Katni at 10:40 am
Train number 00303 will depart from Prayagraj Junction at 8:15 pm
Train number 00502 will depart from Shivki at 8:55
Train number 00602 will depart from Naini at 9:00 pm
These trains will run between Dehradun and Prayagraj
Dehradun Prayagraj special train will leave from Dehradun on 18 January at 8:10 am and will reach Prayagraj at 11:50 pm. This special train will leave from Dehradun on 18, 21 and 24 February and on 9, 16 and 23 February. Apart from this, the train will leave from Prayagraj’s Phaphamau station for Dehradun at 8:10 am on 19, 22 and 25 January. This train will run on 10, 17 and 24 January.
January 4th, 2025: Skill Development and Entrepreneurship Department of Sanjay Ghodawat Institute, Atigre Campus, Kolhapur organized a guidance program for its students, to raise awareness of self-employment, self-reliance, and entrepreneurship development. Guide Umakant Doifode explained valuable knowledge regarding schemes run by the government in Khadi and village industries and elaborated on the necessity of PTA skill development training in the growth of small-scale industries.
