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He said even today those who give applications to set up ARCs have to justify how they consider themselves fit and proper to be ARC sponsors to get a license. There are 25 ARCs operating in the country at present. Mishra said there is a need to deepen the market for security receipts which are issued by ARCs by developing a secondary market and also allowing more players. On the peer-to-peer (P2P) lending, he said RBI has got several applications and is in the process of giving licenses to that qualify.",
Meanwhile, Chennai and nearby areas are likely to receive light to moderate rain with thunderstorms and lightning in the next 48 hours.",
Despite the start of winter vacations from Saturday, the High Court will hear the matter on Saturday.",
Actor Jeremy Renner has been doing his best to recover from the injuries he sustained in the snow plow accident. On Monday, the Marvel star shared a video of him improving his leg strength with the help of a Technogym bike on Monday."
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Though the new bio-based tires are first produced as prototypes,motorists may be driving on them within the next few years.",
The broader NSE Nifty climbed 151.45 points or 0.83 per cent to end at 18,420.45.",
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.",
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>The Bharuch district police has booked the accused Maulvi Abdul Rahim Rathod, who is a cleric of Daru Uloom Barkat-e-Khwaja for “promoting enmity” after his social media post describing the Islamic “ritualistic procedure” for animal sacrifice enlisted the cow among other slaughter animals such as camels and buffaloes. Notably, the cleric was out on bail after his arrest in a 2022 case for alleged conversion of tribals in the district."
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