Mumbai: The Reserve Bank of India (RBI) will soon come out with a concept paper on peer-to-peer (P2P) lending, and will hold consultations with capital markets regulator Securities and Exchange Board of India (Sebi) before finalizing the rules, deputy governor R. Gandhi said on Monday.

“A concept note on P2P lending will be put up on the RBI website for public comments shortly,” Gandhi said at a non-banking finance company (NBFC) event organized here by an industry body. Based on the feedback, the contours of P2P lending will be decided in consultation with the Sebi, he said.

New Delhi: India has cancelled the visa given to a leading Chinese dissident to participate in a conference in Dharamsala, apparently after China objected to it.

“We have cancelled the visa given to Dolkun Isa,” a home ministry spokesperson on Monday said without elaborating further. Isa, a leader of World Uyghur Congress (WUC), who lives in Germany, had been invited for the conference being organised by US-based ‘Initiatives for China’.

The benchmark BSE Sensex and NSE Nifty plunged 159.21 points and 44.25 points on Monday on account of selling pressure in energy, metal, oil and gas sectors amid lower Asian cues. Sensex closed 0.62 per cent down at 25,678.93, while Nifty 50 index settled 0.56 per cent down at 7,855.05. Investors remained cautious ahead of the central bank meetings in the US and Japan this week for future policy moves. Depreciation in Indian rupee too dampened sentiments.

Tata Motors, India's largest automobile company, is undergoing a slow but steady transformation in its cars to woo more women customers.

As the company spokesperson said: "Gears are finally shifting in the automotive marketing world's attitude towards women, showcasing that women represent a huge opportunity for this industry".

State-owned fuel retailer BPCL has got green nod for its Rs 694-crore project of developing LPG import terminal as well as storage, bottling and bulk distribution facilities at Haldia Dock Complex in West Bengal.

At present, domestic production of LPG is around 12.38 million metric tonne per annum (mmtpa), much lower than the estimated demand of 18.65 mmtpa for this year. The proposed project aims to boost supply and help achieve the government's target of making LPG available to each household by 2018.

New Delhi: In an effort to make life simpler for income tax payers, the government is looking to reduce the time under which an assessment of an individual's tax returns picked up for random scrutiny is completed to one year.

Currently, assessment of tax returns picked up through a system of computer-driven scrutiny can be completed in two years after the close of the assessment year. This means scrutiny of returns for the financial year 2014-15, which is assessment year 2015-16 that ended on March 31, can be completed till March 2018.

New York: Did you know Microsoft makes smartphones? It does! But it shouldn’t anymore.

It has been almost two years since Microsoft became a smartphone company by buying pieces of cellphone pioneer Nokia. The $9.5 billion deal was Steve Ballmer’s 137th attempt to make Microsoft relevant in consumer computing beyond personal computers (PCs).

Keen on improving travelling experience on the highways, the National Highways Authority of India (NHAI) is considering to offer a clutch of user-friendly amenities including cleaner toilets, speed monitoring and free Wi-Fi.

Plans are also afoot to put in place a well-equipped patrolling system and providing ambulances with all basic needs to take care of victims of road accidents.

State-run BSNL today said various energy conservation measures adopted by it have resulted in a cumulative saving of Rs. 613 crore from April 2008 to March 2016.

The company said it has been honoured with eight national-level energy conservation awards, given by the Power Ministry, and 26 state-level awards given by various state governments in recognition of its energy conservation and demand side management initiatives.

MUMBAI: Reliance Industries is rolling out a cocktail of initiatives to retain talent, allowing career rotation and vertical growth within the oil to telecom conglomerate.

Under its Career Acceleration Program (CAP), the group will allow employees to chart their career growth by changing their business functions after a series of tests and interviews. The 'Step Up' programme will help an employee grow within the same function, with him getting some mentoring to gear up for the next level quickly.

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