 "The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.")
The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...
 "Elon Musk clashes with Justice de Moraes after Brazil’s court halts X, calling the judge an “evil dictator” amid fines.")
Elon Musk’s social media platform, X, and his satellite company, Starlink, had their bank accounts unfrozen by Brazil’s Supreme Court after settling over $3 million in fines. The court had previously ordered the accounts frozen when Musk failed to comply with instructions to remove accounts spreading false information. Justice Alexandre de Moraes, who made the ...
 "IndiGo faces drama as passengers eat on the tarmac; BCAS fines reduced from ₹1.2 crore to ₹70 lakh post-appeal.")
IndiGo Airlines has paid a reduced penalty of Rs 70 lakh imposed by the Bureau of Civil Aviation Security (BCAS) following an incident on January 14, 2024, where passengers left an aircraft and sat on the tarmac at Mumbai airport, some even eating food. Initially, BCAS fined the airline Rs 1.2 crore for the breach ...
