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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.",

Of the five assets, three will be physical paintings along with its non-fungible tokens (NFTs), and the remaining two will just be online assets. While the NFTs and physical paintings are priced at USD 110,000 (around Rs 85 lakhs), the NFT alone costs USD 5,000 (around Rs 4 lakhs).",

On Children’s Day, a little boy from Hyderabad Monday made a unique request for Telangana’s Municipal Administration Minister K T Rama Rao through a video, which caught his attention after being shared widely on social media.",

A revolutionary new technology that uses radio signals to track a person through walls and obstructions could change the way video games are played,scientists say."

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The war movie that abhors war has won an Oscar for best international film. All Quiet on the Western Front, starring Felix Kammerer and directed and co-written by Edward Berger, earned nine nominations, including best picture. It also won the Oscar for cinematography Sunday night.",

These adorable drawings are part of an ‘extraordinary royal memorabilia collection’ which includes 10 early drawings by the King and royal letters, family photos, Christmas cards, and a 1973 Buckingham Palace manuscript menu diary, according to the press release. “All were amassed mostly between the 1950s-1970s by author, journalist, and former royal correspondent Henry Ramsay Maule (1915-1981). Maule, from Reading, Berkshire, was the author of several books and worked as a British correspondent at the New York Daily News for 21 years specialising in royal stories. He also wrote, under a pseudonym, All The Queen’s Children, an authoritative book about Queen Elizabeth II’s offspring,” it added.",

Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",

In fact, a study published in the journal Psychological Science said that extrovert people on low incomes buy more luxury goods than their introvert peers to compensate for the experience of low financial status, new research has found. The study used real-life data from bank accounts in Britain to investigate the spending habits of richer and poorer people with different personality types."