IRCTC Cracks Down on Fake Food Delivery Networks: 14 Unauthorized Apps & Websites Shut Down to Protect Train Passengers
In a major move aimed at protecting railway passengers from food fraud and cybercrime, the Indian Railway Catering and Tourism Corporation (IRCTC) has permanently shut down 14 unauthorized websites and mobile applications involved in illegal food delivery services on trains. The corporation has also initiated criminal proceedings against these fake e-catering operators.
The action is being viewed as one of IRCTC’s strongest crackdowns against fraudulent food delivery networks oper
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IRCTC Cracks Down on Fake Food Delivery Networks: 14 Unauthorized Apps & Websites Shut Down to Protect Train Passengers - Jun 10,2026
Dollar-Rupee Swap Facility for NRIs: Earn Up to 7% Returns on Foreign Deposits—Know Eligibility, Benefits & How It Works - Jun 10,2026
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Dollar-Rupee Swap Facility for NRIs: Earn Up to 7% Returns on Foreign Deposits—Know Eligibility, Benefits & How It Works - Jun 10,2026
India’s foreign exchange landscape is set for a major boost after the Reserve Bank of India (RBI) introduced a special Dollar-Rupee swap facility for banks accepting FCNR(B) deposits from Non-Resident Indians (NRIs). The move is expected to attract billions of dollars into India while offering NRIs higher returns of up to 7% on foreign currency deposits. RBI Launches Dollar-Rupee Swap Facility for NRIs The new facility allows banks to raise fresh foreign currency funds through Foreign Currency Non-Resident (Bank) — FCNR(B) deposits and swap them with the RBI at concessional rates. The primary objective behind the scheme is to strengthen the rupee, improve foreign exchange reserves, and reduce hedging costs for banks. Under the mechanism, when NRIs deposit dollars with Indian banks, the banks transfer those dollars to th
