The FDA will decide on the approval of xanomeline-trospium, a dual M1/M4 muscarinic acetylcholine receptor agonist in the central nervous system, for the treatment of schizophrenia patients by September 2024.
RBI loan ban: The Reserve Bank of India (RBI) has implemented stringent measures impacting banks and non-bank financial institutions to address burgeoning consumer credit risks. Fitch Ratings highlighted these changes as a credit-positive step. Concerns arose due to the surge in unsecured credit card and personal loan growth, prompting regulatory action.
The Reserve Bank of India s recent decision to allocate more capital against unsecured consumer credit will constrain loan growth in the segment, according to a report by Fitch Ratings. The tightening is seen as a credit-positive effort to control emergent systemic risks posed by consumer credit.
The Bombay High Court has ordered that firecrackers can be burst only between 8 pm and 10 pm during Diwali in view of the air pollution situation. There is a reduction of one hour as in the earlier order, it was announced by the court that people in the city have time from 7pm to 10 pm to burst crackers.