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NEW DELHI, May 23: To avert a repeat of financial scams like the ones perpetrated by Nirav Modi and Vijay Mallya, the Centre has streamlined the process of generating alerts from the Central Economic Intelligence Bureau (CEIB), which lists all cases of money laundering and fraud against an entity seeking loans of Rs 50 crore and more. It is mandatory for all public sector banks to seek a report from CEIB on borrowers of Rs 50 crore and above at the pre-approval stage. This also applies in case of entities...

Chandigarh, November 13: The Punjab government on Sunday banned the public display of firearms, including on social media, and songs allegedly promoting gun culture and violence, as it tightened regulations after facing flak from the Opposition over the law and order situation. The state government also directed a review of arms licences within the next three months, with no new licence to be issued during the period, and surprise checks, according to an official order. A complete ban should be imposed on carrying and displaying weapons at public gatherings, religious...