Policy
India jumps 23 places to 77th in ease of doing business ranking
New Delhi: India has jumped 23 places in the World Bank ease of doing business ranking for 2018. It was at 100th place last year and now it is at 77th rank. India is now recognised as among top ten improvers for the 2nd consecutive...
Finance Minister Arun Jaitley
An evolving economy needs dynamic regulation, says Arun Jaitley
New Delhi: Finance Minister Arun Jaitley Saturday said as an economy evolves, regulation needs to be relaxed or altered keeping in the mind the ground situation.Speaking at an IDFC event here, he said governments increasingly get opportunities to interact with various stakeholders. For any regulatory...
Union finance minister Arun Jaitley
Govt to create `talent pool', may allow second option on pension for PSU general insurance Cos
New Delhi: The government is keen to set up a `talent pool’ to deal with the succession planning for the PSU general insurance sector,even as, it has shown favourable response to the long standing demand to give one more option on pension to the older...
Aadhaar mandatory for those seeking treatment under Ayushman Bharat for second time
New Delhi: Aadhaar is not mandatory to avail benefits for the first time under the recently-launched Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) but will be compulsory for those seeking treatment under the scheme for the second time, according to a top official. In case...
Banks, telcos may be allowed to use Aadhaar again via legislation: Jaitley
New Delhi: Finance Minister Arun Jaitley Saturday said a Parliament approved legislation can restore mandatory linking of biometric ID Aadhaar with mobile phones and bank accounts, but did not say if the government will bring a new law for the same. Sources said the move...
Aadhaar not mandatory for opening bank accts, insurance policies & mobile connections:SC
New Delhi: In a landmark 4-1 judgement on Wednesday, the Supreme Court's five-judge constitution bench while upholding validity of Aadhaar, -12-digit Unique Identification Number-has barred Individual and private corporates to collect Aadhar data, nor it can be mandated for opening of bank accounts, and insurance...
Modified Jan Dhan: No of accounts swell to 326.1 mn; Rs 12.66 bn increased
New Delhi: As many as 2 million people have joined the modified Pradhan Mantri Jan Dhan Yojna (PMJDY), taking the total number of account holders in the flagship financial inclusion programme to 326.1 million as on September 5, according to finance ministry data. Earlier, the...
What Will Happen to EU Financial Services Firms After No-Deal Brexit?
London: Britain will unilaterally accept some European Union rules and give EU financial services firms continued access to the U.K. market in order to maintain stability if the country crashes out of the bloc without a deal, the country’s top negotiator said Thursday. The details...
Prepare a list of the public sector banks that can be merged: Govt asks RBI
New Delhi: The government has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt, people familiar with the matter said. In a meeting this month, finance...
Govt mulls action against India heads of social media on fake news
New Delhi: Abide by law or face prosecution -- this is the tough message likely to be sent to the India heads of social media platforms if the recommendations of a high-level government panel, which discussed steps to curb fake news and misinformation besides child...
