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Govt yet to decide on banks to be privatised, say MoS Finance Karad

Govt yet to decide on banks to be privatised, say MoS Finance Karad

by AIP Online Bureau | Feb 8, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Minister of State for Finance Bhagwat Karad The government had in Budget 2021-22 announced its intent to privatise two public sector banks (PSBs) and one of the public sector general insurance companies during the year. ”As per inputs received from Department of...

EU watchdogs call for rapid action to catch up with digital finance

by AIP Online Bureau | Feb 7, 2022 | Eco/Invest/Demography, International News, Regulation

“The growing digitalization and datafication of financial services necessitate closer cooperation between financial and relevant non-financial authorities,” a joint report from the EU’s banking, insurance, and markets watchdogs said The report said...
India will be fastest growing economy among large economies, says FM Sitharaman

India will be fastest growing economy among large economies, says FM Sitharaman

by AIP Online Bureau | Feb 7, 2022 | Eco/Invest/Demography, Indian News

Union Finance Minister Nirmala Sitharaman Sitharaman further said that the Centre is building economic corridors, logistical hubs connecting raw material supply points and nearest ports Sitharaman said that the Centre has a consultation process for cryptocurrency...

Sensex tanks1023 points; heavy selling by FIIs

by AIP Online Bureau | Feb 7, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

This is the third consecutive session of loss in the benchmark Sensex and investors have lost over Rs 7 lakh crore during this period Mumbai: The Indian equities markets benchmark Sensex slumped 1023 points on Monday due to heavy selling by foreign institutional...
India GDP estimated at Rs 147.5 lakh crore in FY22: Chaudhary

India GDP estimated at Rs 147.5 lakh crore in FY22: Chaudhary

by AIP Online Bureau | Feb 7, 2022 | Eco/Invest/Demography, Indian News, Pandemic, Policy, Wealth Management/ Philanthropy

Minister of State for Finance Pankaj Chaudhary In FY 2020-21, Minister of State for Finance Pankaj Chaudhary said that as a major part of its policy response to the pandemic, the government while providing a safety net to the vulnerable sections of the society...
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