“Given the challenging maritime security environment, rates have...
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Lloyd’s market engaging with US government over Gulf maritime plan, officials say
“Lloyd’s is engaging constructively with the U.S. Development...
Marsh and Aon in talks with US govt on a plan to help insure tankers navigating Strait of Hormuz
President Donald Trump said on Tuesday the US International...
Cabinet approves bill to regulate online gaming platforms, real money games may face ban
Sources said that the decision has come following observations from the government that online money gaming provides means to facilitate money laundering, fraudulent financial transactions, and cyber crime, among others The Cabinet has approved the bill to regulate...
Mumbai rained out; air, road, rail services hit; 500 evacuated after Mithi level rises
"Mumbai has witnessed a record rainfall of nearly 300 mm. The city's lifeline -- suburban trains -- have slowed down. The Mithi river (which runs through Mumbai) reached the danger-level mark and 400 to 500 persons had to be evacuated," Chief Minister Devendra...
Centre pushes financial inclusion with insurance, health schemes for all
Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...
GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal
Nirmala Sitharaman , Union Finance Minister The GoM on Life and Health Insurance is likely to be headed by Bihar Deputy Chief Minister, Samrat Choudhary and will explore full GST exemption on health and life insurance premiums for policies up to Rs 5 lakh,...
As many as 409 companies operating from IFSC GIFT City
Nirmala Sitharaman, Union Finance Minister Over the last 5 years, the government has provided several progressive policy measures for development of GIFT IFSC, such as - setting up of International Financial Services Centres Authority (IFSCA) as a unified statutory...
AI, deepfakes real challenges before election commission: CEC Gyanesh Kumar
"Artificial Intelligence (AI) and deepfakes are indeed real challenges for us. Just yesterday, an X handle had shared an AI-generated video that was far from truth." Gyanesh Kumar,Chief Election Commissioner New Delhi: Chief Election Commissioner Gyanesh Kumar on...
Women entrepreneurs face disadvantage in availing financial services compared to men: Study
"Access to formal finance is essential for the development and growth of women entrepreneurship in India. While, women firm owners face disadvantages in securing formal loans compared to men firm owners, the use of digital technology provides a ray of hope in bridging...
Bill to decriminalise certain minor offences to be introduced in Lok Sabha on Monday
Over 350 provisions are proposed to be amended through this bill for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business New Delhi: The Jan Vishwas (Amendment) Bill 2025 to decriminalise certain...
Generative AI set to improve banking operations in India by 46%: RBI Report
Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer...
Proposed GST rate tweaks on automobiles to end classification disputes
Presently, the total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs. Sources said, as per the Centre’s proposal for moving the GST system to a two-tier rate structure of 5 and 18...