Perspectives were also shared by financial institutions and...
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NITI Aayog suggests setting up of national agency to implement green transition for MSMEs
The NPMA should identify interested MSME clusters and industrial...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore...
India denies entry to Russian oil loaded ship over documentation, sources say
The vessel has protection and indemnity (P&I) insurance cover from Russian company Soglasie.Indian refiners buy Russian oil on delivered basis with ship, insurance and other servics arranged by the seller. NEW DELHI: Indian port authorities denied entry to an...
Indian billionaires’ wealth a third of country’s GDP; Adani biggest wealth gainer
Gautam Adani, founder and chairman of the Adani Group The country is home to 284 billionaires whose cumulative wealth rose by 10 per cent to Rs 98 lakh crore, or a third of the country’s GDP, the report said. Interestingly, amid the concerns on concentration of wealth...
No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh
However, government functionaries are expected to exercise due diligence and caution to ensure safety, security and confidentiality of public information while using any digital technology or platform, Union minister Jitendra Singh said in a written reply to the Rajya...
I-T deptt offices to remain open on March 29-31: CBDT
In an order, the Central Board of Direct Taxes (CBDT) said "to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025." Reserve Bank of India (RBI) and IRDAI have also asked...
RBI may cut interest rates further and keep liquidity flush as economy braces for trade turmoil
Sanjay Malhotra, Governor, Reserve Bank of India Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system, allowed the rupee to slide, and eased restrictions on...
Govt discontinues parts of gold deposit scheme amid rising prices
The move is likely to reduce the government's future obligations and minimise risks related to gold prices. While banks paid the interest on the short-term deposits, the government paid it for the medium- and long-term ones. Banks can continue to offer short-term gold...
SC remark on cutting trees ‘wake-up call’ for govt say environmentalists
"The continuous push for large-scale infrastructure projects such as hydropower, dams, roads, tunnels and railways has led to the loss of thousands of hectares of pristine forests. This has increased disaster risks, vulnerability and fatalities in the region," he said...
Exclusive cooperative insurance firm on anvil, to provide coverage to all cooperative societies in country: Amit Shah
Amit Shah, Union Minister of Home Affairs and Co-operation To further strengthen the cooperative sector in India, Shah said, a cooperative insurance company will be set up soon that will provide insurance coverage to all cooperative societies in the country. He exuded...
GIFT City improves ranking in global financial centres index bolsters hub status
"GIFT City's continued rise in the Global Financial Centres Index rankings is a reflection of India's growing influence in global finance. "Our …ranking in reputational advantage, significant improvement in FinTech, and strong overall performance reinforce the...
More than a fifth of super rich want to migrate out of India Survey
The survey of 150 ultra high networth individuals said that the US, UK, Australia, Canada and even UAE due to its golden visa scheme are the favourite destinations where the rich prefer to settle down. Mumbai: At least 22 per cent super rich Indians wish to leave the...