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India’s insurance sector to be fastest growing among G-20, may scale $450 bn of prm in next decade: Swiss Re
Swiss Re officials(L to R) Mahesh H Puttaiah, Head Group Economics...
India’s CEOs see inflation, cyber risks as top threats in next 12 months: PwC Report
Health risks rank highly on the list of concerns faced by CEOs in...
IMF likely to downgrade India growth forecast significantly in January: Gita Gopinath
Mumbai: The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India "significantly", its India-born chief economist Gita Gopinath said on December 17. The Washington-based institution had come...
Complaints to banking ombudsman rise 20% in FY19: RBI
The number of complaints pertaining to mis-selling have gone up from 579 complaints in 2017-18 to 1,115 in 2018-19, an increase of 92.57 per cent.
SBI plan to list general insurance arm may take 3 yrs: Rajnish Kumar
SBI General Insurance, has to “mature” and will await the valuation to touch Rs 50,000 crore, Kumar said.
Mandatory to link PAN-Aadhaar by 31 December: I-T Dept
The Supreme Court, in September last year, had declared the Centre’s flagship Aadhaar scheme as constitutionally valid and held that the biometric ID would remain mandatory for the filing of I-T returns and allotment of PAN.
Online retail sales meagre in India: WB Report
Small and medium enterprises in the region reported that removing regulatory and logistical challenges to e-commerce would increase their exports, employment, and productivity by as much as 20-30 percent. To overcome these hurdles, the report proposes reforms in areas such as payments, delivery, market access regulations, consumer protection, and data privacy, at the national, regional, and global levels
Govt clears appointments of Srivastava and Poddar as CMD of GIC Re and AIC
At a pay scale of Rs 2,05,400,Srivastava has been appointed as the CMD of GIC Re till Sept 2023 while Poddar with the same pay scale will be heading AIC till July, 2022.
Govt reforms will make India a very competitive, efficient economy: Kant
India has gone digital. That’s the biggest transformation that has taken place.As a result, India has become hugely data-rich, even before it has become rich. This data richness of India has led to over 1,000 startups working in learnings, artificial intelligence and they are doing the kind of disruption that the world has never seen before. Many of them are doing pathbreaking work,” Kant told
Porsche bets rich Indians will pay to show off electric cars
Porsche, which sells 350-450 cars a year in India, is looking for a boost to those figures when it launches its new Cayenne Coupe on Friday, followed by the Taycan by July. It unveiled the latter in China, Germany and Niagara Falls in September, with a starting price outside India of $150,900 and a potential base version costing below $100,000. That underscores the model’s central role in parent Volkswagen AG‘s push to become a leader in battery-powered vehicles.
Rs382 cr collected as fine for violation of pollution norms since 2017: CPCB
The CPCB, which works under the Ministry of Environment, Forest and Climate Change, is responsible for advising the central government on prevention and control of water and air pollution. It is also responsible for coordinating the activities of the state pollution control boards and resolving disputes among them, besidesplaying other roles.
Over 14,000 prosecutions withdrawn under Companies Act
As part of de-criminalisation of technical and procedural violations under companies law and reducing the burden on criminal courts as well as the National Company Law Tribunal (NCLT), the government has shifted 16 offences sections to monetary penalty regime.