Shaktikanta Das,Governor,Reserve Bank of India His remarks come...
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‘Heavy fuel’ leaked from power station in Manipur spills into streams
The Chief Minister's Office (CMO) directed the departments...
HC issues notice to Centre, Delhi govt over rampant re-packaging of expired products
A bench of acting Chief Justice Manmohan and Justice Manmeet P.S....
IMF wants govt to be more credible, transparent on fiscal numbers
The comments come amid allegations of the budget math not adding up with some pointing to a Rs 1.7 trillion hole in the estimates, and also over 100 economists questioning the official data computation.
Govt not planning to help banks rescue DHFL: Report
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors, and its a potential collapse could impact India’s already ailing banking sector and further weaken economic growth.
Air pollution: It is a question of life and death of crores of people in Delhi-NCR region, says SC
“Can you permit people to die like this due to pollution? Can you permit the country to go back by 100 years,” observed a bench headed by Justice Arun Mishra.
Any attempt to create monopoly on data will not be acceptable: Govt
Prasad emphasised that any data protection law must be technology agnostic, based upon element of free consent, no abuse of consent beyond the permissible limits, requisite data protection authorities and a fair mechanism for data processing.
Govt unveils norms for 100% FDI in insurance intermediaries sector
However if a bank, whose primary business is outside the insurance area, is allowed by the IRDAI to function as an insurance intermediary, the foreign equity investment caps applicable in that sector, which is 74 percent, will continue to apply, subject to the condition that the revenues of such entities from the primary (non-insurance related) business must remain above 50 per cent. of their total revenues in any financial year.
IRDAI shuts down Anil Ambani’s health insurance co,merge it with Reliance General
The IRDAI was compelled to take such a drastic action as the debt laden Reliance Capital, the parent company of RHICL has consistently failed to provide adequate capital to its one year old health insurance subsidiary, that had experienced steady erosion of the required solvency margin of 150 per cent over one year and had plunge to 63 per cent as on Sept 2019.RHICL, which commenced operations in October, 2018 has not been able to maintain the required solvency margin since June,2019,said the IRDAI
Govt , LIC & SBI to fund Rs 25,000 cr AIF for completing stalled housing projects
The minister also said several sovereign funds have shown interest and may join the scheme at a later stage.
India would need around 2,400 new aircraft in next 20 years, Boeing
“The vast majority of these aircraft, as we no doubt expect, would be single-aisle fleets, 737-sized aircraft. It will make up for 85-90 per cent of the deliveries in the market place,” Darren Hulst, Deputy Vice President of Commercial Marketing, Boeing.explained, while unveiling the company’s annual India Commercial Market Outlook at New Delhi on Nov 6
India to see a 10% salary increase in 2020, Willis Towers Watson Survey finds
With the cautious business outlook, recruitment efforts are expected to slow down. The survey shows that only 22% of the organisations in India plan to add new headcount compared to 29% last year. Organisations planning to maintain their current headcount increased from 63% in 2018 to 70% in 2019; while, 7% plan to reduce headcount as compared to 8% last year
India gold demand to hit 3-Yr low as prices surge to record: World Gold Council
Gold demand in 2019 could drop 8% from a year ago to around 700 tonnes, the lowest since 2016, said Somasundaram PR, the managing director of WGC’s Indian operations. In a report, the WGC said India’s gold consumption in the quarter ended September slumped nearly a third from a year ago to 123.9 tonnes.