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Market investors become richer by Rs 7.95 lakh crore as stocks rally for 3rd day
''Nifty remained in positive territory throughout the session....
India among top countries with high income, wealth inequality: new UNDP report
In India, between 2000 and 2022, per capita income soared from USD...
Indian Terrorism Pool premium expands by 10 % to Rs 516 cr in 2017-18
The Pool has thus completed 16 years of successful operation. All Indian general insurance companies, State Government of Gujarat and GIC Re are members of the Pool.
Ministry to question IndiGo, GoAir, others on Pratt & Whitney engine woes
IndiGo, India’s biggest carrier by market share, and rival GoAir were forced to ground Airbus A320neo aircraft on several occasions over the past year due to problems with the planes’ Pratt & Whitney engines.
RBI sets up panel under Nandan Nilekani to boost digital payments
The panel has been tasked with reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggesting ways to bridge them and assessing the current levels of digital payments in financial inclusion. It will also “suggest measures to strengthen the safety and security of digital payments… (and) a road map for increasing customer confidence and trust while accessing financial services through digital modes”.
RBI issues guidelines for tokenisation of card transactions
RBI has given permission to offer tokenised card transactions services to all channels such as near field communication (NFC), magnetic secure transmission (MST) based contactless transactions, in-app payments, QR code-based payments or token storage mechanisms, including cloud, secure element and trusted execution environment.
Skills gap puts $1.97 trillion growth at risk in India: Report
“We must offer more experiential on-the-job training and help people adopt life-long learning as their jobs are transformed. Digital tools and applications — like Artificial Intelligence, analytics and Blockchain — will be essential in delivering these new learning approaches,” said Rekha M Menon, Chairman and Senior Managing Director at Accenture in India
Domestic airlines inducted 100 plus aircraft in 2018
Majority of the planes inducted by the carriers last year, according to available figures, were Airbus A320 neos, with four carriers – IndiGo, GoAir, Air India and Vistara – taking deliveries of more than 60 of these planes besides other types of aircraft.
At present, these carriers together have over 660 planes. Budget carrier IndiGo has 206 planes including A320 neos, while both Air India and Jet Airways have 125 and 124 aircraft, respectively, in their fleets.
Aadhaar savings can fund 3 schemes of the size of Ayushman Bharat: Jaitley
ince The Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Bill was passed in 2016, in the last 28 months over 122 crore Aadhaar numbers have been issued. About 99 per cent of the adult population of India above the age of 18 stands covered.
Linking Aadhaar and driving licence to be mandatory soon: Law minister
“At presently, what happens is that the guilty person who causes an accident flees the scene and gets a duplicate licence. This helps him go scot-free. However, with the Aadhaar linkage you can change your name but you cannot change your biometrics, neither iris nor fingerprints. So the moment you go in for a duplicate licence, the system will say this person already has a driving licence and should not be given a new one,” said Prasad, explaining the need for the linkage.
GST panel for Kerala levying 1% cess for 2 yrs to fund flood rehabilitation
The GST law provides for levy of special taxes for a specified period to raise additional resources during any natural calamity or disaster.
Modi govt plans ‘sanitised list’ of CAs & companies, to collect KYC details
Against 3.3 million individuals who had Director Identification Numbers (DINs), little over 1.6 million have complied with the KYC requirement. DIN is a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies