Unclaimed financial assets such as insurance policy claims, bank...
Category:
Indian News
Latest
GST rate rationalisation boosts consumption; economy to maintain growth momentum: FinMin report
“The rationalisation of GST rates has provided a measurable boost...
Govt mulls rating system for assessing performance of contractor firms engaged in NH works
According to the concept note, ratings for Engineering,...
Finance ministry asks employees to avoid AI tools like ChatGPT, DeepSeek
"It has been determined that AI tools and AI apps (such as ChatGPT, DeepSeek etc.) in the office computers and devices pose risks for confidentiality of (government) data and documents," said the advisory by the Indian finance ministry dated Jan. 29 NEW DELHI: India's...
Non-inflationary Budget for Monetary Easing: Finance Secy
"The fiscal policy and the monetary policy need to work in tandem, not at cross purposes Because a lot more benefit will come also with monetary easing, if we are able to maintain inflation control.The Budget has projected a 4.4 per cent fiscal deficit in FY'26,...
GIC Re to set up a wholly owned subsidiary in UK
GIC Re has also branch offices in London and Kuala Lumpur. In April 2018, syndicate fully capitalised by GIC Re became operational at Lloyd's of London. GIC Re has 100% subsidiary in South Africa, Russia, United Kingdom and also associate companies in Bhutan,...
US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover
In a regulatory filing, REL posted a letter written by Danny Gaekwad Developments & Investments addressed to SEBI Chairperson, requesting for grant of exemption from strict enforcement of Substantial Acquisition of Shares and Takeovers (SAST) Regulations New...
GIC Re:Gross premium grows 14% to Rs 9,967cr, net profit rises 7% to Rs 1621cr in Q3FY25
N Ramaswamy, CMD, GIC Re One of the outstanding features of GIC Re's performance during the last quarter was its feat of improving its combined ratio significantly to 107.83 per cent in Q3FY 25 from 120.47 per cent in the year-ago period ``We remain focused on...
Draft bill seeking 100 pc FDI in insurance to be sent for Cabinet nod soon: DFS Secretary
Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry. Thereafter, the draft bill will be sent to the Cabinet for approval. The intent of the DFS is to get the bill introduced...
Govt reviewing crypto position due to global changes, senior official says
"More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again," India's Economic...
90% or more taxpayers may shift to new regime with new slabs announced in Budget: CBDT Chairman
Ravi Agrawal,Chairman, CBDT As per current data, about 74-75 per cent of individual taxpayers have moved to the new tax regime that was brought in by the government a few years back New Delhi: The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum...
Sebi mulls safe UPI payment mechanism for registered market intermediaries
This initiative will enable investors to verify the authenticity of the UPI ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can...
Budget is by the people, for the people, says FM
Finance Minister Nirmala Sitharaman “We have heard the voice of middle class" who had been complaining about their aspirations not being met despite being honest taxpayers, Sitharaman said in an interview with news agency New Delhi: It is a very positive and growth...