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Govt probes insurers paying excessive distribution commissions without growing business
The Department of Financial services (DFS) has sent letters to...
Scheduled commercial banks allowed to become sponsors of Pension Funds
This will enhance competition and safeguard subscriber’s interests....
India set to reject oil tankers sanctioned by US for transporting Russian oil
A senior Indian bureaucrat told reporters that sanctioned vessels won’t be allowed to discharge. That excludes ships chartered before Jan. 10, provided they unload by March 12. Indian banks will demand certificates of origin to ensure crude doesn’t come from...
Finmin to meet heads of banks on Wed to review financial inclusion schemes
M Nagaraju,Financial Services Secretary The Finance ministry from time to time launched various drives to achieve saturation under Pradhan Mantri Jan dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). New...
UP implements ‘no helmet, no fuel’ rule to put curb on road accidents
Chief Minister Yogi Adityanath had noted that annually 25,000-26000 lives are lost in the state due to road accidents Lucknow: The Uttar Pradesh Transport Department is implementing a strict "no helmet, no fuel" policy across cities in the state in an effort to reduce...
Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch
Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 trillion in equity and Rs 7.3 trillion from the debt markets, with the overall mop-up reaching Rs 10.7 trillion. Mumbai: Overall fundraising from capital markets, including through...
FPIs withdraw Rs 22,194 crore in Jan amid weak earnings outlook, rising dollar
This exodus of foreign money from the Indian markets could be attributed to multitude of factors, such as expectation of yet another weak earning season, concerns over the tariff war under Trump's presidency, slowdown in GDP growth, still high inflation numbers and...
Dark web, cryptocurrency, drones continue to be challenge: Amit Shah
"The use of dark web, cryptocurrency, online marketplace, drones continue to be a challenge for us even today," Union Home Minister Amit Shah New Delhi: Union Home Minister Amit Shah said on Saturday that dark web, cryptocurrency, online marketplace and drones...
Cracks in houses: U’khand HC serves notices to govt, 159 mining lease holders in Bageshwar
Dissatisfied over the continuation of mining activities, the court had asked the state to take action against the mining officers and those who violated the order Nainital: The Uttarakhand High Court while hearing a PIL on cracks in houses due to the mining activities...
IRDAI further strengthens regulatory framework, notifies 5 more regulations/amendments
These changes align with IRDAI’s broader move towards a modern, dynamic and principle-based efficient regulatory framework, said the IRDAI. Hyderabad: As a part of the comprehensive review of regulatory framework to maintain an agile, progressive, and forward-looking...
EPS-95 pensioners demand Rs 7,500 minimum pension
Pensioners have been agitating for over 7-8 years for an increase in the minimum pension from Rs 1,000 to Rs 7,500, along with DA and free medical treatment for both the pensioner and their spouse New Delhi: A delegation of EPS-95 pensioners met Finance Minister...
Investors become poorer by Rs 12 lakh cr in three days of market fall
"Consolidation may persist in the near term, yet investors are closely watching the US non-farm payroll data today for further guidance," Vinod Nair, Head of Research at Geojit Financial Services, said Foreign Institutional Investors (FIIs) offloaded equities worth Rs...