M. Nagaraju, Secretary, Department of Financial Services (DFS),...
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Govt discussing age restrictions with social media platforms:Vaishnaw
"Right now we are in a conversation regarding deepfakes, regarding...
PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and...
New India‘s 16% topline surge boosts industry’s prm growth 7% to Rs 29,000 cr in Jan
`After January, we are now making efforts to maintain a healthy topline growth till the end of the year. We are giving a very strong thrust towards risk selection, bringing in greater accountability and monitoring mechanisms have been strengthened....
Govt looking at procedural easing to further promote FDI, says official
The department for promotion of industry and internal trade (DPIIT) has held stakeholder consultations with different government departments, regulators, industry associations, advisory and law firms, pension funds, private equity and venture capitals. New Delhi: The...
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base following the exemption limit being raised to Rs 12 lakh in the Union Budget...
Sebi mulls changes in secretarial compliance report format, auditors’ appointment norms for cos
In its consultation paper, Sebi has proposed changes to improve the format and content of the Annual Secretarial Compliance Report (ASCR), aiming for more explicit confirmation of compliance with securities law New Delhi: To strengthen corporate governance at listed...
LIC’s net profit rises 17% to Rs 11,056 crore in Q3FY25
Siddhartha Mohanty, CEO & MD, LIC The value of new business (VNB) margin of the corporation has also improved to 17.1 per cent for the nine months period ended December 31st 2024, as compared to 16.6 per cent for the same period last year. Mumbai: Life Insurance...
RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,'' said Sanjay Malhotra,...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...
RBI cuts repo rate by 25 basis points to 6.25%,first in nearly 5 yrs
Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy Committee (MPC), which consists of three RBI and three external members, favoured a rate cut to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in...
India has received USD 1.16 billion in climate finance so far: Govt
Several measures, including the National Mission for Sustainable Agriculture, have been taken up to deal with the impact of climate change on agriculture, Union Environment Minister Bhupender Yadav New Delhi: India has so far received USD 1.16 billion for climate...
About 45 pc of people in Kerala at risk of lifestyle diseases Minister
A total of 2,03,506 people (2.03 per cent) were identified as being at risk of cancer and referred for further examination, while 39,889 people were referred for suspected oral cancer, 1,25,985 for breast cancer, and 45,436 for cervical cancer, Kerala Health Minister...