“The state government will talk to the company management that Rs 1...
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FSIB panel headed by BS Sharma gets one year extension
For insurance sector appointment, Usha Sangwan, former Managing...
Finance ministry asks pvt banks to increase their participation in implementation of govt schemes
M Nagaraju, Secretary,Department of Financial Services "Secretary...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations.The general insurance arm of SBI has allotted 3,71,693 equity shares of ₹10 each during...
Monsoon havoc claims 34 lives, causes Rs 7,119 lakh loss in Himachal: State Govt
The highest damage has been reported to infrastructure under the Public Works Department, Jal Shakti Vibhag, and Power sectors,Himachal Pradesh Revenue Department stated Private property loss has been reported to be Rs 3,076.03 lakh, public property loss is reported...
Govt proposes to make two helmets mandatory for new 2-wheelers
From January 1, 2026, all new L2 category two-wheelers, which include motorcycles and scooters with engine capacity above 50cc or top speeds exceeding 50 km/h--will need to be fitted with Anti-lock Braking Systems (ABS) New Delhi:The government has proposed to make it...
Indian life insurance industry to launch its Rs 450 crore nationwide multimedia campaign on July 2
Swaminathan S Iyer, member, Life, IRDAI, will be in Mumbai along with other CEOs of life insurance industry to unveil the multimedia public awareness Initiative for consumer education and action that will continue for couple of years Mumbai: After the Indian general...
Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Minister of State for Finance Pankaj Chaudhary at a high-level meeting in New Delhi to review performance of PSBs Sitharaman...
RBI issues directions on AePS operators onboarding to enhance security
The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator (ATO), which is the same as the one followed while acquiring a customer, as per the directions. Mumbai: The Reserve Bank on Friday issued...
Govt proposes new registration plate for hydrogen vehicles
According to a draft notification issued by the Ministry of Road Transport and Highways on Friday, in case of a hydrogen fuel operated commercial vehicle, the top half of number plate will be green and bottom half blue, while the figures on plate will be in yellow New...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products New Delhi: Observing that high premiums dissuade people from...
Investors’ wealth surges by Rs 12.26 lakh cr in 4 days of market rally
In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent.Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore (USD 5.38 trillion) in four trading days. New...
Bihar govt ropes in IIT Delhi IIT Patna to audit 85 major bridges
The new policy targets safety enhancements across 3,968 bridges, including 532 mega structures built over the last 18 years New Delhi: The Bihar government has roped in IIT Delhi and IIT Patna to audit 85 major bridges under its newly launched Bihar State Bridge...