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Budget 2026–27:Interest awarded by MACT to a natural person exempted from income tax
The tax holiday period on business income earned by a unit in...
Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
CS Setty,Chairman,State Bank of India On the long‑standing demand...
Kerala HC criticises Centre, state on lack of clarity in Wayanad relief aid
The queries from the court came during a hearing of a plea initiated by it for prevention and management of natural disasters in the state in the wake of the landslides that devastated three villages in Wayanad district and claimed over 200 lives Kochi: The Kerala...
RBI setting up expert committee for ethical use of AI in financial sector
In a bid to ensure “Zero Financial Frauds” RBI has initiated AI / ML based model called MuleHunter being piloted by Reserve Bank Innovation Hub (RBIH), a subsidiary of Reserve Bank Mumbai: Unveiling Framework for Responsible and Ethical Enablement of Artificial...
RBI cuts banks’ CRR by 50bps to ease liquidity conditions, keeps rates unchanged, lowers GDP growth target
The RBI sharply cut the GDP growth projection to 6.6 per cent from the earlier level of 7.2 per cent, while raising inflation target to 4.8 per cent from the previous projection of 4.5 per cent for the current fiscal. Mumbai: Reducing cash reserve ratio(CRR) by 50...
Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China
The external affairs minister said alternative routes for supplies are increasing the transportation cost of the shipments. “It is of very direct economic consequence. So we have actually been interacting with all the major players including Iran and Israel,” External...
Canara Bank gets RBI nod for life insurance & MF stake divestment
Reserve Bank of India on Thursday has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively through Initial Public Offer...
OROP: Have decided not to accept recommendations on pension hike, Centre to SC
Earlier, the bench had come down heavily on the Centre for failing to take any decision for years on the pension payable to retired regular captains in accordance with the OROP scheme and imposed a fine of Rs 2 lakh on it New Delhi: The Centre on Thursday told the...
1.6 crore customer records of HDFC Life being sold on Dark Web: CyberPeace
The leaked data reportedly contains sensitive customer information, such as policy numbers, names, mobile numbers, dates of birth, email addresses, residential addresses, health status, and more, claimed CyberPeace New Delhi: The research wing of CyberPeace on...
Build capabilities to ensure correct assessment of climate change risks: RBI Dy Guv Rao
The climate-specific vulnerabilities’ interplay with real economy and financial sector vulnerabilities can lead to financial stability risks, Reserve Bank Deputy Governor M Rajeshwar Rao said New Delhi: Reserve Bank Deputy Governor M Rajeshwar Rao has stressed on...
MediBuddy launches India Health Care Collaborators to enable insurance-integrated healthcare
The platform, named BuddyCare, serves as a plug-and-play solution for insurers, from comprehensive pre-policy issuance services and real-time risk quantification capabilities to post-policy service delivery for health and wellness Mumbai: MediBuddy, a digital...
Govt develops eMaap for ensuring fair trade, consumer protection and a centralized database of all stakeholders
eMaap simplifies critical procedures such as issuing, renewing, and amending licenses, as well as handling verification & stamping of weighing & measuring instrument, registration certificates, and appeals, etc New Delhi: The Department of Consumer Affairs is...