Green credits are rewards given for taking voluntary steps to...
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Public must use “look, touch, and feel” method to verify notes: RBI
M Rajeshwar Rao,Deputy Governor , RBI According to an official...
Motor Vehicle Tax shouldn’t be levied if vehicle not used in ‘public place’: SC
Motor vehicle tax is compensatory in nature. It has a direct nexus...
Government bans “dark patterns” on ecommerce platforms; notifies guidelines
The notified guidelines will ensure clarity in the minds of all stakeholders -- buyers, sellers, marketplaces and regulators - as to what is not acceptable as unfair trading practices, the latter being liable under the Consumer Protection Act, Consumer Affairs...
India turns to coal as hydro generation falls
Coal satisfied 80% of electricity demand up from 73% a year earlier, while the hydro share fell to 9% from more than 15% LONDON: India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation following...
Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman
Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating its options for setting up in GIFT City. The summit jointly organised by IFSCA and IRDAI has allowed the market to engage with the two regulators and obtain clarification on a number of areas, said...
Indian economy tops expectations, grows by 7.6% in Q2
''Real GDP growth clocked 7.6 per cent in Q2 FY 2023. The real GDP growth has surprised on the upside by not only being higher than the median projections of 6.8 per cent by professional forecasters but also their highest estimate of 7.4 per cent,'' the finance...
Centre approves Rs1658 cr recovery and reconstruction plans for Joshimath
Joshimath was hit by landslide and ground subsidence and the central government has extended all necessary technical and logistical support to the state The recovery plan for Joshimath would be implemented in three years, following the best practices, Build Back...
Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon
Though as early as July, the government had advertised for two posts of members- `Finance and Investment’ and `Actuary’ at the Irdai, no body has been selected for these posts as yet Hyderabad: Even as the government is yet to make any new appointments to...
LIC launches guaranteed return plan Jeevan Utsav
(Lto R) M Jagannath, MD, LIC and Siddhartha Mohanty,chairperson, LIC at the launching ceremony of corporation's new product Jeevan Utsav Siddhartha Mohanty,chairman, IRDAI had said the new product is poised to disrupt the market and that there is a widespread interest...
Mcap of BSE-listed firms hits record high of USD 4-trn club
While the BSE benchmark Sensex has rallied 5,333.46 points, or 8.76 per cent, so far this year, the market capitalisation (mcap) of all listed firms at its platform has jumped Rs 48.67 lakh crore Mumbai: For the first time, the combined market capitalisation of...
Govt disconnects 70 lakh mobile involved in financial frauds: DFS Secretary
Vivek Joshi, Secretary, Department of Financial Services About Rs 900 crore of defrauded money has been saved, benefitting 3.5 lakh victims, an official statement said New Delhi: To check digital frauds, the government has disconnected 70 lakh mobile numbers so far...
Automobile retail sales soar to record high in festive season this year: FADA
''Record-breaking sales were reported in several categories, with rural areas particularly contributing to the surge in two-wheeler purchases,'' Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said New Delhi: Driven by robust...