The benchmark disability requirement for availing of the pension...
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SC mandates insurance for railway counter tickets from Oct 27
A bench of Justices Ahsanuddin Amanullah and R. Mahadevan issued...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per...
Chhattisgarh govt blacklists Oriental Insurance for 3 yrs over delayed helicopter crash claim, insurer says claim not payble
The state's Directorate of Aviation took the action in connection with the insurance claim for a government-owned AgustaWestland helicopter that crashed in May 2022, killing two pilots `We, at OICL are very disappointed at this unjust decision on the part of...
AI asset valuations pose global risk, but cyber threat biggest concern for central banks: RBI Governor
``I think for us as central bankers, the most significant of these is cyber risks.The growing use of information technology across financial systems and the increasing interconnection between financial institutions were adding a new dimension to cyber risks from...
RBI may hike interest rate further in December policy: Experts
The inflation prints are expected to harden moving forward, on account of a combination of factors such as the poor monsoon, rising commodity prices and an unfavourable base effect, setting the stage for another rate hike in December as of now, ICRA Chief Economist...
Electric car sales jump nearly two-fold to 36,108 units in Sep: FADA
“Festive demand, maturing running-cost economics, a widening choice of models and sustained policy support through PM E-DRIVE and progressive state schemes are together turning the EV from an alternative into a default consideration for a growing set of buyers,” FADA...
RBI hikes repo rate by 25 bps to 5.5 pc; changes stance to ‘calibrated tightening’
Sanjay Malhotra,Governor, Reserve Bank of India The RBI raised the country's real GDP growth projection for the current financial year 2026-27 by 40 basis points to 7.1 per cent, citing the strength of economic activity despite global headwinds.It expects inflation at...
Govt directs banks to increase awareness of claim eligibility in Jansuraksha insurance schemes
Sanjay Lohiya,secretary, Department of Financial Services , also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and...
IRDAI’s distribution reforms faces pushback from brokers, auto dealers
Brokers are seeking an extension of a deadline for consultation on the proposals to late December from October 25, an independent impact assessment, as well as the removal of caps on commission. The proposals could lower broker revenues by nearly 70%, IBAI President...
SC stays coercive action against Tata Chemicals over Gulf of Kutch marine sanctuary damage
The court has asked the Gujarat Pollution Control Board (GPCB) to appoint experts to assess the environmental impact caused to the area and determine appropriate remediation measures and compensation within three months. New Delhi: The Supreme Court ordered on Monday...
Finmin to meet heads of banks on Tuesday to review progress of financial inclusion scheme
Sanjay Lohiya,Financial Services Secretary The meeting, to be chaired by the secretary, would also discuss and review the progress of various financial inclusion schemes, including PM Mudra Yojana aimed at providing funds to unfunded New Delhi: The finance ministry...
No immediate risk to India, says Kerala medical expert amid pneumonic plague scare in Russia
"Plague is well known to modern medicine. There are preventive methods. For instance, people who are at risk can take antibiotics prescribed by the investigating team. Not everybody needs it, but those who are in close contact do," Rajeev Jayadevan, Convener of the...