This has resulted in the opening of over 61 lakh new Pradhan Mantri...
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Damaged signal cables could have ‘catastrophic consequences’: Railways to all zones
The Board said that safety instructions have been issued to zones...
Bajaj General Insurance wins Rs 374 crore PMFBY claim case against Maha Govt in Bombay HC
In its verdict, the Bombay High Court dismissed the Maharashtra...
Govt will regulate AI, other tech from perspective of harm it can inflict on users: MoS IT
''Our approach towards AI or any regulation is that we will regulate it through the prism of user harm. This is a new philosophy, which has started since 2014 that we will protect digital nagriks. We will not allow platforms harming digital nagriks. If they operate...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’
''For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such...
IRDA gives license to Go Digit Life, 4th new insurer in a year
Prem Watsa, founder, chairman, and chief executive of Fairfax Financial Holdings IRDAI in its 122nd board meeting held on 2nd June, has granted Certificate of Registration to Go Digit Life Insurance Limited to carry life insurance business in India, said the IRDAI on...
RBI not planning to regulate social media influencers
Social media influencers peddle personal views or those paying them on financial markets or stocks. Since January 2022, SEBI has been saying it would come out with regulations to tame the so-called financial influencers, it has not yet issued anything but has been...
Climate Change: Coal India’s biggest expansion plans opposed in Chhattishgarh
Protests against plans for the Gevra site in the eastern province of Chhattisgarh threaten to complicate the company’s ability to win approvals to expand annual capacity to 70 million tons. Output at that volume would see the site become the single biggest global...
Meghalaya extends 100% subsidy in premium for crop insurance to state’s farmers
The estimated amount of premium support by the Government of Meghalaya of Rs. 4.4 crores is based on the enrolment target of 27,000 number of farmers for Kharif season 2023 and 10,000 number of farmers for the Rabi season 2023-24.With over 80% of the population of the...
RBI holds rates but signals tight monetary policy ahead
Shaktikanta Das, Governor, RBI The RBI maintained its policy stance of "withdrawal of accommodation" to ensure inflation progressively aligns with the committee's target while remaining supportive of growth, Governor Shaktikanta Das said while announcing the MPC's...
Andhra Pradesh Cabinet approves Guaranteed Pension Scheme, regularisation of 10,000 contract staff
Under the GPS scheme, eligible employees will receive 50 per cent of their last drawn salary as pension, including receiving dearness relief (DR) on the lines of the Central Government declaring dearness allowance and DR twice a year Amaravati: Approving Guaranteed...
RBI expands scope of TReDS, includes insurers as participants
''Apart from MSME sellers, buyers and financiers, insurance companies are permitted to participate as ''fourth participant'' in TReDS,'' it said in a circular Financiers place their bids on the TReDS platforms keeping in view the credit rating of buyers. They are...
FSIB chooses 2 new MDs for LIC
The government's head hunting agency for PSU banks and insurers had interviewed seven candidates to select two managing directors of the corporation New Delhi: The Financial Services Institutions Bureau (FSIB) has chosen Sat Pal Bhanoo and R. Doraiswamy as new...