Union Finance Minister Nirmala Sitharaman The Finance Minister...
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Chhattisgarh govt returns to NPS fold for providing pension to its employees
Sivasubramanian Ramann,chairman,Pension Fund Regulatory and...
Uday Kotak appointed chairman of GIFT City
Uday Kotak,chairman, Gujarat International Finance Tec-City Company...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s approval for seeking approvals from PFRDA, IFSCA and IRDAI is a pivotal step as there is a pressing need for dedicated pension solutions in India, and a PFM company will allow us to offer a complete...
Banks will pay deposit insurance premiums linked to their risk profile from Apr 1
Under the new framework, banks will be assessed using financial and supervisory indicators such as capital strength, asset quality, earnings and liquidity, as well as the potential loss their failure could impose on the deposit insurance fund, the RBI said. Mumbai:...
Law must remain responsive to lived human realities, says SC; enhances compensation
“If the law is capable of recognising anticipated economic progression as a valid loss, it is not too clear why emotional deprivation manifested in loss of love and affection must be viewed as an impermissible head, especially when Chapter XII of the Act (Motor...
RBI announces Rs 25k compensation to bank customers hit by digital fraud
"As long as (the customers) are defrauded whether on their own accord or anyone else's accord, no questions asked… we will compensate them as long as it is unintended,"Reserve Bank Governor Sanjay Malhotra MUMBAI: Amid growing digital fraud, the Reserve Bank on...
Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long period of time (and) they will go down even further," Malhotra said in a post-monetary press conference. Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low...
Insurance joint secretary Goyal shifted out of DFS
Parshant K Goyal DFS, headed by secretary M Nagaraju currently doesn’t have an additional secretary nor a joint secretary in its insurance division. Nagaraju is scheduled to retire on May 30, 2026 New Delhi: In a key level change in the central government, Parshant K...
LIC’s net profit rises 17% to Rs12,930 cr Q3FY25
R Doraiswamy, CEO & MD, LIC R Doraiswamy, CEO & MD, LIC said,``“The consumers and the companies in the life insurance industry have responded positively to the various initiatives of the government, especially to GST 2.0. At LIC, we have further increased our...
CBDT chief says 88 pc of individual taxpayers have opted for new tax regime
"And insofar as presumptive tax cases, about 97 per cent of the taxpayers have moved to the new tax regime. For corporates, about 60 per cent of the income is now being reflected in the new tax regime," CBDT Chairman Ravi Agrawal New Delhi:As many as 88 per cent of...
RBI may hire more specialists for cybersecurity controls as digital risks multiply across banking system
The watchdog also seeks to add more officers to its supervision division, with hiring skewed toward specialists in cybersecurity controls as digital risks multiply across the banking system, according to the people. The overhaul is still under consideration and...
Govt deactivates 2.5 crore Aadhaar IDs of deceased to avoid fraud
Jitin Prasada,Union Minister of State for Electronics and Information Technology The primary motivation for this purge is to close any loopholes that could enable the misuse of personal identities. According to the statement by the Ministry of Electronics & IT,...