Asked if the government was considering forming new rules and...
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Govt releases white paper on democratising access to AI infrastructure
The white paper highlights key enablers aligned with India’s AI...
Investors’ wealth surges by Rs30.20 lakh cr in 2025 as stock markets post decent gains
"Despite outflows continuing to be an issue for foreign investors,...
Electric passenger vehicle sales cross 4% first time in May 2025: FADA
The increasing retail sales data marks a significant shift in consumer adoption of EVs, signalling growing momentum in the transition towards cleaner mobility. The retail data of electric passenger vehicles shows that the players in the segment sold about 12,304...
India’s billion-dollar infra projects face extreme weather test
India is ranked sixth among countries most affected by extreme weather, according to the 2025 Climate Risk Index report by Germanwatch. The world’s fastest-growing major economy has experienced more than 400 extreme weather events over three decades ending 2022, which...
Indian extreme poverty rate drops to 5.3% in 2022-23: World Bank Report
The World Bank's assessment, based on the $3.00 per day international poverty line (using 2021 prices), shows a broad-based reduction across both rural and urban areas.The data further showed that this sharp decline was uniformly observed, with rural extreme poverty...
Cryptocurrencies hamper financial stability: RBI
In absence of any regulation, cryptocurrency is not yet illegal in India. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and finance ministry, is looking into global norms...
Active Covid cases in India cross 5,000-mark
Official sources have maintained that most cases are mild and managed under home care. Since January this year, 55 deaths have been reported in the country. There were a total of 257 active patients in the country on May 22 New Delhi: India's active Covid case tally...
RBI focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
Sanjay Malhotra,Governor,Reserve Bank of India Explaining Friday's cut, RBI Governor Sanjay Malhotra said inflation had softened significantly, giving space for continuing policy easing and front loading of rate cuts. The central bank has a 4% inflation target MUMBAI:...
Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs
Central bank acquired acquired equity stake of 24.91 per cent of Future Generali India Insurance Company for Rs 451 crore. It also bought a 25.18 per cent stake in Future Generali India Life Insurance for a cash consideration of Rs 57 crore as part of the insolvency...
Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants
N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic risks involved, there is very limited reinsurance capacity available for hydro power plants. More often, catastrophic covers are sub-imited. With climate risks and rising frequency and...
Monsoon Session Of Parliament From July 21 To August 12
The Insurance Amendment Bill, which proposes allowing 100 per cent foreign direct investment (FDI) in the insurance sector, is expected to be introduced in the upcoming monsoon session of Parliament New Delhi: The Monsoon session of Parliament will be held from July...
Former Kia India workers, scrap dealers face probe over theft of 1,008 engines
An initial police investigation found two former Kia India factory workers - a team leader and a head of section in the engine dispatch section - were involved in illegally transporting the engines from the factory using forged invoices and manipulated gate passes,...