Beazley’s board “has concluded that the financial terms of the...
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Space Insurance:Govt prepares policy framework for covering 3rd party damages due to Indian Space Objects
A draft “Policy framework and guidelines addressing State’s...
AI Data Center: Staggering $3 trillion of debt to fund the artificial intelligence boom
Not even the world’s biggest technology companies—not Amazon.com,...
Govt to spend Rs10,900 crore to enhance electric vehicle mobility
The primary objective of the PM E-DRIVE scheme is to expedite the adoption of EVs by providing upfront incentives for their purchase, as well as by facilitating the establishment of essential charging infrastructure for EVs. The PM E-DRIVE scheme aims to promote EVs...
National Health Authority and IIT Kanpur sign MoU for development of digital public goods for AI in Healthcare
Under this MoU, a federated learning platform across a variety of machine learning model pipelines, a quality-preserving database, an open benchmarking platform for comparing & validating AI models, and a consent management system for research under Ayushman...
Govt approves Rs 12461 crore budgetary support for cost of enabling infrastructure for Hydro Electric Projects
The government has been taking several policy initiatives to address the issues impeding Hydro Power development, viz., remote locations, hilly areas, lack of infrastructure etc New Delhi: The center today has approved the proposal of the Ministry of Power for...
Govt extends Rs 5 lakh health covers free to all citizens of 70 yr and above irrespective of income
This aims to benefit approximately 4.5 crore families with six crore senior citizens with Rs 5 Lakh free health insurance cover on a family basis New Delhi: The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the health coverage to all the...
GST Council defers any decision on reduction of taxes on Health and Life covers
The council has recommended to constitute a Group of Ministers (GoM) to holistically look into the issues pertaining to GST on the life insurance and health insurance.The GoM members are Bihar, UP, West Bengal, Karnataka, Kerala, Rajasthan, Andhra Pradesh, Meghalaya,...
Flood fury causes massive damage in Telangana. State govt put initial estimate at Rs 5,438 cr
Crops have been damaged in about five lakhs of acres, canals and ponds breached, bridges, roads and railway tracks were washed away and electric sub-stations and electric poles were damaged.state government has put the initial estimate at Rs 5,438 crore. Hyderabad: A...
GST Council meet: Taxation on insurance premium, rate rationalisation key hopes
Nirmala Sithraman,Union Finance Minister The meeting is going to deliberate upon whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens. New Delhi: With an aim to ensure less...
Squatter demands Rs 50 crore to vacate Bima Sugam’s domain name
Details like, when exactly he developed the site, whether he knew about IRDAI’ Bima Sugam project by the time he started developing the website, which is being talked about for almost last two years, what activities he was undertaking through the site, are not known...
August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers
Despite this monthly setback, the sector witnessed a modest 2.88 percent year-on-year (YoY) growth compared to August 2023 New Delhi: Auto retail sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon...
Crops in 1.8 lakh ha damaged due to floods in AP Agri Min Shivraj Singh Chouhan
Shivraj Singh Chouhan,Union Agriculture Minister Chouhan, who is on a two-day visit to Andhra Pradesh and Telangana to assess the flood situation, said: "The crops have suffered a lot of damage… Flowers are cultivated here, turmeric is cultivated, all the crops have...