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India and Fiji join hands for climate action, resilience building and sustainable development
Prime Minister Narendra Modi and Sitiveni Rabuka,Prime Minister,...
Kazakhstan presses on with $4.4 billion fine against global oil majors for ecological violations
Kazakhstan's government originally fined NCOC 2.3 trillion tenge -...
Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin
The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement New...
Contractual employees entitled to maternity leave: Orissa HC
Rejecting the state government’s contention that only regular women civil servants qualify for maternity leave, the court observed: "Women employees for the purpose ofavailing such benefit do constitute one homogenous class and their artificial bifurcation founded on...
ICICI Lombard gets Rs 1,728.86-crore GST relief from Bombay High Court
The Bombay High Court has directed the adjudicating authority to re-hear the matter in light of the decision of the GST Council and the circulars,’’ the insurer said in a regulatory filing. Mumbai: In a relief to ICICI Lombard General Insurance, a positive development...
Cabinet approves Rs 1.07 lakh cr Employment Linked Incentive scheme to create 3.5 cr jobs in 2 yrs
The ELI scheme to support job generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector, was approved by the Union Cabinet in a meeting, chaired by Prime Minister Narendra Mod New Delhi: The central...
China pushes commercial insurers in bid to boost local biotechs
The 3.5 trillion yuan ($486 billion) fund — which covers medical expenses for roughly 95% of China’s 1.4 billion people — will also set up a catalog of innovative drugs that can be reimbursed by commercial insurers, according to the document. The list could lead to...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations.The general insurance arm of SBI has allotted 3,71,693 equity shares of ₹10 each during...
Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Minister of State for Finance Pankaj Chaudhary at a high-level meeting in New Delhi to review performance of PSBs Sitharaman...
Govt proposes new registration plate for hydrogen vehicles
According to a draft notification issued by the Ministry of Road Transport and Highways on Friday, in case of a hydrogen fuel operated commercial vehicle, the top half of number plate will be green and bottom half blue, while the figures on plate will be in yellow New...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products New Delhi: Observing that high premiums dissuade people from...
Investors’ wealth surges by Rs 12.26 lakh cr in 4 days of market rally
In the past four days, the benchmark has jumped 2,162.11 points or 2.64 per cent.Tracking optimism in equities, the market capitalisation of BSE-listed firms soared by Rs 12,26,717.72 crore to Rs 4,60,09,217.58 crore (USD 5.38 trillion) in four trading days. New...