On November 18 last year, a three-judge bench headed by the then...
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NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission...
Govt advertises for New India’s CMD post, pvt sector candidates can apply
The post will fall vacant as Girija Subramanian, CMD, NIA, will be...
Budget-26-27:Allocation for PM-JAY raised 5.56% to ₹ 9,500 crore
Nirmala Sitharaman,Finance minister Allied Health Professional Institutes in 10 key disciplines will be set up and upgraded to create nearly one lakh skilled professionals over the next five years, through public and private sector participation. Additionally, a...
Budget-26-27: Tax holiday for GIFT City businesses doubled to 20 years
`Post the expiry of tax holiday period, the business income shall be taxed as the lowest rate of 15%. This is a shot in the arm and provides great certainty for clients looking at setting up their base in GIFT City (including for all the global reinsurers,fund...
Budget-26-27:FM proposes Rs 10,000 cr SME fund in Budget
For equity support, "I propose to introduce a dedicated ₹10,000 crores SME growth fund to create future champions, incentivising enterprises based on select criteria. I also propose to top up the self-reliant India fund set up in 2021 with ₹2,000 crore to continue...
Budget-26-27:Sitharaman proposes Infra Risk Guarantee Fund to strengthen pvt developers’ risk management
"To strengthen the confidence of private developers regarding risks during nfrastructure development and construction phase, I propose to set up an Infrastructure Risk Guarantee Fund to provide prudently calibrated partial credit guarantees to lenders," New...
Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs
This group will review the entire banking system and suggest changes to support India’s next stage of economic growth. At the same time, it will focus on financial stability, inclusion, and protecting consumers, said Sitharaman while delivering her 9th consecutive...
Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
CS Setty,Chairman,State Bank of India On the long‑standing demand for parity between bank deposits and other financial instruments, the SBI Chairman said fiscal realities make preferential treatment for deposits difficult despite the need for a level playing field...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the people said.It would be the first time Beijing has used special bonds to...
WHO sees low risk of Nipah virus spreading beyond India
"The WHO considers the risk of further spread of infection from these two cases is low," the agency told Reuters in an email on Friday, adding that India had the capacity to contain such outbreaks.There is no evidence yet of increased human to human transmission,''...
Economic Survey 2025-26:Towards a healthy India
Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...