The sanctions target oil giants Rosneft and Lukoil, which between...
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Digital payment adaptability in India reaches 87%: FM Sitharaman
India is recognised as a world leader in digital payments,...
HDFC Life Q2 net profit inches up 3 pc to Rs 447 cr
"The recent GST revisions are a constructive structural shift aimed...
China refines financial stability law to strengthen risk prevention
The bill aims to establish a comprehensive cross-agency mechanism for risk detection and mitigation within the financial system, as the country grapples with a prolonged real estate crisis and vulnerabilities in smaller banks China’s new financial stability law draft...
Government working on aggregation of CA firms, accounting standards for insurance sector
Apart from the aggregation of CA (Chartered Accountants) firms, the corporate affairs ministry is also working on having accounting standards for the insurance sector and Limited Liability Partnerships (LLPs), Corporate Affairs Secretary Manoj Govil said New Delhi:...
Climate change can no longer be ignored: CJI
D.Y. Chandrachud,Chief Justice of India The CJI said he was delighted to know that these new GRIHA-rated court buildings will focus on heat island mitigation and reduce environmental footprint. Green Rated Integrated Habitat Assessment (GRIHA) -- a rating tool that...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the transition and adapting economies to a new climate era, it will require a paradigm shift in how risk management is prioritised if climate finance is to be deployed and businesses are to secure their...
EPFO’s gross new subscribers addition declined by over 4 per cent to 10.9 million in 2023-24
The report also showed that the gross addition of members of Employees' State Insurance Corporation (ESIC) also dipped to 16,760,672 in 2023-24 from 16,773,023 in 2022-23 New Delhi: Retirement fund body EPFO's gross new subscribers addition declined by over 4 per cent...
AP Govt to disburse hiked welfare pensions on July 1
N Chandrababu Naidu,Chief Minister,Andhra Pradesh Over 65 lakh beneficiaries under 28 categories will benefit. The new government has also increased pensions to eligible specially-abled persons from Rs 3,000 per month to Rs 6,000 per month Amaravati (Andhra Pradesh):...
Delhi airport roof collapse raises concerns over Govt’s massive infra push
The issues cast a harsh spotlight on Modi’s building spree, which officials are leaning on to boost development in the world’s fastest-growing major economy. According to Bloomberg Economics, 44.4 trillion rupees ($532 billion) worth of new infrastructure will become...
BJP’s women wing calls for probe into Foxconn India hiring practices
Foxconn hiring agents and HR sources interviewed by Reuters cited family duties, pregnancy and higher absenteeism as reasons why Foxconn did not hire married women at the plant. The story has sparked debates on TV channels and newspaper editorials New Delhi: The...
Insurance Awareness Day: Industry Leaders Lay Out Action Plans
The journey towards widespread insurance coverage begins with informed individuals and families. India's insurance penetration rate for 2023-24 is anticipated to be 3.8%, with life insurance penetration expected to be 2.9%. These figures underscore the pressing need...
Centre asks depts to timely review employees’ working to prematurely retire non-performers
In an order, the Department of Personnel and Training (DoPT) asked ministries concerned to direct the public sector undertakings (PSUs), banks, autonomous institutions and statutory bodies under their administrative control to undertake the exercise of periodic review...