Property owners must submit key details, including site plans and...
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China exploring options to open up a wider range of financial areas: Financial regulator
Total assets under foreign banks and insurance institutions in...
US spends nearly $1 trillion on disaster recovery and other climate-related needs over last one year
Overall, increased climate costs from insurance premiums, power...
Regularly monitoring compliances of intermediaries with new IT rules: MoS IT
Rajeev Chandrasekhar,Minister of State for Electronics and IT “Intermediaries should take additional measures to not permit any advertisements of illegal loan and betting apps. Intermediaries have been warned that non-compliance will lead to losing exemption from...
Govt formulating action plan to compensate victims of cyber financial frauds
Vivek Joshi, Secretary, Department of Financial Services Also discussed was the issue of integration of Citizen Financial Cyber Fraud Reporting and Management System platform with National Cybercrime Reporting Portal with the aim to centralise the platform that will...
Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river
“Through the project, ADB continues to pursue its cost-effective, adaptive, and systematic river stabilisation approach to managing the Brahmaputra river. While deploying riverbank protection technology, ADB will also continue to build the capacity of state agencies...
Climate change drives world to first 12-month spell over 1.5C
Already 2023 was the planet's hottest year in global records going back to 1850, as human-caused climate change and El Nino, the weather pattern that warms the surface waters in the eastern Pacific Ocean, pushed temperatures higher "We are heading towards a...
Equity mutual fund inflow hits almost 2-yr high of Rs 21,780-cr in Jan
The flow in January was the highest since March 2022, when equity-oriented mutual funds witnessed an inflow of Rs 28,463 crore. Also, the latest flow marks the 35th consecutive month of net inflows in equity funds New Delhi: Equity mutual funds experienced a net...
RBI leaves key rates unchanged as inflation remains above 4%
Monetary policy must continue to be actively disinflationary, RBI Governor Shaktikanta Das said in his statement MUMBAI: India's key rate was left unchanged for a sixth straight meeting on Thursday, as inflation remained above the central bank's 4% medium-term target...
PM Modi tears into Congress for ‘spreading lies’ on LIC, PSUs
Prime Minister Narendra Modi People’s confidence is improving in PSU shares, the Prime Minister said, as he shared some key facts and inputs in the Upper House to buttress his views that LIC and HAL are making progress in what contradicts the claims of the opposition...
EU agreement on ESG Ratings seen as world’s toughest
Under the agreement, ESG ratings providers based in the EU “will need to obtain an authorization” from the European Securities and Markets Authority, the Council said A provisional agreement in the European Union setting guardrails around the ESG [environmental,...
Europe gains powers to tackle supply chain emergencies
The move was also spurred by the row with AstraZeneca in 2021 over delays in delivering COVID-19 vaccine doses to the 27-country European Union EU countries and lawmakers on Feb 1 agreed to rules which will require Europe-based companies to prioritize production of...
Premiums for disaster-prone areas need to be subsidised: Parl panel
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...