Notably, recommends enabling insurance portability by collaborating...
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RBI to issue climate risk disclosure rules for banks soon
As part of the central bank's climate disclosure rules, banks will...
Parliamentary panel on Income Tax Bill adopts report makes 285 suggestions
According to the government, the new Bill aims to simplify...
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...
House panel recommends reduction of GST on health, term and micro insurance policies
Jayant Sinha, chairman, Parliamentary Standing Committee on Finance The Committee is in favour of allowing composite licensing that could provide further impetus to the insurance sector owing to its various benefits New Delhi: The Parliamentary Standing Committee on...
Availability of containers not affected due to Red Sea crisis: Patel
Minister of State for Commerce and Industry Anupriya Patel said that Indian Navy has substantially enhanced maritime surveillance efforts in central/north Arabian Sea and augmented force levels. For effective surveillance of EEZ (exclusive economic zone), Indian Navy...
Thousands of accounts at Paytm Payments Bank set up improperly – sources
The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, Multiple accounts at Paytm Payments Bank were linked to the same identification proof and that transactions in those accounts ran into millions of rupees....