Nirmala Sitharaman,Finance Minister The GST Council is expected to...
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GST Revamp: Inverted duty structure is a key concern for insurers
Rakesh Jain, CEO, Reliance General Insurance A key concern is the...
Govt has rescue-centric approach to handle disasters: Amit Shah
Amit Shah, Union Home Minister ``As a result of the efforts of the...
Road ministry clarifies legal status of bike taxis
'It is clarified that as per section 2(28) of the MV Act, vehicles having less than four wheels fitted with an engine capacity exceeding 25cc are also included within the definition of motor vehicles. Hence, 'motorcycles' shall fall within the ambit of Section 2(7) of...
Japan unexpectedly slips into recession, Germany now world’s third-biggest economy
"What's particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand," said Yoshiki Shinke, senior executive economist at Dai-ichi Life Research Institute Tokyo: Japan unexpectedly slips into recession,...
Delhi HC orders Delhi Government to provide Rs 50,000 ex-gratia compensation to families of COVID-19 victims
In a judgment, the apex court had made clear that irrespective of the cause of death mentioned in the death certificate, if a family member satisfies the requisite eligibility criteria, he or she shall also be entitled to the ex gratia payment of Rs 50,000 on...
MoS Health Bharati Pawar lists out measures taken to ensure quality of medicines
Bharati Pravin Pawar,Union Minister of State for Health and Family Welfare The Drugs and Cosmetics Rules, 1945, have been amended, making it mandatory that before the grant of manufacturing licence, the manufacturing establishment be inspected jointly by the Drugs...
ESIC extends medical benefits to superannuated insured persons with relaxed norms
The persons who were in the insurable employment for at least 5 years after April 1, 2012 and superannuated/voluntarily retired on or after April 1, 2017 with wages up to Rs 30,000 per month will be benefitted under the new scheme New Delhi: The Employees’ State...
Britain’s financial regulators need ‘ambitious mindset’, says industry leader
“At Lloyd’s, we have the capacity and expertise to evaluate and approve a new underwriting syndicate within 30 days, but the external regulators require many months more before making a decision, causing businesses to set up outside the UK,” said Carnegie-Brown,...
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...