The government plans to sell a stake of about 2% in the state-run...
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FSIB to select a new CMD for New India on May 28,6 PSU and Pvt sector officials in race
From PSU insurance sector, Lavanya Mundayur, CMD, Agriculture...
Parl panel to discuss impact of West Asia crisis on India’s maritime trade
India's maritime trade, especially in the energy sector, has been...
Govt mulls allowing 49% FDI in PSU banks
M. Nagaraju, secretary, Department of Financial Services Foreign ownership in State Bank of India - the country’s largest lender - and 11 other state-owned banks is capped at 20%, a legacy restriction rooted in the government’s desire to retain strategic control of...
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...