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Make faulty road construction non-bailable offence: Gadkari
According to the minister, the ministry data of road accidents in...
India evaluating impact of proposed US restriction on AI chip export: Sources
The proposal has no restriction for 18 key allies of the US, which...
Nuanced, calibrated approach essential for launch of CBDC, says Reserve Bank DG
RBI is planning to come out with a central bank backed digital currency using blockchain technology in 2022-23. As far as India is concerned, he emphasised that RBI is looking at Central Bank Digital Currency (CBDC) as just as the digital form of paper currency and no...
Govt’s focus on affordable healthcare ensured significant savings for poor, middle class: PM
Prime Minister Narendra Modi On World Health Day, Prime Minister Narendra Modi pointed to some facets of this ''pathbreaking scheme'' such as more than 3.2 crore people got free treatment under the Ayushman Bharat Jan Arogya Yojana, over 18 crore Ayushman cards issued...
Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
World Bank says war shocks to drag on Asian economies
The report forecasts slower growth and rising poverty in the Asia-Pacific region this year as “multiple shocks” compound troubles for people and for businesses. The report pointed to three main potential shocks for the region: the war, changing monetary policy in the...
Thailand cancels licenses of 2 P/C insurers
The firms were in serious financial trouble, which could have damaged their clients and the wider public, the Office of Insurance Commission said in a statement late Friday The government will be responsible for payments of outstanding claims and the revocation of the...
Climate change could cost U.S. budget $2 trln a year by end century: White House
"Climate change threatens communities and sectors across the country, including through floods, drought, extreme heat, wildfires, and hurricanes (affecting) the U.S. economy and the lives of everyday Americans," Candace Vahlsing, an OMB climate and science official,...
GST rate for COVID-19 medicines pegged at five percent GST: govt
"At present, Goods and Services Tax (GST) on health insurance services is levied at standard rate, i.e., 18 per cent. Specific health insurance schemes catering to the needs of economically weaker sections of the society and differently abled, such as Rashtriya...
Unemployment rate decreasing in India: CMIE
According to the data, Haryana recorded the highest unemployment rate in March at 26.7 per cent, followed by Rajasthan and Jammu and Kashmir at 25 per cent each, Bihar at 14.4 per cent, Tripura at 14.1 per cent and West Bengal at 5.6 per cent Unemployment rate in the...
Demographic dividend may turn into liability sans enough jobs, skilled workforce: Report
The report points out that India will add another 183 million people to the working age group of 15-64 years between 2020-50 as per the UN Population Statistics database New Delhi; As the country is expected to add another 183 million people to the working age group...
FPIs withdraw Rs 41,000 cr in March
Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said the outflows can be attributed to the anticipation of rate hike by US Fed, and deteriorating geopolitical environment with Russia and Ukraine engaging in a war New Delhi: Continuing...