In its order passed on December 24 last year, the high court...
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Country can’t afford to take cyber security resources from even friendly country: IT Secretary
"There is a crucial story, especially in something like cyber...
Make faulty road construction non-bailable offence: Gadkari
According to the minister, the ministry data of road accidents in...
Lot of buzz, interest in market for LIC IPO: Sitharaman
Finance Minister Nirmala Sitharaman ''Now that DRHP (for LIC IPO) is out, there is a buzz and a lot of interest in the market. I am glad the way in which it is crafted where shareholders also have a role to play. The way it has been crafted has created a lot of...
Potential investors in India LIC’s giant IPO fret over govt control of insurer -sources
How effectively LIC and its investment bankers are able to address the investor concerns will help in determining the insurer's valuation in the float, and consequently the state of finances of the Indian government which is banking on proceeds from the IPO to plug an...
Maintain constant vigil on financial sector, work to achieve inclusive growth: FM to regulators
On the appointment of a new IRDAI chief, Sitharaman said: "I share the concern of not having a chairman at IRDAI. Will soon decide on the appointment of IRDAI chairman." Mumbai: The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Tuesday deliberated...
Women reluctant to join company boards, difficult to find those who are interested: Sitharaman
''I have actually made a lot of attempts in my own level as a minister in calling up some people and saying please would you not want to come to a board? We want your experience. We want presence. No, I have not had enough women coming. So, there is a serious issue,”...
LIC wants to remain IDBI Bank shareholder for bancassurance gain
M R Kumar,chairperson,LIC Elaborating on bancassurance channel, Kumar said LIC has distribution tie up with 58,000 branches of different banks. There is still a lot of scope and headroom for growth on that front, he said adding that the corporation will also be keen...
Govt aims sustained recovery; infra spends will have multiplier effects: FM
Union Finance Minister Nirmala Sitharaman Stating that technology has helped the government make payments to the affected people during the pandemic, Sitharaman said it is also looking at how digital solutions can be deployed in the education and the farming sectors...
Low Budget allocation to healthcare: Fin secy says it is primarily states’ responsibility
Finance Secretary T V Somanathan Finance Secretary T V Somanathan said the Centre provides for some ''cross-cutting health infrastructure'' and also spends on the Pradhan Mantri Jan Arogya Yojana, which helps people from lower strata of the society to access...
Govt to soon decide on giving additional charge of New India Assurance CMD
The finance ministry had proposed to give additional charge to Anjan Dey,CMD of Delhi based Oriental Insurance Company, till the appointment of a new CMD of the Mumbai-based NIA, sources said. The insurance sector regulator IRDAI has sought clarification from the...
G20 says global corporate tax deal should go live next year
Years of negotiations culminated last October when nearly 140 countries reached a deal on a minimum tax rate of 15% on multinationals and agreed to make it harder for companies like Google, Amazon and Facebook to avoid tax by booking profits in low-tax jurisdictions...
G20 finance leaders dilute geopolitical risks reference in communique
Their statement instead said: "We will also continue to monitor major global risks, including from geopolitical tensions that are arising, and macroeconomic and financial vulnerabilities." G20 finance leaders on Friday watered down language on global economic risks...