A total of 352 show cause notices were issued and out of them,...
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Govt to constitute high-level panel on banking soon: FM
Nirmala Sitharaman,Finance Minister "I propose setting up a 'High...
EU needs regulations to manage growing security risks posed by Chinese intelligent vehicles
Intelligent cars, typically electric or hybrid vehicles, allow for...
Govt issues notices to 25 offshore crypto assets cos for non-compliance of money laundering law
The government has also instructed these entities to take down their applications/websites from public access in India, the finance ministry said in a statement New Delhi: Financial Intelligence Unit-India, under the finance ministry, has issued notices to 25 offshore...
Sitharaman to launch nationwide awareness campaign of unclaimed financial assets on Oct 4
Nirmala Sitharaman ,Union Minister for Finance and Corporate Affairs, Unclaimed financial assets, including insurance policy claims, bank deposits, dividends, shares, and mutual fund proceeds, often remain unclaimed due to lack of awareness or outdated account details...
Wage revision of PSU Gen Insurance Cos: Govt approves 30% family pension scheme,14% employer’s NPS contribution along with 14% wage hike
Girija Subramanian, CMD, New India Assurance and chairperson of GIPSA GIPSA chairperson Girija Subramanian, in a meeting with unions, has confirmed that the Department of Financial Services (DFS) has moved ahead with the notification with 14 per cent wage hike GIPSA...
India’s livestock sector clocks 12.77 CAGR, contributes 5.5 pc to economy: Minister
Union Minister of Fisheries, Animal Husbandry and Dairying, Rajiv Ranjan Singh highlighted that India is today the world’s largest producer of milk, accounting for nearly 25 per cent of global output with an annual production of 239 million tonnes. India is also the...
RBI holds rates to assess policy impact, projects higher GDP
Sanjay Malhotra, governor, Reserve Bank of India The central bank raised its GDP growth forecast for the current year to 6.8% compared with its previous estimate of 6.5% It expects inflation in the current financial year to come in at 2.6%, lower than its previous...
NIA receives GST notice
The New India Assurance Company Limited on Tuesday said that it has received a Goods and Services Tax (GST) demand notice of Rs 2,379 crore. The order was issued by the Additional Commissioner of Central GST, Palghar Commissionerate, the company informed in a stock...
FSIB recommends R Chander as MD of LIC
The Financial Services Institutions Bureau (FSIB) interviewed five candidates for the positions. LIC has four managing directors besides CEO and MD who heads the life insurance giant. Mumbai: FSIB, the headhunter for directors of state-owned banks and financial...
Govt gets 3,000 complaints of misleading discounts after GST cuts
"If there are too many complaints from different sectors, then they will be qualified for a class action. We are keeping a watch on this. We will surely take notice of anything where consumers are getting cheated with misleading discounts," Consumer Affairs Secretary...
Govt proposes sound alert system for all electric vehicles from October 2027
The ministry in a draft notification said that all new models of electric passenger and goods vehicles manufactured after October 2026 must be equipped with AVAS, a safety feature in EVs to emit an artificial sound to alert pedestrians and other road users about their...
Govt releases guidelines for setting up EV charging stations under PM E-DRIVE
Government premises such as offices, residential complexes, hospitals, and educational institutions will receive 100 per cent subsidy on both upstream infrastructure and EV charging equipment, provided the chargers offer free public access New Delhi: The Centre has...