The government has been taking several policy initiatives to...
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Govt clears ‘Mission Mausam’ with an outlay of Rs2,000 cr for transformative initiatives on climate-related science
The mission's focus will include improving observations and...
GST Council defers any decision on reduction of taxes on Health and Life covers
The council has recommended to constitute a Group of Ministers...
Centre frames draft policy on data privacy under National Digital Health Mission
Data collected across the National Digital Health Ecosystem (NDHE) will be stored in at the central level, the state or Union Territory level and at the health facility level, by adopting the principle of minimality at each point, according to the document.
China vows support for Hong Kong as Financial Hub
Bankers and their lawyers from Hong Kong to Washington have been poring over the fine-print to reconcile how they can dodge major consequences from being squeezed between U.S. and Chinese laws. Running afoul of the legislations put companies at risk of fines or losing their license to do business.
Govt to hire Deloitte, SBI Capital Markets to help LIC prepare for IPO
The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the company in reworking its financial statement, according to a tender document issued in June.The government will soon invite bids seeking firms to value LIC,
Taiwan to further free up economy, aiming to become Asian financial hub
Instability in Chinese-ruled Hong Kong, especially after Beijing enacted a new national security law there, has called into question how long the city can remain Asia’s dominant financial centre.
While Taiwan is unlikely to supplant Hong Kong immediately, the government does hope to seize the opportunity to attract professionals and capital from the city.
Indian government keen to speed up stake sale in four banks
India currently has a dozen public sector banks in addition to IDBI, in which the government owns 47.11% while the state-owned insurance behemoth Life Insurance Corp owns a 51% stake.
Taxpayers” charter to send right message to global investors on regulatory certainty: Experts
This is part of ”Transparent Taxation — Honoring the Honest” platform which has been launched with the key objectives of bringing in transparency, efficiency and accountability. It would focus on faceless assessment and appeals, apart from the taxpayers” charter.
Plea in SC seeks commission for inquiry into mismanagement of COVID-19 pandemic
The petition has alleged that the Centre failed to undertake timely and effective measures for containing transmission of the virus and an independent inquiry by a commission, appointed under the Commissions of Inquiry Act 1952, was essential to inquire into the “lapses”.
Govt resumes appointment of directors in PSU general insurance companies,BBB selects 9
The nine senior officials who have new been selected as the new GM and directors are-Swami Balla for NIA, Anjan Dey for GIC Re,Deepak Prasad for GIC Re, Neera N Saxena for,NIC,Navneet Doda for NIC,Susmita Mukherjee for NIA,,Atul Jerath for OIC, Ravi Rai and Rajeev Chaudhury for UII.
Cabinet likely to take up proposal for Credit Guarantee Enhancement Corp soon
India requires an investment of whopping Rs 111 lakh crore in infrastructure over the next five years to sustain a healthy economic growth, according to the report of the Task Force on National Infrastructure Pipeline (NIP).
To meet the huge funding requirement, Credit Guarantee Enhancement Corporation would be one of the tools for mobilising funds for infrastructure development, sources said.
India attracts $22 billion FDI during COVID-19: Amitabh Kant
The Niti Aayog CEO said that if India wants to transform then it needs a programme like aspirational district programme.
Aspirational districts programme, launched in January 2018, aims to transform 112 districts that have shown relatively lesser progress in key social areas and have emerged as pockets of under-development.