According to the notification issued by the state Finance...
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Few remaining green lungs in cities like Mumbai, Navi Mumbai need to be preserved: SC
“It is a much-known practice. The government creeps into whatever...
Out-of-pocket health expenditure declined to from 64.2 % in 2013-14 to 39.4% in 2021-22: NITI Aayog
V K Paul, Member (Health), NITI Aayog “This decline in...
Govt mulls action against India heads of social media on fake news
During recent meetings with the representatives of the Twitter India, Facebook, WhatsApp and Youtube, the government officials made it clear that the social media platforms have to comply with the directives without delay, and if not done, action under law would be initiated against them.
What Will Happen to EU Financial Services Firms After No-Deal Brexit?
Britain says it will allow EU financial service firms to continue operating in the U.K. for up to three years – though it can’t guarantee the reverse will also be true.The documents say “people and businesses should not be alarmed” by the planning.
Prepare a list of the public sector banks that can be merged: Govt asks RBI
In a meeting this month, finance ministry officials also asked the Reserve Bank of India to suggest a time frame for the consolidation, the people said, asking not be named as the information isn’t public. The move is aimed at creating fewer, better-capitalized lenders and improving regulatory oversight.
Finance Ministry asks PSU bank CEOs to check frauds in NPAs or face penal action
More than a dozen companies undergoing bankruptcy resolution are being reviewed by banks and investigating agencies for fraudulent activities including diversion of funds
UIDAI plans Aadhaar crash course on risks
UIDAI’s proposed FAQs argue that mere knowledge of Aadhaar cannot harm an individual or be misused for impersonation, as it is fortified with additional security layers like biometrics and OTP (one time password) authentication, making it more secure than other identity documents
Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU
Brexit will mean banks, insurers and asset managers in Britain losing the unfettered access to the bloc’s customers they currently have under EU “passporting” rules
Outgo on pension to exceed salary payment this fiscal: Finance Ministry
As per the projections, the salary bill of the government will go up from Rs 1.50 lakh crore in last fiscal to Rs 1.58 lakh crore this year. It will further rise to Rs 1.66 lakh crore in 2019-20 and Rs 1.74 lakh crore in 2020-21.However, the pension outgo with outpace the salary expenditure going up from Rs 1.45 lakh crore in last fiscal to Rs 1.68 lakh crore in current fiscal, Rs 1.79 lakh crore in 2019-20 and Rs 1.84 lakh crore in 2020-21.
Social media communication hub policy withdrawn: Centre tells Supreme Court
Supreme Court lashed at the government over the hub and observed that it will be “like creating a surveillance state”. On August 24 last year, a nine-judge bench of the Apex Court declared that privacy is a constitutional right.
After public concerns over ‘bail-in’ clause, govt to withdraw FRDI bill
The ‘bail-in’ clause was included in the bill as one of the tools for resolution for bank failure. It provides for depositors to bear a part of the cost of the resolution by corresponding reduction in their claims
Govt introduces bill to check unregulated deposits, prescribes 10-year jail for perpetrators of ponzi schemes
It prescribes monetary penalty and jail term which could be extended up to 10 years for duping gullible depositors. The monetary penalty could be as high as Rs 50 crore. The government has proposed these stringent provisions in wake of several ponzi schemes where gullible investors, mostly poor people, were defrauded of amounts running into thousands of crores of rupees.