For equity support, "I propose to introduce a dedicated ₹10,000...
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Budget-26-27:Sitharaman proposes Infra Risk Guarantee Fund to strengthen pvt developers’ risk management
"To strengthen the confidence of private developers regarding risks...
Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs
This group will review the entire banking system and suggest...
Odisha announces launch of financial tech capability hub
Over the next five years, more than 7,000 students from every district of Odisha will gain “futuristic and job-ready skills in AI, blockchain, InsurTech and digital finance”, an official release said. Bhubaneswar: The Odisha government on Thursday announced the launch...
India aviation watchdog finds 263 lapses at Indian airlines in annual audit
DGCA found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. NEW DELHI: India's aviation regulator said on...
Indian state refiners pause Russian oil purchases, sources say
The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. NEW...
Government’s anti-fraud initiative shows remarkable success, 97% reduction in spoofed calls
Jyotiraditya Scindia,Union Minister for Communications The portal's CEIR facility allows users to report lost or stolen handsets for immediate blocking and tracing across all telecom operator networks. This ensures that stolen devices cannot be misused anywhere in...
No Insurance Amendment Bill in Parliament’s Monsoon session
M Nagaraju, Secretary, Department of Financial Services ``The Bill is not in the agenda of the current session of the Parliament,’’ confirmed M Nagaraju, secretary, Department of Financial Services(DFS) Mumbai: It is now official. The much awaited `Insurance...
Govt tasks PSU general insurers to ramp up Property portfolio and customer services
(L to R)-Girija Subramaninan, CMD, New India Assurance(NIA), Krishna S Vatsa, member, National Disaster Management Authority and Parshant K Goyal, joint secretary, Department of Financial Services. at NIA's 107th foundation day celebration ``For protecting...
No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre
Pankaj Chaudhary, Minister of State of Finance Pankaj Chaudhary, Minister of State of Finance, said in the Rajya Sabha that "there is no recommendation of levying GST on UPI transactions of over Rs 2.000 from the GST Council”. New Delhi: The government has reiterated...
Progress in India enabled by dual strategy of strong safety nets, reforms that foster growth: NITI Aayog VC
Suman Bery ,Vice Chairman, NITI Aayog 240 million Indians escaped from multi-dimensional poverty in the decade between 2013-14 and 2022-23, and social protection coverage has more than doubled since 2015. India is on track to achieve health targets for maternal, child...
Central drugs laboratories find 55 samples to be ‘not of standard quality’ in June
These drugs were manufactured by an unauthorized entity using a brand name owned by another company, and the matter is under investigation and action will be taken in accordance with relevant rules. New Delhi: The central drugs laboratories have found 55 samples...
India’s medical tourism market expected to touch $58.2 billion by 2035
Notably, recommends enabling insurance portability by collaborating with international insurance providers to include Indian hospitals in their coverage networks, arguing that this could reduce financial barriers for foreign patients and make India a more viable...