Prataprao Jadhav,Minister of State for Health and Family Welfare...
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Indian Non-Life Insurance Industry:On a growth trajectory
The Indian Non-Life insurance industry continues to show maturity...
Govt may consider OFS option for raising public float in IDBI Bank
Earlier this month, the proposed sale of a 60.72 per cent majority...
After 18 yrs S&P upgrades India’s sovereign rating on economic resilience, infra spending, inflation control
"India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances, while maintaining its strong infrastructure drive," S&P said in a statement New Delhi: In a landmark development, after 18...
Govt appoints IDBI Capital, and Motilal Oswal for LIC’s OFS
The OFS , which could be between 2.5% and 3% of government's equity in LIC, could mobilise between Rs14,000 crore and Rs 17,000 crore New Delhi: The government is firming up further stake sale of between 2.5% and 3% of its equity in Life Insurance Corporation (LIC)...
No proposal to restore Old Pension Scheme for central government employees: FM
Nirmala Sitharaman,Union Finance Minister UPS has been introduced through a notification by the government on January 24, 2025, as an option under NPS, she said. Under UPS, she said, assured payout is admissible on retirement at 50 per cent of the twelve-month...
1,114 hospitals de-empanelled, 1,504 penalised under Ayushman Bharat Insurance scheme
"Suitable actions including de-empanelment of 1,114 hospitals, levying penalty worth Rs 122 crore on 1,504 errant hospitals and suspension of 549 hospitals have been taken against fraudulent entities as reported by the states and UTs," Minister of State for Health and...
India well-equipped to tackle evolving online harms, cyber crimes: Govt tells Parliament
Jitin Prasada, Union Minister of State for Electronics and Information Technology The MoS informed that to combat the rising threat of deepfakes and ensure an open, safe, and accountable cyberspace, the Government of India has established a comprehensive legal and...
Govt extends PM E-DRIVE Scheme by two years till March 2028
According to a gazette notification on the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, the provisions of the scheme will now be in effect till March 2028 instead of March 2026. However, the terminal date for registered e-2W...
RBI decides to keep interest rate unchanged at 5.5 pc
Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. Mumbai: After three successive...
Pollution boards can impose environmental damages, says SC
Having considered the principles that govern Indian environmental laws, we have held that the environmental regulators, the Pollution Control Boards exercising powers under the Water and Air Acts, can impose and collect restitutionary or compensatory damages in the...
Finance Act 2025 provides substantial relief under new tax regime: Minister
The Finance Act, 2025, has increased the income threshold for claiming a tax rebate under section 87A of the Income Tax Act, 1961 for resident individual taxable under the new tax regime under section 115 BAC of the Act from Rs 7 lakh to Rs 12 lakh, and the maximum...
India hasn’t directed oil refiners to stop buying Russian oil
India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world’s biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up...