It will also review the current safety rules and suggest new ways...
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FM to meet heads of public sector banks on June 27 for annual review
Comprehensive review of various segments and progress in government...
No MDR will be charged on UPI transactions: FinMin
"Speculation and claims that the MDR will be charged on UPI...
Japan’s 3 major casualty insurers plan to sell $9.5 billion of cross-held shares
Eliminating cross shareholdings is seen by many as a yardstick for measuring corporate governance reform at Japanese companies. Japan’s industry body for non-life insurers told its members in September to cut their cross-shareholdings in the aftermath of a...
Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years
For ITR-U filed within 12 months and 24 months of the end of relevant AY, 25 per cent and 50 per cent additional tax respectively have to be paid. New Delhi: The Income Tax department has notified ITR-U which will allow taxpayers to file updated returns for 4 years...
Geneva Association report calls for action to safeguard home insurance amid rising extreme weather risks
“Extreme weather is no longer a future threat – it’s disrupting lives and businesses today. But we’re not powerless. By urgently investing in stronger local building standards, nature-based solutions, and climate-resilient infrastructure, we can protect people and...
EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel
The G7 price cap was agreed in December 2022, banning trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibiting shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe,...
Govt reviews COVID-19 situation abroad
As of May 19, 2025, the number of active COVID-19 cases in India stands at 257 -- a very low figure considering the country's large population. Almost all of these cases are mild, with no hospitalisation required. New Delhi: Following recent media reports of a surge...
New e-Zero FIR will help nab cyber criminals with unprecedented speed, says Amit Shah
Union Home Minister Amit Shah Started as a pilot project for Delhi, the new system will automatically convert into FIRs cyber financial crimes filed on the National Cybercrime Reporting Portal (NCRP) and helpline number 1930, initially above the threshold limit of Rs...
Ministry of Labour and Employment notifies sweeping amendments to the Employees’ Provident Fund rules
The new provisions directly affect over 6 crore salaried employees came into force today, aim to streamline compliance, improve transparency, and secure long-term financial stability for the nation’s workforce New Delhi: In one of the most far-reaching reforms to...
All high court judges entitled to full pension: SC
Observing that denial would amount to violation of right to equality under Article 14 of the Constitution, a bench comprising Chief Justice B R Gavai and Justice Augustine George Masih said full pension will be paid to all irrespective of when they were appointed and...
GIC Re officers’ association urges Sitharaman to delink reinsurer from GIPSA
``GIC Re’s lean organisational structure with fewer than 500 employees, compared to the thousands employed by public sector general insurance companies (PSGICs), makes uniformity under GIPSA operationally infeasible and strategically flawed,'' the GIC Re officers'...
Foreign investors infuse Rs 4,452 cr in Indian equities this week, net investment in May at Rs 18,620 cr: NSDL
Despite the positive trend in May, FPIs continue to be net sellers in 2025. Since the beginning of the year, the total net FPI outflow stands at ₹-93,731 crore Foreign Portfolio Investors (FPIs) made strong investments in the Indian equity markets this week, bringing...