Nirmala Sitharaman,Finance Minister The government is likely to...
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Govt kept investment bankers in dark on LIC’s unusually fast $3.3 billion OFS deal
Officials in the state divestment department kept the launch date a...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive...
EU to force companies to buy components from non-Chinese suppliers, FT reports
Under the new legislation companies would be limited to buying about 30% to 40% of components from a single supplier and would have to source the rest from at least three different suppliers not coming from the same country, the FT said. The European Union is...
Falling fertility sparks push for more children in India
The country’s total fertility rate (TFR), the average number of children per woman, declined to 2 in the 2019/21 government assessment period, down from 3.4 in 1992/93, due to increasing use of contraceptives and rising education among females. A rate of 2.1 is...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said. NEW DELHI: India's finance ministry directed...
AP govt plans financial rewards for larger families:Chief Minister
N Chandrababu Naidu,Chief Minister,Andhra Pradesh "I have made a new decision. We will provide Rs 30,000 immediately after the birth of a third child and Rs 40,000 for a fourth child. Isn't this the right decision?" Naidu said on the sidelines of the...
Financial systems must remain connected to real economy: PM’s principal Secy cautions against speculation
PK Mishra,Principal Secretary to Prime Minister Addressing the 20th convocation of the National Institute of Bank Management (NIBM) in Pune, Mishra said,"In India, this convergence of finance and technology has enabled the creation of one of the world's most ambitious...
SHANTI Act rules to be rolled out soon:Jitendra Singh
Union Minister of State (Independent Charge) Jitendra Singh The SHANTI Act introduces critical amendments designed to expand private and foreign participation in India's nuclear power sector; clarify the liability framework for nuclear operators; operationalize the...
Nagaraju launches $1.5 bn Bharat Marine Pool,hands over policies issued by New India
L to R-Sanjay Lohiya,special secretary, Department of Financial Services(DFS), M. Nagaraju,secretary, DFS, officials from Vedanta Sterlite and Balram Chini Mills, Girija Subramanian,CMD, New India Assurance, Kasturi Sengupta, secretary general, GI Council, Hitesh...
Amid cyber fraud concerns, Census 2027 adds QR code verification for door-to-door visits
The safeguard comes when several cyber fraud cases have surfaced across the country.Fraudsters pose as law enforcement or government officials to dupe people using fake documents, impersonation and digital verification requests New Delhi:Amid a rise in cyber fraud...
India to shrink zones around nuclear reactors to free up land, sources say
The decision on exclusion zones, however, risks a backlash in a country where nuclear power has faced public opposition despite no major accident record. NEW DELHI:India plans to reduce the size of exclusion zones around nuclear plants to free up significant amounts...
Govt to launch $100 million Bharat Marinme Pool on Tuesday in New Delhi
The BNP, that cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, will have a sovereign guarantee of Rs 12.980 crore which was approved by the government on Apr 18. New Delhi:The Indian government is launching its first ever $100 million...