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Government open to raising deposit insurance cap of Rs 1 lakh: Arun Jaitley on FRDI Bill

by AIP Online Bureau | Jan 3, 2018 | Indian News, Policy

NEW DELHI: Finance Minister Arun Jaitley today assured the Rajya Sabha that the government is considering putting in place a "much better" security measure for bank depositors and is open to suggestions for raising the deposit insurance limit from Rs 1 lakh...

No proposal of PSB merger under consideration: Govt

by AIP Online Bureau | Jan 2, 2018 | Indian News

New Delhi: Union minister Shiv Pratap Shukla today said no proposal regarding merger of Public Sector Banks (PSBs) is under consideration of the government.    However, the government has put in place an approval framework for proposals to amalgamate...

California legalises recreational marijuana sale

by AIP Online Bureau | Jan 2, 2018 | Facts, Health

San Francisco: California has begun its first historic legal sales of recreational marijuana, inaugurating a milestone move with projections pointing to a turnover of at least $7 billion a year.  Lines formed outside stores licensed to sell the drug long before...

No charges on debit card transactions up to Rs 2,000: Finance Ministry

by AIP Online Bureau | Jan 2, 2018 | Indian News, Technology

NEW DELHI: Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000 from today onwards. Last month, Union Cabinet approved a proposal that government will bear the merchant discount rate...

10,000 seaplanes to floating cities, e-highways: Gadkari’s infra plans

by AIP Online Bureau | Jan 1, 2018 | Articles

  New Delhi: Clear water bodies dotted with 10,000 seaplanes, 'floating cities' in the form of ocean cruises and electric vehicles zipping on dedicated highway lanes — that's the future as envisioned by Transport Minister Nitin Gadkari.  ...
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