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Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions

Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions

by AIP Online Bureau | Aug 1, 2025 | Indian News, Life, Policy, Regulation

“As far as LIC is concerned, we have completed the RFP process. The process for appointment of merchant bankers and legal advisors has been completed,” DIPAM) Secretary Arunish Chawla said The government needs to offload another 6.5 per cent stake in the...
Government’s anti-fraud initiative shows remarkable success, 97% reduction in spoofed calls

Government’s anti-fraud initiative shows remarkable success, 97% reduction in spoofed calls

by AIP Online Bureau | Jul 29, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

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...
No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre

No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre

by AIP Online Bureau | Jul 27, 2025 | Eco/Invest/Demography, Indian News, Policy

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...

Govt clears appointments of 5 EDs in PSU general insurance cos

by AIP Online Bureau | Jul 22, 2025 | Briefs, Non-Life

The government on Tuesday has cleared the appointments of five executive directors(EDs) in different PSU general re/insurance companies. Anjana Saxena and Amandeep Singh Grover have been posted as EDs in Oriental Insurance Company, Jayashri Balkrishna in GIC-Re,...
Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions

Govt to sell minority stake in LIC

by AIP Online Bureau | Jul 10, 2025 | Eco/Invest/Demography, Indian News, Life

The quantum of stake sale, price and timing would be decided in due course, the source added. The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027....
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