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Govt seeks merchant bankers for selling equity in public sector banks financial institutions

by AIP Online Bureau | Feb 24, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity...

Govt takes stock of infrastructure of district hospitals for setting up daycare cancer centres

by AIP Online Bureau | Feb 23, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

The estimated expenditure for setting up these centres will be Rs 3,200 crore, said Union health ministry officials New Delhi: The government has started a survey to identify gaps and review the infrastructure in all district hospitals in order to implement the budget...
Govt eases norms for import of vintage cars

Govt eases norms for import of vintage cars

by AIP Online Bureau | Feb 19, 2025 | Data, Non-Life, Policy, Regulation

However, it said such cars that would be plying on public roads will continue to be subject to Motor Vehicles Act, 1988. New Delhi: The government has eased norms for imports of cars classified as “vintage motor vehicles” by actual users, according to a...
DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy

DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy

by AIP Online Bureau | Feb 17, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

Union Finance Minister Nirmala Sitharaman is launching Mutual Credit Guarantee Scheme for MSMEs in Mumbai on Monday Govt asks private life insurance companies to increase the free look period for policyholders from one month to one year. The Centre is working on more...

Govt says Russian oil suppliers must provide sanctions-compliant cargoes

by AIP Online Bureau | Feb 13, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. “We don’t want to take risk. We are not going to touch any cargo that involves sanctioned entity or...
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