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Govt plans selling stakes in GIC Re, LIC in FY24/25

Govt plans selling stakes in GIC Re, LIC in FY24/25

by AIP Online Bureau | Apr 19, 2024 | Eco/Invest/Demography, Indian News, Life, Reinsurance

“The government has received good feedback in investor roadshows for GIC, and is open to sell its 10 per cent stake in tranches depending on its shares’ value,” the official said. The sale of 10 per cent stake in GIC would be done over a period of time, the...

Remove Bournvita from category of ‘health drinks’: Govt tells e-commerce firms

by AIP Online Bureau | Apr 13, 2024 | Health, Indian News, Policy, Regulation, Risk Management

Earlier, the NCPCR had called upon the Food Safety and Standards Authority of India (FSSAI) to initiate action against the companies that failed to meet safety standards and guidelines and were projecting power supplements as ‘health drinks’. New Delhi: The Ministry...

China blocks use of Intel and AMD chips in government computers, FT reports

by AIP Online Bureau | Mar 24, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options, the report said. According to the FT report, Chinese officials have begun following the guidelines, which were...
“Government in process of creating dedicated deeptech startup policy,” says DPIIT Secretary RK Singh

“Government in process of creating dedicated deeptech startup policy,” says DPIIT Secretary RK Singh

by AIP Online Bureau | Mar 18, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology

Rajesh Kumar Singh, the Secretary of the Department for Promotion of Industry Emphasizing the importance of government support for startups, Singh highlighted that beyond funding, startups require orders from the government to kickstart their journey effectively. He...
Govt approves 17 % wage hike for LIC employees

Govt approves 17 % wage hike for LIC employees

by AIP Online Bureau | Mar 15, 2024 | Indian News, Life

The revision incorporates an enhancement in National Pension System( NPS) contribution from 10% to 14% for a better future of nearly 24,000 employees, who had joined after Apr, 2010 Mumbai: After banking, the government has approved a 17 per cent hike in the wages of...
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