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Govt vehicles older than 15 yrs to be scrapped, says road transport ministry

by AIP Online Bureau | Jan 19, 2023 | Eco/Invest/Demography, Indian News, Non-Life

Under the new policy which is effective from April 1, 2022, the Centre has said states and Union Territories will provide up to 25 per cent tax rebate on road tax for vehicles that are purchased after scrapping old vehicles. New Delhi: From April 1, all vehicles owned...
Sebi allows govt stake in IDBI Bank to be reclassified as public post sale

Sebi allows govt stake in IDBI Bank to be reclassified as public post sale

by AIP Online Bureau | Jan 5, 2023 | Banking & Bancassurance, Indian News, Life, Policy, Regulation

The government had requested Sebi to treat its residual stake in IDBI Bank as a financial investment since it would not exercise any control over the bank or have any special rights The government would also not have any representation on the bank’s board The...

1,040 lives lost in road accidents caused by use of mobile phone: Govt

by AIP Online Bureau | Jan 1, 2023 | Data

A total of 4,12,432 road accidents occurred in 2021, which claimed 1,53,972 lives while 3,84,448 people were injured New Delhi: A total of 1,997 road accidents occurred in 2021 due to the use of mobile phone by drivers while driving, which claimed 1,040 lives,...
Govt may seek a private sector chief to lead LIC – sources

Govt may seek a private sector chief to lead LIC – sources

by AIP Online Bureau | Dec 8, 2022 | Indian News, Life, Policy

“The government is planning to broaden the eligibility criteria for appointment of LIC CEO so that private sector candidates can apply,” said one of the government officials, who declined to be identified as the discussions are private New Delhi: India...

Govt raises maximum tenure of PSU banks’ CEO to 10 years

by AIP Online Bureau | Nov 18, 2022 | Banking & Bancassurance, Indian News, Policy

As per a government notification dated November 17, 2022, the term for the appointment has been extended to 10 years, from the earlier 5 years, subject to superannuation age of 60 years The decision of the government would help banks to retain the talent who rise to...
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