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Govt firm on privatising 2 public sector banks: Report

by AIP Online Bureau | May 25, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation New Delhi: The government is on course with the privatisation of two public sector banks (PSBs) and will take appropriate steps in the coming months, sources...

Govt to soon approve recast of Banks Board Bureau

by AIP Online Bureau | May 15, 2022 | Banking & Bancassurance, Indian News, Non-Life, Policy

The Delhi High Court(Delhi HC), while disposing one of the cases , has already disapproved BBB’s power to select directors of public sector insurance companies while another case questioning the BBB’s power to appoint CMDS of PSU general insurance...

Govt amends FEMA rules to allow 20% foreign direct investment in LIC

by AIP Online Bureau | Apr 17, 2022 | Indian News, Life

Setting the stage for the country’s biggest-ever public offering, Sebi has approved the draft prospectus for sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore According to the draft paper, LIC’s embedded value, a measure of the...

Govt in discussion with World Bank for collaboration on coal mine closure framework

by AIP Online Bureau | Apr 13, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

Coal Additional Secretary M Nagaraju said both renewable energy (RE) and coal will go hand in hand complementing each other for some more time and then RE will take over the energy security of the country The ministry had earlier said it is in the process of...

Govt considers widening Covid booster shots to all adults in India: Report

by AIP Online Bureau | Mar 21, 2022 | Health, Indian News, Pandemic

The government is debating whether to provide boosters to other groups for free, said one of the sources, who both sought anonymity as the government has yet to make a decision. A health ministry spokesperson did not immediately respond to a request for comment New...
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