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Need to further strengthen financial inclusion initiatives: FM Sitharaman

Need to further strengthen financial inclusion initiatives: FM Sitharaman

by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Nirmala Sitharaman,Finance Minister NPCI officials also informed the Finance Minister that between 2021-22 and 2024-25, around 26 crore new users and 5.5 crore new merchants have been successfully onboarded onto the UPI platform. UPI now has approximately 45 crore...
Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session

Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session

by AIP Online Bureau | Apr 27, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Nirmala Sitharaman,Finance Minister Finance Minister Nirmala Sitharaman in this year’s Budget speech proposed to raise the foreign investment limit to 100 per cent from existing 74 per cent in the insurance sector as part of new-generation financial sector...
FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London

FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London

by AIP Online Bureau | Apr 9, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security, Policy, Technology

The key priorities for the India-UK Economic and Financial Dialogue on the Indian side have been flagged as cooperation in IFSC GIFT City, investment, insurance and pension sectors, fintech and digital economy, and mobilising affordable and sustainable climate finance...
No fee to be charged for updation of nominees for PPF accounts: FM

No fee to be charged for updation of nominees for PPF accounts: FM

by AIP Online Bureau | Apr 3, 2025 | Banking & Bancassurance, Indian News, Pension & Social Security, Policy

“The Banking Amendment Bill 2025, passed recently, allows nomination up to 4 persons for payment of depositors’ money, articles kept in safe custody and safety lockers,” said Finance Minister Nirmala Sitharaman New Delhi: Finance Minister Finance...
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