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FM asks banks to adopt robust risk management practices and mitigating cyber security risks

FM asks banks to adopt robust risk management practices and mitigating cyber security risks

by AIP Online Bureau | Jul 9, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Finance Minister Nirmala Sitharaman Some of the challenges highlighted during the meeting between Finance Minister Nirmala Sitharaman and heads of public sector banks included the declining share of market share in terms of advances, and low-cost deposit mobilisation...
6.64 lakh families receive claims for Rs13,290 crore under PMJJBY scheme: FM

6.64 lakh families receive claims for Rs13,290 crore under PMJJBY scheme: FM

by AIP Online Bureau | May 9, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

Union Finance and Corporate Affairs Minister Nirmala Sitharaman Under PMSBY scheme, Sitharaman said that more than 1.15 lakh families have received claims for Rs 2,302 crore New Delhi: Celebrating the 8th anniversaries of the three social security (Jan Suraksha)...
6.64 lakh families receive claims for Rs13,290 crore under PMJJBY scheme: FM

India calls for global coordination to effectively regulate cryptocurrency

by AIP Online Bureau | Apr 25, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Wealth Management/ Philanthropy

Nirmala Sitharaman,Union Finance Minister “The underlying principle is because the digital currencies are completely digitalised and technology-driven, the technology, which is very distributed, and sometimes identity is very difficult to be established, but...
Finance minister proposes panel to look into issues related to Govt employees’ Pension

Finance minister proposes panel to look into issues related to Govt employees’ Pension

by AIP Online Bureau | Mar 24, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

“I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for...
E-rupee worth over Rs 130 crore in circulation: Sitharaman

E-rupee worth over Rs 130 crore in circulation: Sitharaman

by AIP Online Bureau | Mar 13, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology

It is being distributed through financial intermediaries, i.e., banks. Users can transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones/devices. Institutional merchants like retail chains, petrol pumps etc. have also...
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