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RBI wants govt to prohibit cryptocurrencies: Sitharaman
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman said, any legislation for regulation or for banning such currencies can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of...
EPFO likely to enhance investment limit in equities to 20 per cent
The proposal to revise the limit to 20 percent has been vetted and approved by the Employees' Provident Fund Organisation's (EPFO) advisory body Finance Audit and Investment Committee (FAIC) New Delhi: Retirement fund body EPFO is likely to approve this month a...
BoI launches digital mode for NPS enrollment
Bank of India launched its digital mode for the enrollment in National Pension System (NPS) in association with K-fintech. Customers can now open the NPS account on their mobile in a hassle free & paperless manner, simply by scanning the QR code. The new digital...
Rajasthan gets AI-powered tool for fast disposal of cases at Lok Adalat
According to the statement, the platform helps one perform end-to-end dispute resolution with easy drafting and filing of applications, one-click generation of e-notices, smart templates to draft settlement agreements, digital hearings powered by tailor-made video...
SpiceJet faces frequent mid-air malfunctions and financial woes
That notice from the regulator, DGCA, said SpiceJet has failed to establish “safe, efficient and reliable air services,” and a number of its aircraft returned to their origin or continued their journey with “degraded safety margins,” according to the missive, a copy...
Average farm income soars 1.3-1.7 times in FY22 from FY18: SBI Research
For certain crops in some states (like soybean in Maharashtra and cotton in Karnataka) farmers' income more than doubled in FY22 from FY18 levels, while in all other cases it rose in the range of 1.3-1.7 times The increase in the income of farmers engaged in cash...
‘Gloomy’ information suggests ‘foreign hand’ behind cloudburst: KCR
K Chandrashekhar Rao,Chief Minister,Telangana ''A new method called cloudburst has come. They say there are conspiracies around it. We don’t know how far it is true. Some foreign countries are deliberately doing cloudbursts in our country. Earlier, they did it in Leh...
3 emergency landings of international airlines in India in last 48 hours
"We had two emergency landings of foreign operators on Saturday. Air Arabia at Cochin due to hydraulic issues and Ethiopian at Kolkata due to pressurisation issue," said an official In a third similar incident, on July 15, an aircraft of SriLankan airlines made an...
Wage-Revision: PSU general insurance unions threaten “2-day complete strike” from July 27th, demand pay parity with LIC
``In case of any failure on the part of our managements to revert on priority basis, we shall have no choice but to observe 2-day complete strike in PSGICs and GIC Re on 27th & 28th July 2022 and any other IR action as warranted, in consonance with the sentiments...
Shriram Group’s non-banking financial entities to get amalgamated by Dec qtr: MD & CEO YS Chakravarti
YS Chakravarti, Managing Director and CEO, Shriram City Union Finance Shriram City Union Finance Ltd (SCUF) has received shareholders' approval for the merger and it is expected to get the nod from the Insurance Regulatory and Development Authority of India (Irdai)...
Punjab CM gives nod to state disaster mitigation fund
Bhagwant Mann,Chief Minister,Punjab The chief minister said a total sum of Rs 729.60 crore will be available in the SDMF from 2021 to 2026, which will be instrumental in further augmenting the preparedness of the state for any sort of natural disaster Chandigarh:...
Pandemic, supply disruptions pose risk to food security; urgent actions needed says World Bank led joint statement
Citing World Food Programme data, the joint statement said the number of acute food insecure people increased to 345 million in 82 countries "Making matters worse, around 25 countries have reacted to higher food prices by adopting export restrictions affecting over 8...
Cargo plane with Serbian defence material crashes in northern Greece
Serbia's defence minister said the plane was carrying 11.5 tonnes of products made by its defense industry and the buyer was Bangladesh defense ministry. He said the crew members were killed. ATHENS: A Ukrainian cargo plane carrying munitions from Serbia to Bangladesh...
Pay GST on hospital rooms above Rs 5,000 from Monday
The government has now notified that all such clinical establishments including hospitals, nursing homes, and sanatorium would be liable to pay tax on the gross room rentals which is more than Rs 5,000 per day Services rendered by regulators such as RBI, IRDA and SEBI...
Terrorism, cyber crime main challenges before Mumbai Police: Top cop Phansalkar
Mumbai Police Commissioner Vivek Phansalkar ''Tackling terrorism is a challenge before the Mumbai police and our efforts are continuously on to keep the city safe and terror-free. The safety of every citizen here is the Mumbai Police's primary duty,'' he said Mumbai:...
Technical problem forces IndiGo plane to land in Karachi
"IndiGo flight 6E-1406, operating from Sharjah to Hyderabad was diverted to Karachi. The pilot observed a technical defect. Necessary procedures were followed and as a precaution, the aircraft was diverted to Karachi," IndiGo said in a press release New Delhi: Another...
No cooperative sector database so far; govt has begun work to create it: Amit Shah
Union Home and Cooperation Minister Amit Shah Union Home and Cooperation Minister Amit Shah said "neither do we have the database of cooperative societies of fishermen, nor do we have the database of cooperatives working in irrigation sector" Even, the Minister said,...
Garuda Aerospace to assist NDRF in flood affected Gujarat, AP
The drones would be deployed to deliver food and necessary medicines to people affected by the floods in Vadodara (Gujarat) and in Guntur, Andhra Pradesh Chennai: Drone start-up Garuda Aerospace has offered its assistance to National Disaster Response Force in...