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RBI Governor cautions depositors to be careful while chasing high returns
RBI Governor Shaktikanta Das PM Modi said that over 1 lakh depositors have got about Rs 1,300 crore of their money with stressed banks in the past few days with the enactment of the legislation.He assured that about three lakh more such account holders will get their...
India to be among a few economies to rebound strongly; impact of Omicron to be less severe: Finmin report
''India is among the few countries that have recorded four consecutive quarters of growth amid Covid-19 (Q3, Q4 of FY21 and Q1, Q2 of FY22) reflecting the resilience of the Indian economy. The recovery was driven by a revival in services, full-recovery in...
Bank deposit insurance cover increased to Rs 5 lakh, refund within 90 days: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal "The most important thing is that earlier it used to take nearly 10 years, now it has been ensured that the day on which the Reserve Bank of India decides to shut down the bank, the sum of Rs 5 lakh will be refunded...
TN Chopper Crash: New India and United India settle PA claims of Gen Rawat and others in record time
``Our team immediately sprung into action obtained minimum mandatory documents required for the bank and expeditiously released the amount of sum insured i.e. Rs.30 Lacs within an hour and also ensured that the amount gets credited to their Axis Bank account of...
Centre committed to achieving universalisation of social security, says Union Minister Bhupender Yadav
Union Labour and Employment Minister Bhupender Yadav The Minister further informed that the Labour Bureau of Ministry is undertaking all-India surveys on migrant workers, domestic workers, transport sector workers, which will help in developing policies for the...
Top equity funds in Asia are all buying China’s green stocks
China’s push to reach carbon neutrality by 2060 is fueling growth in what is already the world’s largest renewables market and a leading one for electric-vehicle automakers and suppliers. That’s produced record rallies and eye-watering valuations for some stocks in a...
Hindustan Syringes shuts plant owing to pollution, triggers shortage scare
"We have been asked to shut down our needles and syringes plants in Faridabad along with the factories of several other companies," said HMD Managing Director Rajiv Nath Chennai:The closure of needles and syringes manufacturing factories located in Haryana's...
Only 3-5% of total hospital beds available For Emergency Care: Report
The report said, emergency and injury cases annually accounted for 9-13 per cent of all patients presenting to a health facility and 19-24 per cent of admissions in government hospitals and 31-39 per cent admissions in private hospitals Violence between relatives of...
PM Modi to address depositors in bank deposit insurance programme tomorrow
"Deposit insurance covers all deposits such as savings, fixed, current, recurring deposits, etc. in all commercial banks, functioning in India. Deposits in State, Central and Primary cooperative banks, functioning in States/Union Territories are also covered," said...
Deal or no deal, insurance rates soar to cover M&A boom
Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or order book, while sellers buy cover to ensure a clean exit. The M&A insurance market has risen to more than $5 billion from less than $3...
COVID crisis led to significant economic losses for BRICS: RBI
The COVID crisis has led to significant economic losses and made the social fabric of the BRICS fragile by amplifying unemployment, poverty, gender disparity and migration risks, the bulletin noted. Mumbai:The COVID crisis has led to significant economic losses and...
Sebi asks mutual funds, alternate investment funds, portfolio managers to disclose investors charter, complaint data
Mutual funds are required to disclose the details of investor complaints on their respective websites as well as on AMFI website on a monthly basis in the prescribed format The data needs to be disclosed latest by 7th of succeeding month, Sebi said in separate...
Time for Covid-19 booster doses, recommends house panel
The Committee has also recommended that the MHA may take up with the Health Ministry to issue guidelines on fixation of price ceilings for hospital beds during pandemics like COVID-19 and other public health emergencies and due publicity be given to such prices. New...
Major outage hits Amazon Web Services; many sites affected: Report
More and more these outages end up being the product of automation and centralization of administration,said Doug Madory, director of internet analysis at Kentik Inc, a network intelligence firm . This ends up leading to outages that are hard to completely avoid due...
3258 children orphaned during pandemic approved for support under ‘PM-CARES’ scheme: Govt
Women and Child Development Minister Smriti Irani told Lok Sabha the applications for such children are uploaded on the portal by respective state and union territory governments. As on December 8, 5,714 applications have been uploaded on the portal out of which 3,258...
No recommendation from NTAGI yet on inoculating children: NITI member
NITI Aayog Member (Health) Dr V K Paul said the National Technical Advisory Group on Immunization meets often where science is being "looked at systematically, carefully. We do not have any recommendations on pediatric vaccination from them as yet. They are examining...
IMF, 10 countries simulate cyberattack on global financial system
Rahav Shalom-Revivo, head of Israel's financial cyber engagements, said international collaboration between finance ministries and international organizations "is key for the resilience of the financial eco-system." JERUSALEM: Israel on Thursday led a 10-country...
Over 14 crore Health IDs generated so far: Govt
Pawar said 33 states and UTs implementing AB-PMJAY have further expanded the coverage of the scheme to include 13.44 crore families (65 crore people). The AB-PMJAY is implemented in all states and UTs barring West Bengal, NCT of Delhi and Odisha.It is the world's...