Welcome to My Blog
Here is a masonry blog layout with no sidebar
Crypto’s like Bitcoin and Ethereum will never become a legal tender: Finance Secretary
Finance Secretary TV Somanathan Finance Secretary said, “Digital rupee will be backed by RBI which will never default. Money will be of RBI but the nature will be digital. The digital rupee issued by RBI will be the legal tender. We can purchase non-digital assets...
India’s unemployment rate falls sharply to 6.57 pc, lowest since March 2021: CMIE
CMIE MD and CEO Mahesh Vyas, in his analysis of the December data, said 35 million people were actively looking for work in December 2021, of which 23 per cent or 8 million were women. New Delhi: India's unemployment rate witnessed a sharp decline to 6.57 per cent in...
HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance
PNB had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) with the bank in FY20 Canara Bank owns 51 per cent stake, while HSBC Insurance (Asia Pacific) Holdings Ltd as a foreign partner owns 26 per cent. New Delhi:...
LIC 10th most valued insurance brand globally with $8.65 bn valuation: Report
LIC,which is bound for the nation's largest share sale by March, is the strongest and the largest brand in the country with a valuation of $8.656 billion (around Rs 64,722 crore), which also makes it the third strongest insurance brand globally, according to a brand...
LIC IPO: Draft prospectus to be filed next week, issue in March: Dipam Secy
Secretary in the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey, said approval of the insurance regulator is awaited, post which the draft prospectus, detailing the size of the share sale, will be filed. New Delhi: Government is likely...
XL’s India FRB to shut down, to be merged with AXA France’s FRB
-Prior to the global merger- AXA group acquired XL group in 2018- both the groups had their own FRBs in India and are continuing to operate as separate entities in the country till now -IRDA confirms its stand formally to allow only one FRB belonging to the group....
Drunk driving leads to 8,355 road accidents in 2020; wrong-side driving causes 20,228 mishaps
Gadkari said that while jumping red light led to 2,721 accidents, the use of mobile phones while driving caused 6,753 accidents According to the minister, a total of 62,738 accidents occurred due to other reasons New Delhi: Drunk driving led to Rs 8,355 road...
India seeks tougher action from US tech giants on fake news: Report
The meeting was a follow-up to the I&B ministry's use of "emergency powers" in December and January to order the blocking of 55 channels on Google's YouTube platform, and some Twitter and Facebook accounts New Delhi; Indian officials have held heated discussions...
Omicron subvariant BA.2 likely to have same severity as ‘original’ -WHO
BA.2 is more transmissible than the more common BA.1 and more able to infect vaccinated people, according to a Danish study which analysed coronavirus infections in more than 8,500 Danish households between December and January. The subvariant is already becoming...
Self-driving car companies zoom ahead, leaving U.S. regulators behind
Cruise, Tesla, Alphabet Inc's Waymo and Aurora Innovation Inc are among many companies aiming to deploy fully autonomous vehicle technology in the United States within the next two to three years, whether or not federal regulators give them a clear legal framework for...
Insurers hope to benefit from Budget spurred economic growth
``We are confident that the proposed measures such as the National Digital Health Ecosystem and the tele mental health program will raise awareness, and in turn encourage people to opt for health insurance,’’ said. PC Kandpal, MD & CEO, SBI General Insurance...
Marine heatwaves impacting Indian monsoon rainfall: Study
In the study led by climate scientist Roxy Mathew Koll and published in the journal 'JGR Oceans', the researchers reported a significant increase in marine heatwaves, aided by rapid warming in the Indian Ocean and strong El Niños (weather event associated with unusual...
Budget 2022-23:Tax deduction limit of state govt employees increased from 10 pc to 14 pc
''This is a significant announcement to bring state government employees on par with the central government employees and this will help state government employees getting extended social security benefits in line with their counterparts in the union government,''said...
Govt aims to attain vision of promoting energy transition and climate action
Energy efficiency and saving measures through setting up of Energy Service Company (ESCO) business model in large commercial buildings will also facilitate capacity building and awareness for energy audits, performance contracts, and common measurement and...
NGOs raise concern over reduction in fund allocation in Budget for social sector
HelpAge India said there were high expectations from the budget given the pandemic which has adversely affected the income, pension and health needs of the nearly 14 crore elderly population. ''The budget has left those unaddressed,'' it said. New Delhi: NGOs working...
Budget fails to cheer healthcare sector as many demands unmet
NATHEALTH President Harsh Mahajan said, ''The embedded credit issue in the healthcare sector still remains unaddressed, and we hope to soon find a viable solution acceptable to the government.'' There is also a need to create fiscal incentives for investments/PPP in...
Budget 2022-23:FY’23 disinvestment receipts pegged at Rs 65K cr; LIC IPO expected shortly
''The public issue of the LIC is expected shortly. Others too are in the process for 2022-23,'' FM said New Delhi: The government's receipts from disinvestment proceeds in the next financial year beginning April have been pegged at Rs 65,000 crore, lower than the...
Datacentre, energy storage system get infrastructure status: FM
''The budget also accords infrastructure status to energy storage systems, and provides additional incentives of Rs 19,500 crore for setting up integrated solar module units to meet ambitious target 280 GW of solar power. This highlights the government's commitment...