Policy

Govt approval must for all FDIs from neighbouring countries including China

Indian News       Apr 18, 2020

  New Delhi: The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb "opportunistic takeovers" of domestic firms following the COVID-19 pandemic, a move which will restrict FDI from China.   Chinese central bank -...

Health and motor insurance renewal date further extended till May 15

Indian News       Apr 16, 2020

  New Delhi: The Centre has allowed health and motor insurance policyholders to defer payment of their renewal premium falling due during the period of the ongoing lockdown that has been extended till May 3.   The finance ministry in a revised notification on Thursday has now...

Prime minister Narendra Modi

Nationwide lockdown extended till May 3:PM Modi

Indian News       Apr 14, 2020

  New Delhi: India on Tuesday extended until May 3 a nationwide lockdown for its 1.3 billion people as the number of coronavirus cases crossed 10,000 despite a three-week shutdown.   Prime Minister Narendra Modi has announced that the ongoing nationwide 21-days lockdown that is supposed to...

Coronavirus pandemic: Health Ministry issues guidelines for disinfecting public places, dos and dont's for elderly

Facts       Mar 29, 2020

  New Delhi: The Health Ministry on Sunday issued guidelines for disinfecting public places including offices and a set of dos and don'ts for the elderly in view of the coronavirus outbreak.   In its guidelines on environment cleaning, decontamination of public places in areas reporting COVID-19,...

No decision to discontinue printing of Rs 2,000 banknotes: MoS Finance Thakur

Indian News       Mar 16, 2020

  New Delhi:  The government on Monday said no decision has been taken to discontinue printing of Rs 2,000 banknotes, and state-owned SBI and Indian Bank are reconfiguring ATMs for Rs 500 and Rs 200 notes.   "No indent was placed with the presses for printing of...

Europe 'panicking' over India's pharmaceutical export curbs: Industry group

International News       Mar 04, 2020

  New Delhi: India's top pharmaceuticals export group said the government's curbs on some drug exports amid the spreading coronavirus outbreak has caused panic in Europe and will "severely impact" businesses in the sector.India's list of restricted medicines account for 10% of its total pharmaceutical exports...

SEBI asks investment advisers operating in IFSC to have $700,000 net worth

Indian News       Feb 28, 2020

Mumbai: Capital markets regulator Sebi on Friday said investment advisers operating in International Financial Services Centre (IFSC) are required to have a net worth of $7,00,000 (around Rs 5.05 crore). Earlier, the net worth requirement for investment adviser (IA) in IFSC was $1.5 million.   The...

Punjab to reduce govt employees retirement age to 58 yrs

Indian News       Feb 28, 2020

Chandigarh: The retirement age of Punjab government employees will be reduced to 58 years from 60 years currently, a move intended to offer more employment opportunities to young people. The announcement in this regard was made by state Finance Minister Manpreet Singh Badal while presenting...

Mega bank merger on track, says Sitharaman amid worry over April 1 deadline

Indian News       Feb 26, 2020

  New Delhi: Mega bank merger on track, says Sitharaman amid worry over April 1 deadlineWith the April 1 deadline for the mega merger of 10 state-run banks into four fast approaching, Finance Minister Nirmala Sitharaman on Wednesday asserted that there is no uncertainty about the...

Govt revises rules for enhanced disclosures in auditor reports of companies

Indian News       Feb 26, 2020

   New Delhi: Auditors will soon be required to provide details about companies' defaults on borrowings in a prescribed format as well as ensure disclosure of various other information in their reports, with the government putting in place a stricter framework.   The corporate affairs ministry has...