Indian News

Govt's net tax collection rises 86% to Rs 5.57 trillion in first quarter

Eco/Invest/Demography, Policy       Jul 26, 2021

  New Delhi: The government's total tax collection in the April-June quarter grew about 86 per cent to more than Rs 5.57 lakh crore, Parliament was informed on Monday. Out of the total amount, collection of net direct tax stood at Rs 2.46 lakh crore and...

Decommissioning coal power plants older than 25 yrs can save Rs 37K cr: Study

New Delhi: Decommissioning coal power plants older than 25 years on priority could result in total savings of Rs 37,750 crore, a study by Council on Energy, Environment and Water (CEEW) said. Besides, an another study by CEEW suggested that power distribution utilities or discoms...

SBI Life Q1 profit slumps 43 % to Rs 220 crore on higher Covid claims payout

Health, Life       Jul 26, 2021

  Mumbai: SBI Life Insurance Company Ltd (SBI Life) on Monday reported a 43 per cent slump in its net profit to Rs 220 crore for the quarter ended in June hit by higher claim payouts due to Covid-19 pandemic. The insurer had posted a net...

Pandemic leaves Indians mired in massive medical debts

Eco/Invest/Demography, Health, Non-Life, Pandemic       Jul 26, 2021

  NEW DELHI:  As coronavirus cases ravaged India this spring, Anil Sharma visited his 24-year-old son Saurav at a private hospital in northwest New Delhi every day for more than two months. In May, as India’s new COVID-19 cases broke global records to reach 400,000 a...

COVID-19: India adds 39,361 fresh cases,416 fatalities

Eco/Invest/Demography, Health, Non-Life, Pandemic       Jul 26, 2021

  New Delhi: With 39,361 people testing positive for coronavirus infection in a day, India's total tally of COVID-19 cases rose to 3,14,11,262, while the daily positivity was recorded above three percent after 35 days, according to the Union Health Ministry data updated on Monday. The...

IPOs will drive startup revolution in India, says Amitabh Kant

Eco/Invest/Demography, Technology       Jul 25, 2021

New Delhi: Digitisation has provided an impetus to the startup ecosystem in India and IPOs will drive the country's startup revolution, Niti Aayog CEO Amitabh Kant said on Friday. Addressing a virtual event organised by Innovation Venturing and Entrepreneurship in India Network (iVEIN), Kant said...

Ageas Federal Life Insurance expects 35-40pc premium growth in FY22

Banking & Bancassurance, Life       Jul 25, 2021

  Mumbai: Ageas Federal Life Insurance Company expects a 35-40 per cent growth in premium income in the current financial year despite higher claim payouts in the first quarter, a top company official said. The company looks to keep the momentum going after better-than expected performance...

India urges G20 countries to fulfill emission targets

India has urged the group of 20 nations with per capita greenhouse gas (GHG) emissions above the world average to take immediate steps to reduce their emissions so that the world stays on the right track to leave a better planet for future generations. Union...

FinMin moves file for extension of 3 MDs, 10 EDs of govt-owned banks

Banking & Bancassurance, Policy       Jul 25, 2021

New Delhi: The finance ministry has moved a file for the extension of tenure of three public sector banks' managing directors, including Punjab National Bank (PNB), according to sources. Besides, the sources said the ministry has also recommended the Department of Personnel and Training (DoPT)...

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