LiveBill to Increase FDI in Insurance Sector Gets Approved by Parliament
A bill to increase foreign direct investment (FDI) in the insurance sector from 49 per cent to 74 per cent was approved by Parliament with...
Category : ECONOMY
‘Over Rs 2.46 Lakh Crore Sanctioned Under ECLGS’, Says Government
The cumulative sanctioned and disbursed amounts under the Emergency Credit Line Guarantee Scheme (ECLGS) to MSMEs stood at Rs 2.46 lakh crore and Rs 1.81...
Govt Proposes to Increase Re-registering Fee of 15-Year-Old Vehicles
In a bid to discourage plying of old vehicles on public roads, the Ministry of Road Transport and Highways today issued a draft notification to...
Withholding Tax on FPI Debt Return May Surge to 20%
The authorities tweaked earnings tax guidelines to accommodate a helpful withholding tax price of 10 per cent to different funding funds (AIFs) that make investments...
Niti Aayog Leaves 6 PSBs Out of Privatization Plan
The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 to...
FM, US Treasury Secretary ‘Exchange Notes’ on Global Economy
Union Finance Minister Nirmala Sitharaman on Monday held a discussion on the global economic outlook and exchanged notes on issues of mutual interest with US...
Exim Bank Sees Exports Growing 4.9% in Q4
Exim Bank on Monday said it expects merchandise exports to touch USD 78.6 billion logging in a 4.9 per cent growth on-year in the March...
India to Propose Cryptocurrency Ban, Fining Traders
India will propose a law banning cryptocurrencies, fining anyone trading in the country, or even holding such digital assets, a senior government official told Reuters...
India’s February Fuel Demand Falls to Five-Month Low
India’s fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued...
Insurers Soon be Able to Launch Covers Without Regulator Nod
IRDAI wants to move to a ‘use and file’ system where insurers can market products without first obtaining approval from the regulator, said Chairman Subhash...