Life Insurance Corporation of India (LIC) on Thursday presented a dividend cheque of Rs 1,831.09 crore to Finance Minister Nirmala Sitharaman. LIC Chairman Siddhartha Mohanty presented the dividend cheque as the government’s share of dividend in the presence of Department of Financial Services Additional Secretary MP Tangirala, the insurer said in a statement. The dividend … Read more
New Delhi: Finance and corporate affairs minister Nirmala Sitharaman Tuesday called for further simplification of official processes to ensure maximum and effective delivery of public services. Consistency in the reform policy, with focus on individual and institutional efficiencies, will come in handy in the delivery of such services, she said at the ‘Chintan Shivir’ deliberations … Read more
The recent spike in tomato prices has been driven by a raft of factors, including crop seasonality and heavy monsoon downpours, and the government has taken a series of steps to address inflationary pressure in essential commodities, finance minister Nirmala Sitharaman told Parliament on Monday. In a written reply in the Lok Sabha, the minister … Read more
MUMBAI – The government’s decision to allow Indian companies to go for direct listing on foreign exchanges as well as on the International Financial Service Centre (IFSC) has been lauded by market mavens, as they believe this will attract investments and growth capital. While speaking at the launch event of AMC Repo Clearing and a … Read more
A group of four men was arrested by the Saroornagar police for kidnapping and assaulting two officers from the Central Excise Department when they had reportedly gone to conduct raids on Wednesday. Police rescued them from the gang and nabbed the accused. The officials had reportedly gone to raid the places on information that the … Read more
A file photo of a protest by outfits against Tamil Nadu Governor R.N. Ravi in Salem. | Photo Credit: The Hindu Posters have come up on Anna Salai in Chennai questioning if the Tamil Nadu Governor R.N. Ravi would write to Delhi seeking dismissal of Union Ministers who were allegedly facing criminal charges. Union Finance … Read more
Prime Minister Narendra Modi on June 26, 2023, chaired a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Urban Affairs and Petroleum Minister Hardeep Singh Puri. Senior officials including the principal secretary to the PM were also present. | Photo Credit: Video grab: Twitter/@PTI_News Prime Minister Narendra Modi on Monday (June 26) … Read more
The Rail and roads ministries have spent the most from the fund allocated by the Centre for capital investment, according to a report in the Times of India. The two ministries have been allocated almost 50% of the Centre’s overall capital investment planned during the financial year. The TOI report, citing official data, said that … Read more
The Reserve Bank is not planning to issue any separate norms to regulate social media influencers pedalling their personal views on the financial markets since sector watchdog Sebi is already on it. Addressing media after the monetary policy announcement on Thursday wherein the central bank has for the second time in a row left the … Read more
High-powered Financial Stability and Development Council (FSDC) headed by Finance Minister Nirmala Sitharaman on Monday underlined the need of launching a drive to help people get their unclaimed deposits in banks and other financial institutions. Briefing reporters about the discussions in the meeting, Economic Affairs Secretary Ajay Seth also said there is no spillover effect … Read more