Indian News

Finance Minister Nirmala Sitharaman

India announces ban on electronic cigarette sales

Eco/Invest/Demography, Health, Non-Life       Sep 18, 2019

  New Delhi: India announced on Wednesday a ban on the sale of electronic cigarettes, as a backlash gathers pace worldwide about a technology promoted as less harmful than smoking tobacco.   The announcement by India came a day after New York became the second US state...

India can be a global hub for tourism healthcare & data analytics: Kumar Mangalam Birla

Eco/Invest/Demography, Health, Technology       Sep 17, 2019

  Mumbai: Indian corporates need to hold themselves accountable to global standards of governance if India wishes to re-shape the global economic order, Aditya Birla Group Chairman Kumar Mangalam Birla said on September 17. Speaking at an event here, Birla said that with changing times the...

ONGC fined Rs 2.05cr for green norm violation in Assam

Guwahati: The Pollution Control Board, Assam has slapped a fine of Rs 2.05 crore on PSU firm Oil and Natural Gas Corporation (ONGC) for allegedly violating an order by the Supreme Court and causing pollution to the environment.   The board's order was issued considering violation...

Govt mulling another booster dose to reinvigorate economy

Eco/Invest/Demography       Sep 17, 2019

  New Delhi: The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the stimulus is ready that would...

Small towns account for 15.3% of MF asset base, Maharashtra biggest contributor

Eco/Invest/Demography, Wealth Management       Sep 17, 2019

  Mumbai: Small towns or B30 cities contributed 15.3 per cent to mutual fund industry's assets under management of Rs 25.64 lakh crore as of August-end, and Maharashtra remained the biggest contributor to the assets base. Over the past few years, markets regulator Sebi has been...

Global investors bet $45 bn on Modi's India. Now they are reversing it

Eco/Invest/Demography       Sep 17, 2019

  After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers are now unwinding those wagers at the fastest pace on record. They’ve sold $4.5 billion of Indian shares since...

Mutual funds collection via SIP up 7.5% to Rs 8,231 cr in August

Eco/Invest/Demography, Wealth Management       Sep 16, 2019

Mumbai: The mutual fund industry managed to garner Rs 8,231 crore through systematic investment plans (SIPs) in August, a rise of 7.5 per cent from the year-ago period, despite volatility in equity market.   With this, total SIP contribution in the first five months of the...

Govt to cut insurance premium rates for small exporters: Piyush Goyal

Eco/Invest/Demography, Non-Life       Sep 16, 2019

   NEW DELHI : The commerce ministry will soon approach the Cabinet for reduction in insurance premium rates to 0.6% for small exporters having an outstanding limit of less than ₹80 crore, Union Minister Piyush Goyal said on Monday.   The commerce and industry minister said the...

National Health Authority, IRDAI recommend measures to check frauds, data standardization

Eco/Invest/Demography, Health, Non-Life       Sep 15, 2019

NEW DELHI: The National Health Authority, responsible for implementing the Ayushman Bharat scheme, and Insurance Regulatory and Development Authority of India (IRDAI) have launched a report recommending best practices, common standards, collaborative measures and IT framework for data standardisation and to check frauds.   A joint...

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