Indian News

Budget 2020 likely to raise spending to revive economic growth: Report

Eco/Invest/Demography       Jan 28, 2020

  New Delhi: Indian Prime Minister Narendra Modi's government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said.   India is facing its worst economic slowdown in a decade....

FinMin's new measures to protect prudent commercial decision of bankers

  With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance in dealing with large value frauds committed by bank officials.   Powers have been...

IRDAI issues guidelines on group health insurance policies of merged PSBs

  Hydearbad: The insurance regulator IRDAI on Tuedsay has laid down the gidelines on the Group Health Insurance Policies issued by the Public Sector Banks (PSBs) which are gettimg merged.   Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the...

Indian entities facing 3 times more cyberattack than global average: Check Point

Eco/Invest/Demography, Non-Life       Jan 27, 2020

New Delhi: Indian organisations have faced over three times more cyberattack than the global average, with cryptocurrency mining malware impacting most of the entities, according to a research. Most of the attacks have come on Indian companies via online medium, Israel-based firm Check Point Software...

Govt to evacuate Indians from Coronavirus-hit Wuhan in China

Eco/Invest/Demography, Health       Jan 27, 2020

  New Delhi: The government on January 27 decided to prepare for possible evacuation of Indian nationals from Wuhan city in Coronavirus-hit Chinese province of Hubei.   The decision was taken at a high-level meeting chaired by Cabinet Secretary Rajiv Gauba which carried out a detailed review...

Budget 2020: SIAM seeks incentive-based scrappage policy, GST rate cu

Eco/Invest/Demography, Non-Life       Jan 27, 2020

New Delhi: Auto industry body SIAM on Monday urged the government to announce an incentive based scrappage policy ahead of the Budget, while also seeking a reduction in GST on BS-VI vehicles to 18 per cent.   Society of Indian Automobile Manufacturers (SIAM) also suggested Finance...

Sitharaman may announce the merger of 3 PSU gen insurers in Budget 2020

Non-Life, Risk Management       Jan 26, 2020

  New Delhi: After seeking the approvals of the boards of three PSU general insurance companies –United India Insurance(UII),Oriental Insurance Company)OIC) and National Insurance Company(NIC)-whose merger into one company was announced by former finance minister Arun Jaitley while presenting the Buget 2018-19- it is now expected...

Eyeing leadership position in electric vehicle segment: Tata Motors

Eco/Invest/Demography, Non-Life       Jan 26, 2020

  Mumbai: Tata Motors aims to establish itself as the leader in the electric vehicle (EV) market in the country as it looks to roll out new products for both private and fleet segments, a senior company official said.   The company, which sells its Tigor EV...

Budget 2020: Govt unlikely to offer relief in income tax, here's why

Eco/Invest/Demography       Jan 26, 2020

  New Delhi: Tax collections in the current fiscal may fall short of targets by as much as Rs 2 trillion on faltering economy, leaving a very little room for Finance Minister Nirmala Sitharaman for offering any meaningful reduction in personal income tax rates. Sources with...

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