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On 19th June, 2024, the Reserve Bank of India (RBI) invited applications for recognizing Self Regulatory Organizations (SROs) for NBFC sector under RBI’s framework. Within a period of one year after recognition as an SRO, or before commencement of operations, the applicant must achieve a minimum net worth of Rs. 2 crore. For the NBFC […]
In order to encourage people to avail the health policies as a measure of social security, an umbrella body of non-life insurance agents known as the Confederation of General Insurance Agents’ Association of India has urged the government to reduce the GST taxed on individual health insurance policies from existing 18 percent to 5 percent. […]
The World Economic Forum (WEF) has released its global Energy Transition Index in which India has been ranked at 63rd position. WEF said that India has shown significant improvement in energy equity, security and sustainability. The top five countries that dominated the top ranks in Energy transition Index are Sweden, Denmark, Finland, Switzerland and France […]
Generative AI chatbot Gemini’s mobile app has been launched by Google in India in English and nine Indian languages. In a blog post, Google said, “Both the Gemini app and Gemini Advanced, which gives users access to Google’s most capable AI models, will now be available in nine Indian languages, helping more people access information […]
According to draft papers submitted with the Securities and Exchange Board of India (SEBI) on 15th June, South Korea’s Hyundai Motor plans to sell up to 17.5% of its India unit during the IPO, in what could be the biggest-ever IPO in Indian history. The car manufacturer wants to raise $2.5–3 billion through initial shares […]
The Department of Telecommunications (DoT) has provided a list of Do’s and Don’ts when it comes to mobile cybersecurity. Let’s check them out. Do’s A record of IMEI number must be kept to help in registration of complaints and tracing of handset in case it is lost or stolen. Always lock your phone or keep […]
The Unique Identification Authority of India (UIDAI) has announced that it has extended the deadline to update Aadhaar card details without any charges. The UID holders have been given time until 14th September to complete their Aadhaar card update without incurring any fees, according to UIDAI. While the Aadhaar card update remains free on the […]
In today’s financial landscape, banks tend to play an important part when it comes to offering multi-faceted financial services to both people and corporations. Mostly, they act as a link between money and people by taking deposits and offering loans. There are two main sections where banks can be divided: public sector banks and private […]
BJP-led NDA government plans to significantly increase the pension payments provided to central government employees under the National Pension System (NPS). Relative to the present market-based returns system, the proposal provides a pension guarantee of up to 50% of the last basic pay. Finance Secretary-led Pension Scheme Committee A committee headed by Finance Secretary T […]
Beneficiaries of PM-Kisan Nidhi have good news! Prime Minister Narendra Modi, on 10th of June, signed his first file as PM for the third time, to release the 17th installment of PM Kisan for farmers. Each beneficiary farmer will receive Rs. 2000 under this installment. By the end of this month, the money is anticipated […]