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The Asian Banker, a financial company, has awarded Sebi the “Best Conduct of Business Regulator” award in Asia Pacific for its role in enhancing the regulatory framework for securities markets in India. SEBI’s full time member Kamlesh Chandra Varshney received this award, on behalf of all the Sebi members, in a ceremony held in Hong […]
After winning the recently-held Lok Sabha Elections 2024, PM-designate Shri. Narendra Modi reiterated his commitment for qualitative changes in the education sector of the country. He also showed his happiness over the improvement in the Indian universities’ performance in the QS World University Rankings released in the first week of June, 2024. Over the last […]
TRAI, the Indian telecom regulator, is exploring a penal option for telecom operators for hoarding unutilized fixed line phone numbers to address the crunch of numbering resources hampering the growth of new connections. In order to address the lack of numbering resources in the segment, TRAI appears to be looking into ways to change fixed […]
RBI’s Monetary Policy Committee (MPC) meeting was scheduled from 5 – 7 June, 2024. The key lending rate at which the RBI lends to commercial banks currently stands at 6.5%. The rate hike cycle was initiated by RBI two years back in 2022 and since then, the repo rate has been increased by 250 basis […]
Union Health Ministry, under the chairmanship of the Directorate General of Health Services (DGHS) Dr. Atul Goel, conducted a virtual meeting with States/UTs to evaluate the preparedness of heatwave conditions and fire & electrical safety measures adopted by various health care facilities across India. As per IMD-issued long-range outlook forecast on 27th May, 2024, it […]
Zurich Insurance Company has received the approval of the Reserve Bank of India (RBI) for the acquisition of 70 percent stake in Kotak Mahindra General Insurance Company for Rs. 5,560 crore. Kotak General is Kotak Mahindra Bank’s 100 percent subsidiary. The RBI’s approval was received on 4th June, 2024. The private bank stated that all […]
Quacquarelli Symonds, on 4th June, 2024, released its QS World University Rankings 2025 wherein IIT Bombay and IIT Delhi made it to the top 150 universities across the world. While IIT Bombay secured the 118th spot, IIT Delhi got the 150th rank in the list. The third place among the Indian universities was taken by […]
In a recent incident, SEBI (Securities & Exchange Board of India) came to know the some people have been providing investment advisory or portfolio management services without registering their firms in SEBI. According to the SEBI, no person or business is allowed to offer investment advisory or portfolio management services to others without seeking the […]
After raising the Dearness Allowance (DA) by 4 per cent in March, 2024, the Government of India (GOI) has now taken the decision to increase the gratuity limit. The maximum limit of retirement gratuity and death gratuity has been raised by the GOI from Rs. 20 lakh to Rs. 25 lakh, with effect from 1st […]
In a press release on 31st May, 2024, the Bank of India (BOI) said that it had launched a 666 Days Fixed Deposit (FD) offering returns of up to 7.95 percent per annum for senior citizens on deposit amounts not exceeding Rs. 2 crore. The investment opportunity is open to the public and all Bank […]