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Finance : This guide explains why senior travellers should review travel insurance coverage, organise medical records, and plan ahead before...
Finance : The article explains how local Indian phone numbers enhance credibility and accessibility for international businesses. It highlig...
Finance : The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. I...
Finance : The article examines how ATMs are facing cash shortages even though currency circulation is at an all-time high. It argues that ba...
Finance : mployers are increasingly migrating retirement savings from superannuation trusts to NPS due to lower costs, greater flexibility, ...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Finance : The Ministry of Finance has introduced a unified portal to help individuals search for unclaimed bank deposits, insurance claims, ...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples ...
Finance : The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or compa...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Finance : The Supreme Court held that insolvency proceedings under the IBC cannot be invoked merely to recover disputed dues arising from co...
Finance : The issue was whether indemnity obligations arise only after final appellate confirmation. The Supreme Court held that liability a...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
The cola war between Coke and Pepsi is extending to the IPL turf, with Coca Cola replacing rival PepsiCo as sponsors of Mumbai Indians and Kings XI Punjab in the fourth season of the T20 league. With the new tie-ups, Coca Cola will be sponsoring five out of the ten IPL teams ready for the cricket battle between April 8 and May 28. Coca Cola that has been associated with Delhi Daredevils and Kolkata Knight Riders in the previous seasons, said it will also become the sponsor of Mumbai Indians, Deccan Chargers and Kings XI Punjab.
China will build 56 more airports in the next five years to expand its transport capacity, a senior Chinese civil aviation official said on Thursday. Li Jiaxiang, head of the Civil Aviation Administration of China, said the total number of airports in the country is likely to cross 230 in next five years with an expected aircraft fleet of over 4,500 units, enough to carry 450 million passengers annually.Presently, the country has 175 airports.
A government body has recommended that state-run BSNL should merge its counterpart MTNL and telecom equipment manufacturer ITI with itself, a move that will help turn around the loss-making telecom giant. The board strongly recommends the merger of ITI Ltd with BSNL, or its takeover by BSNL as a separate subsidiary, thereby ensuring strategic vertical integration.
A growing number of investors from India are showing interest in Dubai as they look to capitalise on 60 per cent savings per square foot in the Dubai property market, a Dubai-based real estate company has said. DAMAC Properties said in addition to the price disparity, Dubai’s property market is becoming increasingly attractive to foreign investors due to the implementation of a raft of new regulations, such as the new Strata law, which favours home owners.
“I am happy that the Government and representatives of civil society have reached an agreement in our mutual resolve to combat corruption. This is a scourge that confronts all of us. The Government intends to introduce the Lokpal bill in Parliament during the monsoon session. The fact that civil society and Government have joined hands to evolve a consensus to move this historic legislation augurs well for our democracy. I am pleased that Anna Hazareji has agreed to give up his fast.
The Government of India has issued a Notification constituting a Joint Drafting Committee to prepare a draft of the Lok Pal Bill. The Joint Drafting Committee shall consist of Five nominee Ministers of the Government of India and Five nominees of Shri Anna Hazare (including himself). The five nominee Ministers of the Government of India are as under:-
Government will introduce the Lokpal Bill during the monsoon session of Parliament, and once passed, corruption cases will be handled by fast track courts for speedy disposal, Minister of State for Parliamentary Affairs Ashwini Kumar today said. Describing corruption as a “national issue” and not the concern of just an individual or any political party, Kumar told reporters here that the government”s accountability and responsibility would increase with the passage of the legislation.
The government auditor CAG on Friday said it will soon finalise its report on the conduct of Commonwealth Games which will be tabled in the next session of Parliament. “Yes…certainly,” the Comptroller and Auditor General (CAG) said when asked if the CWG report would be tabled in the Monsoon Session of Parliament. Rai said his office is in the final stages of drafting the CWG report. “It is being finalised. We could not table it in the Budget session as it was truncated,” he added.
The Union Finance Minister Shri Pranab Mukherjee said that the greatest challenge before us today is to create and sustain more and better opportunities for a young, growing and aspiring India. He said that an important part of the response to this concern is to ensure that the macroeconomic balance of the economy is strengthened through a determined focus on fiscal consolidation. The Finance Minister said that it would improve and sustain the growth prospects of the economy. He said that with Budget proposals for 2011-12, we are moving on that path.
National carrier Air India has introduced Mobile Check-In facility that will allow travellers to perform basic check-in functions through web-enabled mobile phones. The new facility, which will help in reducing queues at airports, will be available at Delhi, Mumbai, Chennai,Kolkata, Hyderabad and Bangalore on domestic travel, the airline said in a statement.
