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Govt likely to retain 10% voting cap in public sector banks even with higher foreign shareholding

New Delhi, July 24 -- The Indian government is inclined to retain the voting rights of investors in public-sector banks at 10% even as it is in discussions with the Reserve Bank of India (RBI) to revi... Read More


Former finance secretary Ajay Seth appointed Irdai chairperson

New Delhi, July 24 -- The government on Thursday appointed former finance and economic affairs secretary Ajay Seth as chairperson of the Insurance Regulatory and Development Authority of India (Irdai)... Read More


PSU banks' gross bad assets drop to 2.58% in FY25 from 9.11% in FY21: Govt

New Delhi, July 22 -- The government on Tuesday said that the gross non-performing assets (NPA) ratio of public sector banks (PSBs) has declined from 9.11% in March 2021 to 2.58% in March 2025, markin... Read More


Nearly Rs.29K cr sanctioned to SC/ST, women entrepreneurs since April 2022

New Delhi, July 22 -- Union finance minister Nirmala Sitharaman on Tuesday said the government sanctioned Rs.28,996.15 crore under 126,508 loan accounts to SC/ST and women entrepreneurs over the last ... Read More


Parliament clears 'Bills of Lading, 2025' bill on the 1st day of monsoon sessio, replaces 169 year-old law

New Delhi, July 21 -- The Rajya Sabha passed the 'Bills of Lading, 2025' bill on the first day of the monsoon session on Monday, paving the way for Presidential assent to replace a colonial-era law. ... Read More


Highway construction to take precast route to garner speed; reduce pollution, traffic problems

New Delhi, July 17 -- The Centre has decided that all national highway projects costing over Rs.300 crore must use precast material-slabs of concrete that fit into each other-a government official sai... Read More


Need to increase set up rate of GCCs in India; making the country attractive to bring in balance 50% of Fortune 500 comp

New Delhi, July 14 -- Finance minister Nirmala Sitharaman on Monday said that the industry and the government need to explore ways to increase the setup rate of GCCs (global capability centres) in Ind... Read More


Bullet train: First section of the 21-km undersea tunnel sees breakthrough

New Delhi, July 14 -- India's bullet train project achieved a major milestone Monday when the first section of the 21-kilometre undersea tunnel between BKC (Bandra-Kurla Complex) and Thane made a brea... Read More


India to set up its first marine insurance group

New Delhi, July 14 -- The Centre has begun consultations to set up India's first protection and indemnity (P&I) entity-to be called India Club-that will provide third-party insurance to Indian ships o... Read More


India Club eyed for offering insurance to domestic ships

New Delhi, July 14 -- The Centre has begun consultations to set up India's first protection and indemnity (P&I) entity-to be called India Club-that will provide third-party insurance to Indian ships o... Read More