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Cabinet Clears Bill Seeking 100% FDI In Insurance, Also Opens Nuclear Sector For Private Players

New Delhi, Dec. 13 -- The Union Cabinet chaired by Prime Minister Narendra Modi has cleared the decks for 100% foreign direct investment (FDI) in the insurance sector by giving its nod for the Bill se... Read More


Only Genuine Pre-Existing Disputes Can Block CIRP Under IBC: Supreme Court

New Delhi, Dec. 13 -- The Supreme Court has clarified that under the Insolvency and Bankruptcy Code (IBC), a 'pre-existing dispute' capable of blocking the initiation of a Corporate Insolvency Resolut... Read More


IBBI Examines Giving Higher Priority To MSMEs In IBC Liquidation Waterfall

New Delhi, Dec. 13 -- The Insolvency and Bankruptcy Board of India (IBBI) is examining the possibility of reviewing the liquidation waterfall mechanism under the Insolvency and Bankruptcy Code (IBC), ... Read More


Odisha's Integrated Steel Plants Combined Capacity At 33.78 MT For FY 2025-26: MoS Steel

Bhubaneswar, Dec. 13 -- Minister of State for Steel Bhupathiraju Srinivasa Varma, in response to a parliamentary question, provided an overview of steel production capacity in Odisha and outlined nati... Read More


SBI & IOB Cut Lending Rates After RBI's Repo Rate Reduction

New Delhi, Dec. 13 -- State Bank of India (SBI) and Indian Overseas Bank (IOB) have lowered lending rates following the Reserve Bank of India's recent reduction in the policy repo rate, passing on the... Read More


MSME Ministry Partners With Amazon To Boost Market Access For PM Vishwakarma Artisans

New Delhi, Dec. 13 -- The Ministry of Micro, Small and Medium Enterprises (MSME) has signed a Memorandum of Understanding (MoU) with Amazon Seller Services Private Ltd. to facilitate greater market ac... Read More


PM Modi's Jordan-Ethiopia-Oman Visit To Boost India's Trade Engagement With West Asia & Africa: FIEO

New Delhi, Dec. 13 -- The Federation of Indian Export Organisations (FIEO) has welcomed Prime Minister Narendra Modi's scheduled three-nation visit to Jordan, Ethiopia and Oman from December 15 to 18,... Read More


Private Insurers' Grievance Redressal Rankings Coming Soon: Finance Ministry

New Delhi, Dec. 13 -- Ranking of private sector insurers on the basis of their performance in timely handling of grievances is in the pipeline following similar exercise for state-owned banks and insu... Read More


Government Promotes Technical Textiles and Handloom Sectors Through NTTM and Startup Initiatives

New Delhi, Dec. 13 -- The Minister of State for Textiles, Pabitra Margherita, stated that to promote technical textiles in India, the National Technical Textile Mission (NTTM) was launched in 2020 wit... Read More


Cabinet Approves New CoalSETU Window To Expand Coal Linkages For Industrial Use & Export

New Delhi, Dec. 12 -- The Union Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Thursday approved the introduction of a new 'CoalSETU window' under the existing Non-R... Read More