Insurance firms want increase in PMSBY premium

As the non-life insurance companies are facing huge underwriting losses in the Pradhan Mantri Suraksha Bima Yojana (PMSBY), they have urged the government to hike the premium for the scheme, reported PTI. PMSBY was launched by the government as a variant of Pradhan Mantri Jan-Dhan Yojana in 2015 and it comes with a death benefit of upto Rs 2 lakh at an annual premium of Rs 12.

The ind

Sebi ready for change in start-up listing norms : UK Sinha

To make start-up listing platform more attractive, Sebi Chairman U K Sinha said the regulator is willing to consider suggestions for possible changes in the norms for such companies, reported PTI. Besides, a new Central Know Your Customer (CKYC) mechanism, which will provide common and one-time KYC for all financial market intermediaries, will be in place in a couple of months, Sinha said.

Passenger cars sales surged 14.40% last month: SIAM

The total domestic passenger vehicle sales rose by 14.40 per cent in January, industry data showed on Thursday.

According to the Society of Indian Automobile Manufacturers (SIAM), total sales of passenger vehicles, which include cars, utility vehicles and vans, surged to 265,320 units last year from 231,917 units sold during the corresponding month of 2016.

On the sub-segmen

Three mn drones to be shipped in 2017: Gartner

 With global market revenue expected to increase 34 per cent to reach more than $6 billion in 2017 and set to grow more than $11.2 billion by 2020, almost three million personal and commercial drones will be shipped in 2017, market research firm Gartner said on Thursday.

Personal drones will continue to increase in popularity as an affordable extension of consumers' smartphon

1,380 mn mobile-connected devices in India by 2021: Cisco

 There will be 1,380 million mobile-connected devices in India by 2021 and 60 per cent of mobile connections will be 'smart' by that time, global networking giant Cisco forecast in a new report.

According to the 11th annual Cisco Visual Networking Index (VNI), mobile data traffic in India will grow seven-fold by 2021 and mobile video traffic will show an increase by over

MFs see Rs 54,000 cr inflow in Jan; Rs 3.67 lakh cr in FY'17

Investors have pumped in nearly Rs 54,000 crore into various mutual fund schemes in January, with liquid, income and equity funds attracting the most of the inflows, reported PTI. With this, total inflows has reached Rs 3.67 lakh crore in the first ten months of the current fiscal (2016-17).

In comparison, Rs 1.84 lakh crore was invested in various mutual fund products during April-Ja

Government to unveil portal to speed up mining activity in India

Government will this week launch a portal for bringing in more transparency and speed up mining-related activities in the country. The Mines Ministry has developed a portal which would facilitate in expediting the clearances associated with the mining blocks and help all stakeholders to track status of statutory clearances, an official statement said.

With an objective to enhance tran

Fund raising via pref allotment down 36% at Rs 27k cr

Indian companies garnered a little over Rs 27,000 crore through issuance of shares to promoters and shareholders on preferential basis during April-November period of the current fiscal, a sharp plunge of 36 per cent from the year-ago period. The funds have been mobilised for business expansion plans, refinancing of debt, working capital requirements and other general corporate purposes.

Government okays India, Senegal MoU on health sector

The government has approved signing of an agreement between India and Senegal in the field of health and medicine which includes cooperation in AIDS control, integrated disease surveillance and emergency relief. A working group will be set up to further elaborate the details of cooperation and to oversee the implementation of this pact, as per the decision of the Union Cabinet.

The ar

Government grants more time to 143 SEZ developers to complete projects

The Indian Government has said that during the last three years and the current fiscal up to January, the Commerce Ministry has granted more time to as many as 143 developers of SEZ (special economic zone) to complete their projects.

Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman said,” Some SEZs developers have sought additional time for the executio

Government to launch portal to expedite mining related activities: Reports

The Indian Government has said that it will launch a portal for bringing in more transparency and speed up mining-related activities in the country. Commenting on the issue, a Government Official told the media, “The Mines Ministry has developed a portal which would facilitate in expediting the clearances associated with the mining blocks and help all stakeholders to track status of statu

Rail minister unveils Station Redevelopment Programme: Reports

Railway Minister Suresh Prabhu has unveiled the first phase of the Station Redevelopment Programme as part of which tenders are being floated for 23 of a total of 400 stations set to get a facelift, said media reports.

As per reports, the entire programme is estimated to attract investment of upto Rs 1 lakh crore by developers and it is estimated that the Railways will generate a surp

More time given to SEZ developers to complete projects: Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman on Wednesday said 143 special economic zone (SEZ) developers have been granted more time to complete their projects.

"Some SEZ developers had sought extension of validity period of the letter of approval granted to them for the execution of their projects for various reasons, including adverse business climate due to global recess

Pakistan, ADB sign deal to improve health, education

Pakistan and Asian Development Bank (ADB) have signed a $325 million loan agreement to improve facilities in education and health sectors of Khyber Pakhtunkhwa and Punjab by providing clean energy, media reported on Wednesday.

The agreement is aimed to target the underprivileged directly and help them improve their livelihood and provide them access to better facilities, Pakistan Toda

India pharma exports may see near double-digit growth in FY17

Indian pharma exports in the current financial year may see a near double-digit growth and might end up on the lines with that of last year, a senior Ministry of Commerce and Industry official said as per the PTI report. "Pharma exports have done better than many sectorial exports and we are in near double digit growth.

Last month, growth has also been good it is about 8 per cent

21 cr LED bulbs distributed, to save Rs 11,000 cr: Narendra Modi

Under the government's energy efficiency programme, 21 crore LED bulbs were distributed in the country which resulted in saving of Rs 11,000 crore for the consumers, Prime Minister Narendra Modi said in Lok Sabha . Replying to a debate on Motion of Thanks to President's Address, he said his government had reduced the prices of LED bulbs, which were hovering over Rs 350 earlier, to ensur

Credai expects GST rate to be neutral for housing sector

Credai, the apex body of private real estate developers, said that it is expecting a revenue-neutral GST rate without any adverse impact on realty prices, a relief for the sector. "The central government has assured us that the GST rate will be revenue-neutral. So, no impact on consumers. Prices would not increase.

Now, real estate developers pay taxes and duties like VAT, excise

DGCA comes across 6,000 violations in 2016: Reports

Aviation watchdog DGCA has said that it has come across over 6,000 violations related to compliance by aviation companies last year. Commenting on the issue, Minister of State for Civil Aviation Jayant Sinha told the media, “Another 233 such violations were detected during the random survey (surprise checks) by the Directorate General of Civil Aviation (DGCA) as part of its annual surveil

21 cr LED bulbs distributed, to save Rs 11,000 cr: Narendra Modi

Under the government's energy efficiency programme, 21 crore LED bulbs were distributed in the country which resulted in saving of Rs 11,000 crore for the consumers, Prime Minister Narendra Modi said in Lok Sabha .

Replying to a debate on Motion of Thanks to President's Address, he said his government had reduced the prices of LED bulbs, which were hovering over Rs 350 earlier

Mumbai airport 2nd most efficient after Heathrow: Reports

The Indian Government has said that the Mumbai International airport is widely considered to be the second-most efficient airport in the world with as many landings and take-offs as Heathrow in the UK. Commenting on the issue, Minister of State for Civil Aviation Jayant Sinha told the media, "Our airports are second to none in terms of their efficiency in operations.

I would like

No limit fixed for viability gap funding to airlines: Reports

The Indian Government has said that the limit has not been fixed for viability gap funding to airlines under the regional connectivity scheme. Commenting on the issue, Minister of State for Civil Aviation Jayant Sinha told the Rajya Sabha that an airline operator is expected to start services under the scheme within six months after award of the routes.

As per reports, the ambitious s

All public sector banks expected to join BHIM platform: NPCI

The National Payments Corporation of India (NPCI) on Tuesday said that it expects all public sector banks (PSBs) to join the digital payment mobile-based app Bharat Interface for Money (BHIM) by the end of February.

"Since the customer base of PSBs is very large, their participation in BHIM is of crucial importance for the success of this app," A.P. Hota, Managing Director a

No final view on Katoch panel recommendations: Government

Government is yet to take a final view on implementation of recommendations of the Katoch Committee which was formed to suggest ways to reduce bulk drug imports from China, Parliament was informed, reported PTI.

"No final view has been taken about implementation of Katoch Committee recommendations yet," Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya said

Delhi Metro Blue Line running late due to technical glitch

Trains on Delhi Metro's Blue Line (Dwarka-Vaishali/Noida City Centre) were running late on tuesday due to a technical snag.

The snag occurred due to the drop of Track Circuit (TC) at Dwarka at about 10 a.m., forcing drivers to switch to manual mode on the track approaching Dwarka from Noida and Vaishali.

"Train services on Line 3 are having minor delays due to signa

Mutual funds asset rises to all-time high of Rs 17.37 lakh cr in January

Mutual fund industry's asset base rose to all-time high of Rs 17.37 lakh crore at the end of January primarily on account of strong inflows in equity, income and money market segments, reported PTI.

The industry, comprising 43 active players, had an average assets under management (AUM) of over Rs 16.46 lakh crore at December-end, the latest data of the Association of Mutual Funds