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New Delhi, Dec 16 (PTI) The Lok Sabha on Tuesday passed a bill to raise FDI in the insurance sector to 100 per cent, with a view to providing insurance to all by 2047. Replying to a debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, in the Lower House, Finance Minister Nirmala Sitharaman said higher FDI will attract more players in the industry and make insurance policies more affordable. "Monopoly doesn't give us that advantage, and therefore, the more the competi ...Read More >
New Delhi, Dec 5 (PTI) The Lok Sabha on Friday passed a bill to levy a cess on manufacturing units of pan masala, and utilise the fund for strengthening national security and improving public health. Replying to the debate on the Health Security se National Security Cess Bill, 2025, Finance Minister Nirmala Sitharaman said the cess will be shared with the states, as public health is a state subject. The bill was later passed by voice vote by the Lok Sabha. The bill seeks to augment the resour ...Read More >
New Delhi, Sep 29 (PTI) PTC India Financial Services (PFS) on Monday expressed surprise over the unexpected resignation of three independent directors ahead of the expiry of their three-year term. Three independent directors, Seema Bahuguna, Naveen Bhushan Gupta and PV Bharathi, resigned as Independent Directors of the company in the last few days. "The management is surprised by the unexpected resignation of the aforementioned independent directors and more so because of the reasons cited in ...Read More >
New Delhi, Sep 13 (PTI) Public sector banks (PSBs) have transitioned from a phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047, Financial Services Secretary M Nagaraju has said. Addressing the two-day PSB Manthan, which concluded on Saturday, Nagaraju also highlighted the need for PSBs to aspire to global competitiveness, strengthen governance and operational resilience, and ex ...Read More >
New Delhi, Jun 30 (PTI) The finance ministry directed private sector banks on Monday to increase their participation in the implementation of government schemes. The direction was given by Department of Financial Services Secretary M Nagaraju during a meeting to review the progress and performance of various financial-inclusion (FI) schemes, including the PMJDY, PMJJBY, PMSBY, APY PMMY and PM Vishwakarma, with the senior management of private sector banks. The meeting chaired by the secretary ...Read More >
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