Minister of State for Finance Pankaj Chaudhary has recently reported in the parliament that India’s Unified Payments Interface (UPI) has reached 55.49 crore users as […]
Tag: Ministry of Finance
IndusInd Bank bags recognition for digital payments excellence
IndusInd Bank has been awarded the prestigious Digital Payments Award 2023–24 by the Department of Financial Services (DFS), Ministry of Finance, Government of India, in […]
India’s first mortgage-backed PTCs listed on NSE
The Ministry of Finance has marked a major milestone in India’s financial market with the listing of the country’s first mortgage-backed Pass-Through Certificates (PTCs) on […]
GIC names Ramaswamy N as new Chairman and MD
The General Insurance Corporation of India (GIC) has named Ramaswamy N as its new chairman and Managing Director (MD), according to the decision made by […]
Ministry of Finance approves welfare measures for LIC agents and employees
The Ministry of Finance today approved a series of welfare measures for the benefit of agents and employees at Life Insurance Corporation of India (LIC). […]
4th G20 GPFI meeting concludes in Mumbai
The 4th G20 Global Partnership for Financial Inclusion (GPFI) meeting, which was held in Mumbai, concluded recently. The three-day meeting from 14th to 16th September, […]
Finance ministry opts to simplify Insurance Act first; industry awaits reforms
Ahead of anticipated major reforms in the Insurance Amendment Bill, the ministry of finance has proposed a separate exercise aimed at simplification of pre-Constitutional enactments, […]
FinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers
New Delhi: Finance Ministry will take a call on Rs 3,000 crore capital infusion this fiscal based on financial performance of three loss-making public sector […]
FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a […]
Finance ministry sees G-sec yields on downhill trek
The finance ministry expects the yield on government securities – which dropped below the 7% mark for the 10-year paper in intraday trade on Thursday […]