Page 6 - Nikesh Singh

Govt committed to reforms for a stronger India: FM Nirmala Sitharaman

Sitharaman is in the US to participate in the World Bank and International Monetary Fund (IMF) Spring meet

DFS urges states, UTs to deepen micro-insurance schemes in 3-mth campaign

Currently, active enrolments under PMJJBY and PMSBY stand at 83 million and 239 million, respectively, and claims of about Rs 15,500 crore have been paid under both schemes

Govt to nudge PSBs to increase enrolments of its insurance schemes

Currently, active enrolments under PMJJBY and PMSBY stand at 83 million and 239 million, respectively, and claims of about Rs 15,500 crore have been paid under both schemes

CPSEs achieve revised capex target of Rs 6.46 trn in FY23: Govt official

Some firms yet to provide their data for March

FM Nirmala Sitharaman to attend Spring Meetings of IMF-World Bank

She will also participate in G20 Finance Ministers and Central Bank Governors meetings

More than 408.2 mn loans amounting to Rs 23.2 trn sanctioned under PMMY

PMMY aims to facilitate easy collateral-free credit of up to Rs 10 lakh to micro-entrepreneurs for income-generating activities

FY24 procurement target through GeM likely to set at Rs 2.5 trillion

The next growth is expected to come from works contract, services and states

Industry associations welcome RBI decision to pause interest rates

After six consecutive hikes aggregating 250 bps, RBI hits a pause

Finance Ministry to meet chiefs of PSBs, key schemes' progress in focus

DFS secretary to review progress of financial inclusion and social security schemes

More than Rs 40,700 crore sanctioned under Stand-Up India Scheme in 7 years

The scheme aims to promote entrepreneurship at the grassroot level focusing on economic empowerment and job creation and has been extended up to the year 2025

At least three 'completed' textile parks closed, finds CAG report

Auditor says large number of cancellations defeated the purpose of the scheme

Govt falls short of disinvestment target, posts stronger dividend receipts

The dividend receipts from CPSEs grew more than 37 per cent to Rs 58,988 crore against the Revised Estimates (RE) target of Rs 43,000 crore

Govt hikes interest rates on most small savings schemes by up to 70 bps

Rate on National Savings Certificate steeply raised by 70 bps, PPF kept unchanged

Finance ministry to launch three-month campaign to boost micro-insurance

The department has advised chief secretaries of States/ UTs and chairman and CEOs of Public Sector Banks (PSBs) to extend full support during the campaign

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

Current saving, investment rate insufficient for 8% growth: India Ratings

Savings and investment rates in the financial year (FY) 2021-22 were 30.2 per cent and 29.6 per cent, respectively

Govt tells PSBs to monitor, make provision for companies' pledged shares

Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level

FM tells PSBs to diversify deposit, asset base amid global financial stress

Use the crisis to frame detailed crisis management strategies, FM to bankers

CPSEs spent 85% of capex target by February, says finance ministry

By comparison, CPSEs had exhausted only 79.28% of the Rs 5.95-trillion target during the same period in the previous fiscal year

'Improving women's health will reduce burden on healthcare infrastructure'

Lack of a diversified and qualified workforce main challenge for healthcare in India