The National People's Congress is hearing a proposal to provide a legal guarantee for private entrepreneurs.
The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies of the country concurred at the Business Standard BFSI Insight Summit 2022.
Why is China's supreme leader promoting Han Chauvinism so aggressively, asks Claude Arpi.
BJP spokesperson Sambit Patra claimed that the home ministry's decision to cancel the FCRA licences of the Rajiv Gandhi Foundation and the Rajiv Gandhi Charitable Trust for alleged violation of laws has "exposed" their corruption.
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
Overall, the record of the second term reveals a contradiction between the image and the reality. The image, especially on media and social media, is one of the man at the height of his power, and unstoppable. The reality on governance is someone who has found it difficult to get things implemented and unsure of what to do next, points out Aakar Patel.
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
Ambani is in good company. The likes of ultra-rich individuals like hedge fund billionaire Ray Dalio and co-founder of Google Sergey Brin have chosen Singapore to establish their family offices. So have British inventor James Dyson, famous for his bladeless fans and hair dryers and vacuum cleaners, and Zhang Yong, founder of China's Haidilao hotpot restaurant chain, reports Lee Kah Whye.
China's move to devalue its currency has exposed the fragility of its economy.
The village in Maharashtra has continuously sent soldiers to the Army since World War I. Every other person you meet is a soldier or a retired soldier or is aspiring to be a soldier.
In South Asia, the poverty would fall to 13.5 per cent in 2015.
Rumours that Mr Xi was a market reformer appear to have been exaggerated.
The 2800 kilometer rail route could be a critical component for the Bangladesh-China-India-Myanmar corridor that seeks cross border trade and flow of people
'China's moves are of direct significance to India, which will closely monitor Chinese naval activity in the Bay of Bengal and the Indian Ocean not least because of Chinese maps depicting claims over the Andaman and Nicobar Islands.'
Many CEOs said they plan to give special leave to women employees so as to encourage their participation in the workforce.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
"On the border issue, China always maintains that we should follow through on treaties and agreements we signed and we jointly uphold peace and tranquility at the border region," Foreign Ministry spokesman Wang Wenbin said while responding to Jaishankar's remarks.
India's state banks are under pressure to improve profitability.
The office building housing Chinese supercomputer Tianhe-1, one of the world's fastest supercomputers, suffered damage.
Abdullah said both Kashmiri Pandits and Muslims suffered and even his workers and ministers were killed in large numbers since the eruption of terrorism.
About 300 fintech firms are under investigation by the ED for allegedly partnering 38 non-banking financial companies for predatory lending practices to charge borrowers high interest rates.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
In yet another gory social revenge attack in China, a bank security team leader angry over the way his divorce case was handled barged into a local court and opened fire with a machine gun on Tuesday, killing three judges and injuring three more before turning the weapon on himself.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Xi Jinping has accumulated great power, but he faces trials that are just as great, says Claude Smadja.
The deployment of strategic bomber aircraft is also still on by the Chinese
'This reluctance to respond forcefully to Chinese PLA provocations and outright aggression has as much to do with Prime Minister Modi personally, as with the institutional mindset of the MEA or even the Indian Army.' 'They are scarred by the 1962 War and are still cowed by China.'
'Building on the potential for closer ties is the changing narrative in each country about the other. The Chinese narrative on India has become significantly more positive over the past few years,' says Walter Andersen and Zhong Zhenming.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
"As regards reports about a bridge being made by the Chinese side on Pangong Lake, the government has been monitoring this activity closely," External Affairs Ministry Spokesperson Arindam Bagchi said.
India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, the World Bank has said.
India is looking to develop alternative export markets for tea such as Iraq, Saudi Arabia, the US, Japan and Tunisia in view of the Russian invasion of Ukraine, people aware of the matter said. Meetings are being held with buyers in some of these countries in virtual mode, with the help of diplomatic missions located there. Similar meetings for the remaining countries have also been planned.
Official sources said Tuesday's incident at Pangong and ways to maintain peace and tranquility along the Sino-India border in Ladakh were discussed at length at the border personnel meeting.
Ahead of the 2023-24 Union Budget, the thinking at the top level of the central government is clear: Gross domestic product (GDP) growth of 6-6.5 per cent is a comfortable enough target for FY24 and the focus should be on fiscal consolidation to ensure that the sovereign cost of borrowing does not become prohibitively expensive in a high-interest rate environment, according to people in the know. Those aware of deliberations between the Prime Minister's Office (PMO) and the Ministry of Finance said while the Budget would look to strike a balance between infrastructure investment and welfare schemes, it is unlikely to be populist, though it will be the last full-year Budget before the 2024 Lok Sabha election. Incidentally, 6-6.5 per cent GDP growth is what the upcoming 2022-23 Economic Survey is expected to project for FY24.
No prizes for guessing what the BJP's election campaign is going to be, and who will provide important inputs for it.
Global warming can cause extreme floods and droughts and can mean snowfall is replaced by rain, with higher evaporation rates.
Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries have cut their oil imports from Iran, reducing purchases by more than one million barrels per day.
Why is Xi Jinping visiting Saudi Arabia, Egypt and China this week? Former RA&W officer Jayadeva Ranade explains the significance of China's outreach to the Middle East.
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
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