Sensex sinks 311 pts; Nifty drops below 10,700-mark

MUMBAI: Falling for the eighth straight session, the BSE Sensex plunged over 311 points Monday on heavy selling in banking, FMCG, IT, auto and pharma stocks amid sustained foreign fund outflows. The 30-share index settled 310.51 points, or 0.87 per cent lower at 35,498.44. The broader NSE Nifty fell 83.45 points, or 0.78 per cent, […]

Indigenously built ships to get priority in chartering: GoI

NEW DELHI: In order to promote Make in India initiative, ships built in the country will now get priority in chartering under a new policy, the government of India (GoI) said on Monday. Shipping Minister Nitin Gadkari will launch the revised guidelines in this direction on Tuesday (today). “In a big step to promote Make […]

Unorganised workers can now subscribe to Rs 3,000 monthly pension scheme at common service centres

Unorganised workers can now subscribe to Rs 3,000 monthly pension scheme at common service centres

NEW DELHI: Informal workers can now subscribe to the Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) scheme, which provides an assured monthly pension of Rs 3,000, at 3.13 lakh common service centres (CSCs) across India. “CSC e-Governance Services India Ltd, a special purpose vehicle (SPV) under the Ministry of Electronics and IT, has begun the registration […]

PM-KISAN to provide multiple benefits to farmers: CEA

NEW DELHI: Farm income support scheme PM-KISAN will provide multiple benefits to farmers, including improving their credit worthiness, said India’s Chief Economic Adviser K V Subramanian. The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was announced in the Interim Budget 2019-20, under which Rs 6,000 will be given in three instalments to 12 crore small […]

Jaitley to address RBI board today

NEW DELHI: Indian finance minister, Arun Jaitley is scheduled to address the customary post-budget meeting of the central board of the Reserve Bank on Monday (today) and highlight the key points of the interim Budget, including the fiscal consolidation roadmap. The meeting, according to sources, will take a call on the interim dividend to be […]

Set up core ‘sandbox committee’ to promote digital innovations: Irdai panel

NEW DELHI: An expert panel has suggested to insurance regulator IRDAI to set up a core ‘Sandbox Committee’ to promote digital innovation in the sector while safeguarding the interest of policyholders. Loosely defined, a sandbox approach means experimenting and learning before finally adopting a technology or system. This approach helps in containing the impact of […]