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Saarthi 2.0, an updated version of the original Saarthi app, has been introduced by the Stock Exchange Board of India (SEBI). Saarthi has been designed to enhance awareness of the stock markets and financial regulation among young investors. Saarthi 2.0 features a user-friendly interface and comprehensive tools which help to simplify complex financial concepts, according […]
IRDAI issued a ‘master circular’ dated 19 June, 2024, wherein guidelines to empower policyholders are outlined. The insurance regulator has barred insurers from advertising unit-linked and/or index-linked products as ‘investment products’. IRDAI has asked the insurance companies to establish an advertisement committee that has board approval or designate a senior officer from the distribution channels […]
A dividend cheque of Rs. ₹6,959.29 crore was given from SBI Chairman Dinesh Kumar Khara to Finance Minister Nirmala Sitharaman for FY 2023-24, as announced by the Finance Minister’s office on 21st June, 2024. The official handle of the Finance Minister @nsitharamanoffc posted on X, “Smt@nsitharaman receives a dividend cheque of ₹6959.29 crore for FY […]
On 21st June, 2024, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty said that India’s pension fund regulator plans to launch a balanced life-cycle fund for people “The fund will be an additional option in the auto choice where equity allocation can be maximum up to 50%, but the tapering would start only […]
An advisory has been issued by the Directorate General of Civil Aviation (DGCA) to airlines and airports for the adoption of measures to promote gender equality. The safety regulator recommended several measures including return-to-work policies for women on a career break, leadership and mentorship programmes for women and training programmes for cabin crew to help […]
On 19th June, 2024, the Reserve Bank of India (RBI) invited applications for recognizing Self Regulatory Organizations (SROs) for NBFC sector under RBI’s framework. Within a period of one year after recognition as an SRO, or before commencement of operations, the applicant must achieve a minimum net worth of Rs. 2 crore. For the NBFC […]
In order to encourage people to avail the health policies as a measure of social security, an umbrella body of non-life insurance agents known as the Confederation of General Insurance Agents’ Association of India has urged the government to reduce the GST taxed on individual health insurance policies from existing 18 percent to 5 percent. […]
The World Economic Forum (WEF) has released its global Energy Transition Index in which India has been ranked at 63rd position. WEF said that India has shown significant improvement in energy equity, security and sustainability. The top five countries that dominated the top ranks in Energy transition Index are Sweden, Denmark, Finland, Switzerland and France […]
Chip Maker Nvidia’s share price rallied over 3.5% on 18th June, 2024, making it the world’s most valuable company, surpassing Microsoft. Within a period of nine months, Nvidia’s market value expanded from $1 trillion to $2 trillion in February, while taking just over a period of three months to hit $3 trillion in the month […]
Generative AI chatbot Gemini’s mobile app has been launched by Google in India in English and nine Indian languages. In a blog post, Google said, “Both the Gemini app and Gemini Advanced, which gives users access to Google’s most capable AI models, will now be available in nine Indian languages, helping more people access information […]