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Draft Defence Production policy makes defence sector 'Atnmanirbhar' [Full Text]

The policy aims to provide impetus to self-reliance in defence manufacturing under the Atmanirbhar Bharat Scheme.

Aug 3, 2020

insurance in india, non-life insurance, life insurance, insurance premium collection, indian economy

Grace period for life insurance policies extended till May 31

Insurance regulator IRDAI has again extended the grace period for premium payment or renewal of life insurance policies, which were due in March, till May 31.

May 10, 2020

Vistara considering a bid for Air India, says chairman Bhaskar Bhat

Vistara, a joint venture between India's Tata Group and Singapore Airlines, is considering a bid for the government's stake in state-run carrier Air India.

Mar 3, 2020

Air India Airbus A320 passenger aircraft.

Adani group enters race to buy 'Maharajah', to submit EoI by next month

In this years' budget speech, finance minister Nirmala Sitharaman mentioned Air Indian as one of the state-owned companies to be disinvested this fiscal year.

Feb 25, 2020

Debt-ridden Air India to raise Rs 700-crore short term loan: Here's why

The deadline for bidding extended till March 6, 2020 by the Centre to sell 100% of its stake in Air India. Meanwhile, the debt-ridden airline refuses to give up and is seeking to raise Rs 700 crore via short-term govt-guaranteed loan.

Feb 25, 2020

Air India plane damaged during emergency takeoff to dodge man, jeep on runway

The incident happened on February 15 morning when the pilot of the disinvestment-bound Air India had to lift the A321 aircraft in a hurry, which resulted in a tail-strike incident, damaging the fuselage.

Feb 15, 2020

Explainer: Why is government going for partial LIC disinvestment?

As per the government's estimate, it is expected to raise Rs 90,000 crore through the partial sale of stakes in state-owned life insurance company LIC and IDBI Bank.

Feb 4, 2020

Budget 2020: Govt to sell part of its holding in LIC via IPO as part of its divestment drive

This could be the country's biggest initial public offering in recent times, the government will list Life Insurance Corp of India in the next financial year starting April.

Feb 1, 2020

Here's what market is expecting from the Union Budget 2020

The Union Budget for the fiscal year 2020-21 will be presented by finance minister Sitharaman tomorrow at 11 am.

Jan 31, 2020

Air India stake sale: Subramanian Swamy threatens to move court, calls deal 'anti-national'

Days before the launch of the bidding process by inviting EoI from potential suitors, Senior BJP leader Subramanian Swamy has warned against such move.

Jan 27, 2020

The Air India plane flying the inaugural trip from Lucknow,

Bid adieu to Maharajah: Govt invites bids for 100% divestment of Air India

An initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018.

Jan 27, 2020

7th pay commission 7th cpc north block finance ministry delhi modi government

Here's why government will struggle to achieve its fiscal deficit target

The economy sinking to a six-and-half-year low of 4.5% in September quarter has made it tougher for the government to achieve its fiscal deficit target.

Dec 26, 2019

Six months of Modi 2.0 govt: 'India witnessed phenomenal reform momentum, historic steps taken', says PM Modi

Prime Minister Narendra Modi took to social media saying, "From ending of Article 370 to economic reform, productive Parliament to decisive foreign policy, historic steps are taken."

Nov 30, 2019

Centre may go for further disinvestments amid lower revenue generation & tax cuts: CLSA

In recent times, the government has been aggressively looking to disinvest Air India and BPCL to meet its fiscal deficit target.