After achieving success in domestic manufacturing of global electronics products like iPhones, the government is now working on a component-linked incentive scheme to make India both a product nation as well as a component-producing destination. The component-linked incentive scheme will encourage the production of electronics parts besides semiconductors, ministry of electronics and IT secretary S Krishnan, ...

The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said. In November 2020, PPSL had applied for licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment ...

India's Unified Payment Interface (UPI) services have been launched in Sri Lanka and Mauritius at a virtual ceremony on Monday. The event was witnessed by Prime Minister Narendra Modi, Mauritian PM Pravind Jugnauth, and Sri Lanka President Ranil Wickremesinghe. Apart from this, India's RuPay card services have also been launched in Mauritius and Sri Lanka at ...

  Business News/ Politics / FM Sitharaman lays ‘White Paper’ in Lok Sabha, says ‘UPA did not put nation first, left economy in tatters' FM Sitharaman lays ‘White Paper’ in Lok Sabha, says ‘UPA did not put nation first, left economy in tatters' 2 min read 09 Feb 2024, 01:47 PM IST Join us Whatsapp Livemint Nirmala Sitharaman presented a 'White Paper' in ...

The finance ministry may infuse capital into three public sector insurance companies — United India Insurance Company Limited, National Insurance Company Limited and Oriental Insurance Company Ltd — to improve their solvency ratio after analysing their Q3 and Q4 results of FY24, the Department of Financial Services (DFS) secretary Vivek Joshi said. “The solvency ratio of ...