govt Archives - Pinfaves

PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

May 19, 2020May 19, 2020 Loknath Dasbanks, business, coronavirus, During, Farming, for, govt, lent, Loan, much, PSU, Report, This

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore. “Loans worth over Rs 6.45 lakh crore were sanctioned…

Govt plans to increase overseas investment limit in insurance to 74%

December 11, 2019December 11, 2019 Loknath Dasgovt, In, Increase, Insurance, investment, limit, Overseas, plans, to

With an aim to attract long-term investment from overseas, the Indian government is planning to increase the Foreign Direct Investment (FDI) limit for insurance firms to 74% from the current 49% in the upcoming Union Budget. The Insurance Regulatory and Development Authority of India (IRDAI) is seeking inputs from the industry on government instructions and a report is expected to be submitted soon, said an ET report quoting a source aware of the development. On December 2, IRDAI in a letter to insurance firms had sought the opinion of stakeholders to increase…

Govt launches free contraceptive shots for women

September 15, 2017 Loknath Dascontraceptive, for, Free, govt, Launches, shots, Women

Once every three months, women in the age group of 18-45 years will be given contraceptive injections free of cost at all state-run primary health centres and hospitals, state health minister C Vijaya Baskar said, launching the centrally-funded ‘Antara’ scheme at the Egmore Women and Children hospital on Thursday. Recommended By Colombia The depot medroxyprogesterone acetate (DMPA) injection -added to the present basket of options such as condoms, intra-uterine devices, oral pills, morning-after pills and sterilisation procedures for men and women -contains the birth control hormone progestogen and is promoted…

Govt to disqualify over 1 lakh directors for link with shell companies

September 13, 2017 Loknath Das1, companies, directors, disqualify, for, govt, Lakh, Link, Over, Shell, to, With

More than 1.06 lakh directors will be disqualified for their association with shell companies, according to the government, as it steps up the fight against black money. The latest move comes close on the heels of the corporate affairs ministry cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period. Besides, banks have been asked to restrict operations of these companies’ bank accounts by their directors or their authorised representatives. The ministry has “identified 1,06,578 directors for disqualification under Section 164(2)(a) of the…

Modi govt aims to revamp public health scheme, lower costs after criticism: Report

August 14, 2017 Loknath DasAfter, Aims, Costs, criticism:, govt, Health, Lower, Modi, Public, Report, Revamp, Scheme, to

India’s health ministry has trimmed its cost estimates for extending its main public health programme by 25% after criticism from a federal think-tank over inefficiency and slow progress, according to government documents seen by Reuters. The new estimate of $25 billion for a three-year extension of the flagship health programme, down from an initial figure of about $33 billion, comes as Prime Minister Narendra Modi pushes a multi-pronged agenda to revamp health services. Planned reforms include streamlining spending and bureaucracy, slashing prices of life-saving drugs and medical devices, and nudging companies…

Govt approves phasing out of 25-year-old Foreign Investment Promotion Board

May 25, 2017 Loknath Das25-year-old, Approves, Board, Foreign, govt, investment, of, Out, phasing, promotion

FDI applications needing govt approval to be handled by the concerned Ministries/Depts The Union Cabinet on Wednesday approved phasing out of the 25-year-old Foreign Investment Promotion Board (FIPB). The FIPB is the inter-ministerial body — or a single window clearance mechanism for applications on foreign direct investment (FDI) in India in sectors under the government approval route. The move to phase out the FIPB is aimed at making India a more attractive FDI destination and increasing FDI inflows by providing greater ease of doing business and promoting the ‘Maximum Governance and Minimum…