Showkat Kumar 
JSW Neo Energy Limited (JSW Neo), a wholly owned subsidiary of JSW Energy Limited on Tuesday announced that it has received a Letter of Award (LoA) for setting up 200 MW Wind-Solar Hybrid Power Project from Maharashtra State Electricity Distribution Company Limited (MSEDCL) against Tariff based Competitive Bid (MSEDCL – Phase III). The company said … Read more
Maharashtra cabinet on August 25, 2024 decided to implement for State government employees the Unified Pension Scheme announced by the Union government a day earlier. | Photo Credit: Getty Images/iStockphoto
With the introduction of the Unified Pension Scheme from 1st April 2025, many NPS government subscribers would ask, Should I switch from National Pension Scheme to the Unified Pension Scheme? Here is a free calculator to find out! At the time of writing, the full terms and conditions of the Unified Pension Scheme (UPS) are still unclear. … Read more
According to reports, the critical review meeting aims to assess important financial measures, the effectiveness of various government policies, and the performance of Public Sector Banks and Regional Rural Banks. On August 19, the Nifty PSU Bank index emerged as one of the top gainers among Nifty sectoral indices, increasing by more than 1.5 percent. … Read more
Officials in New Delhi are considering a proposal to raise the foreign direct investment (FDI) limit in the insurance sector from 74% to 100%, ToI reported on August 19. This initiative has the support of the Insurance Regulatory and Development Authority of India (Irdai), but it will require political approval since amending the Insurance Act … Read more
According to Shalini Warrier, Retail Business Head at Federal Bank Ltd., deposit growth is the primary challenge for the Indian banking sector, as customers have more diverse investment options to choose from. There is no easy solution to this issue,” Warrier stated on Bloomberg TV Monday. When fixed deposit rates do not increase to the … Read more
Mumbai: Bank borrowing via market instruments has surged to a record high, exceeding ₹9 lakh crore. This significant increase has caught the regulator’s eye, as the ongoing faster growth of credit compared to deposits forces lenders to seek alternative sources of funding.” “Data released by the RBI on a biweekly basis indicates that as of … Read more
Indian firms are increasingly seeking funds in international markets due to greater interest from global investors, better liquidity conditions, and lower hedging costs. This trend was highlighted by the Reserve Bank of India (RBI) in its latest monthly bulletin released on Monday. The RBI added that this trend signifies a notable resurgence in external borrowing, … Read more
In view of the potential role of Self-Regulatory Organizations (SROs) in strengthening compliance culture among their members and also providing a consultative platform for policy making, the Reserve Bank of India has, today, issued the Framework for recognition of SROs in Financial Markets. 2. The framework is based on the ‘Omnibus Framework for recognition of … Read more
43 RRBs participated in focused discussion on business performance, upgrading digital technology services, and fostering business growth in MSME clusters Union Finance Minister emphasizes active outreach by RRB branches in MSME clusters to ensure credit to small and micro enterprises RRBs must devise suitable MSME products aligning with cluster activities and leverage their personal and … Read more