PSU general insurers have been asked to focus on profitable business segments and reduce incurred claim ratios. The Finance Ministry has also called for stronger underwriting, digitalisation and customer service. The direction came during a performance review meeting chaired by Department of Financial Services (DFS) Secretary Sanjay Lohiya. The meeting reviewed the financial and business […]
During the C.D. Deshmukh Memorial Lecture at the National Council of Applied Economic Research (NCAER), Finance Minister Nirmala Sitharaman outlined the Government’s vision for Viksit Bharat, describing it as a restoration of India’s historical legacy rather than an unprecedented national ambition. She said the goal is to build a developed nation by 2047 through inclusive […]
In Budget 2026-27, Finance Minister Nirmala Sitharaman announced a Small and Medium Enterprises (SME) Growth Fund with a budget of Rs 10,000 crore. The fund’s purpose is to help SMEs become more competitive and resilient. To further support micro-enterprises, the Self-Reliant India Fund would receive an additional Rs 2,000 crore. The government has established the […]
Ravi Ranjan has been appointed as the Managing Director of the State Bank of India (SBI), effective December 15, as announced by the Finance Ministry’s Department of Financial Services. He will serve until his retirement on September 30, 2028. Previously, Ranjan was the Deputy Managing Director, leading SBI’s Global Markets and overseeing the Corporate Accounts […]
The Finance Ministry is set to hold a review meeting with public sector banks to assess the impact of the US 50% tariff hike on the micro, small, and medium enterprises (MSME) sector and assess their credit requirements. The meeting, chaired by Department of Financial Services Secretary M Nagaraju, aims to understand how external trade […]
New Delhi, May 27 (IANS) Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources. The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, […]
