Latest News, Updates & Breaking Headlines
Inactive public sector enterprises (PSEs) should be considered for immediate closure to reduce fiscal strain on central and state governments, the 16th Finance Commission has recommended in its report while calling for deep reforms in the sector.The panel also said that land and buildings owned by inactive PSEs are valuable and could be deployed to…
MUMBAI: Moody’s Ratings said in a report that India’s insurance sector is likely to benefit from Govt moves to recapitalise and merge state-owned non-life insurers, as the measures aim to improve underwriting discipline, ease pricing pressures, and support long-term profitability amid strong economic growth and regulatory change.The report said large state-owned insurers have historically prioritised…
NEW DELHI/WASHINGTON: State-run oil companies have signed a one-year deal to buy 2.2m tonnes of cooking gas from the US, about 10% of India’s LPG imports. It’s expected to help cut the trade imbalance, a key complaint of the Trump administration. “A historic first! One of the largest and the world’s fastest growing liquefied petroleum…
