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    Finance Minister Smt. Nirmala Sitharaman chairs the 7th Annual Meeting of Board of Governors of New Development Bank via video-conference
    CCI approves acquisition by Sanoti Properties LLP of shareholding in Magma HDI General Insurance Company Limited
    GeM, CSC and India Posts sign MoU for engagement of last-mile Government buyers, sellers and service providers in public procurement
    UAE Minister of Economy, H.E. Abdulla Bin Touq Al Marri meets Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman
    Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY) and Atal Pension Yojana (APY) complete 7 years of provid...
    Indian Retail Investors played key role during the last two years: Union Finance Minister
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    May 20, 2022
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    Multilateralism advances: New Development Bank's role in mobilising development finance and expanding membership for emerging markets.
    The Finance Minister chaired the NDB's 7th Annual Meeting virtually, stressing multilateralism and the Bank's role in mobilising resources for infrastructure and sustainable development for BRICS and other EMDCs. The meeting highlighted the theme "NDB: Optimising Development Impact," noted membership expansion, affirmed operational progress including project approvals for member countries, and welcomed the planned India Regional Office at GIFT City as part of strengthening the Bank's development engagement.
    May 19, 2022
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    Merger control clearance for acquisition of majority stake in insurer by property developer via share subscription and simultaneous transfer
    Approval by the Competition Commission of India for Sanoti Properties LLP to acquire a majority stake in Magma HDI General Insurance Company Limited through a proposed subscription of equity combined with a simultaneous acquisition of shares from existing shareholders, effecting a change in control of the non life insurer under the statutory merger control framework; a detailed regulatory order will follow.
    May 18, 2022
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    Last mile procurement inclusion: GeM, CSC and India Post partnership expands logistics, training, market access for rural sellers, service providers
    A tripartite MoU links GeM, CSC SPV and the Department of Posts to enable last mile buyers, sellers and service providers to access GeM through CSCs and India Post offices, providing free GeM services via assisted registration, catalogue management, order fulfilment and invoicing, together with value added logistics such as photography, packaging and postal shipment; India Post will supply approved packaging, facilitate pick up and priority processing of GeM labelled consignments under its Shipment Packaging Policy.
    May 12, 2022
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    Economic partnership drives enhanced India UAE commercial engagement and cooperation under the India UAE CEPA summit framework.
    Discussion of sustained bilateral economic and commercial engagement centred on the India UAE Economic Partnership Summit and the operationalisation of the India UAE CEPA, with high level ministerial exchanges aimed at deepening trade ties, exploring new cooperation areas, and optimising existing institutional arrangements to facilitate cross border economic activity.
    May 9, 2022
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    Social security schemes expand affordable insurance and guaranteed pension coverage to extend financial protection to vulnerable citizens.
    Pradhan Mantri schemes create an operative framework for low cost life and accidental insurance and a contributory guaranteed pension: PMJJBY and PMSBY are renewable one year covers for eligible bank or post office account holders with premium collection via annual auto debit and streamlined claim settlement; APY is a PFRDA administered contributory pension under the NPS architecture offering subscriber chosen guaranteed minimum monthly pensions from age sixty, with spousal continuation provisions, regulated exit conditions, and a Central Government guarantee to fund any shortfall in providing the guaranteed pension.
    May 7, 2022
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    Retail investor participation framed as market stabiliser, paired with investor education and blockchain debenture monitoring.
    The document emphasises domestic retail investors as a stabilising market force with rapid demat account growth, announces 'Market ka Eklavya'-an online, regional-language investor education programme for students-and details NSDL's deployment of a Distributed Ledger Technology blockchain to record asset charges and monitor debenture covenants via cryptographically signed, time-stamped entries to create a verifiable audit trail and enhance transparency in bond markets.

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