Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
    Goyal blames market conditions for Jet Airways' downfall; ED says he 'bled airline to death'
    Rupee rises 8 paise to close at 94.43 against US dollar
    NSE gets regulatory nod for Rs 30,000 cr IPO, the biggest so far
    Sensex rebounds 362 pts, snaps 4-day losses on strong rally in metal, oil shares
    Forex kitty jumps USD 11.47 bn to fresh all-time high of USD 740.8 bn
    NSE gets Sebi nod for Rs 30,000-cr IPO, one of India's largest public issues
    'Policing the Republic': Book traces history of personal security, from Pharaohs to presidents
    Rupee rises 5 paise to 94.46 against US dollar in early trade
    No sensitivity of India compromised in trade pact with US: Goyal
    About 100 highway plazas used illegal apps to collect toll from vehicles not bearing FASTag stickers: ED
    CBI conducts course on financial crimes for officers from ITEC-member countries
    Delhi workers welfare board blacklists firm for over 20,000 'unauthorised' Aadhaar transactions
    Rupee rises 22 paise to close at 94.51 against US dollar
    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
    Loans to go beyond SHGs, women to get access to credit to expand livelihoods: Union minister Chouhan
    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
    CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist fro...
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 4, 2026
Show AI Summary
Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
Show AI Summary
Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
Show AI Summary
Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
Show AI Summary
Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
Show AI Summary
Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
Show AI Summary
Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
Show AI Summary
IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
Show AI Summary
Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
Personal security evolved from elite guards into structured systems combining physical protection, intelligence, technology and specialised protocols. Prime Ministerial security in India was reorganised after the 1984 assassination of Prime Minister Indira Gandhi by her bodyguards. A commission recommended a single protective agency, leading to the formation of the Special Protection Group in 1985. Statutory parameters introduced in 1988 sought to rationalise and scientifically streamline protection arrangements. Advanced technology, training, intelligence and protocols do not eliminate personal-protection vulnerabilities, and security is characterised as a necessity rather than a status symbol.
September 4, 2026
Show AI Summary
Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
Show AI Summary
Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
Show AI Summary
Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.
September 3, 2026
Show AI Summary
Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
Capacity-building training under the Indian Technical and Economic Cooperation programme equipped officers from member countries with practical skills for investigating economic offences. It covered varied forms of financial and economic crime, cross-border impact, challenges in investigation and prosecution, standard operating procedures, and investigative best practices. The specialised law-enforcement engagement aims to strengthen international cooperation and investigative capacity in economic-offence matters.
September 3, 2026
Show AI Summary
Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
Alleged unauthorised use of Aadhaar Registrar/EA Code credentials after termination of an operational engagement led the Delhi Construction and Other Workers Welfare Board to blacklist MDS Solution Pvt Ltd. UIDAI communication indicated that Aadhaar-related activity allegedly continued after cancellation through the Board's credentials. The Board lodged a police complaint, barred the firm from its tenders, procurement processes, empanelment and contract awards, and recommended consideration of action under applicable rules and policies.
September 3, 2026
Show AI Summary
FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
Show AI Summary
Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
Show AI Summary
Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
Show AI Summary
Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
Show AI Summary
Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
Show AI Summary
Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
Show AI Summary
Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters

Prime Minister Shri Narendra Modi launches LIC’s Bima Sakhi Yojana

December 10, 2024

Contents
Summary
Note

Note

-

Bookmark

Print

Print

PM lays the foundation stone of the main campus of Maharana Pratap Horticultural University, Karnal

Our government has taken unprecedented steps for women empowerment in the last 10 years: PM

Today, India is moving forward with the resolve to develop by the year 2047: PM

To empower women, it is very important that they get ample opportunities to move forward and every obstacle in their way is removed: PM

Today, a campaign has started to make lakhs of daughters Bima Sakhis: PM

The Prime Minister Shri Narendra Modi launched the ‘Bima Sakhi Yojana’ of Life Insurance Corporation, in line with his commitment to women empowerment and financial inclusion, in Panipat, Haryana. During the occasion, he also laid the foundation stone of the Main campus of Maharana Pratap Horticultural University, Karnal. Addressing the gathering, Shri Modi said that today India was taking another strong step towards women empowerment. He added that today being the 9th day of the month was special as number 9 was considered auspicious in our scriptures and was associated with the nine forms of Nav Durga, worshipped during the Navratri. He remarked that today is also a day of worship of Nari Shakti.

The Prime Minister recollected that it was on 9th December, the first meeting of the Constituent Assembly was held and today when the country was celebrating 75 years of the Constitution, the date inspires us to ensure equality and holistic development.

Lauding Haryana as a great land that gave the world the knowledge of ethics and religion, Shri Modi was pleased that at this time, the International Gita Jayanti Mahotsav was also being held in Kurukshetra. He paid respects to the land of Gita and greeted all the patriotic people of Haryana. Shri Modi lauded the people of Haryana for adopting the mantra of 'Ek hain to Safe hain', which had become an example for the entire country.

Expressing his unflinching relationship and attachment with Haryana, the Prime Minister thanked the people for electing them to power for the third time in a row. He added that the newly formed state Government was being praised from all quarters despite being formed recently. He further added that the country has witnessed the way thousands of youth have got permanent jobs here without corruption after the formation of the government. Thanking the women of Haryana, Shri Modi remarked that he had launched the Bima Sakhi scheme, which provides employment to the women of the country and congratulated all for the same.

Recounting his privilege of launching the Beti Bachao, Beti Padhao campaign from Panipat, a few years ago, the Prime Minister underlined that it had a positive impact in Haryana as well as the entire country. He added that in Haryana alone, lives of thousands of daughters' were saved in the last decade. Shri Modi remarked that now after a decade, the Bima Sakhi Yojana for sisters and daughters was being launched from this very land of Panipat. He added that Panipat had become a symbol of women power.

Highlighting that India was treading forward with the resolution of Viksit Bharat by 2047, Shri Modi said that from 1947 till today, the energy of every class and region has taken India to this height. He added that however, to achieve the resolution of a developed India by 2047, India needs many new sources of energy. North-East India being one such source, Shri Modi said Nari Shakti of India was another important source of energy in the form of women self-help groups, insurance sakhi, bank sakhi, agriculture sakhi which would bolster the resolution of developed India.

The Prime Minister stressed that it was imperative to ensure ample opportunities and remove every obstacle in their way to empower women. He added that when women were empowered, new doors of opportunities opened for the country. Highlighting that the Government opened up many jobs which were forbidden for women, Shri Modi remarked that the daughters of India were being deployed in the front lines of the army today. He added that India’s daughters, in large numbers, were becoming fighter pilots, recruited in police and heading corporate companies too. The Prime Minister noted that there were 1200 producer associations or cooperative societies of farmers and cattle rearers in the country, led by women. He added that girls were moving ahead in every field from sports to education. He further added that lakhs of daughters have also benefited from increasing the maternity leave for pregnant women to 26 weeks.

The Prime Minister remarked that the foundation of the Bima Sakhi programme, launched today, was also based on years of hard work and penance. Noting that most women lacked bank accounts after 6 decades of independence, he said that women were cut off from the entire banking system. Expressing pride over 30 crore women accounts under Jan Dhan Yojana, Shri Modi said that his Government opened the Jan Dhan accounts for women to ensure the subsidies like Gas subsidy reach the responsible hands of the family. He added that Jan Dhan Yojana has also helped in ensuring the transfer of money from schemes like Kisan Kalyan Nidhi, Sukanya Samridhi Yojana, funds to build own houses, funds to set up shops for hawkers, Mudra Yojana and others.

Lauding the women for having played a major role in providing banking facilities in every village, the Prime Minister said that those who did not even have bank accounts are now connecting the villagers to banks as Bank Sakhi. He added that the Bank Sakhis have started teaching people how to save money in a bank, how to get a loan and lakhs of such Bank Sakhis are providing services in every village today.

Recollecting that women of India were not insured earlier, Shri Modi remarked that today a campaign was started to make lakhs of women insurance agents or Bima Sakhi. He added that now women will also lead the expansion of sectors like insurance. The Prime Minister stressed that the target was to provide employment opportunities to 2 lakh women under the Bima Sakhi Yojana. He added that girls who had completed their class 10 would be trained and given financial help for three years under the Bima Sakhi Yojana. Citing data related to the insurance sector which showed that a LIC agent earns an average of 15 thousand rupees every month, Shri Modi said that our Bima Sakhis would earn more than 1.75 lakh rupees every year which would give additional income to the family.

Noting that the contribution of Bima Sakhis would be much more apart from earning money, the Prime Minister said ‘Insurance for All’ in India was the aim at the end of the day. He added that it was necessary for social security and to eradicate poverty from its roots. He further emphasised that the Bima Sakhis will strengthen the mission of Insurance for All.

Underlining that when an individual is insured, the benefit gained is immense, Shri Modi said the Government was implementing Pradhan Mantri Jeevan Jyoti Bima and Pradhan Mantri Suraksha Bima Yojanas. He added that an insurance of Rs 2 lakh was provided at a very low premium under these schemes. Shri Modi noted that more than 20 crore people of the country who could never even think of insurance, have been insured. He added that under these two schemes, a claim amount of about Rs 20 thousand crore has been given so far. Shri Modi remarked that Bima Sakhis would be working to provide social security cover to many families of the country, a kind of a virtuous work.

Emphasising that the revolutionary policies made for rural women in India in the last 10 years along with the policy decisions undertaken was indeed a subject of study, the Prime Minister said even though the titles of Bima Sakhi, Bank Sakhi, Krishi Sakhi, Pashu Sakhi, Drone Didi, Lakhpati didi sound simple and common, they are transforming the fate of India. He added that India's Self Help Group Abhiyaan would be scripted in golden letters in history considering the empowerment of women done by it. Shri Modi remarked that the Government had made women self-help groups a big medium to bring about change in the rural economy. He added that 10 crore women across the country are associated with self-help groups and more than 8 lakh crore rupees of help to the women of self-help groups in the last decade.

Lauding the role and contribution of the women, associated with Self Help Groups across the country, as extraordinary, the Prime Minister remarked that they were working to make India the third largest economic power in the world. Noting that women from every society, class and family were associated with this, he added that every woman was getting opportunities in this. He further remarked that the movement of Self Help Groups was also strengthening social harmony and social justice. The Prime Minister highlighted that the Self Help Groups were not only increasing the income of one woman, but also increasing the confidence of a family, and the entire village. He lauded all of them for the good work being carried out.

Shri Modi also recounted his announcement made from the ramparts of Red Fort to make 3 crore Lakhpati Didis and so far more than 1 crore 15 lakh Lakhpati Didis have been made across the country. He added that these women have started earning more than one lakh rupees every year. The Prime Minister remarked that the Lakhpati Didi campaign was also getting much needed support from the Government's Namo Drone Didi Yojana, which is discussed even in Haryana. Shri Modi narrated the account of a Namo Drono Didi from Haryana and said that this scheme was transforming both agriculture and the lives of women.

The Prime Minister highlighted that thousands of Krishi Sakhis were being trained to raise awareness about modern farming and natural farming in the country. He added that about 70 thousand Krishi Sakhis had already received certificates and these Krishi Sakhis had the capacity to earn more than 60 thousand rupees every year. Discussing about the Pashu Sakhis, Shri Modi said more than 1.25 lakh Pashu Sakhis are today a part of the awareness campaign about animal husbandry. He added that these were not just a means of employment but doing a great service to humanity. He remarked that Krishi Sakhis were not only working to save the earth for future generations, but also serving the soil and our farmers by spreading awareness about natural farming. Similarly, he added that our Pashu Sakhis were doing a pious work of serving humanity by serving animals.

Emphasising the love and affection received from the sisters and mothers of the country, Shri Modi said his Government built more than 12 crore toilets in the country in the last 10 years which helped many women whose houses had no toilets. Similarly, he added, free gas cylinder connections were given to crores of women who had no gas connection 10 years ago. He further added that tap water connections, pucca houses were also ensured to women who lacked them. The Prime Minister highlighted that the legislation ensuring 33 percent reservation for women in the Vidhan Sabha and Lok Sabha was also enacted. He added that the blessings of mothers and sisters would be ensured only when such honest efforts are made with the right intentions.

Touching upon the work being done for the welfare of the farmers by their Center and State Governments, the Prime Minister underscored that in the first two terms, the farmers of Haryana had received more than 1.25 lakh crore rupees as MSP, while after the formation of the government for the third time in Haryana, 14 thousand crore rupees was given to paddy, millet and moong farmers as MSP. He added that more than 800 crore rupees was also given to help drought affected farmers. Recounting the major role played by Chaudhary Charan Singh University in making Haryana the leader of Green Revolution, Shri Modi said that now in the 21st century, the role of Maharana Pratap University would be imperative in making Haryana a leader in the field of horticulture. He added that today, the foundation stone of the new campus of Maharana Pratap Horticulture University was laid and it would provide new facilities to the youth studying in this university.

Concluding his address, Shri Modi assured the women of Haryana that the state would develop rapidly and the Governments at the Centre and State would work three times faster in their third term. He expressed confidence that the role of women power in Haryana would continue to grow stronger.

The Governor of Haryana, Shri Bandaru Dattatreya, Chief Minister of Haryana, Shri Nayab Singh Saini, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, Union Minister for Housing and Urban Affairs and Power, Shri Manohar Lal, Minister of State for Cooperation, Shri Krishan Pal and other dignitaries were present at the event.

In her welcome address, Smt. Sitharaman, while lauding the work done in the insurance sector by Life Insurance Corporation (LIC), said that LIC has come a long way from 2017, when there were 6 lakh women agents, which has now increased to 7.45 lakh agents in 2023.

Comparing the male-female ratio of insurance agents, the Union Finance Minister said that out of every 100 insurance agents, there are 28 female agents and the scheme Bima Sakhi Yojana, launched today by the Prime Minister, will be a step in the direction to improve women's participation.

Smt. Sitharaman said, "The Bima Sakhi Programme, which the Prime Minister launched today, is also referred to as a women career agent programme. Under this initiative, 25,000 women will be appointed as Bima Sakhis."

To participate in the initiative, women aged between 18 and 70 years who have completed their 10th-grade education are eligible to apply.

She stated, "Each Bima Sakhi will earn a monthly stipend of Rs. 7,000 in the first year, Rs. 6,000 per month in the second year, and Rs. 5,000 per month in the third year. This stipend serves as a basic support allowance. Additionally, women agents can earn commissions based on the insurance policies they secure, with their earnings increasing in proportion to the business they bring in."

This creates an opportunity for women to significantly increase their income based on their performance.

In addition to the stipend, Smt. Sitharaman said that Bima Sakhis will earn commissions based on the insurance policies they secure.

The Government aims to recruit 2 lakh Bima Sakhis over the next three years; besides women aged between 18 to 70 years can apply under this programme, the Union Finance Minister added.

Background

The ‘Bima Sakhi Yojana’ initiative of Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years, who are Class X pass. They will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness. After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC.

The Main campus of Maharana Pratap Horticultural University, Karnal and six regional research stations, spread over 495 acres, will be established at a cost of over Rs 700 crore. The University will have one College of Horticulture for Graduate and Post-Graduate studies and five schools covering 10 horticulture disciplines. It will work towards crop diversification and world class research for development of horticulture technologies.

Topics

Acts Income Tax