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
    TMC calls ED searches political vendetta, bid to divert attention from Delhi building collapse
    Valmiki Corporation 'scam': ED questions ex-K'taka minister B Nagendra again
    Allahabad HC seeks Centre, UP response over learning licence issued in dead man's name
    Axis Bank sees religious tourism, defence, MSMEs as key growth areas in UP
    Rupee falls 13 paise to close at 94.56 against US dollar
    Vimal Elaichi makers move Delhi HC against Maharashtra FDA notice to 3 actors
    As world faced turmoil, India forged partnerships to maintain its economic growth: Shah
    Haryana govt, RBI review measures to tackle financial frauds
    Union law minister Meghwal inaugurates ITAT's new premises in Kolkata
    Enabling Filing of Appeals in Cases Involving NIL or Zero Demand Amount
    DGFT Introduces Open API Facility for Certificate of Origin on the Trade Connect e-Platform
    Amid global turmoil, India maintained momentum of its economic growth, says Amit Shah
    Zaggle Brings Cricket and Business Together in Hyderabad; Hosts Padma Bhushan Dr. Sunil Gavaskar
    AI may accelerate anti-competitive practices in digital markets: CCI chief
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for India to Emerge as a Global Medical and Healthcare Destination
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Trained Caregivers and Wider Hospital Participation in Heal in India Gateway
    Rupee falls 7 paise to close at 94.50 against US dollar
    India Must Build Resilient, Globally Integrated Healthcare Supply Chains: Commerce and Industry Minister Shri Piyush Goyal at Bharat Health Global Exp...
    Rupee rises 4 paise to 94.39 against US dollar in early trade
    Jantar Mantar student stir, mass struggles could impact Assembly polls: MA Baby
❯❯
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 7, 2026
Show AI Summary
Aadhaar-based learning licence authentication faces challenge over age verification, identity safeguards, and compliance with prescribed licensing formalities.
Aadhaar-based online processing of learning and driving licence applications is challenged on the ground that Aadhaar is not valid proof of age and that reliance on Aadhaar details may enable issue of licences to underage applicants. Allegations that licences were issued using a deceased person's Aadhaar number and despite an obscene uploaded photograph raise identity-verification and security concerns. The Union and State maintain that Aadhaar alone does not result in licence issuance because prescribed formalities must also be completed.
September 7, 2026
Show AI Summary
Digital payment transparency for religious institutions supports direct trust-account donations, reconciliation, and technology-led banking services.
Digital donation collection facilities for temples and religious establishments include kiosks, Bharat Bill Payment System payments and UPI QR-code payments. Donations may be credited directly to the relevant trust account, supported by transaction reconciliation and digital records to improve transparency and ease of transactions. Technology services also cover municipal dues payments and property-tax assessment, alongside banking support for defence-sector ecosystems, MSMEs, agriculture and priority-sector lending.
September 7, 2026
Show AI Summary
Rupee exchange-rate movement reflected crude oil pressures, domestic equity weakness, foreign inflows, and a softer dollar.
Foreign-exchange market conditions resulted in the rupee closing weaker against the US dollar after initial support from foreign currency deposit inflows. Rising crude oil prices and weakness in domestic equity markets weighed on sentiment and offset support from a softer dollar and foreign investor equity purchases. Future movement may remain influenced by foreign inflows, crude oil prices, domestic market conditions, geopolitical tensions and inflation data.
September 7, 2026
Show AI Summary
Surrogate advertising allegations challenge notices targeting brand ambassadors and raise jurisdiction and hearing concerns for product promoters.
Challenge to surrogate advertising allegations concerns notices requiring brand ambassadors promoting Vimal Elaichi to prove that it differs from prohibited pan masala, halt promotions, and remove digital materials. The product promoter contests the notices because they were addressed only to the actors, it was not heard, and the regulator allegedly lacked jurisdiction to stop the advertisements. Territorial jurisdiction to entertain the challenge is also contested.
September 7, 2026
Show AI Summary
Free trade agreements and cyber-fraud prevention feature in India's stated strategy for economic growth, security, and digital protection.
India's external economic strategy relies on diplomatic engagement, strategic partnerships and free trade agreements to sustain growth amid geopolitical uncertainty. Cooperation extends to defence, technology, energy, investment and trade, as well as digital public infrastructure, disaster relief and capacity building. Internal and border security are treated as conditions for national development, while police responsibilities include community safety, maritime protection and tourist safety. Growing cyber-fraud risks linked to the digital economy are addressed through coordination with states and the national cybercrime helpline.
September 7, 2026
Show AI Summary
Financial fraud prevention advances through accessible complaints, cyber awareness, intelligence-sharing, and AI-based detection of mule accounts.
Financial-fraud prevention measures rely on coordinated review of alleged fraud, unauthorised deposit collection, complaints, market intelligence, investor protection and cyber threats. The SACHET portal supports market intelligence and complaints concerning unregulated financial activities through multilingual and accessibility features. MuleHunter.ai uses artificial intelligence and machine learning to identify mule accounts used in fraudulent fund flows. Financial-literacy programmes and accessible educational initiatives promote safe banking, fraud awareness and coordinated responses to cyber-enabled financial crime.
September 7, 2026
Show AI Summary
Technology-driven tax dispute resolution supports faster tribunal processes, reduced litigation, and improved taxpayer services through digital filing and assessments.
The Kolkata Bench of the Income Tax Appellate Tribunal is intended to expedite tax-dispute resolution across 12 states, including seven northeastern states, while advancing impartial, accessible and swift justice. Its administrative role includes improving justice delivery, reducing pendency and pursuing AI-driven digital transformation. The Income Tax Department and the Tribunal seek reduced litigation and improved taxpayer services through technology-driven measures, including faceless assessment and electronic filing.
September 7, 2026
Show AI Summary
Appeals against NIL or Zero GST demand orders are enabled where taxpayers paid liabilities before issuance of the order.
GST Portal validation restricting appeals against demand orders showing NIL or Zero demand has been removed where a liability dispute exists and the taxpayer made payment before issuance of the demand order. Taxpayers may challenge such orders by filing an appeal in Form GST APL-01, and may raise a ticket with the GST Helpdesk if filing difficulties arise.
September 7, 2026
Show AI Summary
Certificate of origin API integration enables exporters to submit applications, receive certificates, verify issuance, and reduce repetitive data entry.
Open API integration for Certificates of Origin enables eligible exporters to connect ERP, accounting and other business software with the Trade Connect e-Platform for electronic application submission. The facility covers preferential and non-preferential certificates, provides authentication, file-submission and certificate-verification APIs, and maintains a transaction ledger for application tracking. Security measures include digital signatures, password hashing, IP whitelisting and time-limited access tokens. Relevant origin criteria, fields and validation rules are automatically applied according to the selected trade agreement or certification scheme.
September 7, 2026
Show AI Summary
Free trade agreements and strategic partnerships were identified as supporting India's trade engagement and economic growth amid geopolitical disruption.
India's international economic engagement through free trade agreements and strategic partnerships was identified as a means of sustaining economic growth amid geopolitical disruption. Economic cooperation was described as extending across defence, technology, energy, investment and trade. Nine free trade agreements were stated to have been concluded by 2026, with further trade arrangements proposed with other countries. Pursuit of free trade agreements was linked to increasing trade and to reported first-quarter GDP growth in the financial year 2026-27.
September 7, 2026
Show AI Summary
Leadership, talent recognition and legacy framed a discussion linking cricketing performance with entrepreneurship and organisational responsibility.
No FEMA or RBI regulatory measure, compliance obligation, legal interpretation, or adjudicatory determination is identified. The subject matter concerns leadership, performance and entrepreneurship, with emphasis on preparation, decision-making under pressure, teamwork, recognising potential and supporting talent. Corporate success is linked with creating opportunities, contributing to society and building a lasting legacy. Zaggle is described as providing enterprise spend management, card-based financial products through banking partnerships and software offerings for corporate customers.
September 7, 2026
Show AI Summary
AI-driven digital markets require competition scrutiny of autonomous pricing, self-preferencing, discriminatory pricing, tying, and market manipulation.
Artificial intelligence may accelerate anti-competitive conduct in digital markets through self-preferencing, discriminatory pricing, tying and market manipulation. Agentic AI may create particular concerns where it monitors competitors' prices and autonomously responds without direct human intervention. Competition law aims to prevent anti-competitive practices, promote competition, protect consumers and preserve freedom of trade, while allowing legitimate growth and innovation. Market dominance is not objectionable in itself; concern arises from abuse of dominance through exclusionary or exploitative practices.
September 7, 2026
Show AI Summary
Healthcare innovation and supply-chain self-reliance are prioritised through trade access, investment, research collaboration, testing infrastructure, and quality standards.
Healthcare-sector development priorities seek to expand medical devices, diagnostics, digital health, research, and pharmaceutical machinery through exports, import substitution, and services growth. Free trade agreements are presented as supporting preferential market access, services opportunities, and mobility. Sectoral growth is linked to startup incubation, intellectual-property capability, international research collaboration, technology transfer, and joint ventures. Healthcare self-reliance requires indigenous equipment, critical components, resilient supply chains, shared testing and certification infrastructure, and uncompromising quality standards.
September 7, 2026
Show AI Summary
Medical value tourism quality standards prioritise verified hospitals, ethical treatment, transparent pricing, and seamless international patient care.
Medical value tourism is proposed to expand through trained caregivers, transparent treatment packages, ethical hospital practices, seamless reimbursement and cashless-payment systems, telemedicine, and verified hospital participation. International patients are intended to receive care through accredited quality systems, supported by interpreters, global outreach, and coordinated healthcare networks. Expansion beyond metropolitan areas must maintain equivalent high-quality care for domestic and foreign patients without discrimination. Certification systems are expected to remain professionally independent and free from unethical influence.
September 7, 2026
Show AI Summary
Foreign exchange market pressures from rising crude oil and weak domestic equities constrained rupee support from foreign inflows.
Foreign exchange market conditions caused the rupee to depreciate against the US dollar despite support from FCNR dollar inflows and a softer dollar. Rising crude oil prices, weak domestic equities and global headwinds constrained gains. The outlook remained dependent on foreign inflows, dollar movements, crude prices, market sentiment and inflation data, with geopolitical tensions capable of increasing pressure on the currency.
September 7, 2026
Show AI Summary
Healthcare supply-chain resilience requires diversified sourcing, global investment, domestic innovation, and stronger medical-device production supported by enabling infrastructure.
Healthcare supply-chain resilience requires diversified sourcing, restoration of domestic capacity in Active Pharmaceutical Ingredients and Key Starting Materials, and continued imports where necessary through multiple suppliers and geographies. Pharmaceutical industry growth should move beyond generics towards research, development, patented products, new molecules, biosimilars and biotechnology. Regulatory convergence should support clinical trials, patenting and new-product introduction. Government support is contemplated for medical value travel, healthcare infrastructure, bulk drug parks, plug-and-play facilities, medical-device component production and scientific validation of Ayush products.
September 7, 2026
Show AI Summary
Foreign exchange market pressures offset rupee support from FCNR inflows amid higher crude oil and dollar demand.
The rupee gained marginally against the US dollar, supported by FCNR-related dollar inflows and robust liquidity. Elevated Brent crude prices, safe-haven dollar demand and geopolitical tensions constrained this support. Higher oil prices may enlarge India's import bill, increase dollar demand and pressure the rupee, although rising foreign-exchange reserves indicated external-sector strength.
September 6, 2026
Show AI Summary
Census data privacy and electoral integrity concerns emerge alongside calls to repeal insolvency law and protect political dissent.
CPI(M) called for repeal of the Insolvency and Bankruptcy Code, alleging that insolvency processes enabled diversion of public resources. It questioned economic growth figures against agricultural weakness, mining contraction, higher input costs, inflation, unemployment and malnutrition. The party also raised Census data privacy concerns over caste-data collection, potential linkage with government databases, and possible implications for citizenship, electoral rolls and future delimitation.

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