Business

15

Aug

By The Press Editor

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Business

What is Deep Water Exploration Mission PM Modi talked about, how will it boost domestic oil production?

PM Modi said the Central government is now working to make the country self-reliant in energy. "To make India a developed nation, we are now embarking on a new phase of Samudra Manthan (Churning of the Ocean)," he said. New Delhi: Prime Minister Narendra Modi during his Independence Day speech at Red Fort announced a National Deep Water Exploration Mission aimed at discovering oil and gas reserves beneath the seabed, as part of efforts to boost domestic production and reduce the country's multi-billion-dollar import bill. India dependent on imports to meet 88% of oil needs The announcement from PM modi…

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15

Aug

By The Press Editor

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Business

Loan disbursement delayed? Here’s what to do in such circumstances – Check details

When applying for a loan, always ask for realistic timelines and not just average turnaround times, but also what happens in the event of a delay. New Delhi: A single error, whether it’s a missing document, administrative oversight or technical glitch, can delay loan disbursements. Such disruptions can be more than just an inconvenience for individuals as they can directly impact plans and payments. These delays may seem procedural from the lender’s perspective, but they can create financial and emotional stress for borrowers. According to Ankit Mehra, CEO of GyanDhan, proactive planning and timely intervention are crucial in such circumstances. …

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15

Aug

By The Press Editor

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Business

INR Vs PKR: From 1947 to today, how they have held against each other

Pakistan officially introduced its currency, the Pakistani Rupee i.e. PKR. This step was the first significant change for Pakistan towards establishing its economic identity. New Delhi: In 1947, Pakistan was created following the partition of British India. At that time, the value of the Indian Rupee (INR) and the Pakistani Rupee (PKR) were equivalent. That is, 1 Indian Rupee = 1 Pakistani Rupee. At that time, very few would have imagined that, over time, the difference in the value of both currencies would become so significant. Today, the value of one Indian Rupee is approximately equivalent to 3.22 Pakistani Rupees.…

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15

Aug

By The Press Editor

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Business

Personal Accident Insurance: Different coverages you might be missing, check details

A personal accident cover aims to pay compensation to the insured in case of an accident while travelling by rail, air, road or drowning or accidental falls, etc. New Delhi: A personal accident (PA) insurance cover is designed to protect oneself from various types of accidents. One can take a personal accident cover at a very nominal cost, which primarily covers accidental death, ensuring a lump sum payout in case of death arising out of accidental bodily injury.  It ensures that accidental hospitalisation expenses or loss of income due to various forms of temporary or permanent disabilities, including partial or…

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15

Aug

By The Press Editor

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Business

Cashless hospitalisation vs reimbursement claims: Which one makes more sense? Find out here

Reimbursement claims come into play when treatment happens at a hospital outside the insurer’s network, or when cashless processing isn’t possible. New Delhi: When a health crisis hits, how your insurance processes the claim can make all the difference - both to your treatment experience and your family’s peace of mind. In India, policyholders generally have two ways to settle hospital bills: cashless hospitalisation and reimbursement claims. Each serves a different need, and experts say a truly effective health cover is one that offers both without compromise. What IRDAI Guidelines Say  As per IRDAI guidelines, insurers must approve cashless authorisation…

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15

Aug

By The Press Editor

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Business

After 1:10 stock split, this stock to be in focus as company forms JV with Taiwan-based firm

The 52-week high of the stock is Rs 759.55, hit on October 14, 2024, and the 52-week low is Rs 295.20. According to the BSE Analytics, the stock has delivered a return of 86 per cent in two years. Mumbai: Shares of auto components and equipment manufacturer company Pavna Industries Limited will be in focus as the company has informed exchanges that it has formed a joint venture with Taiwan-based SmartChip Microelectronic Corporation. According to the information shared, they will form a new joint venture company to manufacture electronic components for the automotive industry and other sectors. Earlier, the company announced…

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15

Aug

By The Press Editor

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Business

Annual FASTag goes live: Dedicated activation link, how to recharge and all other important details here

According to the Ministry of Road Transport and Highways (MoRTH), the annual pass will allow seamless travel across National Highways without the need for repeated recharging of FASTag cards for toll payments. New Delhi: The National Highways Authority of India (NHAI) has rolled out, effective today, the Rs 3,000 FASTag-based annual pass, which will allow commuters to cross 200 highway toll booths in one year for a single charge. It is worth noting that the annual toll pass is applicable to private cars, jeeps, and vans. According to the Ministry of Road Transport and Highways (MoRTH), the annual pass will…

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15

Aug

By The Press Editor

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Business

GST Reforms: Finance Ministry proposes 2-slab rate structure, reduction of taxes after PM Modi’s Independence Day

Prime Minister Narendra Modi, while addressing the nation on the occasion of India's 79th Independence Day, announced that the next generation of GST reforms will be introduced this Diwali. New Delhi: Soon after Prime Minister Narendra Modi underscored the importance of the next generation of reforms under Goods and Services Tax, the Finance Ministry proposed a two-slab GST rate structure along with special rates for select items. According to the information shared, the Central Government has sent its proposal on GST rate rationalisation and reforms to the Group of Ministers (GoM) constituted by the GST Council to examine this issue.…

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15

Aug

By The Press Editor

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Business

Independence Day 2025: From GST reforms to Made-in-India semiconductors, PM Modi’s top quotes

From promising Made-in-India semiconductor chips to announcing GST reforms, here are the top quotes from PM Modi's Independence Day Speech. New Delhi: Prime Minister Narendra Modi addressed the nation from the Red Fort on India's 79th Independence Day on Friday, August 15. This was also his longest-ever address as he spoke for nearly 103 minutes. Sporting a saffron turban for his 12th consecutive address to the nation from the historic ramparts, he was seen meeting and interacting with the children and spectators present to witness the Independence Day celebrations.  From promising Made-in-India semiconductor chips to announcing GST reforms, here are…

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15

Aug

By The Press Editor

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Business

PM Modi’s big announcement on semiconductor: ‘Made-in-India semiconductor chip to be launched this year’

Addressing the nation on the 79th Independence Day, Prime Minister Narendra Modi said that the government is working on semiconductors in 'Mission Mode'. New Delhi: Talking about India's rapid strides in the semiconductor sector, Prime Minister Narendra Modi announced on Friday that the first made-in-India semiconductor chip will be launched in the market by the end of this year. Addressing the nation on the 79th Independence Day, the Prime Minister said that the government is working in "mission mode". Terming the 21st century a “technology-driven century”, he said that six semiconductor units are already on the ground and four new…

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