‘Significant role in strengthening governance’: Centre launches e-bill system for fertilizer subsidies; platform to digitise workflow | India News

Union fertilizers minister J P Nadda on Thursday inaugurated an integrated e-bill system aimed at digitally processing fertilizer subsidies of about Rs 2 lakh crore. The move replaces manual, paper-based procedures with a fully digital workflow, eliminating the physical movement of bills, an official statement said.“This online system will play a significant role in strengthening…

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Insurance costs under lens: RBI flags high-cost distribution driving premium growth, warns of medium-term pressure

The Reserve Bank of India has flagged emerging structural pressures in the insurance sector, warning that premium growth is increasingly being driven by high-cost, distribution-led strategies rather than improvements in operating efficiency, even as the sector remains stable in the near term, according to its latest Financial Stability Report.“While posing no near-term systemic risks, the…

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Pension reform: PFRDA allows banks to set up pension funds for NPS; aims to boost competition

The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday permitted banks to independently set up pension funds to manage the government’s flagship National Pension System (NPS), a move aimed at enhancing competition and safeguarding subscriber interests, PTI reported.The PFRDA board “has approved, in principle, a framework to permit Scheduled Commercial Banks (SCBs) to independently…

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Audit push: NFRA releases second audit practice toolkit; focuses on revenue risk assessment

The National Financial Reporting Authority (NFRA) on Thursday said it has rolled out its second Audit Practice Toolkit to support small and medium audit practitioners across the country, as part of its broader effort to improve the quality of auditing practices, PTI reported.The toolkit, titled ‘Risk & Response Memorandum: ROMM (Risk of Material Misstatement) Assessment…

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‘You are nominated, I am elected … ‘: Trinamool’s offensive against CEC Gyanesh Kumar sets stage for rough SIR ride in West Bengal | India News

NEW DELHI: “You are a nominated official, but I am an elected representative … ” The Trinamool Congress’s offensive against Chief Election Commissioner Gyanesh Kumar has set the stage for an all-out confrontation over the ongoing Special Intensive Revision of electoral rolls ahead of upcoming assembly elections in West Bengal. Mamata Banerjee’s nephew Abhishek Banerjee,…

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Vande Bharat Sleeper Train Launch Soon On This Route! Indian Railways’ New Train Better Than Rajdhani

Vande Bharat Sleeper Train Launch, Route & Fares: The much awaited Vande Bharat sleeper train is all set to be launched soon, Railway Minister Ashwini Vaishnaw has announced. The new train will be flagged off by PM Narendra Modi in the next few weeks. Vande Bharat sleeper trains, aimed at providing superior experience to Rajdhani…

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Director compliance relief: Corporate affairs ministry eases KYC norms, shifts from annual filing to 3-year cycle

The Corporate Affairs Ministry has relaxed compliance requirements for company directors by replacing the mandatory annual KYC filing with a simplified requirement once every three years under the Companies Act, 2013, PTI reported.The change follows a review of Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014, based on recommendations of the…

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BJP’s agenda is to ensure Marathi manoos does not become Mumbai mayor, alleges Raut | India News

MUMBAI: Shiv Sena (UBT) leader Sanjay Raut on Thursday claimed the ruling BJP’s agenda is to ensure that a ‘Marathi manoos’ does not become the mayor of the Brihanmumbai Municipal Corporation (BMC).Talking to reporters, Raut further claimed that the BJP wants to hurt the Marathi people.Responding to remarks made by BJP leader Kripashankar Singh that…

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