Bima Sugam: Bima Sugam, an ambitious digital insurance platform developed under the Bima Trinity initiative by the Insurance Regulatory and Development Authority of India (IRDAI), is poised for launch. It is developed by the Insurance Regulatory and Development Authority of India (IRDAI), under the Ministry of Finance.
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions
Paytm Receives NPCI Nod to Onboard New UPI Users After RBI Restrictions: Paytm has received approval from the National Payments Corporation of India (NPCI) to onboard new UPI users, ending a nine-month embargo imposed by the Reserve Bank of India (RBI). This decision is expected to increase Paytm’s UPI transaction volumes and boost its market […]
Colombia Hosts COP16
Colombia Hosts COP16: The two-week United Nations Biodiversity Conference (COP16) commenced today in Colombia, bringing together environmental leaders from nearly 200 countries to evaluate historic commitments aimed at halting and reversing the loss of biodiversity. This significant gathering follows the signing of the Kunming-Montreal Global Biodiversity Framework by 196 countries, an ambitious treaty designed to […]
Justice Yahya Afridi Selected as Pakistan’s Next Chief Justice Amid Political Unrest
Justice Yahya Afridi Selected as Pakistan’s Next Chief Justice Amid Political Unrest: A special parliamentary committee in Pakistan has appointed Justice Yahya Afridi as the next Chief Justice, bypassing the traditional seniority principle. This decision follows the 26th Constitutional Amendment, which granted the committee the authority to appoint the top judge, replacing the seniority-based elevation […]
Deepika Kumari Wins Silver at 2024 Archery World Cup Final in Mexico
Deepika Kumari Wins Silver at 2024 Archery World Cup Final in Mexico: Deepika Kumari, a four-time Olympian from India, secured the silver medal in the women’s recurve event at the 2024 Archery World Cup Final held on October 20, 2024, in Tlaxcala, Mexico. She faced off against Li Jiaman of China in the final but […]
Israel Joins Asian Development Bank (ADB) as 69th Member Country
Israel Joins Asian Development Bank (ADB) as 69th Member Country: Israel has become the newest non-regional member of the Asian Development Bank (ADB). The Manila-based lender announced the news on Friday, marking a major step for Israel in enhancing its global strategic ties and economic outreach. Israel officially joined the Asian Development Bank (ADB) as […]
Freo Secures IRDAI License to Expand Insurance Offerings
Freo Secures IRDAI License to Expand Insurance Offerings: Freo, the digital finance application, has received a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI), allowing it to offer a range of customized insurance products to its 25 million users. This initiative comes amid India’s low insurance penetration rate of approximately […]
Maldives President Introduces UPI Payment Service to Boost Economy
Maldives President Introduces UPI Payment Service to Boost Economy: Maldives President Mohamed Muizzu has announced the introduction of India’s Unified Payments Interface (UPI) to enhance the country’s economy by improving financial inclusion and transaction efficiency. This initiative is part of a broader strategy to strengthen ties with India following Muizzu’s previous stance against Indian military […]
Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms
Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms: The Reserve Bank of India (RBI) has expanded its ‘Alert List’ of unauthorized forex trading platforms by adding 13 new entities, bringing the total to 88. This list includes names of entities not authorized to deal […]
India’s Economic Growth Projected at 7-7.2% for FY25
India’s Economic Growth Projected at 7-7.2% for FY25: India’s latest Economic Outlook projects that India’s economy will grow between 7.0% and 7.2% in the fiscal year 2024-25, despite a recent slowdown where GDP expanded by only 6.7% year-on-year in Q1 of FY25. This growth is driven by favorable domestic conditions, including strong manufacturing activity, stable […]
