Japanese Prime Minister Fumio Kishida is scheduled to visit India on March 19, 2022, to participate in a physical summit with Prime Minister Narendra Modi.
The Union Cabinet has approved an amendment to the FDI Policy to allow FDI up to 20 percent under the "automatic route" in LIC. This comes ahead of IPO of LIC. It must be noted that the FDI limit in the insurance sector is 74 percent. Last year it was raised from 49% to 74%.
The State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana which will be operational in six to nine months of on-boarding a consultant.
Indian Railways tested 'Kavach', an automatic train collision protection system by making two trains hurtle towards each other at full speed today, one with the Railways Minister Ashwini Vaishnaw and another with Railway Board chairman on board.
Life Insurance Corp. of India has decided to appoint Sunil Agrawal as a chief financial officer (CFO) of the Life Insurance Corporation (LIC), his appointment is on a contractual basis.
EXAMIANS