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Debasish Panda to be IRDAI Chairman
Debasish Panda to be IRDAI Chairman

Chennai, More than 11 months after the post fell vacant, the Central government on Friday decided to appoint Debasish Panda, former Secretary, Department of Financial Services, as the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).

The Appointments Committee of the Cabinet has

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Stakeholders urge Centre to announce tourism sector as 'national priority'
Stakeholders urge Centre to announce tourism sector as 'national priority'

New Delhi,  The Federation of Associations in Indian Tourism and Hospitality, the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India, has recommended to the Centre to announce the tourism industry as a 'national priority' sector.

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FAITH Associations compliment and contribute to the draft National Tourism Policy
FAITH Associations compliment and contribute to the draft National Tourism Policy

New Delhi,  FAITH, national associations ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI & TAFI, in a detailed multi- stakeholder discussion with the leadership of Ministry of Tourism (MOT), complimented the efforts of the ministry on the drafting of the NTP which has attempted to incorporate FAITH associati

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Airline summer schedule 2022 up 3.7% from pre-pandemic levels
Airline summer schedule 2022 up 3.7% from pre-pandemic levels

New Delhi,  The Centre on Friday approved the airline's domestic summer schedule 2022, with 3.7 per cent more flights than the pre-pandemic level.

This year's summer schedule will also have 10.1 per cent more flights than the corresponding period of last year - when capacity restrictions were imp

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Lighthouse invests Rs 200 crore in Ferns N Petals
Lighthouse invests Rs 200 crore in Ferns N Petals

New Delhi,   Lighthouse India Fund III, Limited on Saturday announced to invest Rs 200 crore ($27 million) in online gifting platform Ferns N Petals (FnP).

Lighthouse is a leading mid-market private equity firm focused on growth investments in the country.

Its investments in India inc

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India, Canada to re-launch CEPA negotiations
India, Canada to re-launch CEPA negotiations

New Delhi, India and Canada have agreed to formally re-launch the negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

Both the countries might also consider entering into an 'Early Progress Trade Agreement'.

The development comes after India and Canada held the fifth Mini

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Disallowing Kerala to bid for HLL is against cooperative federalism: Pinarayi Vijayan
Disallowing Kerala to bid for HLL is against cooperative federalism: Pinarayi Vijayan

Thiruvananthapuram,  Chief Minister Pinarayi Vijayan has, in a letter to Prime Minister Narendra Modi, said that preventing Kerala from participating in the disinvestment process of HLL will be against the principles of cooperative federalism.

The Central government had given its "in-principle"

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Auto ancillary's FY23 revenue expected to grow at 10-15% YoY
Auto ancillary's FY23 revenue expected to grow at 10-15% YoY

New Delhi, Domestic auto ancillary sector's revenue is expected to grow at 10-15 per cent year-on-year (YoY) in FY23.

Accordingly, the trend is supported by moderate growth of 5-9 per cent YoY in original equipment manufacturers' volumes and continued healthy exports.

However, the FY23

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PSBs well-capitalised; Not to require major infusion in FY23
PSBs well-capitalised; Not to require major infusion in FY23

New Delhi,  India's public sector banks (PSB) are expected to achieve credit growth as well as adhere to the minimum capital requirements without any fresh capital infusion from the Centre.

According to Brickwork Ratings, in FY23, banks will be able to achieve credit growth of 8-9 per cent.

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Green Hydrogen policy to support Renewable Energy capacity addition
Green Hydrogen policy to support Renewable Energy capacity addition

New Delhi, 'Green Hydrogen' policy is expected to support the Renewable Energy (RE) capacity addition targets of the country.

At present, 'Green Hydrogen' is produced through electrolysis of water using renewable energy.

On the other hand, 'Gray Hydrogen' which is the most co

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