New Delhi, Aug 11 (IANS) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the minimum balance limit for saving accounts will be decided by banks as the decision does not fall under any regulatory jurisdiction, after India’s second largest lender ICICI Bank raised the monthly minimum average balance requirement for all customer segments.Asked on the sidelines of a financial inclusion programme in Gujarat about the RBI’s response to ICICI Bank’s new rules, Malhotra said t…

New Delhi, Aug 11 (IANS) Tata Group-owned Air India on Monday said it is suspending its services between Delhi and Washington, D.C., effective from September 1, 2025, due to a combination of operational factors.The airline, which has been facing a myriad of issues since the fatal Boeing 787 crash in Ahmedabad on June 12, said the move is to “ensure the reliability and integrity of Air India’s overall route network”.In a statement, the airline said the suspension is primarily driven by the plan…

New Delhi, Aug 11 (IANS) The demands placed on modern smartphones are higher than ever before, pushing them far beyond their original role as simple communication tools.Today, users expect their devices to effortlessly handle a wide range of tasks, from managing work and powering through productivity apps to delivering high-quality entertainment, fuelling creativity, and keeping them constantly connected.This all-in-one expectation has transformed the smartphone into a personal command centre, b…

New Delhi, Aug 11 (IANS) Over 30.98 crore unorganised workers have been registered on eShram portal, including over 3.37 lakh workers who have registered themselves as Platform workers (till August 3), the Parliament was informed on Monday. The Ministry of Labour and Employment launched eShram portal on August 26, 2021, for the creation of a comprehensive National Database of Unorganised Workers (NDUW) seeded with Aadhaar.“eShram portal is meant to register and support the unorganised workers …

New Delhi, Aug 11 (IANS) The government gives utmost importance to protecting and promoting the welfare of farmers, entrepreneurs, exporters and MSMEs, and will take all necessary steps to secure national interest, the Parliament was informed on Monday.It is estimated that around 55 per cent of the total value of India’s merchandise exports to the US will be subject to this reciprocal tariff, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha.Re…

New Delhi, Aug 11 (IANS) Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda, in the Lok Sabha amid Opposition uproar. Tabling the bill in Lok Sabha, FM Sitharaman said that suggestions have been received which are required to be incorporated to convey the correct legislative meaning.”There are corrections in the natu…

New Delhi, Aug 11 (IANS) The life insurance industry reported “satisfactory” business growth with 10 per cent retail annual premium equivalent (APE) growth in July 2025, a report said on Monday.The private life insurance companies grew 14 per cent and LIC’s retail APE grew at a flat 0.4 per cent, according to a report from Emkay Global Financial Services Ltd.The annual premium equivalent is the total value of regular or recurring premiums plus 10 per cent of new single premiums written in th…

New Delhi, Aug 11 (IANS) Elon Musk-run Tesla on Monday inaugurated its first showroom in the National Capital Region (NCR) at the Worldmark 3 complex in Aerocity, marking the electric carmaker’s second retail location in India within a month of entering the country.Situated in one of Delhi’s busiest business districts, close to Indira Gandhi International Airport, the Aerocity outlet serves as an experience centre where guests can examine the Model Y electric SUV, understand the purchasing pro…

New Delhi, Aug 11 (IANS) Direct Spectrum allocation to enterprises is not tenable in India because of various reasons pertaining to India’s telecom ecosystem, the national revenue, as well as security architecture, according to a statement on Monday. “While some industry bodies have, in their interests, drawn parallels with countries such as the US, Finland, Germany, UK, etc. where private networks have been deployed, this comparison ignores a crucial contextual difference of such industries b…

Seoul, Aug 11 (IANS) South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday.The countries’ industry ministries signed a memorandum of understanding (MOU) to develop joint projects in the renewable energy sector, such as solar power, wind power and energy storage systems, according to Seoul’s Ministry of Trade, …