New Delhi, April 15 (IANS) The Finance Ministry’s Department of Financial Services Secretary, M. Nagaraju, on Wednesday launched two next-generation mobile applications of Life Insurance Corporation of India — ‘MyLIC’ for policyholders and ‘Super Sales Saathi’ for sales intermediaries — as part of efforts to accelerate the insurer’s digital transformation.In his remarks on the occasion, Nagaraju described the development as a strategic inflection point in LIC’s digital journey.”LIC…
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New Delhi, April 7 (IANS) Bank of Baroda on Tuesday rolled out ‘bob SAMVAD’ — an AI-powered multilingual conversational platform developed by the bank to enhance in-branch customer interactions.The AI platform was formally launched by Department of Financial Services Secretary M. Nagaraju in Mumbai on March 28. Terming it a step towards inclusive banking, Nagaraju said the initiative will strengthen customer service delivery and set a new benchmark in the sector through the use of technolog…
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
New Delhi, March 31 (IANS) In a major bureaucratic reshuffle, the government has appointed Vir Vikram Yadav as the new Director General of the Directorate General of Civil Aviation (DGCA), replacing Faiz Ahmed Kidwai.Yadav, who is currently serving as Additional Secretary in the Ministry of Environment, Forest and Climate Change, will now head India’s aviation regulator at a time when the sector is expanding rapidly.With rising air traffic, growing airline fleets and increased focus on safety,…
New Delhi, Feb 17 (IANS) Indian exporters can look forward to better days ahead as trade conditions improve, Department of Financial Services (DFS) Secretary M. Nagaraju said on Tuesday. Speaking on the sidelines of the 10th edition of ‘Exim Bazar’ organised by Export-Import Bank of India here, he said that with the US tariffs reduced from 50 per cent to 18 per cent, and key trade agreements with the United States and the European Union nearing completion, the future of Indian exports, espec…
New Delhi, Feb 15 (IANS) M Nagaraju, Secretary, Department of Financial Services (DFS), has stressed upon the need to enhance the Credit-GDP ratio — making our financial institutions more agile and exploring new ways of financing at a larger scale in line with the goals of Viksit Bharat.Speaking at a ‘Chintan Shivir’ of the DFS in Coorg, Karnataka, he stated that the ideas generated during the session will pave the way for a shared vision and plan of action for the Department and its finan…
Bengaluru, Feb 14 (IANS) A two-day Chintan Shivir of the Department of Financial Services (DFS), Ministry of Finance, was held in Coorg, Karnataka, on February 13 and 14, 2026.The primary objective of the Chintan Shivir was to encourage fresh perspectives and generate creative ideas towards achieving the goal of Viksit Bharat by 2047, and to define the role of financial institutions in supporting this vision.Experts from public policy and practitioners from various fields of finance presented th…
New Delhi, Feb 9 (IANS) Union Home Minister Amit Shah will deliver the keynote address at the National Conference on Tackling Cyber-Enabled Frauds and Dismantling the Ecosystem in New Delhi on February 10. The two-day event organised by the Central Bureau of Investigation in partnership with the Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs will take place at Bharat Mandapam from February 10 to 11. During the inaugural session, Home Minister Amit Shah will c…
New Delhi, Feb 3 (IANS) Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.Speaking at FICCI’s conference on Union Budget 2026–27, Secretary of the Department of Economic Affairs Anuradha Thakur said a ‘great deal of uncertainty’ was removed after the trade agreement was announced between India and the United States.“Despite growing geopolitical challenges ac…
Mumbai, Jan 31 (IANS) India’s largest state-owned lender, State Bank of India, on Saturday announced the launch of CHAKRA — a Centre of Excellence for financing sunrise sectors critical to India’s economic transformation.It will serve as a knowledge‑led platform to enable financing for next‑generation, technology‑driven and sustainability‑focused sectors.The centre will focus on eight sunrise sectors including renewable energy, advanced cell chemistry and battery storage, electric mob…