The draft bill allows insurance companies the freedom to sell different financial products Mint The government is likely to introduce the Insurance Laws (Amendment) Bill 2022 in the monsoon session of Parliament to bring deep reforms in the insurance sector, including a provision for composite insurance licence and flexibility in entry barriers, two people aware of the development said. According to them, stakeholder consultation on the draft bill is expected to be...

Economic Times A Parliamentary panel has asked the government to increase financial assistance provided under Pradhan Mantri Awas Yojana (Gramin) to help beneficiaries in completion of houses and improve monitoring of houses being constructed under the flagship scheme. The 30-member committee on estimates, headed by BJP MP Girish Bhalchandra Bapat, asked the ministry of rural development to revise the financial assistance provided to help beneficiaries in timely completion of houses sanctioned. The...

Rajya Sabha 10,655 micro, small and medium enterprises (MSMEs) closed in 2022-23. That is a 6,088% increase over the number in 2021-22, with 175 closures. The data was revealed by the Ministry of Micro, Small and Medium Enterprises, Government of India as part of the response to a Parliamentary Question asked in the Rajya Sabha. The data was compiled from the Udyam registration portal, the Ministry's online portal for registrations and...

-The Hindu The Housing Ministry had informed Parliament that 66 proposals had been received A Parliamentary panel has asked the government to clarify how many of the 66 proposals received under the Affordable Rental Housing Scheme launched for the urban poor, especially migrant workers, during the COVID-19 pandemic have been approved by their respective local urban bodies. The Ministry of Housing and Urban Poverty Alleviation had informed Parliament that 66 proposals have been...

-Factchecker.in/ Scroll.in Minister of New and Renewable Energy RK Singh has informed Parliament that 95% of India’s clean energy target set in 2015 has been achieved. India is short of its installed renewable energy target for 2022 by 32%, as per latest data from the Central Electricity Authority. India’s renewable energy capacity (excluding large hydro power) has increased by about 66% since 2018. In fact, its non-fossil fuels’ installed capacity has been growing...