LIC refutes claims of ‘favouritism’ by government

April 5, 2025

LIC has refuted US claims of receiving ‘special treatment’ from the Indian government and regulators, stating it operates in a competitive market with other insurers. The insurer emphasized that it is treated like any other insurance company and the guarantee from 1956 has never given it an undue advantage.

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RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore

The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate

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RBI eases restrictions on cash credit accounts, eases current account norms

The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.

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