Economy National

IRDAI Chief Advocates GST Removal on Insurance Premiums

By BPN News Desk November 19, 2024

IRDAI Chairman Debasish Panda has suggested the removal of Goods and Services Tax (GST) on health and life insurance premiums, highlighting the need for input tax credit mechanisms to ensure that policyholders benefit. Speaking at the Global Insurance Summit in Mumbai, Panda emphasized that the removal of GST should align with input tax credits to […]

Science Space & Astronomy

SpaceX Successfully Launches ISRO’s GSAT-N2 Communication Satellite

By BPN News Desk November 19, 2024

Elon Musk’s SpaceX successfully launched the Indian Space Research Organisation’s (ISRO) GSAT-N2 communication satellite into orbit from the Canaveral Space Force Station in Florida on Tuesday. This marks the beginning of a significant commercial partnership between ISRO and SpaceX. The GSAT-N2 was launched aboard SpaceX’s Falcon 9 rocket, known for its efficiency in

International

Israel to Continue Operations Against Hezbollah Despite Lebanon Truce

By BPN News Desk November 19, 2024

Israeli Prime Minister Benjamin Netanyahu has stated that Israel will maintain its operations against Hezbollah, even after the recently negotiated truce deal in Lebanon. Speaking during a security briefing, Netanyahu emphasized that Israel’s commitment to ensuring national security would not waver in the face of ongoing regional threats. Lebanon Truce Not a Deterrent

International

PM Modi Highlights Global South’s Struggles at G20 Summit

By BPN News Desk November 19, 2024

Prime Minister Narendra Modi, speaking at the G20 Summit in Rio de Janeiro, spotlighted the severe challenges faced by the Global South amid ongoing global conflicts. He emphasized how crises in food, fuel, and fertilizers are disproportionately affecting developing nations, further straining their economic and social systems. Call for Collective Global Action “Developing

Defence National

DRDO’s Hypersonic Missile Hits Mach 6 in Successful Test

By BPN News Desk November 19, 2024

India’s Defence Research and Development Organisation (DRDO) has successfully tested its long-range hypersonic missile, achieving an impressive speed of Mach 6. This groundbreaking trial marks a significant milestone in India’s defense capabilities and technological advancements in missile systems. The test was conducted at a classified location, where the missile

Business

India’s Petroleum Imports Surge by 7.7% in FY25

By BPN News Desk November 18, 2024

India’s petroleum imports climbed 7.7% year-on-year in the first seven months of FY25, reaching 147.24 million tonnes, according to recent government data. The increase comes as the country grapples with a decline in domestic crude oil production, which has dropped by 0.9% compared to the previous year. Rising Energy Demands and Declining Output From April […]

East India State News

Amit Shah Directs Reinforcement of Security Forces in Manipur

By BPN News Desk November 18, 2024

Union Home Minister Amit Shah has ordered the deployment of additional Central Armed Police Force (CAPF) companies in Manipur as violence continues to escalate in the region. The directive comes amid renewed tensions and incidents of arson, underscoring the government’s priority to restore law and order. Heightened Security Measures The Home Ministry’s decision follows

Business Finance

SBI to Add 500 New Branches, Network to Hit 23,000 by FY25

By BPN News Desk November 18, 2024

State Bank of India (SBI), the country’s largest public sector lender, is set to open 500 new branches by the end of the financial year 2025, Finance Minister Nirmala Sitharaman announced during a recent address. The expansion will bolster SBI’s already extensive network, which currently stands at approximately 22,500 branches across India. Strengthening Financial

National

Indian Coast Guard Rescues Fishermen After Chasing Pakistani Ship

By BPN News Desk November 18, 2024

In a dramatic operation in the Arabian Sea, the Indian Coast Guard (ICG) successfully forced a Pakistani ship to release Indian fishermen it had captured. The incident, which unfolded over two hours, highlights the ICG’s commitment to safeguarding Indian maritime interests and ensuring the safety of its citizens. High-Stakes Operation The incident began when a […]

Defence National

Parliamentary Committee Reviews Indian Coast Guard’s Security Role

By BPN News Desk November 18, 2024

The Parliamentary Standing Committee on Defence convened in Chennai on Saturday to assess the Indian Coast Guard’s (ICG) performance in safeguarding India’s extensive maritime boundaries. Chaired by MP Radha Mohan Singh, the meeting included participation from senior officials of the Ministry of Defence (MoD) and ICG. Focus on Maritime Security The review