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Cabinet Clears 100 percent FDI in Insurance Sector, Bill to Be Tabled

Union Cabinet Approves 100% FDI in Insurance Sector

The Union Cabinet has approved a landmark reform to allow 100 per cent foreign direct investment (FDI) in India’s insurance sector, replacing the existing cap of 74 per cent. The decision follows the announcement made in the Union Budget and signals a decisive push to attract global capital, enhance insurance penetration and modernise the regulatory ecosystem.

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India’s Forex Reserves Rise to $687 Billion on Gold Strength

India’s Foreign Exchange Reserves Edge Higher Amid Gold Gains

India’s foreign exchange reserves posted a modest increase of $1.03 billion, reaching $687.26 billion in the week ended December 5, as per the Reserve Bank of India’s Weekly Statistical Supplement. The uptick was largely driven by a rise in gold reserves, even though foreign currency assets recorded a small decline. Overall reserves remain close to the historic peak of $704.89 billion achieved in September 2024, underlining the country’s strong external buffer.

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Siliserh Lake Joins Ramsar List as India’s 96th Wetland

Siliserh Lake Declared Ramsar Site, Boosting India’s Wetland Conservation Efforts

Siliserh Lake in Rajasthan’s Alwar district has earned international recognition after being designated a Ramsar site, becoming India’s 96th wetland of international importance. The announcement by the Convention on Wetlands highlights India’s continued focus on protecting ecologically valuable water bodies. Alongside Siliserh, the Kopra Reservoir in Chhattisgarh has also been included in the global Ramsar list, further strengthening the country’s conservation footprint.

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Union Cabinet Clears SHANTI Bill to Open Nuclear Power Sector

Cabinet Approves SHANTI Bill to Reform India’s Nuclear Power Sector

The Union Cabinet has approved the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, signalling a major shift in India’s civil nuclear policy. The proposed legislation seeks to open the nuclear power sector to private participation, a move seen as essential for meeting India’s ambitious target of 100 gigawatt nuclear capacity by 2047 and strengthening long-term energy security.

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Meghalaya Inaugurates Soil Lake to Boost Water Conservation and Eco-Tourism

Meghalaya Strengthens Climate Resilience With Inauguration of Soil Lake

Meghalaya has taken an important step towards environmental conservation and sustainable development with the inauguration of Soil Lake at Williamnagar in the East Garo Hills district. Developed under the Nengsang River Valley Project, the initiative aims to rejuvenate a vital waterbody while promoting eco-tourism and strengthening the region’s resilience to climate change.

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