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Sitharaman launches campaign to return ₹1.84 trillion of unclaimed financial assets

Most of the locked-up funds are in the form of deposits, insurance, provident fund, and shares, Finance Minister Nirmala Sitharaman said, calling on officials to ensure they reach their rightful owners. Union Finance Minister Nirmala Sitharaman on Saturday said that financial assets worth ₹1.84 trillion are lying unclaimed with banks and regulators, and called on … Read more

Andhra CM Naidu launches ₹15,000 aid scheme for auto rickshaw, cab drivers

Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday launched the ‘Auto Driverla Sevalo’ scheme, under which over 290,000 auto rickshaw, cab and maxi cab drivers will receive an annual financial assistance of ₹15,000.  The scheme aims to support drivers whose earnings have been affected by the state’s ‘Stree Shakti’ initiative, which provides free bus … Read more