Articles

Indian billionaires' wealth equals 15 per cent of GDP, poor becoming poorer: Oxfam

Wealth Management       Feb 22, 2018

  Inequality in India is on the rise for the last three decades, so much so that the total wealth of Indian billionaires is 15 per cent of the GDP, thanks to the "lopsided" policies of successive governments, Oxfam India said in a report today.    It...

Global cybercrime costs $600 bn annually: study

Non Life-News       Feb 21, 2018

The annual cost of cybercrime has hit $600 billion worldwide, fueled by growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, researchers said Wednesday.   A report by the security firm McAfee with the Center for Strategic and International Studies found theft of intellectual...

Savers caught in stampede as equity mutual fund returns turn negative

Wealth Management       Feb 15, 2018

Indian savers stampeded into equity mutual funds (MFs) at a record pace, just in time to see their holdings tumble in a market rout that sent stocks plunging. Domestic investors poured Rs 1.5 trillion ($23 billion) into these funds between April and January -- more...

Policy to scrap 15 yrs old vehicles almost finalised: Gadkari

Non Life-News       Feb 15, 2018

NEW DELHI: India will soon come out with a policy to scrap vehicles that are more than 15 years old, Union Minister Nitin Gadkari said today.   The policy aims at curbing rising vehicular pollution in the country.   "We have almost finalised the scrapping policy for...

``Credit and political risk insurance market capacity up by 30 pc since 2015''

Non Life-News       Feb 15, 2018

London/Paris/New York/Singapore/Hong Kong/Dubai: A new market report from London based specialist credit and political risk insurance (CPRI) broker BPL Global indicates that overall CPRI market capacity has seen a substantial increase across all product lines over the past three years – with the maximum lines...

Finance Ministry proposes to allow premature closure of PPF account

Wealth Management       Feb 14, 2018

New Delhi: The government proposes to allow premature closure of Public Provident Fund (PPF) accounts and permit opening of small savings accounts in the name of minor, the finance ministry said on Tuesday. The legislative changes proposed in the Finance Bill, 2018, are aimed at...

Transfer unclaimed deposits to welfare fund by March 1: Irda to insurers

Regulation       Feb 12, 2018

Mumbai: Insurance regulator Irda has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the welfare fund by March 1.  "All insurers having unclaimed amounts of policyholders for a period of more than 10 years...

Airbus says one third of its Pratt & Whitney-powered A320neo jets have flaw

Risk Management       Feb 12, 2018

Airbus SE said almost a third of its Pratt & Whitney-powered A320neo aircraft are affected by a new engine glitch that has forced the European planemaker to halt some deliveries of the popular narrowbody jet.   Of the 113 Pratt-powered aircraft in operation worldwide, about 30...

Centre to link driving licence with Aadhaar: Supreme Court told

Non Life-News       Feb 08, 2018

NEW DELHI: The Centre is in the process of linking driving licences with Aadhaar number to weed out fake licences and a software for this covering all states on a real time basis is under preparation, the Supreme Court was told today.   A bench comprising...

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