Articles

``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...

India should aim from 50% renewable energy by 2030: Piyush Goyal

Risk Management       Feb 02, 2018

New India: Coal Minister Piyush Goyal today said India should strive for 50 per cent of its power generation capacity from renewable sources by 2030 on the back of technological advancements in solar and wind energy.   "With technological advancements in solar power and large turbines...

Devendra Fadnavis,Chief Minister,Maharashtra   

Mumbai getting developed as an IFSC, new Fintech policy on anvil: Maha CM

Economy       Jan 29, 2018

DAVOS: Confident of finishing all transport projects in Mumbai by 2022, Maharashtra Chief Minister Devendra Fadnavis has said the city will see a transformation in terms of mobility with projects ranging from underground metro and sea bridge to coastal roads, elevated suburban trains and new...

Bitcoins and Cash Vaults: Indian HNIs get pitches for new havens

Wealth Management       Jan 28, 2018

DAVOS/ZURICH: As a large number of Indian HNIs and their representatives went around Swiss ski resort town of Davos for attending the annual WEF summit last week, they also got several pitches on the margins for two new 'safe and promising havens' -- cryptocurrencies and...

UIDAI says Aadhaar an identification, not profiling tool

Risk Management       Jan 28, 2018

New Delhi:  The UIDAI today sought to allay fears over data protection and privacy issues around the 12 digit biometric identifier, asserting that Aadhaar is an identification not a profiling tool.It also stressed that Aadhaar data is governed by strong laws.   Fielding questions on Twitter...