Indian News

Karnataka HC strikes down 85% pictorial warning rule for tobacco products

Health       Dec 15, 2017

BENGALURU: The Karnataka High Court today struck down the 2014 amendment rules that mandated pictorial health warnings to cover 85 per cent of tobacco product packaging space, holding that they violated Constitutional norms.   However, the court made it clear that the 40 per cent pictorial...

Government to bear MDR charges on digital transactions up to Rs 2,000

Economy       Dec 15, 2017

New Delhi: Government to bear MDR charges on digital transactions up to Rs 2,000   The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions, IT Minister Ravi Shankar...

FRDI contemplating increase in deposit insurance cover: SBI Report

Wealth Management       Dec 14, 2017

Mumbai: Amid concerns being raised on bank deposits under the draft FRDI Bill, an SBI research report today said the proposed law is contemplating an increase in deposit insurance coverage from the current Rs 1 lakh.   The proposed 'bail-in' clause in the draft Financial Resolution...

IRDA extends time limit for reviewing  IFRS 17 till 30th June, 2018

Regulation       Dec 13, 2017

Hyderabad: The insurance regulator IRDAI has said it has granted extension of the time limit for the industry for reviewing  the new standard (IFRS 17) up to 30thJune, 2018.   The Authority had constituted a Working Group on new standard equivalent to IFRS 17- Insurance Contracts...

Govt Extends Deadline for Linking Aadhaar, PAN With Financial Services to March 31

Economy       Dec 13, 2017

New Delhi: The central government has extended the December 31 deadline for mandatory quoting of Aadhaar and PAN numbers for certain financial transactions like opening of a bank account till March 31, 2018.   The new rule notified in the gazette modifies the Prevention of Money...

Vodafone and Aviva Life unveil mobility plan with life insurance

Life-News       Dec 13, 2017

New Delhi: In a first ever partnership in enterprise mobility, Vodafone and  Aviva Life Insurance have announced, RED Protect, a mobility plan integrated with life insurance with sum assured worth up to 20 years of the monthly rental.   Vodafone’s Enterprise Postpaid Customers can now ensure...

Government sets up NIC-CERT centre to detect, prevent cyber attacks

Risk Management       Dec 11, 2017

New Delhi: The government has set up NIC- CERT centre that will monitor, detect and prevent cyber attacks on government networks, IT Minister Ravi Shankar Prasad today said.  Besides, the government has called a meeting of state IT ministers which will also include discussions on...

Increase social security pension in Budget 2018: Economists to Jaitley

Pension       Dec 11, 2017

New Delhi:  Economists today suggested a range of measures, including increasing social security pension, to Finance Minister Arun Jaitley as part of pre- budget consultations.   "The amount (for social security pension) has been Rs 200 per month. This is totally unacceptable. There is no reason...

G Srinivasan, CMD, New India Assurance

New India bags Rajasthan’s Rs 1200 cr Health Insurance Project

Health       Dec 11, 2017

Mumbai: New India Assurance, the largest general insurer in the county, has bagged Rajasthan’s Health Insurance Project.  The total insurance premium involved in the health insurance project is more than Rs.1200 crores per annum with the State bearing Rs 1,261 per family. Under the project...

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