Indian News

Monsoon rains to start withdrawing from Saturday: MET Department

Economy       Sep 24, 2018

  New Delhi: India's June-September monsoon rains are likely to start withdrawing from the northwest from Saturday, the India Meteorological Department (IMD) said on Monday.   The monsoon usually starts withdrawing in the first week of September, but this year it has been delayed by nearly four...

Government mulls ordinance to fast track settlement of commercial disputes

Economy, Risk Management       Sep 23, 2018

  NEW DELHI: Seeking to improve India's ranking on ease of doing business index, the government is mulling an ordinance which provides for time-bound settlement of commercial disputes and make arbitrators accountable, a senior government functionary has said. The government plans to bring the ordinance based...

Govt to start merging regional rural banks, to cut tally to 36

Bancassurance       Sep 23, 2018

  New Delhi: The government has initiated consolidation of regional rural banks along with the public sector lenders and intends to bring down their number to 36 from the existing 56. In this regard, the Centre has begun consultations with states as they are one of...

PM Modi rolls out PMJAY-Ayushman Bharat scheme to 'serve poor'

Health       Sep 23, 2018

  Ranchi: Prime Minister Narendra Modi on Sunday launched the 'Ayushman Bharat -Pradhan Mantri Jan Aarogya Yojana (AB-PMJAY)' in Ranchi.The scheme, touted as the "worlds largest government funded healthcare programme", targets more than 500 million beneficiaries.   The scheme will provide a cover of up to Rs...

World Bank endorses financial support framework for India's transition to high-middle income nation

Economy, Wealth Management       Sep 22, 2018

  New Delhi: The World Bank has endorsed an ambitious five-year framework for India under which it is expected to receive $25-30 billion in financial support for its transition from a low-middle income to a high-middle income country, a senior official from the global lender said.  ...

PM to launch Modicare nationwide from Jharkhand, National Insurance bags state's hybrid account

Health, Non Life-News       Sep 22, 2018

  NEW DELHI: Beneficiaries of the Centre's Ayushman Bharat insurance programme or Pradhan Mantri Jan Arogya Yojana account in Jharkhand,from where Narendra Modi will roll out the flagship scheme on Sunday, have been sent a two-page customised letter from the prime minister outlining the importance and...

Jet Airways customer demands Rs 30 lakh compensation, 100 upgrades

Non Life-News       Sep 21, 2018

  Mumbai: One of the five Jet Airways passengers who were sent to a city hospital for treatment, has demanded Rs 30 lakh in compensation, besides 100 upgrade vouchers, alleging lack of proper care by the airline, sources in the airline have said.   The passenger has...

Compulsory personal accident cover hiked to Rs 15 lakh, premium rises to Rs 750

Non Life-News, Regulation       Sep 21, 2018

  Hyderabad: Acting on the directives of the  Madras High Court, the insurance regulator IRDAI on Thursday has raised the limit of sum assured(SA) of  a Compulsory Personal Accident(CPA) Cover to Rs15 lakhs with immediate effect. Currently, the capital sum insured (CSI) under this section for...

IRDAI extends deadline for filing long term motor TP products to Oct 15

Non Life-News, Regulation       Sep 20, 2018

  Hyderabad: The insurance regulator IRDAI has extended the deadline for the filing of motor long term third party insurance /long term package covers /bundled products under the File and Use Guidelines to Oct 15.   The insurers were required to file all such products/Add-ons under the...

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