Indian News

India, 6th largest economy, has long way to go as per capita income still low: Rajiv Kumar

Economy       Jul 12, 2018

  New Delhi: Emergence of India as the sixth largest economy was very much expected but still there is a long way to go as the per capita income of the country is still low, Niti Aayog vice chairman Rajiv Kumar said today.    The country, Kumar...

Mutual fund inflow rises 43% to Rs 1.4 lakh cr in Q1: Amfi

Wealth Management       Jul 12, 2018

  Mumbai: Investors have pumped Rs 1.4 lakh crore into mutual fund (MF) schemes in April-June quarter this fiscal, a surge of 43 per cent from the year-ago period, driven by strong participation from retail investors.   According to Association of Mutual Funds of India (Amfi) data,...

Private sector general insurers'market share at 55 %, needs Rs 12 -30 billion of capital to maintain growth:ICRA

Non Life-News       Jul 13, 2018

Mumbai: The Indian general insurance sector in the country grew at a slower rate of 17  per cent in FY2018 after a robust growth of 32 per cent in FY2017.  As per ICRA research, the private sector growth continued at a faster pace (22 per...

Rate war hots up for NHPS accounts, Apollo Munich Health Insurance bids Nagaland at Rs 444 per family

Health       Jul 12, 2018

  Mumbai: A rate war has erupted among the general insurers including the stand alone health insurers to bag the accounts of the different states for implementing the centre’s National Health Insurance Protection Scheme(NHPS) that promises to provide Rs 5 lak cover to 50 crore people...

V. Manickam Secretary-General Life Insurance Council,

Indian life insurance industry’s total assets hit Rs 34 lakh cr, AUM touches Rs 32 lakh cr in 2017-18, says Manickam

Life-News       Jul 11, 2018

  Mumbai The total assets of the Indian life insurance industry have hit Rs 34 lakh crore while the asset under management (AUM) has touched around Rs 32 lakh crore in 2017-18.   In an exclusive interview with the Asia Insurance Post, V. Manickam, Secretary-General Life Insurance...

India Heading Towards Comprehensive Healthcare Crisis, Says Amartya Sen

Health       Jul 10, 2018

NEW DELHI: India spends just a little over one per cent of its GDP on healthcare and this is leading the country into "a comprehensive healthcare crisis", according to Nobel laureate and noted economist Amartya Sen, who has called for greater allocation on healthcare in...

HDFC Ergo launches ‘Title Insurance Policy’

Non Life-News       Jul 10, 2018

Mumbai: HDFC ERGO General Insurance today announced the launch of ‘Title Insurance Policy’, a first of its kind product in the private insurance segment in India.  This new Title insurance policy will prove beneficial to real estate developers, property investors and housing finance companies. The...

Equity Mutual Fund inflows rise 15% in Q1 to Rs 33000 crore

Wealth Management       Jul 09, 2018

  Mumbai: Equity mutual funds saw inflow of nearly Rs 33,000 crore in the first quarter of the current fiscal, a surge of 15 percent year-on-year, underpinned by strong participation from retail investors, especially in small towns.   In comparison, equity funds, which also include equity-linked saving...

Odisha, Tata Trust plan Rs 1,000 crore cancer care facilities

Health       Jul 09, 2018

  Bhubaneswar: Odisha government and Tata Trust will jointly spend Rs 1,000 crore for development of cancer care facilities in the state in next five years, a senior official said on Monday. The decision in this regard was taken at a meeting chaired by chief secretary...