Indian News

Congress president Rahul Gandhi

Rahul Gandhi promises big-bang minimum income scheme; 20 % families to get Rs 72K annually

Eco/Invest/Demography       Mar 25, 2019

  New Delhi: In a big bang election promise, Congress president Rahul Gandhi on Monday announced that 20 per cent families belonging to the poorest category will be given Rs 72,000 each annually as minimum income if his party comes to power.   The money will be...

PMSYM scheme: Government eyes over 1 crore enrolments by April-end

Eco/Invest/Demography, Pension       Mar 24, 2019

  New Delhi: The government is expecting to cross 1 crore enrolments by April-end under the Pradhan Mantri Shram-Yogi Maandhan (PMSYM) Yojna -- a pension scheme for unorganised sector workers, a senior official has said.   The PMSYM scheme provides for a minimum monthly assured pension of...

Air India's renewal prm doubles, pays $ 28 mn to cover its 180 aircraft in 2018-19

Non-Life, Reinsurance       Mar 22, 2019

  MUMBAI: A host of adverse factors including the recent crash of one of the Ethiopean Airlines aircraft, have put an end to the days of  discounts for the national carrier Air India(AI), whose insurance renewal cost, at around $28 million, has doubled in 2018-19.   The...

India could boycott China's Belt and Road Forum for the second time

Eco/Invest/Demography       Mar 20, 2019

  Beijing: India on Wednesday signalled that it will boycott China's second Belt and Road Forum for a second time, saying no country can participate in an initiative that ignores its core concerns on sovereignty and territorial integrity.   India boycotted the first Belt and Road Forum...

Sale deal in final stage of completion: Star Health

Health       Mar 19, 2019

  Chennai: Private sector insurer Star Health and Allied Insurance Company Ltd was in the final stage of completion of sale process and the transition was likely to happen in first quarter of the next financial year, a top official said. "A consortium has won the...

Higher Incidences of renal disorders among  Millennials: SBI Gen Study

Eco/Invest/Demography, Health       Mar 19, 2019

  Mumbai: While heart attacks and neurological disorders continue to be the top life-threatening ailments across the country, kidney related disorders are on the prowl and on a steady rise, particularly amongst the millennials, reveals a study conducted by SBI General Insurance. The study comes out...

General Insurance industry may close FY 2018-19 with a premium of Rs 1. 7 trillion

Non-Life       Mar 18, 2019

  Mumbai: Despite over all deceleration in the Indian economy including a visible drop in the auto sales, the domestic general insurance industry with 34 players may end the current fiscal year 2018-19  with a higher premium. .   The industry had logged a gross premium of...

S C Khuntia, chairman, IRDAI

Govt sets up a high level panel under IRDAI chairman to overhaul Indian insurance sector

Policy, Regulation       Mar 17, 2019

  New Delhi:  In a bid to overhaul the Indian insurance sector, almost after 20 years of liberalisation of the industry,  the centre has appointed a high level panel under the chairmanship of S C Khuntia, chairman,IRDAI, just before the Modi government is ending its five-year ...

In India, most complaints by flyers are about harassment by airline staff

Eco/Invest/Demography, Risk Management       Mar 17, 2019

  New Delhi: Most complaints filed by air passengers in the Civil Aviation Ministry's grievance redressal system relates to behaviour of airline staff and harassment of flyers, according to an official document. .  'Loss of baggage' category in Centralized Public Grievance Redress and Monitoring system (CPGRAM)...