by AIP Online Bureau | Dec 6, 2022 | Banking & Bancassurance, Indian News, Policy, Regulation
The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The government and Life Insurance Corporation of India together hold 94.71% in IDBI Bank and are looking to sell 60.72%. New Delhi: The Indian government will allow a...
by AIP Online Bureau | Dec 5, 2022 | Eco/Invest/Demography, International News
The UK and EU will also introduce a ban on maritime services for the transport of Russian oil, including to third countries. The list of banned services includes insurance, brokerage and crucially the EU-based tanker fleet including ships owned in Greece and Cyprus....
by AIP Online Bureau | Dec 5, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security
According to the letter, the central government’s contribution to old-age pensions under the National Old Age Pension Scheme (NOAPS) has stagnated at just Rs 200 per month since 2006. The letter said the central government’s contribution should be...
by AIP Online Bureau | Dec 5, 2022 | Indian News, Life, Non-Life
Deloitte, the process advisor of Reliance Capital Ltd (RCL) Administrator Y Nageshwar Rao, is of the opinion that the value of the bids is almost 70 per cent below the liquidation value of Rs 13,000 crore, sources said. Mumbai: Differences have emerged between lenders...
by AIP Online Bureau | Dec 5, 2022 | Facts, Health
According to estimates, India will record 19 to 20 lakh cancer cases by the end of 2022, although the actual incidence is 1.5 to 3 times higher, a lot of which goes undocumented In India during 2020, the combined age-standardized rate for all cancers, excluding...
