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India now has over 300 Family Offices from 45 in 2018 with smaller cities in focus: Report
Family Offices have also evolved into holistic service providers,...
Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper
According to the paper, during an era of economic growth, when...
SJM and Employees’ unions oppose govt’s move to privatise a PSU general insurer
SJM National Co-Convenor Ashwani Mahajan stated that the announcement of privatisation of public sector banks and an insurance company is worrying.After 2018, that had announced the merger of three PSU general insurers, National Insurance Company, Oriental Insurance Company and United India Insurance Company, which was called off in 2020, the announcement in Budget-2021-22 to privatise one of the PSU general insurers, has again given rise to conjecture and confusion, said a statement by officials of different uinons, which had supported the mergers of three companies. .
LIC’s prm income from P&G schemes crosses Rs 1 trillion in 10 months
This is first time ever any single vertical of the life insurance behemoth has crossed such a gigantic premium income figure successively for two years.
Pension and Group Schemes Vertical of LIC provides employees retiral funds’ management solution to the who’s who of India Inc and has been steadily holding around 80 per cent market share in new business premium post opening of the life insurance industry.
Majority of companies expect COVID-19 to continue impacting their business next year:Aon Survey
Rory Moloney, Chief Executive Officer, Global Risk Consulting, Aon, said: “There is no question that the COVID-19 pandemic will permanently change the way companies operate. There is a long way to go before we are in the ‘post-COVID era’, but as we move towards a recovery phase, companies must now ask what risk management and resilience should look like going forward. Among the top priorities for companies seeking to reshape their business are the new and accelerated use of technology, redeploying resources, workforce planning and rethinking the future of work—this is only the beginning of a much more long-term evolution in risk management.”
39 pc people in HP suffer from obesity, 11.5 pc diabetic: Study
”Himachal Pradesh ranks seventh in the country in terms of prevalence of type-two diabetes, and has a higher prevalence than the national average as well as its neighbouring states of Punjab, Haryana and Uttarakhand,” he said
The prevalence is same among males and females, but is higher in urban areas as compared to rural areas, Mokta added.
He said that according to the study, around half of those suffering from diabetes have not been diagnosed with the disease and are unaware about the problem.
LIC IPO post Oct;BPCL, Air India stake sale by SeptDIPAM Secy
“LIC Amendment Act and Amendment to IDBI Bank (Transfer of Undertaking and Repeal) Act has been made part of the Finance Bill. There will be no separate bill. LIC IPO would come post-October,” Pandey said.
India tells Sri Lanka to honour pact after Colombo takes back port contract
Sri Lanka had previously said the port would be 49% operated by India and Japan, with SLPA retaining the majority stake.The decision comes less than a month after a visit by Indian Foreign Minister S. Jaishankar to Colombo to shore up support for the 2019 deal, that also involved Japan and India’s Adani Group.
Sensex, Nifty close at record highs on gains in financial, infrastructure stocks
The benchmark index breached the 50,000-mark earlier in the session, surging as much as 3.2% to 50,154.48.
In its budget on Monday, India boosted healthcare spending by 135%, lifted caps on foreign investment in its vast insurance market, and increased capital expenditure for 2021/2022 by 35%.
Over half in New Delhi may have had COVID, government survey suggests
“In the fifth sero survey done in the national capital of Delhi, (coronavirus) antibodies have been detected in 56.13% of the city’s population,” Delhi Health Minister Satyendar Jain said on Twitter after the report was published.
No data generated with Covishield, Covaxin on ”European” strain of coronavirus, Rajya Sabha told
To a question on whether the Covishield and Covaxin are able to provide protection from the new coronavirus variant that was traced in the UK, Union Minister Ashwini Choubey told Rajya Sabha, “At present, there is no data generated with the above vaccines specifically on new European COVID-19 virus strain.”
As many as 32 States/UTs implementing ”One Nation One Ration Card”
On Monday, Finance Minister Nirmala Sitharaman said: “I am happy to inform you that One Nation One Ration Card plan is under implementation by 32 states and UTs, reaching about 69 crores beneficiaries – that’s a total of 86% beneficiaries covered. The remaining 4 states and UTs will be integrated in the next few months.”