(L to R)- Rama Mohan Rao Amara, MD of State Bank of India; Deepak...
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GST Council exempts tax on insurers’ contributions to Motor Vehicle Accident Fund, defers any decisions on life and health covers
No decision was taken with regard to reduction in GST on insurance...
Net inflows in SIPs up 233 pc in India this year, MF industry sees 135 pc growth
Interestingly, the net AUM which was at Rs 49.05 lakh crore in...
Surety Bond: To Be On a Sure Footing
Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...
Hospitals begin to limp out of the latest COVID-19 surge
"What we want to see is that the omicron surge continues to decrease, that we don't see another variant of concern emerge, that we start to come out of the other side of this," said Dr. Chris Beyrer, an epidemiologist at the Johns Hopkins Bloomberg School of Public...
First nasal spray for treating adult COVID-19 patients launched in India
Terming the spray an effective and safe antiviral treatment for COVID-19, Glenmark Pharmaceuticals Ltd's Chief Commercial Officer Robert Crockart said "we are confident it will offer patients a much needed and timely therapy option." Mumbai: Mumbai based...
Four in every 10 euros of European fund assets now sold as ‘sustainable’ -Morningstar
Investment funds marketed as sustainable under the EU's Sustainable Finance Disclosure Regulation managed 4.05 trillion euros in assets ($4.63 trillion) at end-2021, Morningstar said in a new report. That is up from about 2 trillion euros in April last year shortly...
Hospitals beds need to grow by at least 30% to provide equitable healthcare facilities for citizens
It added that the other 50 per cent of the country's population living in the remaining 21 states and 8 Union Territories (UTs) has access to only 35 per cent of hospital beds New Delhi:A Niti Aayog report has said that about 65 per cent of hospital beds in the...
Australia finalises $10 billion cyclone Reinsurance Pool
The pool is expected to reduce insurance premiums by up to $2.9 billion for eligible household, strata and small business insurance policies over 10 years Homeowners in northern Australia with the most acute cost pressures are expected to benefit from up to 46 per...
India tops global insurance IPO chart in Q4 2021:S&P
Global insurance and insurtech companies raised about $6.64 billion from IPOs in 2021, the largest amount in at least five years India's PB Fintech's $579.2 million IPO, topped the list globally.. Star Health and Allied Insurance Co. Ltd. had the second-largest...
Indian billionaire Gautam Adani surpasses Mukesh Ambani as Asia’s richest person
Gautam Adani Adani’s sustainability claims and green ambitions are criticized by climate campaigners who point to the group’s Carmichael coal mining project in Australia, which will expand supplies of the highly-polluting fossil fuel. The Adani Group opted to use its...
Covid 19 Pandemic: Global social protection spending at $2.9 trillion, rises nearly 270%
According to the latest UN data, the world is not on course to meet the fundamental Sustainable Development Goal (SDG), of eradicating extreme poverty Without decisive action, the number of people living in extreme poverty is expected to reach 600 million, or 7 per...
PM CARES Fund corpus triples to Rs 10,990 cr in FY 2020-21; disbursal rises to 3,976 cr
According to the latest audited statement, it disbursed Rs 1,311 crore for 50,000 made-in-India ventilators to government hospitals, Rs 50 crore for the establishment of two 500-beds Covid hospitals in Muzaffarpur and Patna, and 16 RT-PCR testing labs in nine states...