The panel said that destruction of public property has continued...
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IRDAI asks insurers to put in place Climate Risk Management framework by Apr 1
As part of the Board’s internal governance practices, the Board has...
Insurers need not seek its prior-approval for going public: IRDAI
The IRDAI will soon provide more clarity on capital structure of...
SEBI constitutes municipal bonds development committee
Panel would recommend on matters relating to regulation of intermediaries for ensuring investor protection in the primary and secondary market as well as on measures to facilitate issuers, municipalities, for issuance of municipal debt securities.
Debasish Panda appointed financial services secretary
The Appointments Committee of the Cabinet (ACC) has approved his appointment as secretary, department of financial services, in place of Rajiv Kumar, who superannuates this month-end, a personnel ministry order said.
Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services.
S&P retains India’s rating at ‘BBB-‘ with stable outlook
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels , the International Monetary Fund (IMF) said
FPIs turn net buyers; put in $6.3 billion in December quarter
According to a Morningstar report, foreign investors started the quarter on a subdued note as they turned risk-averse with fears of a global recession and trade wars gaining momentum.
I-T Dept to share taxpayers’ PAN, other data with SEBI to help in stock market-related probes
Name and PANs of partners in partnership firm and LLPs, KYC information contained in IT Return like email id, mobile number, address, IP address appearing on the acknowledgement of the filed IT Return, financial particulars of the business as filed in ITR and tax audit report, including income from trading in securities, bank account details.
Ayushman Bharat beneficiaries to get assistance of up to ₹15 lakh under RAN
“If as per the medical advice, the suggested treatment is not covered under any of the approved listed packages of AB-PMJAY, financial assistance up to ₹15 lakh can be provided to AB-PMJAY beneficiaries out of umbrella scheme of RAN,” the office memorandum with the revised guidelines stated
Jharkhand Cabinet approves proposal to grant up to Rs 5 lakh for treatment of critical diseases
committee headed by a civil surgeon at the district level has given the power to approve the amount of any beneficiary after obtaining guidelines from the hospital concern. Upon approval, the amount would be given to the hospital through RTGS or bank draft,” he said.
An MLA or his or her representative will be one of the members of the committee, he said.
Unbelievable but true that only 2,200 had declared earnings of Rs 1 cr: PM
He also said that this was the first time any government had focussed on smaller cities to push for economic development.
SBI Gen Insurance records a PBT at Rs 387 cr, u/w profit of Rs 14 cr in Apr- Dec
Rikhil Shah, CFO, SBI General Insurance Company said, “SBI General has maintained a steady growth in FY 19 – 20, we’ve managed a growth of almost 46% as compared to an industry growth of 15% for 9M FY19-20. Despite being one of the youngest players in the sector, we have seen an impressive progress since commencing operations. Growth has been evident across all lines of businesses. New tie-ups & improved business from existing tie-ups in motor, higher branch activations/better penetrations across SBI network has also helped in contributing to the growth.”
IAI to host 3-day 21st Global Conference of Actuaries in Mumbai from Feb 17
“The Global Conference of Actuaries provides a platform where the actuaries and non-actuaries from all across the globe gather and share their views and opinions on matters that impact the financial services Industry, particularly in the area of Insurance,pensions, risk management, data science and analytics. With such an event, we create opportunities for actuaries all over the globe to learn/contribute papers/presentations on the financial aspects that affect the financial industry as a whole. This year is special as we complete 75 years of the Indian Actuarial Profession and celebrate platinum jubilee year,” said Sunil Sharma, President Institute of Actuaries of India.