Uttar Pradesh registered the largest decline in the number of poor...
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India’s weak economic data turns FPIs from net buyers to net sellers in Dec
“FPIs adopted a cautious approach while investing in Indian equities, on the back of subdued economic indicators. It has not been a good year for the Indian economy so far and the recently released GDP number which continued the southward march for the seventh quarter in a row falling to 4.5 per cent reaffirmed the slowdown in the Indian economy,” said Himanshu Srivastava, senior analyst manager research, Morningstar Investment Adviser India
Delhi Anaj Mandi fire: 43 dead, several critically injured, probe ordered
The massive blaze ripped through the four-storey building housing “illegal” manufacturing units in congested Anaj Mandi area in Filmistan locality.Police and fire department officials said most of the fatalities occurred due to suffocation as many people were sleeping when the fire started around 5 am on the second floor of the building that did not have fire safety clearance
LI Council launches “#Sabse Pehle Life Insurance”, a nationwide insurance awareness campaign
The Rs 100 crore campaign is being launched through a 360-degree approach with use of both conventional and digital mediums, with simple, but very clear messaging through interesting advertisements, which will be adapted in 11 languages for a nationwide appeal. The advertisement showcases how we instinctively adopt protection through safety behaviours in our daily routine and how buying a life insurance cover is a natural extension of such behaviour to safeguard our financial needs
No menopause policy for women employees in government, private sectors
The minister said the National Health Mission envisages achievement of universal access to equitable, affordable and quality health care services that are responsive to peoples needs.
The strategy is based on provision of comprehensive care through the five pillars or thematic areas of reproductive, maternal, neonatal, child and adolescent health and is guided by central tenets of equity, universal care, entitlement, and accountability, and it has been developed to provide an understanding of ‘continuum of care’ to ensure equal focus on various life stages.
Income tax rate cut among steps govt working on to revive growth: FM
When asked if the government is considering rationalisation of the personal income tax rate for putting more money in the hands of people, the Finance Minister said, “One among many things that we are thinking of.”
Postmen, grameen dak sevaks may soon start selling insurance policies
“These postmen and grameen dak sevaks will be operating largely in un-banked and under-banked geographical areas and can provide the last mile reach to sell insurance products in remote and rural areas,” Irdai said.
India’s consumer confidence in Nov sees steepest fall in more than 5 yrs
The central bank’s survey was conducted in 13 big cities and 5,334 households. Consumers were surveyed about perceptions and expectations on the general economic situation, the jobs scenario, the overall price situation apart from income and spending.Worryingly enough, respondents felt that prices have increased in the past year and are likely to rise in the year ahead, implying inflationary pressures are likely to stay sticky in the near term.
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
“Even if the parent company goes for liquidation, it will be sold and somebody else will take over. So, DHFL’s share in these insurance companies will be transferred to the new owners,” he said and assured that no policyholders will be affected during the process. However, Khuntia asked insurers to write off their exposures to the housing finance company in the similar manner as they followed in the case of the now bankrupt IL&FS.
Step up reform efforts to increase quality jobs and incomes, OECD to India
The latest OECD Economic Survey of India notes that while India has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
RBI keeps rates on hold despite economy fears
The six-member monetary policy committee (MPC) unanimously voted to hold the key repo rate at 5.15% while the reverse repo rate was also held at 4.90%.The RBI reiterated that it would maintain an accommodative stance as long as it is necessary to revive economic growth which slowed to 4.5% in the September quarter from 7% a year ago, to stand at its lowest in more than six years.