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Indian News

IRDAI cautions Reliance Nippon Life on expense management

-According to the IRDAI rulings on Friday , the insurer has neither furnished the Certificate from the appointed actuary nor demonstrated that the interest of the policyholders was not affected due to the excess of expenses over the prescribed limits. 
-The insurer is found to have contravened provisions of section 40B of the Insurance Act, 1938 with respect to non-compliance of the limits prescribed for expenses of management, said IRDAI. 

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Subsidy for EVs only for commercial vehicles, not personal usage:Govt

“Proposals are invited from cities that intend to develop charging infrastructure in million-plus cities as per 2011 census. Initially, 1,000 EV charging stations are earmarked for development through the EOI (expressions of interest). These charging stations will be sanctioned in different cities after evaluation of the proposals received under the EOI, ”the minister said

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India down 3 Places in mobile, broadband speed: Report

“India is one of the geographically largest and most populated country in the world, meaning a well laid out network that is able to handle high volumes of usage is a key in supporting the internet needs of the Indian market. Despite these challenges in India, further advancements in both 4G and 5G network technology will continue to improve network efficiency,” he said.

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Better career prospects, sense of fulfilment attract expats to India: Survey

“Our study shows that more professionals are choosing to work abroad, helping them achieve their ambitions and long-term financial goals, from improving their job prospects and access to better education for their children to buying property or saving more for retirement,” HSBC India Head of Retail Banking and Wealth Management Ramakrishnan S said. 

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