Mukesh Ambani, Chairman, Reliance Industries Pune-based Cyrus...
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IMF raises India’s GDP growth forecast marginally to 6.3 pc for FY24
'Growth in India is projected to remain strong, at 6.3 per cent in...
RBI bars Bank of Baroda from more customers on bob World app
"This action is based on certain material supervisory concerns...
Vijaya Bank, Dena Bank, BoB to merge: Govt
The amalgamated bank would be the third largest bank in India and will be strong competitive lender with economies of scale, he said adding the three would have synergies for network, low-cost deposits and subsidiaries.
Hospitals can’t detain patients, bodies over payment disputes: draft Patient Charter
According to a notice issued by Joint Secretary Sudhir Kumar, the ministry plans to implement the charter through state governments for provision of proper healthcare by clinical establishments.
Modified Jan Dhan: No of accounts swell to 326.1 mn; Rs 12.66 bn increased
During the August 15-September 5 period, the total deposits in 32.61 PMJDY accounts witnessed an increase of Rs 12.66 billion.
The balance in PMJDY accounts was Rs 824.90 billion as on September 5.
Govt deactivating identification numbers of 2.1 mn directors over KYC norms
Last year, the ministry had disqualified more than 300,000 persons from holding directorship at registered companies amid the fight against illicit fund flows. These individuals were directors at firms that were not carrying out business activities for a long time.
India did remarkably well in lifting millions out of poverty: UN report
The HDI is a summary measure for assessing long-term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.
Frame rules to auction uninsured vehicles in accidents to pay victims: SC
If the rules currently existing in Delhi are enforced across the country, then it would make driving of uninsured vehicle difficult as owners would run the risk of seizure of vehicle in case of accident and being sold to pay the compensation for the victim.
IRDAI Board to meet on Sep 27, to review reinsurance regulations
“We would be very happy if some of the basic problems in the existing reinsurance regulations are addressed by the IRDAI soon as they are highly uneven and favour only GIC Re in terms of right to refusal. What is the point of opening the market and not allowing us a fair play ? We are investing six to seven time more capital than that regulations require us to do. A lot of reinsurance business is also going out of the country to the offshore reinsurers that can be retained in the country.’’ said an official of a global reinsurance company that has operations in India.
Narendra Modi first Indian PM to prioritise universal health coverage: Lancet
“Ayushman Bharat has two pillars — the creation of 1,50,000 health and wellness centres across the country to provide a spine of primary care facilities to deliver universal health coverage; and the National Health Protection Mission (NHPM), a health insurance aimed at providing coverage of Rs 5 lakh per family annually, thus benefiting more than 10 crore poor families,” said the article.
Govt policies pose biggest risk to India Inc in next 3 years: Deloitte
Cyber security will take the lead with 36 per cent amongst the top three risks for businesses, followed by technology disruption risk with 33 per cent and regulatory risks at 31 per cent.
IRDAI wants to migrate to risk-based capital regime soon, Khuntia
Irda is in favour of simplified products in the industry which a policyholder can easily understand so as to avoid misselling.Simple insurance product which every one can understand is the need of the insurance sector to avoid mis-seling, he said. Khuntia advised the insurers to invest in the corporate bonds that have good ratings.