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GST authority issues Rs 922 cr show cause notices to Reliance General Insurance
The GST department is of the opinion that there is no provision in...
Norris Medicines recalls toxic cough syrup
The drug regulator of Gujarat state, where Norris is based and has...
International risk management body PREMIA launches India chapter
“A gap in accounting skills do exist after the adoption of Core Banking Solutions by the Indian banks. This skill gap may lead to a fraud in a bank by a particular employee who understands the system better than others. There are few recent instances of big frauds happening due to this ethics deficit and the knowledge of few ethical staff members bringing these frauds into light, Rabi N Mishra, Principal General Manager, Reserve Bank of India
22 new AIIMS coming up across the country: Nadda
Many initiatives such as increasing the retirement age of doctors to 65 years, setting up of more medical and nursing schools, multi-skilling of doctors to overcome the shortage of specialists, have been taken by the Centre to improve medical education, Nadda said.
Govt to make it mandatory for unlisted cos to issue shares in demat form
According to the officials, having shares in the dematerialised form would also bolster the Know Your Client (KYC) framework for unlisted companies and prevent instances such as pledging of duplicate shares.
Non-life insurers see gross premium at Rs 43k, up 14pc in Apr-July
AV Girija Kumar, CMD, Oriental Insurance Company, said that GST was introduced in July last year. So, up to June, the growth of the industry was nominal
Reinsurance premium may go up for flood risk cover
“Incidents of floods in India seems to be regular in recent years. The reinsurers may ask the primary insurers to manage the risk with their premium rates. If the primary insurers want a catastrophic insurance cover, then the reinsurers may levy higher deductible to cut down on his own losses in case of flood losses,”
Finance Ministry asks PSU bank CEOs to check frauds in NPAs or face penal action
More than a dozen companies undergoing bankruptcy resolution are being reviewed by banks and investigating agencies for fraudulent activities including diversion of funds
Raheja Universal adopts title insurance policy from HDFC Ergo
“The policies will provide security to property developers and new age buyers against defects in title of the property. This regulation will bring a lot of confidence among buyers, bankers and financiers. The rising policy assurance in the market will also improve home financing options, while ensuring timely delivery of projects,”
Global alliance to create 50 mn jobs, 10 mn entrepreneurs in India by 2030
“Helping more Indian families rise out of poverty remains a challenge we’re committed to tackling; creating thousands of new companies and millions of new jobs is key to that. This alliance can make that goal a reality,” said Christine Heenan, Vice President for Policy, Partnerships and Communications, The Rockefeller Foundation.
Kerala floods:Insurers expect Rs1200 cr of claims, declared ‘calamity of severe nature’
Nearly 9 lakh people are now lodged in shelter camps in Kerala. As rescue operations wound down to its final stages, the government began to shift focus to ensuring relief to affected persons, and to the rebuilding of civic infrastructure damaged by the floods
Bonds ready for 26.52 farmers under govt’s insurance scheme: Telangana Minister
Telangana Agriculture Minister Pocharam Srinivasa Reddy said awareness on the “Fall Armyworm,” a feared pest that had caused massive agricultural losses in Africa, should be increased in the state and precautions should be taken at the preliminary stage to prevent its spread