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HC refuses to restrain use of PolicyBazaar trade marks on Google AdWords
The court, in its interim order, said the suits were based on the...
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official
``Regulation can wait a bit longer but what is needed more urgently...
India regains status as the world’s fastest growing major economy, grows 7.2 pc in the December quarter
With this kind of higher growth, India might have regained the status of the world’s fastest-growing major economy in the October-December quarter, driven by higher government spending and a pick-up in manufacturing and services.
India needs to evolve into a pensioned and insured society: Arun Jaitley
PFRDA Chairman Hemant G Contractor said that his office is considering an auto enrolment system under the National Pension System (NPS) with an element of soft compulsion, in which all the employees working in government identified sector/industries in unorganised sector would be automatically covered unless they choose to opt out.
Officers’ Associations brace up for mergers of three PSU general Insurers
It was felt that IT would be the major challenge as far as merger is concerned since all the companies are working on completely separate system. Since New India Assurance Officers Association expressed their reservation on merger of four companies, so it was for the time being decided that strategies would be formulated keeping in view of the interest of the three companies
HDFC ERGO launches `Ticket Cancellation Insurance Policy’
The Sum Insured for the Policy will be the total cost of ticket(s) booked in one transaction of booking.Ticket Cancellation Insurance Policy will be offered for corporate and social events such as musical concerts, training workshops, sports matches, adventure and the likes. The policy will protect the event ticketing partners against financial losses in case the customer cancels a pre-booked ticket(s) of a scheduled event.
PNB Fraud: Banks for raising cover against fraud by staff
Punjab National Bank had only bought a basic banker’s indemnity policy, which covers employee fraud, to the extent of Rs 20 million (Rs 2 crore) which would not cover even 0.2 per cent of Rs 11.3 billion (Rs 11,300 crore) fraud done allegedly by Nirav Modi, Mehul Choksi and his associates in connivance with officials of a Mumbai branch.
RBI launches Ombudsman Scheme for NBFCs
“To begin with, the Scheme will cover all deposit-taking NBFCs. Based on the experience gained, the RBI would extend the scheme to cover NBFCs having asset size of Rs 100 crore and above with customer interface,” the RBI said.
Financial crime on the rise in India’s life insurance sector: EY report
According to the report, 56% of the life insurers stated upto 30% increase in fraud over the last two years; 7% confirmed upto 50% increase. 1 in 3 life insurers said their organizations did not have fully established whistle-blowing mechanisms, enhanced third party due diligence processes and robust fraud-response procedures.
Govt meets general insurers to chart out NHPS roll-out
While government has plans to pay around Rs 1000 of premium per policy, general insurers have insisted that Rs 2,500 on the basis of acturial pricing will make the National Health Protection Scheme sustainable in the long run.
Premium On Mega Healthcare Scheme To Be Rs. 900-1,000: NITI
it was estimated that the premium for providing healthcare to an eligible family would be around Rs. 1000-1200.Under the funding arrangement, the centre will provide 60 per cent fund, while the remaining money would have to come from concerned states.
EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17
Gangwar further said the ETF investments have fetched a return of 20.65 per cent so far, and in the months of January and February this year, the EPFO has sold Rs 3,700 crore ETFs which earned a return of Rs 1,011 crore.