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Sebi to curb finfluencers to help investors get accurate, unbiased info
In the case of other financial advice, finfluencers must have...
Tech veteran Venkat Changavalli takes over as new CEO of IIBI
Venkat Changavalli, new CEO, Insurance Information Bureau of India...
No proposal of PSB merger under consideration: Govt
To facilitate consolidation in the public sector banking space, the Cabinet in August gave in-principle approval for PSBs to amalgamate through an Alternative Mechanism (AM).
Subsequently in November, a panel under the chairmanship of Finance Minister Arun Jaitley was set up to examine proposals from banks for in-principle approval to formulate schemes of amalgamation
IRDAI asks general inurers to ensure easy availability of Motor TP policy
“Several States have reported back that insurers have a cumbersome process that involves inspection of the vehicle concerned and that vehicle owners have complained that it is not an easy process to obtain insurance,’’ said IRDAI
Top insurers & bureaucrats vie for IRDA Chairmanship
Among the insurers who have applied for the post are- VK Sharma, chairman, Life Insurance Corporation(LIC) , G Srinivasan, CMD, New India Assurance,K Sanath Kumar, CMD, National Insurance, three MDs of LIC, Hemant Bhargava,, Sunita Sharma, K Venugopal, and Rajesh Kandwal, CEO & Managing director,LIC, Bahrain,.Nilesh Sathe, member, IRDAI, is also in the fray
Insurance cos to focus on IPOs, consolidation in 2018
The Indian insurance industry is witnessing growth and is projected to have great times in the years to come. This offers immense scope for consolidation as some promoters may look at exiting non-core businesses and existing large insurers desire to achieve scale and bring in better synergies to pass on the cost efficiencies to customers and shareholders, he said.
Need affordable healthcare in India: Venkaiah Naidu
Naidu said there were 69.1 million cases of diabetes in India, according to a 2015 census, and called for the need to create greater awareness among the youth about the dangers of sedentary lifestyle and eating junk food.
Small savings interest rate cut by 20 bps
At the same time, investments in the five-year Senior Citizens Savings Scheme has been retained at 8.3%. The interest rate on the senior citizens’ scheme is paid quarterly.
Indian carriers to induct over 900 planes in coming years
Budget airlines IndiGo, SpiceJet, GoAir and AirAsia are set to significantly expand their respective fleet sizes.Along with other carriers, the total number of aircraft to be inducted by the domestic players would be more than 900.With an existing fleet of 150 planes, IndiGo is readying to add another 448 aircraft — 399 A320s and 49 ATRs — in the next seven to eight years. Competitor SpiceJet too is in the process of expanding its current fleet of 57 aircraft.
EV drive: SIAM for 5% GST, IT deduction for individual buyers
“Demand incentives or cash subsidies can at best be a short-term measure to kick-start the process. However, tax rebates and other fiscal and non-fiscal measures can be sustained over a longer term and will have a greater impact and outreach,” the paper said.
2017: Less accidents, more aftershocks for Railways
The ministry adopted a slew of measures to ensure accidents are reduced to a minimum in the coming year – renewal of tracks at a fast pace, use of ultrasonic flaw detection testing of rails, track recording cars and portable oscillation monitoring systems to detect track defects, introduction of train protection and warning system, and development of the Train Collision Avoidance System which is now at the trial stages.
Panel wants body cams on traffic cops, RTO officials
The punishment in case of death in an accident by drunken driver is proposed to be enhanced up to seven years in line with proposed amendments in IPC. Rules will be framed to provide for standards to measure the breath alcohol analysers.