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Rajasthan govt committed to ensuring minimum loss, maximum relief for people during disasters: Gehlot
Department of Agriculture and Horticulture Secretary Prithviraj...
Obligation of IRDAI to ensure persons with disability not unduly prejudiced: HC
The Insurance Regulatory and Development Authority of India (IRDAI)...
Expect motor bill to be cleared in ongoing session: Nitin Gadkari
The Lok Sabha had cleared the bill in April.It seeks to bring a slew of radical reforms in the transport sector by ensuring 100 per cent e-governance, checking bogus driving licences and vehicle thefts, slapping heavy penalty on traffic violators and protecting the good samaritan, among other things.
Banks lost nearly Rs 17,000 crore to frauds last fiscal, says FinMin
an inter-disciplinary standing committee on cbyer security has been constituted by the RBI comprising academia, information security audit, forensic and cybersecurity experts.The committee reviews, inter alia, threats inherent in the existing or emerging technology, and suggests appropriate policy interventions.
Govt to give incentives to boost electric vehicles
“We would like to support electric vehicles by providing vast range of initiatives such as lower road taxes. And the government will act as a catalyst so that automobile sector continues to play a major role in India’s GDP and job creation as well as in exports,” Amitav Kant,CEO,Niti Aayog
Non-life insurers’ gross premium up 9% at Rs 10,012 cr in Nov
As of November 30, 2017, the New India Assurance Co Ltd has the highest market share in the non-life insurance market at 15.6 per cent, followed by National Insurance Company (11.17 per cent), United India Insurance (10.82 per cent), ICICI Lombard (8.81 per cent), Bajaj Allianz (6.22 per cent) and AIC (6.18 per cent)
Private bill in RS proposes health to be made a fundamental right
Bill.states that state shall provide a system of health protection to all citizens, including prevention, treatment and control of diseases and access to essential medicines.all citizens should also have access to basic health services, emergency medical treatment and mental healthcare.
IRDAI Panel suggests competitive returns for life insurance customers
Panel has suggested to “lower the mandatory proportion of ‘G-Secs’ in the Life Fund and the Pension and General Annuity Funds and allow for higher exposure in alternative higher yielding assets (like equity or property) or high rated corporate bonds” to help insurers generate a high gross return on investments so that insurance savings products can compare favourably in the financial savings space
Government to bear MDR charges on digital transactions up to Rs 2,000
The move will have an impact of Rs 2,512 crore on the exchequer.The minister said since such transactions account for sizable percentage of transaction volume, the decision will help move towards less-cash economy. Prasad further said digital transactions during April -September 2017 were valued at 2.18 lakh crore.This amount is estimated to be Rs 4.37 lakh crore for the whole of the current financial year.
Karnataka HC strikes down 85% pictorial warning rule for tobacco products
The court made it clear that the 40 per cent pictorial health warning rule, which existed prior to the amendment rules, would remain in force.
IRDA extends time limit for reviewing IFRS 17 till 30th June, 2018
It was also felt that considering the magnitude of impact the implementation of the standard is likely to have on the Insurance industry in India, as well as the financial statements and disclosures of insurers, it requires a detailed study before implementation, said IRDAI..
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Vodafone and Aviva Life unveil mobility plan with life insurance
The plan which starts for as low as Rs. 499 per month will help professionals early in their careers secure their families. This offering is a part of Vodafone RED, India’s Best Postpaid plans. At the moment, this plan is available to select enterprise customers.