The preliminary report released earlier provided factual...
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LIC keen on buying stakes in a suitable health insurance company,says CEO Doraiswamy
``We are evaluating various options available in the market, but we...
Environmental Concerns:SC refuses to pass any order related to Adani group’s proposed thermal power plant in UP
CJI Kant said the difficulty is that sometimes concerns are raised...
Govt to shelve privatisation plans, pour billions in state-run firms
In 2021, Modi's government announced a major programme to privatise most of India's state-run companies. The plan was so drastic that even in the four sectors that India sees as sensitive, such as telecoms and banking, it wanted to keep only a minimum presence, while...
Uttarakhand becomes first state to implement Uniform Civil Code, CM Dhami launches UCC portal
The UCC came into force as Chief Minister Pushkar Singh Dhami unveiled its notification, released the rules for its implementation and launched a portal created for the mandatory online registration of marriages, divorce and live-in relationships Dehradun: Uttarakhand...
Indian insurance industry watches Govt’s move on IRDAI chief as Panda’s 3-yr term ends on Mar 14
Debasish Panda, chairman, IRDAI Panda after taking over as IRDA chairman on Mar 14, 2021, had unleashed an extensive reforms agenda for the industry to achieve `Insurance for all by 2047' and industry is already tapping all the sources to know whether Panda is...
Former Star Health Insurance CEO Prakash joins Bajaj General Insurance as a consultant
``Stepping into the consulting space has been a refreshing journey. Bajaj General Insurance has approached me, and I am excited to collaborate with them, bringing my years of experience in health insurance to the table. Looking forward to this new chapter. I am...
US-based D Gaekwad Developments make competing offer for Religare; Burman confident of success
Following the open offer, Burman's stake in REL would rise to 53.94 per cent, while Digvijay Laxmansinh Gaekwad proposes to pick 55 per cent stake in the company New Delhi: A day ahead of an open offer, Religare Enterprises Ltd (REL), the holding company of Care...
Transport ministry proposes more sops for scrapping vehicles with BS-II
The Ministry of Road Transport and Highways (MoRTH) in a draft notification issued on January 24 said up to 50 per cent discount would be applicable for all vehicles, both commercial and personal, that are BS-I compliant or were manufactured before the BS norms were...
Finmin notifies assured pension scheme for govt employees, to be effective from April 1
The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...
Budget 2025-Insurers expect tax benefits, concessions for healthcare
Sameer Bansal, MD & CEO, PNB MetLife, said that while India is a fast-growing economy fuelled by its rising middle-class population of 25-45-year-olds, the proportion of people above the age of 60 is equally increasing at a rapid pace New Delhi: Insurers are...
IRDAI imposes Rs1cr penalty on Royal Sundaram General for violating Outsourcing norms
In an order passed by two members of the IRDAI- Rajay Kumar Sinha,(F&I) and Deepak Sood,(Non-Life), the insurance regulator has said that the payments made by RSGI during 2018-19 and 2019-20 to vendors in excess of Rs1 crore were not reported in the outsourcing...
Govt says sanctioned Russian oil tankers can discharge before Feb 27
India's oil secretary Pankaj Jain said the deadline, as outlined by the US sanctions, for completing financial transactions was March 12. India follows United Nations sanctions, rather than those imposed by individual countries, but fears of secondary sanctions by the...