"It is proposed to introduce risk-based deposit insurance premium...
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Traditional medicine doesn’t get recognition it deserves, has to win confidence via science: Modi
Prime Minister Narendra Modi Addressing the WHO Global Summit on...
Seth urges insurers on timely and effective resolution of policyholders’ grievances
``When a citizen takes the trouble to write a grievance,they are...
Heavy rains lash Tamil Nadu, ‘Fengal’ continues to moves towards coastline
Departure and arrival schedule of flights were affected to some extent.The government had already declared November 30 a holiday for educational institutions and requested IT firms to make their employees work from home. Chennai: Heavy rains accompanied by gusty winds...
Fair price of vehicles to be scrapped will be decided by market forces, no govt intervention: Nitin Gadkari
Nitin Gadkari, Union Minister for Road Transport and Highways To ease the economic burden on citizens, especially low-income groups, incentives are provided for scrapping vehicles. These include waiving registration fees for new vehicles purchased with a "Certificate...
Govt seeks to overhaul Indian insurance sector with extensive reforms measures
Insurers to be allowed to do certain other business, in addition to insurance business, enabling additional stream of revenue for insurers - like carrying of guarantee or indemnity business, managing and selling property possessed by company in satisfaction of claims,...
Welfare pension fraud: Luxury car owners, affluent individuals found on beneficiary lists in Kerala
This revelation comes amidst widespread outrage in Kerala following reports that nearly 1,500 government employees, including gazetted officers and college professors, had fraudulently claimed social security pensions Thiruvananthapuram: An audit conducted by the...
Finmin proposes to raise FDI in insurance to 100%, seeks public comments by December 10
According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibility and affordability of insurance to citizens, foster expansion and development of the insurance industry, and streamline...
DFS secy asks 4 PSU general insurers to bring down their underwriting losses and guard market share
M Nagaraju, after becoming the DFS secretary, held his first review meeting with the four state owned general insurance companies in New Delhi on Tuesday New Delhi: M. Nagaraju, secretary, Department of Financial Services (DFS), has asked the four state owned general...
HC seeks Delhi govt’s stand on PIL to implement AB-PMJAY in city
A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela said it was "strange" that the Delhi government was not accepting Centre's aid when there was "no money" with it for its healthcare system New Delhi: The Delhi High Court on Wednesday expressed shock over...
LIC explores picking up stakes in Manipal Cigna Health Insurance
According to sources in the insurance industry, LIC’s choice of Manipal Cigna is purely on the basis of cheaper valuation among the old stand alone health insurance companies New Delhi: Life insurance behemoth Life Insurance Corporation (LIC) is considering...
Berkley Asia and Lloyd’s Syndicate Volante venture into Indian markets
One more Lloyd’s Syndicate Volante has received a license from the Indian insurance regulator IRDAI to join the existing Lloyd’s platform in Mumbai while another major reinsurer Berkley Insurance Asia has ventured into the the Gujarat International Finance...
Existing PAN holders do not need to apply afresh under PAN 2.0: Tax dept
"With existing PAN database of 78 crore PANs and 73.28 lakh TANs, the project addresses the requirements of taxpayers, focusing on consolidation of multiple platforms/portals and efficient services to PAN/TAN holders," Central Board of Direct Taxes (CBDT) said in a...