Ajay Seth, chairman,IRDAI ``It was an introductory meeting and had...
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Crop loss from floods wild animals now covered under PM Fasal Bima Yojana: Chouhan
"I want to give good news to farmers. PMFBY, which provides risk...
FinMin renews merger proposal of state-owned general insurance companies
To facilitate the entry of new players from overseas to cater to...
Govt directs Automobiles, Consumer Durables sectors to provide detailed info on warranty, service centres
Rohit Kumar Singh, Consumer Affairs Secretary To address the new as well as emerging concerns affecting consumers regarding the repair of their products, Consumer Affairs Secretary Rohit Kumar Singh held a meeting with the major stakeholders of four sectors --...
8 lakh bank employees to get 17% annual wage hike, 5-day work week awaits govt approval
For the retired employees, it was agreed that the monthly ex-gratia amount shall be paid in addition to the pension/family pension paid by the Public Sector Banks including SBI, to pensioners and family pensioners, who became eligible to draw pension on or before...
General insurance industry likely to hit Rs 3 trillion of premium in FY24
The Health portfolio, at Rs 90,788 crore, has remained the largest business for the industry till Jan 2024, followed by Motor(Rs74,500 crore) and Crop(Rs 25,549 crore) Mumbai: Propelled by a few private sector and PSU general insurers insurers along with the Health...
SC seeks Centre’s response on PIL seeking palliative care as part of national health programme
Terming the plea "genuine", the bench sought the Centre's response in eight weeks and asked it to file a comprehensive reply stating the existing policy on palliative care in the country New Delhi: The Supreme Court sought the Centre's response on Thursday on a PIL...
Govt panel backs higher carbon tax on coal imports to limit polluting fuel
In its report to the coal ministry, the panel said the current carbon tax rate of 400 rupees ($4.83) on every metric ton of coal, regardless of the quality bought, favoured imports and hit sales of domestically mined coal. Singapore: A panel of officials from Indian...
Animesh Das to be CEO of ACKO General Insurance
Animesh Das, CEO designate, ACKO General Insurance ACKO has now set itself ambitious goals for the upcoming year, eyeing a gross written premium(GWP) of nearly Rs 3000 crore Bengaluru: ACKO General insurance has elevated its chief underwriting officer Animesh Das as...
Govt, exporters to discuss Red Sea crisis issue on March 8
After Yemen-based Houthi rebels have targeted ships in the Red Sea and surrounding waters over the Israel-Hamas war. the shipping costs have jumped and consignments are taking more time to reach Europe and the US as the ships are taking the Cape of Good Hope route,...
Arbitrators’ independence impartiality critical to arbitration process CJI
D Y Chandrachud,Chief Justice of India Justice Chandrachud noted that over 90 per cent of international commercial contracts contain arbitration agreements and this unparalleled growth is rooted in its ability to create a neutral forum that all parties involved are...
Indian economy’s GDP growth in FY 24 could be “very close”: RBI governor Das
He reiterated that the RBI's monetary policy committee remained focused on bringing inflation down to its target of 4% and, despite prices being on a clear downward trajectory, major uncertainties such as geopolitical and weather risks remained Mumbai: The Indian...
India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031
"A projected average expansion of 6.7 per cent in this period will make India the third-largest economy in the world and lift per capita income to the upper-middle income category by 2031," Crisil said.India, with a GDP size of USD 3.6 trillion, is currently the fifth...