Nirmala Sitharaman,Union Finance Minister UPS has been introduced...
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1,114 hospitals de-empanelled, 1,504 penalised under Ayushman Bharat Insurance scheme
"Suitable actions including de-empanelment of 1,114 hospitals,...
Chouhan to transfer crop insurance claims worth Rs3,200 cr to 30 lakh farmers on Monday
Shivraj Singh Chouhan,Union Agriculture Minister Of the total claim...
Insurance, JioAirFiber, CBG plants make Reliance’s roadmap for growth: Ambani
Reliance Industries Ltd will continue to invest in clean energy projects, including 100 plants to convert agri-residue -- a source of pollution in the north during winter -- into gas that can fuel automobiles and generate power. All this to offset emissions from its...
Munich Re launches parametric driven NatCatcover for small borrowers in India
``We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh Kotak,...
“Munich Re is committed to support Indian insurance industry, to bring in new products and solutions to the market’’
Growing its business fast, Munich Re, the largest global reinsurer,has emerged as one of the key Foreign Reinsurance Branche(FRB) in India. Hitesh Kotak, Chief Executive, India, Middle East and Africa, Munich Re,in an interview with Asia Insurance Post, outlines his...
India on track for lowest monsoon rains in 8 years -sources
"El Niño dampened rainfall in August, and it will also have a negative impact on September rainfall," said a senior official at the India Meteorological Department (IMD) New Delhi: India is poised for its lowest monsoon rains in eight years, with the El Niño weather...
Uncertainty looms over Reliance Nippon Life Insurance JV as RCAP Resolution Plan to come up for NCLT approval on Wed
According to a banker involved in the process, as the resolution plan states that all existing shareholders agreement will be nullified, there is a question mark on the fate of RCAP's life insurance joint venture with Nippon Life of Japan Mumbai: The resolution of...
Jio Financial Services to enter insurance sector soon, confirms Mukesh Ambani
`JFS will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players. It will use predictive data analytics to co-create contextual products with...
Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000, and a free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh...
Decarbonisation gaining pace but have to learn to survive in hot new world: Sanjiv Puri
ITC chairman and managing director Sanjiv Puri said on Sunday said that the extreme climate change events that have plagued the world are "here to stay" and the companies in India should fine-tune their strategies in accordance to the climate change that has affected...
Govt unlikely to infuse capital in PSU general insurers in FY24
Vivek Joshi, secretary, Department of Financial Services(DFS), recently had reviewed the functioning of the four PSU general insurers in New Delhi but the pressing issue of the capital infusion was out of meeting's agenda The three PSU general insurers that require...
Portfolio management industry poised for expansion; asset base to grow up to 25 pc over next 3-5 yrs: Experts
Going by Sebi data, assets under management (AUM) of the portfolio management industry stood at Rs 28.50 lakh crore at the end of June, as compared to Rs 28.07 lakh crore at the end of the preceding month. On a year-on-year basis, the total assets managed by PMs...