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Northeast flood situation critical toll rises to 36 over 5.5 lakh affected
In Assam, more than 5.35 lakh people were affected by the deluge in...
True North, Krishnan Ramachandran sell 10 pc stake in Niva Bupa Health for Rs 1,507 cr
DSP Mutual Fund acquired more than 4.96 crore shares in four...
Retail loans can become a source of systemic risk, warns RBI
'Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk,'' the RBI said in its trends and progress in banking report for FY22 Mumbai: Retail loans, long considered a panacea for the banking system, may become...
Consider discount on policy renewal for those with 3 doses of COVID-19 vaccine: Irdai to insurers
The regulator also urged insurers to ensure that empanelled hospitals are prohibited from taking deposit for COVID-19 hospitalisation, sources said, adding, some of the hospitals indulged in asking for deposit for COVID treatment during the first and second wave...
Goyal launches right to repair portal, autombile and farming equipments will be covered
On the 'right to repair' portal, manufacturers will share the manual of product details with customers so that they can either repair by self, by third parties, rather than depend on original manufacturers. Initially, mobile phones, electronic, consumer durables,...
Rajasthan has 90 per cent health insurance coverage: CM
The state government's Chiranjeevi Health Insurance Scheme, which provides a Rs 10-lakh cover, has come as a relief for people. Against the national average of 41 per cent, Rajasthan has 90 per cent coverage of health insurance, while the coverage is 15.9 per cent in...
Mutual funds see muted 2022; expect better days in new year
The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association...
LIC may consider composite licence after passage of Insurance Laws (Amendment) Bill
The Bill, with proposed amendments to the Insurance Act 1938 and Insurance Regulatory and Development Authority Act, 1999, is expected to be tabled in Parliament in the upcoming Budget session starting next month, sources said. New Delhi:The country's largest insurer...
Global economic developments expected to complicate outlook for Indian economy: Finmin report
India has identified several priorities for its G20 presidency -- inclusive, equitable and sustainable growth; LiFE (lifestyle for environment), climate financing; circular economy; global food security; energy security; green hydrogen; disaster risk reduction and...
Sebi initiates study of fees, expenses charged by mutual funds
The policies would seek to balance the need for facilitating financial inclusion, encouraging new participants, leveraging economies of scale, encouraging adoption of technology, discouraging cross subsidisation across schemes, closing arbitrage opportunities if any,...
Reliance Capital: Hinduja Grp re-enters the fray with a higher offer of Rs 9,400 crore
Lenders will now take a call on whether they will accept Hinduja’s revised bid Analysts say Hinduja offer of Rs 9,000 crore cash upfront trumps Torrent bid of just Rs 4,000 crore cash and the balance to be paid to lenders in three equal instalments in year 3/4/5 with...
India will take 20 yrs, 8-9% growth to become developed nation: Rangarajan
In order to reach the level of an upper middle-income country, the per capita income will have to be at a minimum of USD 13,205 and that will take more than two decades of strong growth of between 8 to 9 per cent to achieve it. Achievement of a USD 5 trillion economy...