"Now, every elderly member of a family above the age of 70,...
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AB PM-JAY reduces India’s out-of-pocket medical expenses from 62 per cent to 38 per cent: JP Nadda
J.P. Nadda,Union Health Minister Over 8.19 crore people across...
Bagic’s T A Ramalingam takes over as first CEO of Prem Watsa’s Value Attics Reinsurance
T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who...
New ‘alarming’ sub-variant of Omicron in 10 Indian states: Israeli expert
In a series of Tweets, Dr. Shay Fleishon, with the Central Virology Laboratory at Sheba Medical Center in Tel Hashomer, said that 85 sequences from eight countries have been uploaded so far on Nextstrain, an open-source platform of genomic data. This included 69 from...
Big tech firms offering financial services pose risk to financial stability: RBI
FinTech innovations are ubiquitous, especially in retail and wholesale payments, financial market infrastructures, investment management, insurance, credit provision, and equity capital raising, and may lead to material changes in the financial landscape, it said....
India’s monsoon rains cover entire country but still down on average
India is likely to receive monsoon rainfall between 94% and 106% of the long-term average in July, the most crucial month for planting rice and a host of other summer crops such as corn, cotton, soybean and sugarcane, the India Meteorological Department had said on...
IRDAI wants 2.52% penetration and Rs 11.73 trillion premium for non-life industry by FY2027-28, sets tough annual premium targets for players
Debasish Panda, chairman, IRDAI IRDAI chairman Debasish Panda said the IRDAI will also suggest to the government to provide tax benefits under 80C for long term motor and housing policies. Panda revealed that the IRDAI is considering to give freedom to the boards of...
Carmakers post sales growth in June as semiconductor woes show signs of easing out
''Despite the global supply chain constraints, we are still managing to achieve milestones in record time,'' Kia India Vice President & Head of Sales and Marketing Hardeep Singh Brar said New Delhi: Major carmakers, including Maruti Suzuki, Hyundai, Tata Motors on...
SpiceJet’s Delhi-Jabalpur flight returns after crew notices smoke in cabin mid-air
This is the fifth such incident on SpiceJet aircraft in two weeks. Aviation regulator Directorate General of Civil Aviation is investigating all five incidents. On June 19, an engine on SpiceJet's Delhi-bound aircraft carrying 185 passengers caught fire soon after...
India gets $1.75 bn World Bank loan for Ayushman Bharat, private investment
Through this combined financing of USD 1 billion, the World Bank will support India's flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, the World Bank said in a release on Friday New Delhi: The World Bank has...
Govt replaces BBB with Financial Services Institutions Bureau(FISB) for selecting top management of PSU banks & insurers
FSIB will be a single entity for making recommendations for appointments of executive directors, and non-executive chairmen in PSU banks, CMDs, general managers and directors of public sector insurers, said the DoPT order With setting up of FISB, the selection...
IRDAI sets stiff annual premium targets for life insurers for next 5 yrs, eyes 6.18% penetration by 2027
To grow faster, the insurers need capital and IRDAI is planning to enlarge the basket of instruments through which they can raise capital Life Insurance Corporation has to mobilise almost a total premium Rs 16 lakh crore , HDFC Life Insurance(Rs 2.66 trillion),SBI...
Cryptocurrencies a clear danger to financial systems: RBI Governor
In the foreword to the 25th issue of the Financial Stability Report (FSR) released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention "We must be mindful of the emerging risks on...