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Bima Sugam and Bima Vahaks poise to revolutionise country’s insurance penetration: NIA Chief
l to r-Sushama Anupam, General Manager(GM), New India...
RBI to promote innovations in payment systems with soft touch regulations:Governor
Sanjay Malhotra,Governor , RBI "We will continue to encourage...
Parliamentary panel for framing price control regime for COVID medicines, medical devices
''The Committee recommend that all medical devices critical to COVID-19 treatment like ventilators, oxygen concentrators etc. should be covered under the National List of Essential Medicines for effective price control,'' the report said New Delhi: Parliamentary panel...
RBI Guv allays stagflation fears, says Ukraine war to have minimal impact on India
Shatikanta Das,Governor,Reserve Bank of India Firmly ruling out the prospects of the economy falling into stagflation -- a situation of prices shooting over the roof and growth plunging -- Reserve Bank Governor Shatikanta Das on Monday instead said prices are set to...
DGCA puts Boeing 737 on ‘enhanced surveillance’ after China plane crash
When asked what steps the Directorate General of Civil Aviation (DGCA) is taking following Monday's crash, Kumar told PTI, "Flight safety is serious business and we are closely studying the situation. In the interim, we are focusing on enhanced surveillance of our 737...
EPFO interest rate better than other schemes, reflects today’s realities: FM in RS
Finance Minister Nirmala Sitharaman cited the comparative prevailing interest rates of other schemes saying Sukanya Samriddhi Yojana offers 7.6 per cent, Senior Citizen saving scheme (7.4 per cent) and PPF (7.1 per cent), while SBI's 5-10 year fixed deposits attracted...
Govt yet to choose PSU general insurers to be privatised: Karad
Bhagwat Karad, minister of state, ministry of finance As per inputs received from Department of investment and Public Asset Management(DIPAM), the government has not yet decided on the public sector general insurance companies that are to be privatised The government...
Airbus in touch with Tata for providing new aircraft for Air India
According to Airbus India President Remi Maillard said: "We are in talks with all airlines." , India is set to witness a massive growth in outbound passenger traffic As per estimates, India is expected to witness growth of 6.2 per cent in international air traffic,...
Govt considers widening Covid booster shots to all adults in India: Report
The government is debating whether to provide boosters to other groups for free, said one of the sources, who both sought anonymity as the government has yet to make a decision. A health ministry spokesperson did not immediately respond to a request for comment New...
LIC IPO: Govt files updated draft papers with Q3 financials
As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December, 2021, increased to Rs 1,671.57 crore from Rs 7.08 crore a year ago Mumbai: The government has filed...
Govt working on classification of cryptocurrency under GST law
'There is a clarity needed in regard to levy of GST on cryptocurrencies and whether it has to be levied on the entire value, We are seeing whether cryptocurrencies can be classified as goods or services and also removing any doubt on whether it can be called an...
Russia-Ukraine war: GIC Re cancels war risk covers for Marine Cargo,Hull and Airlines around affected areas , not to re-issue them with higher premiums
Ukrainian and Russian waters in the Black Sea and the Sea of Azov” as one of the listed territories for cancellation of war risk covers by GIC Re GIC Re has a small portfolio of Russian aviation risks for which Notice of Cancellation (NOC) of cover has been...