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PM Modi launches LIC’s ‘Bima Sakhi Yojana’
Prime Minister Narendra Modi is handing over Certificates to one of...
Aligning Indian auditing with global standards to boost investor confidence, attract more funds: NFRA chief
"If we are going global, a lot of funds have to come and being...
Punjab govt to cover 8.5 lakh farming families under health insurance scheme
Punjab Mandi Board Chairman Lal Singh. added that the Board would pay the entire premium for the insurance cover of all the farmers, who will get cashless treatment facility up to Rs 5 lakh per annum.
He further said all these farmers and their families will now be covered with effect from August 20, 2021.
Will RBI joining NGFS help in climate finance?
The 22nd Financial Stability Report (FSR22) of the RBI had, about the “climate-related risk” that the value of financial assets/liabilities could be affected either by continuation in climate change (physical risks), or by an adjustment towards a low-carbon economy (transition risks). The manifestation of physical risks could lead to a sharp fall in asset prices and increase in uncertainty, it said.
AIIB provides $125 million funding for Kerala’s climate adaptation and disaster resilience
An estimated 49.6 million people will benefit from the loan, part of a comprehensive $ 530-million package cofinanced by the Government of Kerala, the World Bank Group’s International Bank for Reconstruction and Development and the French Development Agency.
Two key government programs will benefit from the financial injection—the Rebuild Kerala Development Program and the State Health Mission—both of which aim to improve state governments’ institutional resilience.
Automobile retail sales in fast lane in July as COVID restrictions ease across country
”With the entire country now open, July witnessed robust recovery in auto retails as demand across all categories remained high. Besides, the low base effect also continues to play its part,” Federation of Automobile Dealers Associations (FADA) President Vinkesh Gulati said in a statement
However, long waiting periods due to supply-side constraints continue to persist for the last few months and are becoming a cause of concern for original equipment manufacturers (OEMs), he added.
Foreign nationals now eligible for Covid vaccination in India: Govt
”This initiative will ensure the safety of foreign nationals residing in India. It will also bring down the possibilities of further transfer of infection from unvaccinated persons residing in India. It will also ensure overall safety from further transmission of coronavirus,” the ministry said in the statement.
Indian Ocean warming at faster pace, India to witness increased heat waves, flooding: Report
”The Indian Ocean region is warming at a higher rate, which means the relative sea level can also increase over the regions. Hence, the coastal regions will see the sea level rise through the 21st century and it will contribute to more frequent and severe coastal flooding in low-level areas and coastal erosion. Along with this, extreme sea-level events that were previously seen once in a hundred years, could also happen every year by the end of the century,” she said.
Non-life insurers to suffer longer from pandemic: Liberty General CEO
The two waves of the deadly viral infection so far have bled the general insurance industry to the tune of around Rs 27,000 crore as over 2 million customers have made industry-wide claims till early July, according to Roopam Asthana, managing director and chief executive of the mid-scale non-life player Liberty General Insurance.
Of this, the whole of FY’21 saw only about claims worth Rs 14,500 crore from around 9.8 lakh customers. As against this, the first three months of FY’22 alone have seen close to 12 lakh customers seeking over Rs 13,000 crore in refunds or cashless hospitlisation, he said and added that this is only from the second wave and no one knows what is in store for the industry as the world is fearing a third wave.
Rajasthan announces Rs 5 lakh compensation for kin of those killed in rain-related incidents
Under the State Disaster Relief Fund (SDRF) rules, financial assistance of Rs 4 lakh is provided to the dependent of the deceased. An additional sum of Rs 1 lakh will be provided to the family members of the deceased and in total, Rs 5 lakh will be provided as relief, an official statement said.
Tap water for rural homes: Chattisgarh lagging in 30th position, says Union minister
“Some states have done good work. Telangana, Goa, and two Union Territories have achieved a cent-percent target. Some states have set targets to complete work under the mission by 2021, while some by 2022 and 2023. There are 74 districts and over 1,000 village panchayats in the country where all rural households have a tap water connection,” he said.
IDBI Bank strategic sale: 7 firms in race for transaction advisor
LIC, currently having management control, has a 49.24 percent stake, while the government holds 45.48 percent in the bank. non-promoter shareholding stands at 5.29 percent.
The exact quantum of stake dilution would be decided later.