McDonald's biggest India franchisee, Westlife Foodworld, has been...
Category:
Indian News
Latest
NCLT approves Hinduja Group firm IndusInd International Holdings’ resolution plan for Reliance Capital
However, no final decision on the matter can be taken by the...
Govt may look at enhanced KYC requirements for certain class of corporates
As many as 26,28,865 companies were registered in the country as on...
No restriction of Covid-19 info,Pvt vaccine manufacturers can’t decide on vaccine allocation to states, says SC
“What happens to the marginalised and SC/ST population? Should they be left to the mercy of private hospitals, it asked.
The court also said the government must consider National Immunisation Programme for various vaccines and must think of providing free of cost vaccination to all citizens.
MHA directs states to ensure local containment measures in districts with high Covid caseload
The MHA order shall be effective till May 31.
Social, political, sports, entertainment, academic, cultural, religious, festival related and other gatherings and congregations have been prohibited.
Marriages will be attended by up to 50 people and funerals by up to 20.
Shopping complexes, cinema halls, restaurants, bars, sports complexes, gymnasiums, spas, swimming pools and religious places will remain closed.
India’s insurers face potential profitability and solvency margin pressures as health segment grows:AM BEST
The health segment has posted some of the weakest underwriting results in India’s non-life industry over the past decade; the 10-year average loss ratio of the health insurance business is approximately 98% (FY2010-FY2020). Although this has abated in recent years, the loss ratio remains unviable at 88% in FY2020.
Another major cause of non-life companies’ poor underwriting results is the prevalence of group health insurance with limited rate adjustment capacity.
Suspension of scheduled international passenger flights extended till May 31 due to Covid-19: DGCA
Scheduled international passenger services have been suspended in India since March 23, 2020, due to the coronavirus pandemic.
But special international flights have been operating under the Vande Bharat Mission since May and under bilateral “air bubble” arrangements with selected countries since July.
India has formed air bubble pacts with around 27 countries including Kenya, Bhutan and France.
Take steps to reduce cost of COVID-19 treatment: Kerala HC to govt
Expressing concern over exorbitant amounts charged by the private hospitals, the court directed the government to discuss the matter with the managements of the hospitals and inform its decision to the court by next Tuesday.
Counsel for the government informed the court that it would consider further reducing the rates.
Govt invites applications for IRDAI chairman post
Subhas Chandra Khuntia, 63 will be completing his three year term on May 7.
Applicants should have at least 30 years of work experience, should have worked as secretary to Government of India or its equivalent level in Government of India or State Governments or other institutions, and should have had a proven track record of leadership and authority in decision-making.
The applicant should have minimum of two years of residual service as on 7.5.2021, i.e., the applicant’s age should not exceed 63 years on said date.
New heads appointed for Kotak life and Kotak general insurance
Effective 1st May 2021, Kotak Mahindra Life Insurance Company Limited (Kotak Life) will be headed by Mahesh Balasubramanian as managing director (MD) while Kotak General Insurance Company (Kotak GI) will be led by Suresh Agarwal as MD & CEO.
Biden restricts travel to US from India
A variant strain of the virus, known as B.1.617, is also circulating in India, along with other variant strains, including B.1.1.7, first detected in the United Kingdom, and B.1.351, first detected in the Republic of South Africa.
“The CDC advises, based on work by public health and scientific experts, that these variants have characteristics of concern, which may make them more easily transmitted and have the potential for reduced protection afforded by some vaccines,” said the proclamation.
SBI General Insurance net profit rises 32 % to Rs544 cr in FY 20-21,Combined ratio at 99.8 %
“FY21 demanded special focus on the Health and SME lines, and we managed to maintain a balanced growth. We are also scaling up our product bouquet and adopting digital disruptions to offer instant insurance solutions even at distributor part, for the ease of customers,” said PC Kandpal, MD and CEO, SBI General Insurance
Insurers have to settle cashless Covid-19 claims in 1 hr:IRDA
The IRDAI’s direction to the insurers has come following the Delhi High Court’s direction to the insurance regulator to advise insurers to communicate their cashless approvals to the concerned hospitals/establishments within a maximum time period of 30 to 60 minutes so that there shall not be any delay in discharge of patients and hospital beds do not remain unoccupied,