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RBI action on Paytm Payments Bank has drawn fintechs’ attention to compliance of laws: Chandrasekhar
"I think it has drawn the attention of fintech entrepreneurs, to...
CDSCO issues sampling guidelines to ensuring quality and efficacy of drugs cosmetics
This guidelines will be useful for effective surveillance for...
Next three weeks crucial to contain COVID-19: Harsh Vardhan
At a meeting held today, UTs advised augmenting hospital infrastructure, ramping up testing, creating containment zones and strictly enforcing COVID appropriate behaviour,” tweeted Dr Harsh Vardhan.
As more states opt for lockdown-like restrictions, PM says lockdown should be the “last resort”
”In the current situation, we need to save our country from a lockdown. I would also request states to use the lockdown as the last resort. We have to do our best to avoid a lockdown and our focus should rather be on micro-containment zones,” he said.
”If we all follow COVID-19 protocols, there’ll be no need to impose lockdowns,” Modi added, as he urged the people to reduce their movement and take vaccination.
LIC’s record new prm of Rs 1.84 trillion,Pvt life insurers’ new prm grows 16.30 % to Rs 94k in Fy 2020-21
During the fiscal 2020-21, LIC achieved first year premium income of Rs 56,406 crore under individual assurance business, a growth of 10.11 per cent over FY20.
The insurer’s pension and group schemes vertical also created a new record by clocking its highest ever new business premium income of Rs 1.27 lakh crore over a huge base of Rs 1.26 lakh crore in the previous year ended March 31, 2020.
23 private sector life insurer, led by SBI Life Insurance has mobilised a total new premium income of Rs 94,103, registering a y-o-y growth of 16.30 per cent during the reporting year.
Maharashtra CM may announce complete lockdown tomorrow to check Covid-19 surge
“All the cabinet ministers expressed views in favour of a strict lockdown to minimise the spread of COVID-19. Ministers come from all corners of the state, so it also indicates that the entire state needs this measure,” Tope said.
Cyclone Amphan of 2020 resulted in USD 14 bn economic losses in India UN report
The report also noted that India had one of its two wettest monsoon seasons since 1994, with nationally-averaged rainfall for June to September 9 per cent above the long-term average. Heavy rain, flooding and landslides also affected the surrounding countries.
More than 2 000 deaths were reported during the monsoon season in India, Pakistan, Nepal, Bangladesh, Afghanistan and Myanmar, including 145 deaths associated with flash flooding in Afghanistan in late August and 166 deaths associated with a landslide at a mine in Myanmar in early July following heavy rain.
India has opportunity to lead the world on climate change: Deloitte CEO
Indian companies, he noted, are increasingly stepping up to not only making commitments in their own footprint, what they do. Deloitte, for instance, he said, has made a commitment that it will be Net Zero by 2030.
India reports highest daily spike with over 2.73 lakh COVID-19 cases, 1,619 deaths
The death toll reached 1,78,769 with additional 1,619 fatalities. In the last 24 hours, as many as 1,44,178 people recovered from the virus. With this, the total number of recoveries reached 1,29,53,821 in India.
Irdai imposes Rs 51 lakh penalty on 4 insurers
In the order on SBI General Insurance Company, Irdai said the charge was that the the insurer did not comply with the MTP Obligation for the financial year 2017-18 calculated as per Regulation 3 of the Irdai (Obligation of Insurer in respect of Motor Third Party Insurance Business) Regulations, 2015.
Explain basis for approving insurance policies excluding mental illnesses from full coverage: HC to IRDA
The direction to the Insurance Regulatory and Development Authority of India (IRDAI) by the court came on a plea of a man whose claim for reimbursement of costs in the treatment of his mental illness was restricted to Rs 50,000 by the insurance provider – Max Bupa Health Insurance Company Ltd.
The court issued notice to IRDA and Max Bupa seeking their stand within two weeks, saying a large number of insured persons would be affected by such an insurance policy.
India may build new coal plants due to low cost despite climate change
a 28-page February draft of the National Electricity Policy (NEP) 2021 – which has not been made public – showed India may add new coal-fired capacity, though it recommended tighter technology standards to reduce pollution.