Nirmala Sitharaman,Finance Minister GST, which was rolled out on...
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Wipro, Microsoft to launch GenAI-powered assistants for financial services
“This new solution set, powered by Microsoft, will help provide...
Indian space regulator In-Space releases guidelines to implement space policy
It also outlines the process for registering space objects in...
Private sector must focus on PPP to develop modern healthcare facilities in rural area:Venkaiah Naidu
The National Digital Health Mission has the potential to unlock ₹1.5 trillion in incremental value for India’s healthcare industry in about 10 years, said a joint publication by Boston Consulting Group (BCG) and FICCI titled “Leapfrogging to a Digital Healthcare System: Reimaging Healthcare for Every Indian”
Federation of LIC Class-I Officers’ Associations rejects 15 % wage hike offer by the Corporation
MR Kumar, chairman, LIC pointed out that the corporation has done extremely well even in the most trying situations. He said that, he is happy as the LIC had regained some of the lost market share and is leading the Indian insurance market with over 71 per cent market share. The LIC chief said that, the COVID 19 pandemic had thrown up new challenges and businesses have to attune themselves to new technologies.
India’s coronavirus infections rise to 6.31 million
Deaths from coronavirus infections rose by 1,181 to 98,678, the ministry said.Reported active COVID-19 cases in India now stand at 9,40,705. As many as 52,73,201 COVID-19 patients have been cured and discharged so far, the Union Health Ministry has said in its latest update.
Single-day COVID-19 cases in India below 75,000, recovery rate rises to 83.01 pc
There are 9,47,576 active cases in the country which comprise 15.42 per cent of the total caseload, the data stated.
The COVID-19 case fatality rate was recorded at 1.57 per cent.
Govt may sell 25% stake in LIC in phases
As part of the proposal, the government will also move an amendment in parliament for an authorized capital of Rs 20,000 cr which will be divided into 20 billion shares, the people said.
A ministerial panel set up for asset sales will decide on the size of the public offering while the cabinet will consider changes to capital structure of the insurer, the people said. Taking the insurer public will help instill “discipline” and unlock value, Finance Minister Nirmala Sitharaman had said in her budget speech in February, without providing details or the time line for the sale.
National Insurance incurs a loss of Rs 4100 cr in 2019-20, govt infuses Rs 1675 cr as additional capital
“Despite the recurring losses, I assure you that the company is not facing any liquidity crunch and all payments towards claimants, Vendors and employees are being released on time, Austerity measures have been introduced to curb wasteful expenditure and exercise for restructuring of offices is on way to make each of the operating units viable. Growth of business as per targets given with emphasis on profitable segments.” said Tajinder Mukherjee,CMD, NIC.
India’s coronavirus infections surge to 6.23 million
BENGALURU India’s coronavirus case tally surged to 6.23 million after it reported 80,472 new infections in the last 24 hours, data from the health ministry showed on Wednesday. Deaths from coronavirus infections rose by 1,179 in the last 24 hours to...
COVID tally crosses 60 lakh; 1,039 more deaths
The total coronavirus cases mounted to 60,74,702, while 50,16,520 people have recuperated from the virus, taking the recovery rate to 82.58 per cent. The case fatality rate declined to 1.57 per cent, it said.
About 50% term policy buyers opt cover of Rs 1 cr or more during Apr-Aug: Policybazaar
“For the age group 42-50, we witnessed the highest year-on-year increase in term insurance buying i.e. 77 per cent and for year 2020 the age group 31-35 holds the largest share in terms of policies bought i.e. 30 per cent,” the firm said basis its data.
It further said in the High Net Individual (HNI) segment, more than 80 per cent customers went for the cover of Rs 1 crore and above, out of which 25 per cent invested in the cover bracket of Rs 2 to Rs 5 crore.
AXA XL in India to plant 30,000 trees and create a Biodiversity Park in Delhi
Delhi has a significant issue with air pollution and unsanitary water and this initiative will help to keep ecosystems healthy, creating a protected space where nature can thrive,” says Derek Nazareth, Head of Global Operations and Country Head, AXA XL in India.
A healthy biodiversity helps to breakdown and absorb pollution and provide resilience to climate change.
Additionally, a healthy biodiversity helps with the management of ground water levels, preventing flash flooding and enriches the quality of the soil.