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Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity
``With a robust solvency ratio of 2.94 , we remain bullish and will...
LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas
Climate activist Sonam Wangchuk said, "While industries exploit the...
Govt choses Edelweiss Financial Services and Deloitte as LIC’s pre-IPO transaction advisors
On June 19, the central government had kickstarted the process of partial divestment of stake in LIC with the finance ministry inviting bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer (IPO), that will be largest in the country..
Covid-19 fatality rate declining progressively, total recoveries 9.88 lakh:Health Ministry
“Not only has the CFR been kept low, but successful implementation of effective containment strategy, aggressive testing and standardised clinical management protocols based on a holistic standard of care approach have in tandem resulted in a consistent trend of more than 30,000 recoveries per day for the sixth consecutive day,” the health ministry said.
LIC’s total premium rises by 13% to Rs 3,79 trillion,assets at Rs 31.96 trillion in 2019-20
The corporation has now managed to overcome the negative trends in its performance in the post lockdown period in the current fiscal..
According to the LIC’s officials except in the categry of sales of policies,the corporation has already swung into positive zone in its new premium income and renewals in Jukly .
The LIC’s 90 per cent of offices allover the country are working today.
India’s COVID-19 tally climbs to 14,83,156, recoveries climb to 9,52,7
Of the 654 deaths reported, 227 are from Maharashtra, 77 from Tamil Nadu, 75 from Karnataka, 49 from Andhra Pradesh, 39 from West Bengal, 30 from Uttar Pradesh, 26 from Delhi, 22 from Gujarat, 17 from Telangana, 12 from Punjab, and 10 from Rajasthan.
Floods,coronavirus hobble two of India’s poorest states
The floods in Assam, where at least nine one-horned rhinos have drowned in an inundated national park, have so far affected 5.7 million people, more than 45,000 of whom are still sheltered in makeshift relief centres.
In Bihar, floods have stranded more than 2.4 million people, with around 12,800 staying in government shelters, complicating efforts by officials to enforce social distancing measures to halt the spread of the novel coronavirus in the state.
India’s COVID-19 tally crosses 14-lakh mark with record single-day spike of 49,931 cases
The country’s death toll rose to 32,771 with 708 fatalities being recorded in a day, the data updated at 8 am showed
Government launches ‘Mausam’ app for weather forecasts
It will provide current weather information, including temperature, humidity, wind speed and direction, for 200 cities. The information will be updated eight times a day.
The app will provide weather forecast for the next seven days for around 450 cities in India. Weather information of the past 24 hours will also be available on the app.
Majority consider health insurance cover as a necessity in post-COVID era,says survey
“COVID-19 has brought a paradigm shift in people’s mindset. Coronavirus has led to an increased awareness amongst people about the importance and benefits of health insurance during a pandemic situation like COVID-19. There has been a remarkable shift in the mindset of people before and after COVID-19, as earlier only 10 percent people were interested in purchasing,” as per the survey done by the private sector health insurer.
About 84,545 bank fraud cases reported during 2019-2020, says RBI,in reply to RTI
it may be noted that total number of frauds reported to have been committed by staff, as reported by Scheduled commercial banks and Select FIs during FY 2019-20 is 2,668 and amount involved therein is Rs 1,783.22 cr,” the central bank said.
Due to ‘right decisions taken at right time’ India better placed in COVID-19 fight: PM Modi
Prime Minister Modi said it was imperative for the country to develop corona-specific health infrastructure at a fast pace and pointed out that this was the reason that the Centre had announced a package of Rs 15,000 crore at the beginning of the COVID-19 battle