Effectively, for the PSU insurance industry , such a stand by the...
Category:
Indian News
Latest
Allianz Partners becomes the first foreign reinsurer to setup operations in GIFT City
With its headquarter in Paris, globally, Allianz Partners is an...
Delhi HC to examine Google’s advertising terms for legal remedies in India
Justice Pratibha M. Singh was hearing a plea filed by Startupwala...
India’s COVID-19 tally climbs to 13,85,522,death toll rises to 32,063
“The way we have fought coronavirus is really appreciable. Our fatality rate is much less than most other countries. We were able to save the lives of lakhs of people, but we have to remember that the coronavirus is still as dangerous as it was in the beginning, said Prime Minister Narendra Modi on Sunday. in his monthly radio programme called ‘Mann Ki Baat’.The COVID-19 death toll in the country rose to 32,063 with 705 fatalities being recorded in?a day, the data updated at 8 am showedThere are 4,67,882?active cases of coronavirus infection presently in the country.Thus, around 63.92 per cent people have recovered so far
Debt MFs inflow at Rs 1.1 trn in June qtr, liquid schemes account for 80%
As per the data, inflows into debt mutual funds were at Rs 1.1 trillion in the three months ended June, compared to outflows of Rs 1.13 trillion in the January-March quarter.
Investment into such funds was at Rs 19,690 crore during the quarter ended June 2019.
Nearly 80 per cent of the total inflows during the quarter under review in the fixed-income segment came through liquid funds, where most of the institutional money is parked.
Govt amends certain Indian Accounting Standards amid Covid-19 pandemic
Leading consultancy EY India’s Partner and National Leader (Financial Accounting Advisory Services) Sandip Khetan said the amendment was keenly awaited by Indian companies who were gearing up for their quarterly results.
Soon,these 10 intel agencies will have access to your PAN,bank details
The “furnishing and receiving of information to and from” these central agencies will be done through the National Intelligence Grid (NATGRID), a robust mechanism envisaged to track suspects and prevent terrorist attacks with real-time data and access to classified information like immigration, banking, individual taxpayers, air and train travels.
COVID-19 Pandemic:India tally crosses 13 lakh with 48,916 fresh cases;death toll now 31,358
With 48,916 fresh cases, the country’s coronavirus infection tally surged to 13,36,861, while the death toll rose to 31,358 with 757 more people succumbing to the disease in the last 24 hours, data updated by the ministry at 8 am showed.
This is the third consecutive day when COVID-19 cases increased by more than 45,000.
There are currently 4,56,071 active cases of COVID-19 in the country.Thus, around 63.54 percent people have recovered so far.
11 investment bankers in the fray to manage LIC’s mega IPO
These entities include Axis Capital, Citigroup Global Markets, CLSA, Credit Suisse Securities, Deloitte India, Edelweiss Financial Services, IDFC Securities, IIFL Securities, JM Financial, SBI Capital Markets and YES Securities.
LIC’s IPO is expected to be the largest in the domestic capital markets and time line for the IPO is not yet known though Finance Minister Nirmala Sitharaman in her 2020-21 budget speech had announced that the proposed IPO which would contribute majorly in this financial year’s ambitious Rs 2.1-trillion disinvestment target
Won’t lift lockdown just to address economic concerns:Maha CM Thackeray
“Many people are opposing lockdown. They say that lockdown is affecting the economy. To such people, I would say that I am ready to lift the lockdown, but if people die due to it, would you take the responsibility?…Even we are concerned about the economy,” Maharashtra Chief Minister Uddhav Thackeray said.
On the restarting of the suburban railway network in Mumbai, he said, “What if families fall ill and their houses are sealed? Therefore, everything would be done step-by-step.”
Nurses dealing with non-COVID patients cannot be covered under Centre”s insurance scheme:Delhi HC
“If more persons have to be included, budget of the scheme will be affected. Therefore, it is a policy decision to be taken by the respondent (Centre) whether to include other nurses or not,” the Delhi HC said, adding that “this court will be slow to interfere with a policy decision”.
Commercial vehicle sales may fall by 30% in the current year
“Demand revival could be hastened in case of implementation of long due scrappage policy, reduction in GST rates from the current 28 per cent along with substantial economic measures including government’s push towards additional infrastructure projects,” the report said.
Copious monsoon rains spur summer crop sowing in India
India has received 6% above average rainfall since June 1.
The weather office defines average, or normal, rainfall as between 96% and 104% of a 50-year average of 88 cm for the entire four-month season.
Water levels in main reservoirs were at 39% of their storage capacity, against 25% at the same time last year.