Devi Prasad Shetty, Founder and Chairman of Narayana Health This...
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Banks asked to check mis-selling of insurance products, safeguard account holders’ interest: DFS Secy
Vivek Joshi ,Financial Services Secretary Banks have been...
Election Commission to use two laws counter-narrative to curb misinformation during Lok Sabha polls
"Tackling misinformation in today's digital age is complex. We have...
Govt working on one-stop platform for all official data,says Statistics Minister
The theme for Statistics Day, 2020 covers (Sustainable Development Goal) – SDG 3 (Ensure healthy lives and promote well-being for all at all ages) and SDG 5 (Achieve Gender equality and empower all women and girls).
Security beefed up near Taj Mahal Palace, Hotel Colaba After bomb threat from Pakistan
The official told that Mumbai police are on high alert after Monday’s Karachi exchange terror attack and as part of the enhanced anti-terror measures, security outside the hotel and other vital installations has been increased.
PM Modi extends free ration scheme for poor till November amid COVID-19 crisis
On the extension of the PMGKAY, he said it will cost the government Rs 90,000 crore more.Under the scheme, five kgs of wheat or rice and one kg of pulses per month will be given free of cost to the poor.
The scheme was initially rolled out for three months.
The government will spend a total of Rs 1.5 lakh crore on the scheme.
Covid-19 Pandemic:Tally rises to 5,66,840, general and health insurers receive 28,000 claims for Rs 445 crore
With 18,522 people testing positive for coronavirus in a single day, India’s COVID-19 tally climbed to 5,66,840 on Tuesday while the death toll rose to 16,893 with 418 new fatalities, according to the Union Health Ministry data.
Recording nearly 4,000 cases in the last 24 hours, Tamil Nadu has surpassed Delhi to regain the second spot among the list of worst-hit states by the pandemic, while Karnataka also recorded more than 1,100 overtaking Haryana and Andhra Pradesh.
IRDA likely to implement new Indian Accounting Standard in the insurance sector soon
In its recent board meeting the IRDA discussed, the status of implementation of the Ind AS in the insurance sector in India and had taken the following decisions on the matter of Ind AS.
-approval of implementation of Ind AS 109 and IFRS 17 equivalent in India simultaneously,along with other applicable Ind AS,
– re-visit existing regulations on preparation of financial statements,
– direct the insurers to discontinue submission of proforma Ind AS financial statements being filed effective quarter ending 31st December, 2016 and
-to decide on the date for implementation of all applicable Ind ASs after the finalization of IFRS 17 by IASB which is expected during mid 2020.
New India Assurance turns profitable in Q4 FY 2019-20,records a net profit of Rs 113 crore
The largest general insurer in the country has improved its combined ratio(CR) from 130.13 per cent in Q4 FY 2019-20 to 116.21 per cent during the reporting period,
The company’s underwriting losses,at Rs1,073 crore,has fallen by 42 per cent y-o-y in Q4 FY 2019-20.The incurred claim ratio(ICR) of the company has also improved to 90.97 in Q4 FY 2019-20 from 93.12 per cent in the year ago period.
The NIA’s expense management ratio has fallen from 30.19 per cent in Q4 2019-20 to 22.19 per cent in Q4 2019-20.
Floods in India’s Assam force a million from their homes
Torrential rain hit at least 23 of Assam’s 33 districts and the federal water resources body said water levels in the Brahmaputra were expected to rise, with more rain forecast over the next three days.Assam, famous for its tea plantations, is hit by seasonal flooding each year, forcing state and federal governments to spend millions of rupees on flood control
India bans 59 apps including TikTok,WeChat on security concerns
The Indian Cyber Crime Coordination Centre, Ministry of Home Affairs, has also sent an exhaustive recommendation for blocking these malicious apps, the statement said, adding that there has been a strong chorus in the public space to take strict action against apps that harm India”s sovereignty as well as the privacy of citizens.
Unlock 2: Schools,cinemas to remain shut;domestic flight, train services to be expanded
Single-day spike of 19,459 COVID-19 cases takes India’s tally to 5,48,318
The number of active cases stands at 2,10,120, while 3,21,722 people have recovered, and one patient has migrated, according to the updated data
“Thus, around 58.67 per cent of patients have recovered so far,” an official said