As many as 26,28,865 companies were registered in the country as on...
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FM Sitharaman stresses on compliance of norms at meet with fintech heads
While the government has made it clear that there can be no...
Aegon Life acquired by Bandhan Financial Holdings
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s...
LIC’s P&GS vertical clocks Rs1,26,749 cr of prm in FY2019–20,settles 2.03cr maturity and money back claims & annuities
The corporation collected single premium of Rs 21,967 crores and non single premium of Rs 29,260 crores , the ratio being 42.88 for single premium and 57.12 for non single premium.
HDFC Life Insurance net profit falls by 14.5% in March quater
Vibha Padalkar, MD & CEO, HDFC Life said, “We continue to deliver growth higher than industry and register steady performance across all key metrics. We believe that insurance remains a multi-decade opportunity with significant potential.”
Padalkarsaid the insurer had an impact of Rs 1,100 crore in premium collection (new business and renewal) in the last 15 days of March 2020 to Coronavirus-related lockdown. Of this, Rs 400-500 crore impact was on the first year premium.
COVID-19 death toll rises to 824, cases climb to 26,496: Health Ministry
The death toll increased by 45 and the number of cases has gone up by 1,554 since the ministry last updated its data on Saturday evening,
Prime Minister Narendra Modi exhorted people to shun complacency on the assumption that the pandemic will not affect them as it has so far not spread to areas they work or live in, saying “we have to continue being careful and taking the right precautions”. Addressing his monthly ‘Mann ki Baat’ programme, he also said that India’s fight against the novel coronavirus has become people-driven wherein every citizen is playing his or her part
‘No move to reduce retirement age of govt employees’: MoS Jitendra Singh
Earlier, the Union Finance Ministry decided to not roll out any increment in the dearness allowance (DA) for its 1.13 crore government employees and pensioners’ at current levels in view of the coronavirus crisis which has put the economy under stress. The hold on DA hike will remain till July 2021.
Health secy Sudan gets 3-month extension, Tarun Bajaj appointed DEA Secretary
Tarun Bajaj, Additional Secretary in the Prime Minister’s Office, will be the new Department of Economic Affairs Secretary.A few years back,Bajaj was joint secretary, Insurance, Ministry of Finance.
Union Bank plans to lower stake in IndiaFirst Life to less than 10%
“We will continue the process started by erstwhile Andhra Bank to divest the stake to bring it below 10 per cent,” Union Bank of India Managing Director and Chief Executive Officer Rajkiran Rai G told PTI.
Indian govt brushes off Indian tax officers’ proposal for coronavirus tax on super rich
Finance Ministry sources said that neither IRS Association nor any group of officers mentioned in report were ever asked by the government to give any report on the subject. It was not part of their duty to prepare such a report and taking personal views to the media constituted an act of indiscipline, the sources said.
The report, dated April 23, said that “In times like these, the so called ‘super rich’ have a higher obligation towards ensuring the larger public good”. It also suggested a surcharge for foreign companies with a permanent establishment in India.
Helicopter damage: SC sets aside order asking insurance firm to pay compensation
The insurance firm had repudiated the state’s claim on the ground that loss that occurred to helicopter was after the duration of policy had ended as mentioned in one of the clause of Institute Cargo Clauses (ICC).
COVID-19 death toll rises to 775, cases climb to 24,506, Govt allows all local shops to open
Meanwhile,in a reprieve to public at large, the government on Friday night allowed opening of neighbourhood and standalone shops, including those located in residential complexes within municipal areas, but at a 50 per cent strength and after taking necessary precautions.
Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA
“Overall, we estimate that the present 90 per cent collapse in air traffic puts around 6.7 million jobs at risk and could lead to a negative GDP impact of 452 billion dollars across Europe. This equates to an additional 1.1 million jobs and 74 billion dollars in GDP over the March estimates of 5.6 million jobs and 378 billion dollars,” said the latest IATA analysis.