(L toR) M P Tangirala, additional secretary, Department of of...
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Sept 9 GST council meet to discuss rationalisation of tax , final decision later: FM
Nirmala Sitharaman,Finance Minister "The upcoming GST Council...
Pradhan Mantri Jan Dhan Yojana@10: World’s Largest Financial Inclusion Mission
PMJDY, the world’s largest successful mission has already crossed...
HDFC Life announces a bonus of Rs 2180 cr for its 15.49 lakh participating plans in FY 2021
15.49 lakh policyholders of HDFC Life Insurance are eligible for this bonus. ICICI Prudential Life Insurance declared its highest-ever annual bonus of Rs 867 crore for the policyholders for FY21.
Bajaj Allianz Life, has declared bonuses amounting to Rs. 1,156 crore to its policyholders. This includes a special one-time bonus of Rs. 315 crores, which is over and above the regular bonus.
Moody’s cuts India growth forecast for 2021 to 9.6 pc
“Mobility and economic activity will likely accelerate in the second half of the year as the pace of vaccinations pick up. The government recently announced a strategy to centralise vaccine procurement in order to boost vaccinations, which if successful, will support the economic recovery,” it added.
Men took bigger jobs hit in pandemic across euro zone: ECB study
Men accounted for more than 60% of the jobs losses last year, while in terms of hours worked they suffered more than two-thirds of the overall drop, the ECB said in an Economic Bulletin article.
With women heavily represented in the leisure and hospitality sector, some economists and even ECB officials warned that women were at risk of losing more, but the study suggests that women found new work more easily then men.
9 months after lockdowns, US births see biggest decline since 1973
Coupled with the more than half a million Americans who have died from Covid-19, the drop in births will have long-term consequences for the population growth.
Italy’s Generali agrees to buy Axa’s insurance assets in Malaysia
Italy’s top insurer will buy the majority stakes that France’s Axa holds in two local joint-ventures with Malaysia’s Affin Bank, Generali said in a statement.The total consideration for the combined deals is around 262 million euros ($312 million), Generali said.
European Insurers’ Body warn about market access barriers in India, Argentina, Brazil, Indonesia and Canada
Removing these barriers is vital to reduce protection gaps and to avoid dangerous concentrations of risk in these jurisdictions. Furthermore, to avoid a build-up of climate-related risks in any one jurisdiction and to facilitate the sharing of natural catastrophe risk across (re)insurance markets, it is more important than ever that discriminatory barriers to trade and market access be removed.
UK remains Europe’s most attractive destination for financial services investment, gap with France narrows:EY
According to global investors surveyed, the top three drivers of UK growth in the coming years are the digital economy (top with 54% stating this), real estate (second with 42%), and financial services (third with 33%). Healthcare and wellbeing came fourth with 29%.At a city level, London continues to be seen as Europe’s most attractive destination for financial services FDI (backed by 44% of respondents) followed by Stockholm (19%) and Amsterdam (17%).
Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life
“In the short-term, the profitability of the insurance industry is expected to be an area of concern given the increase in mortality and morbidity rates induced by the pandemic. Even more than a year after the pandemic first struck, there continues to be significant uncertainty regarding its absolute impact on mortality and morbidity experience,” the insurer said.
India spent Rs 2,386 cr in 2020 on oral cancer treatment: Study
‘India’s cancer scenario is burdened with oral cavity cancer being the most common among men. In fact, India accounted for almost a third of the global incidence in 2020.”
Dr R.A. Badwe, Director, Tata Memorial Center said, “As per the GLOBOCAN statistics, the rate of new cases being diagnosed has increased by a staggering 68 per cent in the past two decades alone, making it a real public health crisis.
“To add to this, accessibility to health services is low, which coupled with poor health literacy results in a majority of cases presenting with advanced stage disease that is often difficult to treat.”
Too early to decide on Covid-19 booster shots:WHO
“We do not have the information that’s necessary to make the recommendation on whether or not a booster will be needed,” Soumya Swaminathan, the World Health Organization’s chief scientist, said in a Zoom interview Friday. The “science is still evolving.”