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Centre pushes financial inclusion with insurance, health schemes for all
Pankaj Chaudhary,Minister of State for Finance According to the...
GST Revamp: Tax on premium for Rs 5 lakh Health and Term life insurance may be slashed to 5% or even zero from 18%, sources say
Shares of insurance companies such as ICICI Prudential , SBI Life,...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
IRDAI appoints Liberty General Insurance as “Lead Insurer”(Non-Life) for Delhi
Liberty General Insurance has been appointed as the “Lead Insurer”(Non-Life) for Delhi by the IRDAI. This appointment is part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration with other insurers,...
Reliance General Insurance receives Rs 200 cr capital from its promoter
Rakesh Jain, CEO of Reliance General Insurance said, "With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions." Mumbai: Reliance General Insurance Company Ltd (RGICL), in a strategic...
Safety Standards: As e-bikes proliferate in US, so do deadly fires blamed on exploding lithium-ion batteries
"We have reached a point of crisis in New York City, with ion batteries now a top cause of fatal fires in New York.'' With some 65,000 e-bikes zipping through its streets — more than any other place in the U.S. — New York City is the epicenter of battery-related...
Weather tool used in India could help better predict floods in Sri Lanka: Study
Understanding the link between weather patterns and extreme rainfall is really important for helping Sri Lankan communities prepare and respond to deadly natural disasters and could ultimately save lives, the researchers said New Delhi: Applying weather forecasting...
Govt pats IRDAI for unveiling a slew of reforms in insurance industry
(L to R) Neerja Kapur, CMD, New India Assurance, Debasish Panda, chairman, IRDAI, Vivek Joshi,secretary, Department of Financial Services at NIA's 105th foundation day celebration in Mumbai on Friday ```The government is very supportive of the amendments and changes...
World Bank to provide assessment of damages due to Himachal floods
Himachala Chief Minister Sukhu said claimed rain-related damages have been estimated to be around Rs. 8,000 crore and added that restoration of roads, bridges, power, and water supply was the priority of the state government Punjab Agriculture Minister Gurmeet Singh...
Govt says 20 national waterways being developed for cargo, passenger movement
For the development of inland water transport in the country, 111 waterways -- including five existing and 106 new ones -- spread over 24 states have been declared national waterways under the National Waterways Act, 2016, Sonowal said New Delhi: The government is...
India has adequate and sufficient insurance coverage for nuclear incidents
Jitendra Singh,Union Minister of State (Independent Charge) Science & Technology The minister informed that without any insurance or financial securities, the nuclear operator cannot operate the nuclear facilities, and the operator is also mandated to renew the...
Par panel asks govt to design framework to deal with cyber crimes
Noting that current compensatory mechanism for victims of cybercrime in the financial sector has limited scope and coverage, the panel said financial institutions must play a supportive role as there is a fiduciary relationship between financial institutions and their...