Finance Minister Nirmala Sitharaman chairs a meet of group of...
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GST Revamp: Inverted duty structure is a key concern for insurers
Rakesh Jain, CEO, Reliance General Insurance A key concern is the...
Govt has rescue-centric approach to handle disasters: Amit Shah
Amit Shah, Union Home Minister ``As a result of the efforts of the...
Accidental death case: Delhi court dismisses petition after noting implication of wrong school bus
“Even after knowing the fact that the wrong bus number has been mentioned in the petition, counsel for the petitioners continued to proceed with the matter and dragged the respondents intentionally for two years. Therefore, in view of the above submissions, this...
Odisha triple train tragedy: Govt asks insurers to report data on policyholders and claim payments
The department of financial services(DFS) has asked the General Insurance Council, the official representative body of general insurers, and Life Insurance Council, the official representative life insurers, to collect data from their members about their exposures to...
After text messages on phone, extreme weather alerts on TV, radio soon
The National Disaster Management Authority had conceived the “Common Alerting Protocol Based Integrated Alert System” to bring together the alert generating agencies, including the India Meteorological Department, Central Water Commission, Indian National Centre for...
Maha: Tribunal awards Rs 47 lakh compensation to family of Thane man who died in road accident
The tribunal ordered the travel agency as well as the insurance company - the New India Assurance Co Ltd - to pay a compensation of Rs 33,30,000 and also awarded Rs 13,32,000 towards future prospects (total Rs 46,62,000). Besides, it directed them to pay a total of Rs...
Odisha triple train crash: Death toll climbs to 288, around 900 injured
While it is not clear what caused the crash, sources indicate a possible signalling failure. Several coaches of the 12864 Bengaluru-Howrah Superfast Express, on the way to Howrah, derailed and fell on adjacent tracks, an official said “The rescue operation has been...
Odisha train accident: PM Modi announces ex-gratia of Rs 2 lakh for next of kin of deceased
At least 50 people were killed and more than 350 injured in a horrific triple train crash on Friday in Odisha's Balasore district involving the Bengaluru-Howrah Superfast Express, the Shalimar-Chennai Central Coromandel Express and a goods train New Delhi: Expressing...
May auto sales on growth track riding on demand for SUVs
Market leader Maruti Suzuki India (MSI) reported a 15 per cent rise in total domestic passenger vehicle sales at 1,43,708 units as compared with 1,24,474 units in the same month last year New Delhi: Automakers, led by Maruti Suzuki India, Hyundai, Mahindra &...
New Zealand offers to buy out owners of homes damaged by Cyclone
Together with local councils, the government will offer to buy as many as 700 residential properties across the North Island that were damaged by Cyclone Gabrielle and heavy flooding earlier this year, Finance Minister Grant Robertson said Thursday in Wellington. It...
Shareholders to take call on listing: Future Generali India MD
India continues to be most attractive market for insurance players and premium for general insurance segment is expected to grow at 20 per cent in the next few years, said Anup Rau,Future Generali India Insurance(FGII) managing director Mumbai: Future Generali India...
IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion
There can be Corporate Bima Vahak, who are legal person registered in accordance with the respective laws of India and can be engaged by an insurer and Individual Bima Vahak, who can be individuals either appointed by an insurer or appointed by a Corporate Bima Vahak...