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Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian...
From hotel cancellation to loss of baggage, Ahmedabad air crash victims opted for array of retail insurance
The incident has triggered retail claims under various insurance...
50 govt websites hacked, 8 data breaches in 2022-23 alone: IT Minister informs Rajya Sabha
" There have been attempts from time to time to launch cyber-attacks on Indian cyberspace from both outside and within the country. It has been observed that such attacks compromised computer systems located in different parts of the world and use masquerading...
Budget-23-24:Boosting Indian re/insurance sector
Leaders of the Indian insurance Industry have hailed the Budget-2023 as positive for the economy which will throw a lot of opportunities for the insurance industry Devesh Srivastava, CMD, GIC Re Finance Minister has delivered a holistic and futuristic Budget ensuring...
Budget gives boost to govt’s focus on Ayush integration in national health ecosystem: Ministry
Budget allocation to centrally-sponsored National Ayush Mission (NAM) also saw a 50 per cent increase from Rs 800 cores to Rs 1,200 crores for 2023-24 The NAM is focused on providing cost effective Ayush services with the universal access through up-gradation of Ayush...
Budget 2023-24: Health sector allocation sees 13 pc hike, mission to eliminate sickle cell anaemia announced
Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore in 2022-23 to Rs 29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it has been hiked from Rs 6,412 crore to...
Car sales kick-start year 2023 with top gear
Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. New Delhi: Car sales in 2023 got off to a good start with auto majors such as Maruti Suzuki, Tata...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
Budget- 2023-24: Infrastructure development capex hiked by 33 pc to Rs 10 lakh crore for 2023-24
Union Finance Minister Nirmala Sitharaman An expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal New Delhi:Finance Minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure...
47.8 cr Jan Dhan accounts opened: FM
Pradhan Mantri Jan Dhan Yojana (PMJDY) is the national mission for financial inclusion to ensure access to financial services -- savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. New Delhi: As many as 47.8 crore Jan Dhan...
Sebi asks Digit insurance again to refile papers for its $440 million IPO
It is the second such setback for Digit’s listing ambitions. In a Jan. 30 letter issued by the Securities and Exchange Board of India (SEBI) seen by Reuters, the regulator said it was returning Digit’s IPO papers because the company did not comply with regulations by...
CR Vijayan takes over as acting secretary general of GI Council
C R Vijayan,acting secretary general, General Insurance Council, Though Inderjeet Singh, director and general manager, GIC Re has already been appointed as the secretary general of the GI Council in January first week, is yet to join as his application for...