Sitharaman described the gathering of all major PSU banks and...
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Universal Coverage:Rebuilding India’s Health Insurance Architecture
Health insurance sector itself is facing headwinds with 12-15%...
Govt plans to extend tax holiday to 15 yrs on profits earned by aircraft leasing firms in GIFT City
Plane leasing companies housed at Gujarat International Finance...
14 lakh Ayushman Vay Vandana cards created for elderly above 70 in a month: Centre
The estimated expenditure for the AB-PMJAY scheme for senior citizens above 70 years is Rs 3,437 crore. Of this, Rs 2,165 crore in the central share expenditure is likely to be incurred during the Financial Year 2024-25 and 2025-26, the Ministry said. New Delhi: About...
Fair price of vehicles to be scrapped will be decided by market forces, no govt intervention: Nitin Gadkari
Nitin Gadkari, Union Minister for Road Transport and Highways To ease the economic burden on citizens, especially low-income groups, incentives are provided for scrapping vehicles. These include waiving registration fees for new vehicles purchased with a "Certificate...
Govt seeks to overhaul Indian insurance sector with extensive reforms measures
Insurers to be allowed to do certain other business, in addition to insurance business, enabling additional stream of revenue for insurers - like carrying of guarantee or indemnity business, managing and selling property possessed by company in satisfaction of claims,...
Welfare pension fraud: Luxury car owners, affluent individuals found on beneficiary lists in Kerala
This revelation comes amidst widespread outrage in Kerala following reports that nearly 1,500 government employees, including gazetted officers and college professors, had fraudulently claimed social security pensions Thiruvananthapuram: An audit conducted by the...
Social media ban for children under 16 becomes law in Australia
The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts Canberra: With bipartisan...
Finmin proposes to raise FDI in insurance to 100%, seeks public comments by December 10
According to an office memorandum dated November 26, 2024, it is proposed to amend certain provisions of insurance laws to ensure accessibility and affordability of insurance to citizens, foster expansion and development of the insurance industry, and streamline...
DFS secy asks 4 PSU general insurers to bring down their underwriting losses and guard market share
M Nagaraju, after becoming the DFS secretary, held his first review meeting with the four state owned general insurance companies in New Delhi on Tuesday New Delhi: M. Nagaraju, secretary, Department of Financial Services (DFS), has asked the four state owned general...
Railways paid only 22 claims under Optional Travel Insurance Scheme in five years
Responding to questions regarding the number of victims who had availed of insurance through e-tickets, Railways Minister Ashwini Vaishnaw said 22 claims were registered under the Optional Travel Insurance Scheme during the period from November 1, 2019, to October 31,...
HC seeks Delhi govt’s stand on PIL to implement AB-PMJAY in city
A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela said it was "strange" that the Delhi government was not accepting Centre's aid when there was "no money" with it for its healthcare system New Delhi: The Delhi High Court on Wednesday expressed shock over...
LIC explores picking up stakes in Manipal Cigna Health Insurance
According to sources in the insurance industry, LIC’s choice of Manipal Cigna is purely on the basis of cheaper valuation among the old stand alone health insurance companies New Delhi: Life insurance behemoth Life Insurance Corporation (LIC) is considering...