The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
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Govt appoints Fin Secy Tuhin K Pandey as new Sebi chief for 3 yrs
Tuhin Kanta Pandey, Chairman, Sebi IRDAI chief Debasish Panda will...
Delhi HC asks probe agencies to exercise caution over blanket freezing of bank accounts
While an investigating agency was fully empowered to conduct an...
Bank fraud declines to Rs 3,785 crore in FY22: Bhagwat Karad
As per the RBI data, frauds involving the amount of Rs 11,800 crore were detected in 2020-2021, the Minister of State for Finance said in a written reply to the Lok Sabha New Delhi: The amount involved in frauds reported by banks and select financial institutions...
London as financial hub struggles to find its way in Brexit Britain
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
Ship insurers sail into unknown with Ukraine grain risks after deal reached
"There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed," Neil Roberts, head of marine and aviation with the Lloyd's Market Association, told Reuters. A number of...
African swine fever reported in two Kerala farms
The disease was confirmed among pigs of two farms in the district after the samples were tested at the National Institute of High Security Animal Diseases in Bhopal "Now the test result has confirmed the infection. Directions have been issued to cull 300 pigs of the...
34 pc of coastline under varying degrees of erosion for past 28 years: Govt
"Indian National Centre for Ocean Information Services (INCOIS) has not estimated the percentage of loss specifically due to coastal erosion, however, INCOIS has estimated Coastal Vulnerability Index (CVI) for the Indian coastline, which is a cumulative impact of...
Govt shortlists 7 GMs for selecting CMDs of New India and AIC
The general managers who have been shortlisted are- M Rajeswari Singh, Agriculture Insurance Company(AIC), BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch, Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance...
Most major nations lag in acting on climate-fighting goals: Scientists
The tracker describes as insufficient the policies and actions of the world's top two carbon polluters, China and the U.S., as well as Japan, Saudi Arabia and Indonesia. It calls Russia and South Korea's polices highly insufficient, and Iran comes in as critically...
Jan Aushadhi Kendras helped citizens save Rs 5,300 cr in FY22: Govt
As of June 30, 2022, about 8,742 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) have been opened across the country under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) New Delhi: Sales of Jan Aushadhi Kendras stood at Rs 893.56 crore in the last...
Foreign insurers in Malaysia given 2023 cutoff to reduce stakes in their local ventures
AIA Group Ltd., Prudential Plc, Tokio Marine Holdings Inc. and Zurich Insurance Group AG are among the international insurers with ventures in the Southeast Asian nation Overseas insurance companies were allowed to hold a maximum 70% in local firms, but it was mostly...
EPFO likely to enhance investment limit in equities to 20 per cent
The proposal to revise the limit to 20 percent has been vetted and approved by the Employees' Provident Fund Organisation's (EPFO) advisory body Finance Audit and Investment Committee (FAIC) New Delhi: Retirement fund body EPFO is likely to approve this month a...