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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...
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...
With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion
The approved amount will be infused in instalments, thereby increasing the capacity to underwrite risks up to Rs 88,000 crore and this will enable ECGC to issue covers that can support additional exports of Rs 5.28 lakh crore over the five-year period, said M Senthilnathan,its Chairman and Managing Director .
Govt ready with the blueprint to manage disasters in India: Amit Shah
Now, the government has also prepared a plan to integrate all the agencies and departments, even the smallest of the units. Whether it is a small village or a big metro city or a remote district, or a coastal city, every place has a plan ready to respond to the disaster.
The change in approach has yielded very good results, the 1999 cyclone alone killed 10,000 people and this year there have been three cyclones but the death toll is not more than 50.
Cabinet approves listing of ECGC, capital inusion of Rs 4,400 cr
The government will inject Rs 4,400 crore in the ECGC over a period of five years beginning 2021-22, said Commerce Minister Piyush Goyal told reporters after the Cabinet meeting.
He also said Rs 500 crore infusion will be done immediately. The listing of ECGC is likely to happen next year.
75 per cent COVID-19 patients were overcharged by hospitals: survey
Though the Maharashtra government had announced that the rates of treatment of COVID-19 at private hospitals will be regulated, the official instructions were not heeded, he said.
Suspension of scheduled int’l passenger flights extended till Oct 31
“However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation added.
Scheduled international passenger services have been suspended in India since March 23, 2020 due to the coronavirus pandemic.
LIC seeks to appoint CFO before its mega IPO planned in 2021/22
LIC is currently under going a valuation exercise for an IPO that could be India’s biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.
DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
The government aims to come out with the IPO and subsequent listing of LIC on the bourses in the January-March quarter of 2022. The government is also mulling allowing foreign investors to pick up stakes in country’s largest insurer LIC.
UP govt to raise retirement age of doctors to 70 years
“After retirement, doctors open their private clinics, but it will be better that they give their services to us. Keeping this in view, we have prepared the proposal. Yogi Adityanath has also given his consent on this and soon it will be approved by the cabinet,” he said.
Country needs at least 600 medical colleges, 50 AIIMS-like institutions, says Gadkari
”The public-private investment model in the road and infrastructure development sector can be replicated in health care and education sectors. The country needs a minimum of 600 medical colleges, 50 AIIMS-like institutions, and 200 super-specialty hospitals. The government is also thinking of providing help to those social organizations that work in the medical and education sectors,” Gadkari said.
He also stressed the need to have at least one veterinary hospital in every tehsil.
Govt launches Rs 7,270 cr scheme for road safety in 14 states
An Integrated Road Accident Database (IRAD) will be rolled out in all states by 2022-23 and applied for identifying and rectifying all black spots on state highways and major district roads.
Road safety audit will be made mandatory on state highways and urban roads by the end of the scheme period.