Shaktikant Das,Governor,Reserve Bank of India Annual retail...
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Investors’ wealth erodes by Rs 8.9 lakh cr as Sensex tumbles for sixth straight day
Foreign Institutional Investors (FIIs) offloaded equities worth Rs...
Junk your old car and get 5% rebate from automakers on new buy: Gadkari
“There are four major components of the policy…Apart from rebate, there are provisions of green taxes and other levies on old polluting vehicles. These will be required to undergo mandatory fitness and pollution tests in automated facilities. For this automated fitness centres would be required through out in the country and we are working in that direction,” Gadkari said.
Automated fitness tests will be set up under public private partnership (PPP) mode while the government will assist private partners and state governments for scrapping centres, he said.
Govt to increase number of Janaushadhi Kendras to 10,000 by 2024: Union Health Minister
”In the next six years (up to 2020) the number of outlets has grown to 7,300. Every district of the country has been covered. Today, on March 7, 2021, we have started the 7500th Kendra. We are committed to increasing the number of stores to 10,000 by 2024,” he was quoted as saying in the statement.
Generali CEO says insurers can’t handle pandemic risk alone
“When the risk becomes systemic it is no longer insurable and obviously we need to use public money,” he said.
Donnet said the European Union and member states should work with the insurance and reinsurance industries to improve protection across the bloc.
People can get vaccinated against Covid-19 24×7, says Harsh Vardhan
“The government has lifted the time restriction to increase the speed of vaccination. People can now get vaccinated 24×7 according to their convenience. Prime Minister Narendra Modi understands the value of health as well as the time of citizens,” Vardhan tweeted.
The next phase of the COVID-19 vaccination commenced from March 1 for people over 60 years of age and those aged 45 and above with specified co-morbid conditions.
Govt committed to privatising all PSUs except bare minimum in 4 strategic sectors — PM Mod
He said his regime has set a target to monetise 100 PSUs in oil, gas, airports, ports, power, among other areas, which will draw Rs 2.5 trillion of investment.
Rajasthan to enact Bill on Right to Health,to bring Universal Health Care scheme worth Rs 3,500 cr: Gehlot
He said that from next year, universal health coverage will be implemented at a cost of Rs 3,500 crore, under which every family in the state will get medical insurance benefit of up to Rs 5 lakh.
”For the first time in the country, we are going to implement universal health coverage in the state in the coming year at the cost of Rs 3,500 crore,” Gehlot said.
Govt may consider privatising Oriental Insurance or United India: Report
Both Oriental Insurance and the Chennai-based United India Insurance may be able to generate interest from the private sector because of their improved financials, sources said.
The process of choosing a suitable candidate for privatisation has just started and will take some time to decide, sources said while not ruling out the possibility for listed New India Assurance, where government stake stands at 85.44 per cent.
Govt may have identified four banks for potential privatisation,report
The four banks on the shortlist are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India, two officials told Reuters on condition of anonymity as the matter is not yet public.
Road crashes in India increase household poverty and debt:World Bank
The report also brings out the sharp rural-urban divide and the disproportionate impact on women. The survey shows that the income decline for low-income rural households (56 percent) was the most severe compared to low-income urban (29.5 percent) and high-income rural households (39.5 percent). Women bore the burden of crashes across poor and rich households, often taking up extra work, assuming greater responsibilities, and performing caregiving activities after a crash. About 50 percent of women were severely affected by the decline in their household income after a crash.
About 40 percent of women reported a change in their working patterns post-crash, while around 11 percent reported taking up extra work to deal with the financial crisis.
FinMin to infuse Rs 3,000 cr in general insurance companies this quarter
The capital infusion will enable the three public sector general insurance companies to improve their financial and solvency position, meet the insurance needs of the economy, absorb changes and enhance the capacity to raise resources and improve risk management. Finance Minister Nirmala Sitharaman in the Budget announced privatization of two public sector banks and one general insurance company in 2021-22 beginning April.