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FPIs begin 2020 with profit booking, withdraw Rs 2,418 cr in 1st 3 sessions

by AIP Online Bureau | Jan 5, 2020 | Eco/Invest/Demography, Indian News

  New Delhi:  Foreign portfolio investors (FPIs) began the year with profit booking as they withdrew a net sum of Rs 2,418 crore from the Indian capital markets in the first three trading sessions of January.   As per latest depositories data, Rs 524.91...

$5-trillion economy achievable but time frame uncertain: SBI Chairman

by AIP Online Bureau | Jan 5, 2020 | Eco/Invest/Demography, Indian News

  Hyderabad/Mumbai: State Bank of India chairman Rajnish Kumar on Saturday said the country can become a $5 trillion economy, but was skeptical whether it is achievable by 2024-25 as envisaged by the government.   Speaking at an interactive session organsied...

20K Ayushman cards annulled in Gujarat after ineligible beneficiaries found

by AIP Online Bureau | Jan 4, 2020 | Eco/Invest/Demography, Health, Indian News

  Ahmedabad:  Around 20,000 Ayushman cards issued under the Pradhan Mantri Jan Arogya Yojana (PMJAY) were nullified in Gujarat as ineligible beneficiaries were found to have been added on these cards, a senior official said on Saturday.   The scheme,...

Insurance intermediaries with majority foreign stake can’t repatriate over 75% as dividend: IRDAI

by AIP Online Bureau | Jan 4, 2020 | Indian News, Intermediaries, Regulation

  Hyderabad: Insurance intermediaries with majority foreign stake can't repatriate over 75% as dividend: IRDAIInsurance intermediaries having majority foreign holding cannot repatriate dividend more than 75 percent of the net profit and if there is any...

171 hospitals de-empanelled, Rs 4.5 crore in penalties imposed for fraud under Ayushman Bharat

by AIP Online Bureau | Jan 4, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life

  New Delhi: A total 171 hospitals have been de-empanelled and penalties to the tune of Rs 4.5 crore have been imposed on hospitals for allegedly committed fraud and indulging in malcpractices under the Ayushman Bharat health insurance scheme, the apex body...
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