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New India Assurance turns profitable in Q4 FY 2019-20,records a net profit of Rs 113 crore

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, Indian News, Non-Life

,   Mumbai: With significant improvements in all of its vital parameters,the listed New  India Assurance(NIA)  has recorded a net profit of Rs113 crore in the March quarter as against  a loss of Rs 268 crore in the year-ago period.  ...

Patanjali takes a u-turn; says never claimed to have made Covid-19 medicine

by AIP Online Bureau | Jun 30, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

  New Delhi: Patanjali Ayurved on Tuesday said that it never claimed to have made medicine for coronavirus. The Haridwar-based organisation has withdrawn from its earlier claim, in reply to the notice given by Uttarakhand Ayush Ministry. “Patanjali has never...

IRDA likely to implement new Indian Accounting Standard in the insurance sector soon

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

  Hyderabad: The insurance regulator IRDA has indicated that Implementation of the new accounting system – the Indian Accounting Standard (abbreviated as Ind-AS)- in the domestic  insurance sector is likely happened in mid 2020. In its recent board...

Covid-19 Pandemic:Tally rises to 5,66,840, general and health insurers receive 28,000 claims for Rs 445 crore

by AIP Online Bureau | Jun 30, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: With India's COVID-19 tally climbed to 5,66,840 on Tuesday, the general insurers have received 28,000 claims for Rs 445 crore, on account of treatment of virus infected policyholders, till Monday.   Along with the rapid rise of Covid-19...

PM Modi extends free ration scheme for poor till November amid COVID-19 crisis

by AIP Online Bureau | Jun 30, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

NEW DELHI: Prime Minister Narendra Modi on Tuesday announced extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a free ration scheme, for 80 crore people across the country till end of November.   In a televised address to the nation, Modi also...
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