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IRDA allows Axis Bank to pick upĀ 12 % stake in Max Life

by AIP Online Bureau | Feb 24, 2021 | Indian News, Life, Regulation

  New Delhi: Max Financial Services Limited (MFSL) announced today that the Insurance Regulatory and Development Authority of India (IRDAI) has given its formal approval for the acquisition of up to 12 per cent  stake in Max Life Insurance Company (Max...

RBI concerned over impact of cryptocurrency may have on financial stability: Das

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  New Delhi: The Reserve Bank of India (RBI) is concerned over the impact cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government, Governor Shaktikanta Das said on Wednesday. ''We have certain major...

Rajasthan to enact Bill on Right to Health,to bring Universal Health Care scheme worth Rs 3,500 cr: Gehlot

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Health, Indian News, Policy

  Jaipur: Rajasthan Chief Minister Ashok Gehlot-led Congress government on Wednesday presented the Budget for 2021-22 and said it will bring a Universal Health Care scheme worth Rs 3,500 crore. He said that from next year, universal health coverage will be...

Trading on India’s largest stock exchange halted by telecom breakdown

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

MUMBAI: Telecom disruptions forced India’s National Stock Exchange to shut all trading on Wednesday, leaving investors stranded ahead of the crucial expiry of monthly derivative contracts. The NSE, headquartered in India's financial capital Mumbai, is the...

Govt warns states of worsening COVID-19 situation if rules ignored

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: India warned on Wednesday that a breach of guidelines on testing and other measures to contain the coronavirus could worsen a recent spurt in infections in many states, particularly after it detected several variants. Nearly a month after the health...
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