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Indian Govt’s health expenditure share in GDP rises from 1.15 pc to 1.35 pc: NHA report for 2017-18

by AIP Online Bureau | Nov 29, 2021 | Data, Workplace/Employee Benefits

The share of the government’s health expenditure in the total health expenditure has increased to 40.8 per cent (2017-18) from 28.6 per cent (2013-14), the NHA report for 2017-18 said. New Delhi: The share of the government’s health expenditure in the...

RBI supersedes Reliance Capital board, to start bankruptcy proceedings against firm

by AIP Online Bureau | Nov 29, 2021 | Indian News, Life, Non-Life, Regulation

In a statement on its website, the central bank said it has superseded the board, “in view of the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to...

Over 12k depositors of B’luru-based coop bank receive deposit insurance cover of Rs 401 cr

by AIP Online Bureau | Nov 29, 2021 | Banking & Bancassurance, Indian News, Policy

DICGC has paid the claims of up to Rs 5 lakh without deducting the Rs 1 lakh already paid by the bank and also up to Rs 5 lakh paid by the bank for treatment of critical illness Last year, the government brought cooperative banks under the purview of the RBI by...

LIC to up stake in Kotak to nearly 10 pc

by AIP Online Bureau | Nov 29, 2021 | Banking & Bancassurance, Indian News, Life, Policy, Regulation

”Kotak Mahindra Bank has received an intimation from Life Insurance Corporation of India (LIC) stating that the Reserve Bank of India had granted its approval to LIC, for increasing its holding in the bank up to 9.99 per cent of the paid-up equity share capital...

‘Omicron’ scare: DDMA decides to conduct RT-PCR test for all passengers from ‘high-risk’ countries

by AIP Online Bureau | Nov 29, 2021 | Eco/Invest/Demography, Indian News, Pandemic, Policy, Workplace/Employee Benefits

‘It was decided to conduct 100 percent RT-PCR testing of passengers from high-risk countries, followed by genome sequencing of the positive cases and mandatory isolation/quarantine as per the guidelines laid down by the Government of India,” an official...
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