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‘Never Visualized’, SC hints at CAG probe in fake Covid death claims

‘Never Visualized’, SC hints at CAG probe in fake Covid death claims

by AIP Online Bureau | Mar 15, 2022 | Health, Indian News, Non-Life, Policy

A bench comprising Justices M.R. Shah and B.V. Nagarathna said: “We never visualized that this kind of fake claims could come. It’s a pious world. We never thought this scheme could be misused” Expressing concern on fake medical certificates, the bench said: “What is...
Govt to infuse Rs 5000 crore capital into 3 PSU general insurers this fiscal, higher wages for employees soon

Govt to infuse Rs 5000 crore capital into 3 PSU general insurers this fiscal, higher wages for employees soon

by AIP Online Bureau | Mar 14, 2022 | Indian News, Non-Life, Policy

Due to the deficit capital situation faced by three three general insurers- Oriental Insurance Company, United India Insurance and National Insurance Company, the government has not been able to approve the due wage revision of employees of PSU general insurance...

DPIIT notifies 20 pc FDI in LIC under automatic route

by AIP Online Bureau | Mar 14, 2022 | Briefs, Eco/Invest/Demography, Life

The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.The Union Cabinet had last month approved the decision to facilitate disinvestment of the...

Mumbai becomes first South Asian city to detail net-zero roadmap

by AIP Online Bureau | Mar 14, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

By 2050, rising sea levels are expected to flood those parts of the city. In total, unabated climate change could cost the city $920 million Drawing on inputs from officials, citizens, researchers and companies, Mumbai’s plan lists changes across six domains. This...

Investors richer by over Rs 13.16 lakh cr in five days of market rally

by AIP Online Bureau | Mar 14, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Domestic equities opened flat but gained momentum during the session, extending the rally for the fifth consecutive day. Global markets were mixed amid hopes for a diplomatic solution to the Ukraine war, but cautiousness prevailed as uncertainty looms with the...
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