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EPFO fixes 8.25 pc interest rate on employees’ provident fund for 2023-24

by AIP Online Bureau | Feb 10, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security

“The EPFO’s apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2023-24 at its meeting on Saturday,” a source said New Delhi: Retirement fund body EPFO on Saturday fixed a three-year...
RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh

RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh

by AIP Online Bureau | Feb 10, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

“Considering the crucial role of non-executive directors in efficient functioning of bank boards and its various committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their boards, it has been decided to...
Govt formulating action plan to compensate victims of cyber financial frauds

Govt formulating action plan to compensate victims of cyber financial frauds

by AIP Online Bureau | Feb 9, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Vivek Joshi, Secretary, Department of Financial Services Also discussed was the issue of integration of Citizen Financial Cyber Fraud Reporting and Management System platform with National Cybercrime Reporting Portal with the aim to centralise the platform that will...
Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river

Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river

by AIP Online Bureau | Feb 9, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

“Through the project, ADB continues to pursue its cost-effective, adaptive, and systematic river stabilisation approach to managing the Brahmaputra river. While deploying riverbank protection technology, ADB will also continue to build the capacity of state agencies...
New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

by AIP Online Bureau | Feb 9, 2024 | Health, Indian News, Non-Life, Reinsurance

“FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company’s third-quarter...
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