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1,040 lives lost in road accidents caused by use of mobile phone: Govt

by AIP Online Bureau | Jan 1, 2023 | Data

A total of 4,12,432 road accidents occurred in 2021, which claimed 1,53,972 lives while 3,84,448 people were injured New Delhi: A total of 1,997 road accidents occurred in 2021 due to the use of mobile phone by drivers while driving, which claimed 1,040 lives,...
Govt may seek a private sector chief to lead LIC – sources

Govt may seek a private sector chief to lead LIC – sources

by AIP Online Bureau | Dec 8, 2022 | Indian News, Life, Policy

“The government is planning to broaden the eligibility criteria for appointment of LIC CEO so that private sector candidates can apply,” said one of the government officials, who declined to be identified as the discussions are private New Delhi: India...

Govt raises maximum tenure of PSU banks’ CEO to 10 years

by AIP Online Bureau | Nov 18, 2022 | Banking & Bancassurance, Indian News, Policy

As per a government notification dated November 17, 2022, the term for the appointment has been extended to 10 years, from the earlier 5 years, subject to superannuation age of 60 years The decision of the government would help banks to retain the talent who rise to...

No govt, LIC veto post privatization of IDBI Bank

by AIP Online Bureau | Oct 23, 2022 | Banking & Bancassurance, Indian News, Life, Policy

The government earlier this month invited bids for the sale of a 60.72 percent stake in IDBI Bank, which is 45.48 percent owned by the government and 49.24 percent by the Life Insurance Corporation of India (LIC). The official said that post-privatization, the...

13 firms ink non-disclosure agreement with govt to use ULIP data

by AIP Online Bureau | Oct 1, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Risk Management

ULIP will give direct and indirect benefits to all logistics stakeholders like verification of drivers and vehicles details in a single click, tracking and tracing of consignment, route optimisation planning, a timely update on the destination of the consignment,...
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