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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,...

Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3

by AIP Online Bureau | Sep 29, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Senior Citizen Savings scheme will earn 20 basis points more to 7.6 per cent from the existing rate of 7.4 per cent during the October-December period, a finance ministry notification said New Delhi: The government on Thursday raised rates on some small savings...

Govt issues draft rules for car firms for mandatory rear seat belt alarm

by AIP Online Bureau | Sep 21, 2022 | Indian News, Risk Management, Technology

“Safety-belt reminder” means a system dedicated to alerting the driver when the driver and all other front-facing seat occupant(s) do not use the safety-belt. The system is constituted by a detection of an unfastened safety-belt and by a driver’s...
Govt making investments on six fronts to strengthen healthcare services: PM Modi

Govt making investments on six fronts to strengthen healthcare services: PM Modi

by AIP Online Bureau | Aug 24, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life

Prime Minister Narendra Modi  The first front is encouraging prevention healthcare. The second one is opening small and modern hospitals. The third front is opening big institutes of medical colleges and research. The fourth front is increasing the number of...
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