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LIC disinvestment: 100,000 employees stage walk-out across country
“Being one of the biggest financial institutions of the country, any move to privatise LIC will shake the confidence of the common man and will be an affront to our financial sovereignty. The very purpose of LIC to provide insurance coverage to socially and economically backward class at a reasonable cost will be defeated and motto will change from service to profit,” the statement said.
Third coronavirus case reported from India
Coronavirus to hit reinsurers hard:AM Best
einsurers may face higher levels of risk than L/H insurers, as their risk profiles entail higher exposures to mortality and morbidity risks. However, global reinsurers have been broadening their risk exposures in recent years in an effort to minimize the concentration of mortality and morbidity risks.
LIC IPO: Interest of policyholders will be protected, says Anurag Thakur
Thailand sees apparent success treating coronavirus with drug cocktail
LIC’s partial disinvestment could fetch the govt $11.9 billion:Analysts
As economic costs of Coronavirus mount, China accuses U.S. of overreacting
EU Prepares for Coming of Facial Recognition– On Its Privacy Terms
UK and EU commence sparring over post-Brexit trade rules
Odisha is the most disaster prone state in the country:15th Finance Commission
A Disaster Risk Index (DRI) has been prepared by the FFC that assigns scores to each state based on probability and vulnerability.
“It is the first attempt to include state-level disaster risk scores in resource allocation and address a serious deficiency in the previous state-level allocations for disaster management,” the commission said in its report tabled in Parliament on Saturday.
LIC listing could come in second half of FY21, says Finance Secretary
Most UK insurers, banks unprepared for risks of climate change
IRDAI allows re/insurers to launch ART Solutions with its prior approvals
“In case, the re/insurer intends to adopt ART, non-traditional structured solutions, Financial Re-insurance, then it shall take prior approval of the IRDAI,” said IRDAI.The insurers have to inform the IRDAI on or before 1st March of every year about any such proposed re-insurance arrangement to be entered in to by the insurer.
Divestment to help both LIC, government: Jayant Sinha
There are three benefits from the disinvestment of the LIC – it will be strengthened with the listing with share market, which requires reporting every month. It will also bring in accountability, transparency and efficiency,” the MP from Hazaribag said.To a query on the fate of policy-holders, he said all of them will get every benefit assured in their policies as there is no connection between the disinvestment initiative and policies.
Allianz sets up an emergency response fund to support China’s fight against the coronavirus epidemic
Budget 2020: FDI in India rises to $284 billion during 2014-19, says FM
Sectors which attract maximum foreign inflows include services, computer software and hardware, telecommunications, automobile and trading.
Singapore continued to be the largest source of FDI in India during the first half of the financial year with USD 8 billion investments. It was followed by Mauritius, the US, the Netherlands, and Japan
Budget 2020:Deposit insurance cover hiked to Rs 5 lakh, New income tax slab for FY 2020-21
New Delhi: Finance Minister Nirmala Sitharaman, who has presented her second Union Budget in Parliament today, has hiked insurance cover on deposists by Deposit Insurance and Credit Guarantee Corporation (DICGC) to Rs 500,000 lakh from Rs 100,000. ...