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PM Modi may push financial inclusion drive in I-Day speech

There could be a doubling of overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as part of the government’s effort to fund the unfunded,.Besides, the government may announce attractive micro insurance scheme on the occasion, the sources said. The free accident cover under the RuPay Card holders could be increased from Rs 1 lakh. Government may raise the pension limit under Atal Pension Yojana (APY), announced in 2015-16, to up to Rs 10,000 per month from the existing slab of up to Rs 5,000.

China’s new silk road may lead to USSR-like collapse

the web of touted rail projects through central Asia which form a centrepiece of most maps of Belt and Road projects. Such plans misunderstand both the long history and basic economics of east-west trade, which has almost always been far more dependent on maritime transport via Southeast Asia, India and the Arabian Peninsula than on overland Silk Roads through the Eurasian steppe.

July drought and wildfires likely to result in minimum €3.5bn economic loss in Europe: Aon report

Michal Lorinc, an analyst within Impact Forecasting’s Catastrophe Insight team, said: “The month of July was marked by record-breaking heat, deepening droughts, and destructive wildfires in areas all around the globe. Nearly every major continent recorded some type of peril impact that will lead to a major cost to agricultural interests. All eyes are on the looming possibility of an El Nino return by the end of the year, which could exacerbate these types of impacts.”

Merger Deals Now Include #MeToo Sexual Harassment Clauses

“We do market research, search engine and social media assessments to evaluate the reputation of any brand,” Belisle said in an interview. “Doing that helps us to uncover risks and figure out where the opportunities might be for a company.” Gaining that perspective on a brand can give private equity firms an advantage when considering where to invest — and an edge over their peers in a bidding process.

SBI to sell up to 4% stake in general insurance arm

“Pursuant to the applicable provisions of the SEBI (LODR) Regulations, we advise that Executive Committee of Central Board (ECCB) in its meeting held today on August 9, 2018, has accorded approval to explore and initiate the process of divestment up to 4 percent of stake of SBI in SBI General lnsurance Company Limited to a non-promoter entity through Small Parcel Share Sale (SPSS),” SBI said in a filing to the stock exchanges.

Acting FM Goyal wants merger between New India & National Insurance, Oriental Insurance & United India   

Puzzled at this sudden drop of the proposal from Goyal,the CMDs of the general insurance companies,who had their first meeting with the acting FM, had checked with the  ministry of finance(MoF) about the Goyal’s new proposal. And, in turn they were advised by the MoF that the status quo,ongoing proposal to merger three companies, should be maintained till Arun Jaitley, who is on leave for treatment and is likely to join his previous job as finance minister on Aug 14, resumes his office