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Here is a masonry blog layout with no sidebarWorkers demand Rs 15K minimum pension under EPS-95
“We demand the issuance of order from Central Government on welfare of stakeholders i.e. pensioners of the EPFO. At present more than 25 lakh pensioner are bound to live their life below poverty line. If Govt does not fulfil our demand we will announce a big protest by tomorrow evening”the Committee’s General Secretary Prakash Pathak told .
Prem Watsa earns a net profit of $930 mn from stake sales in ICICI Lombard General
“The results improvement was driven by net after-tax gains in excess of $1.9 billion related to the reduction of Faifax shareholding in ICICI Lombard and the sale of its 97.7 percent equity interest in First Capital. The reduction of our shareholding in ICICI Lombard to about 10 percent resulted in a net after-tax gain of $930 million,” said Prem Watsa, CEO, Fairfax
FPIs pull out a staggering Rs 6,850 crore from stocks so far in February
New Delhi: Foreign investors have pulled out so far this month a staggering $1 billion or Rs 6,850 crore from the Indian stock market in the wake of sell-offs globally. This is against the total inflow of over Rs 13,780 crore by foreign portfolio...
Over 5,000 life insurance claims under PMJDY so far
“As of 12-1-2018, 4,543 claims have been paid under PMJDY for life cover of Rs 30,000 and the claim amount paid is Rs 13.62 crore.Under the PMJDY, government received 3,324 claim applications under the RuPay card-linked accidental insurance cover, and Rs 23.40 crore were paid to 2,340 eligible claimants
Sex ratio at birth dips in 17 of 21 large states, Gujarat records 53 points fall
LIC’s investment in equities may exceed Rs 80,000 crs in FY 2017-18
Speaking at the press conference in Mumbai, VK Sharma, chairman, also stated that recent problems in state owned Punjab and National Bank (PNB) was an unfortunate event and declined to comment further on the issue. “But still as a person or a institutional head I have full faith in the bank and we are going to hold on with our investments,” added Sharma.
Sujay Banarji, LIC’s Kutumbe appointed as Members IRDAI
New Delhi: Government today has appointed two members at the insurance regulator IRDAI, Kutumbe Pravin Hari, 58,executive director, Life Insurance Corporation(LIC) has appointed as member (Finance & Investment) while Sujay Banarji,60. former director, Oriental...
Sujay Banarji,LIC’s Kutumbe appointed as Members, IRDAI
Ministry seeks mergers of three PSU non-life insurers without much disruption
Examination date for the promotion may be declared by GIPSA in May, sources familiar with the development said. It means that there will not be any forceful retirement or exit for the time being. Redeployment will be done which means excess staff will be transferred to other offices and places, the sources said, adding, that things are yet to clear whether there will be `VRS and Pension”.
10 shortlisted for IRDA Chairmanship interview, 7 insurers & 3 former bureacrats
The names who have been shortlisted by the search committee are.Nilesh Sathe, member(Life), IRDAI, G Srinivasan, CMD, New India Assurance, K Sanath Kumar, CMD, National Insurance Company, VK Sharma, chairman, Life Insurance Corporation and three managing directors of the LIC – Hemant Bhargava, Sunita Sharma and B Venugopal and three retired chief secretaries of Andhra Pradesh, Telengana and Karnataka.
“Credit and political risk insurance market capacity up by 30 pc since 2015”
Since the global financial crisis (2007-2017), the market as a whole has experienced 438· claims made by banks and financial institutions, with 422 paid in full to the value of US$2.57bn. The largest values of claims handled by BPL Global have been on contracts covering Ukraine· (US$509bn), Russia (US$195bn) and Brazil (US$187bn), says the report.
Policy to scrap 15 yrs old vehicles almost finalised: Gadkari
Prem Watsa and Allianz apply for licenses for reinsurance ops in India
Transfer unclaimed deposits to welfare fund by March 1: Irda to insurers
Airbus says one third of its Pratt & Whitney-powered A320neo jets have flaw
The European manufacturer has been forced to suspend deliveries of A320neos with Pratt engines, according to IndiGo, the Indian low-cost airline that’s the plane’s biggest customer. The disclosure of new problems with the Pratt engines late last week marks a blow for the A320neo, Airbus’s best-selling plane.
Global sea level surging at faster rate, study
If the oceans continue to change at this pace, sea level will rise 65cm by 2100—enough to cause significant problems for coastal cities, according to the assessment published in the journal PNAS. Rising concentrations of greenhouse gases in Earth’s atmosphere increase the temperature of air and water, which causes sea level to rise in two ways.