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Time has come to deal with Guwahati flood, HC seeks plan from govt
"Taking into consideration the fact situation, we are of the view that now time has come to deal with the problem of waterlogging/flooding in the Guwahati city and the State is required to take steps for resolving this problem permanently," the court said. Guwahati:...
Unified train operation safety norm will be issued in 10 days Vaishnaw
Union Railway Minister Ashwini Vaishnaw Talking to media persons here, Vaishnaw said the ministry initiated the process of bringing uniformity in subsidiary rules (SR) of all 17 railway zones after the Commissioner of Railway Safety (CRS) flagged contradictions in...
South Africa moves to implement national health bill despite resistance
Cyril Ramaphosa,President, South Africa The legislation will gradually limit the role of private insurance in South Africa, create a new public fund to provide free access for citizens, and set the fees and prices that private healthcare suppliers can charge for...
Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along with...
“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance
Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was collected from GST on health and life insurance in the last three financial years.73-74 per cent of the amount collected under the GST goes to the states,'' Nirmala Sitharaman, union finance said in the...
Lloyd’s financial strength rating upgraded by AM Best
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
Take measures to curb bulk communications using voice calls: Centre
The Telecom Regulatory Authority of India (TRAI) held a meeting with the industry stakeholders in the national capital to discuss action on spammers, amid growing consumer complaints about unsolicited commercial calls.The issue involves multiple stakeholders -- TSPs,...
Explainer: Why does Nepal suffer so many air crashes?
In a 2023 safety report, the Civil Aviation Authority of Nepal (CAAN) said collision with terrain or another obstacle was the main risk, accounting for 93% of deaths in air accidents in the prior decade On July 22, 2024, eighteen people were killed in Nepal when a...
Helicopter with 5 people on board crashes in the mountains northwest of Nepal’s capital
The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal's capital Kathmandu shortly after takeoff on Wednesday, killing all five...
FSIB to interview 5 candidates tom for selecting CMD of AIC
The general managers (GMs) who have been shortlisted on the basis of seniority are - V Balkrishna and Jayshree Bala from GIC Re, Rekha Solanki, Oriental Insurance Company, Mathew George, Managing Director and CEO of Health Insurance TPA of India (HITPA),...
Global selloff: Sensex and Nifty nosedive, Investors’ wealth eroded by Rs 17.11 lakh crore
Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets Mumbai: Equity market benchmark indices Sensex and Nifty crashed over 3 per cent each on Monday in line with extremely weak trends in global markets amid...
Concretisation of roadsides in Ghaziabad NGT issues notices to MoEF others
The NGT was hearing a plea claiming "vast-scale, mindless and indiscriminate concretisation or paving, which was the biggest cause of water-logging, urban flooding and loss of biodiversity in cities and towns." New Delhi: The National Green Tribunal has sought a reply...
Missile attack by Yemen’s Houthi rebels hits container ship in first attack in 2 weeks
The killing of Haniyeh in Tehran has sparked concerns of a new escalation in the Israel-Hamas war. Already, the U.S. military says it will move a fighter jet squadron to the Middle East and keep an aircraft carrier in the region DUBAI, United Arab Emirates : A missile...
Finmin asks state-owned general insurers to focus on profitable businesses
Vivek Joshi,Secretary,Financial Services Oriental Insurance has earned Rs 18 crore profit in FY24 as against a loss of Rs 5,000 crore a year ago, while National Insurance Company narrowed its loss to Rs 187 crore from Rs 3,800 crore, and United India Insurance to a...
Niti Aayog member Vinod Paul wants insurance companies to cover organ transplantation
Vinod Kumar Paul, member, Health, Niti Aayog A person after his death can give new life to up to 8 people by donating vital organs namely Kidney, Liver, Lung, Heart, Pancreas and Intestine and improve quality life of many more by donating tissues like cornea, skin,...
FPIs invest Rs 32,365 cr in equities in July on continued policy reforms
According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 32,365 crore in equities in July. This came following an inflow Rs 26,565 crore in June driven by political stability and the sharp rebound in markets Before...
IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator
The Administrator, in its affidavit informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own...
Affordable medicines save Rs 28,000 crore under Janaushadhi Scheme
Launched by the Department of Pharmaceuticals, these initiatives aim to alleviate healthcare expenses by providing quality generic medicines at affordable rates, focusing on critical illnesses like cancer and cardiovascular diseases The Prime Minister Bhartiya...