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Here is a masonry blog layout with no sidebarMan’s insurance claim for car theft rejected for using pvt vehicle for commercial purposes
The Navi Mumbai businessman had also hired out his vehicle, which was against the norms laid down while it was being insured, the firm told the commission Thane: A man's claim for compensation following the theft of his car was rejected by the Thane Additional...
FM reviews PSBs’ performance amid stress in US fin systems; asks bankers to be vigilant about rate risks
Nirmala Sitharaman,Union Finance Minister The finance minister underlined that PSBs must look at business models closely to identify stress points, including concentration risks and adverse exposures, the statement said, adding that she also exhorted PSBs to use this...
Climate change threatening tea sector globally: ITA
An ITA spokesman said climate change is also threatening the long-term viability of tea industry, which is also causing increasing pest infestations making pesticide residue management surfacing as a major challenge. Kolkata: Leading planters body Indian Tea...
For every Rs 100 of premium paid for crop insurance under PMFBY; farmers received Rs 514 as claims: Govt
Narendra Singh Tomar,Union Agriculture minister ''Since 2016, nearly Rs 25,252 crore were paid by farmers as their share of premium against which claims of over Rs 1,30,015 crore (provisional) have been paid to them. Thus, for every Rs 100 of premium paid by farmers,...
Proposals in Finance Bill on debt mutual funds, STT likely to adversely impact market: Experts
Among other proposals, the bill has proposed that from April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long term tax benefits that had made such investments popular. New Delhi: The changes...
Lok Sabha passes Finance Bill; no relief for life insurers on taxing policies with premium over Rs 5 lakhs
Finance Minister Nirmala Sitharaman while presenting the 2023/24 budget on Feb. 1, had proposed that the government would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded Rs 500,000 ($6,103) The...
LIC plans investment exposure caps post Adani share rout
Currently, the insurer cannot invest more than 10% of outstanding equity in a company and 10% of the outstanding debt. New Delhi: The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a...
Finance minister proposes panel to look into issues related to Govt employees’ Pension
"I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for adoption by...
Lloyd’s swings to a pre-tax loss in 2022,underwriting profit jumps 53% to 2.6 billion pounds
John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...
Hyderabad Police busts “biggest” cyber theft, apprehends 6 for selling personal data worth Rs 16.8 cr
As many as 12 mobile phones, 3 Laptops, 2 CPU's, mails and tax invoices and data of 138 categories containing sensitive information of government, private organisations and individuals were seized by police Hyderabad: Cyberabad Police apprehended a gang involved in...
FSIB selects Siddhartha Mohanty as chairman of LIC
Siddhartha Mohanty,acting chairman and managing director Life Insurance Corporation Currently, Mohanty is acting chairman of the country’s biggest life insurance firm after the completion of the term of MR Kumar on March 13, 2023. After becoming LIC chairman, Mohanty...
Maha police book 10 from ICICI General for duping farmers of nearly Rs 4 crore under Centre’s scheme
The FIR says that the company staffers prepared false panchnama reports (survey forms), forged signatures of agriculture department officials to under-report the crop losses incurred due to unseasonal rains and other natural reasons, and prima facie cheated farmers to...
LIC’s 4 MDs battle out today for corporation’s chairmanship
The four MDs who are facing the interview are- Siddhartha Mohanty, Mini Ipe, BC Patnaik and M Jagannath Since, some of the top bureaucrats who are part of FSIB , are busy during the Budget session of Parliament, the interview is being conducted virtually...
ECB to publish first detailed carbon footprint
Carbon footprints measure the amount of carbon dioxide released into the atmosphere as a result of everyday activities ECB runs climate stress tests on the euro zone's commercial banks and has been increasing the penalties - or haircuts, in banking jargon - charged on...
Record international migration spurs historic rise in Canadian population
Total population grew by a record 1.05 million people to 39.57 million in the twelve months to Jan. 1, 2023, and about 96% of the rise was due to international migration, the statistics agency said. Canada's population increased by more than a million people for the...
Fed increases rates by 25 bps but signals hikes are near an end
Jerome Powell, Chair of the Federal Reserve The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by...
PM Modi holds high-level review meeting on Covid, influenza situation, stresses on Covid-appropriate behaviour
Prime Minister Narendra Modi Modi directed officials to enhance whole genome sequencing of positive samples with the designated INSACOG genome sequencing laboratories. This will support tracking of newer variants, if any, and timely response, the PMO said. New Delhi:...
Aon and Lifeguard to boost emerging risk insights through science crowdsourcing platform
The collaboration with Aon will augment existing insurance industry emerging risks research and provide insights into areas where insurers lack the resources to gain a thorough understanding of their exposures CHICAGO: Aon plc, a leading re/insurance broker , today...