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Here is a masonry blog layout with no sidebarGoyal introduces Jan Vishwas bill in Lok Sabha to decriminalise minor offences in 42 Acts
Besides the decriminalisation of minor offences, the bill envisages the rationalisation of monetary penalties, depending on the gravity of the offence, bolstering trust-based governance New Delhi: Commerce and industry Minister Piyush Goyal on Thursday in Lok Sabha...
Rates to stay flat for Ukraine grain cargo insurance-Ascot
Aviation and marine war insurers are concerned that reinsurers – who insure the insurers – will exclude the whole Ukraine, Russia and Belarus region when reinsurance contracts come up for renewal on Jan. 1. A cargo insurance facility providing cover for shipments via...
Live-In relationships covered under domestic violence law: Government
Citing provisions of the law, he said 'domestic relationship' means a relationship between two persons who live or have, at any point in time, lived together in a shared household, when they are related by consanguinity, marriage or through a relationship in the...
Insurance density in India rises from $78 in 2020-21 to $91in 2021-22, Insurance penetration at 4.2 % in 2021-22
While the penetration of life insurance sector has gone up from 2.15 per cent in 2001-02 to 3.2 per cent in 2021-22, non-life insurance penetration has gone up from 0.56 per cent to 1.0 per cent during the same period “2022 has been a year marked with milestone...
Insurers settled over 2.25 lakh death claims on account of Covid: Irdai report
The net incurred claims of the general insurers stood at Rs 1.41 lakh crore in 2021-22 as against Rs 1.12 lakh crore in 2020-21, an increase of about 26 per cent New Delhi: Over 2.25 lakh death claims due to the Covid-19 pandemic were settled by insurance companies up...
China likely seeing 1 mn Covid infections, 5,000 virus deaths every day
The situation could get even worse for the country of 1.4 billion people. This current wave may see the daily case rate rise to 3.7 million in January, according to Airfinity Ltd., a London-based analytics firm. There’ll likely then be another surge of infections that...
Random Covid testing for arriving international passengers from December 24
Prime Minister Modi urged everyone to follow Covid-appropriate behaviour, including wearing masks in crowded public places, at all times, especially in view of the upcoming festive season, according to a statement issued by the Prime Minister's Office (PMO).He also...
New India launches Drone insurance, to cover physical damage to the aircraft and its theft
Neerja Kapur, CMD,NIA said, “India’s drone manufacturing industry clocked annual sales of Rs 60 crores in FY 2021 and is expected to grow to Rs 900 crores by FY 2024. Thanks to the impetus given by the Government of India through the liberalised Drone Rules, 2021,...
Microsoft details newly identified capabilities of Zerobot malware
The malware affects a variety of devices including firewall devices, routers, and cameras and adds compromised devices to a distributed denial of service (DDoS) botnet Successful DDoS attacks may be used by threat actors to extort ransom payments, distract from other...
Parl panel moots ex-ante regulations, digital competition law to curb unfair biz practices in digital markets
The suggestions are part of the Standing Committee on Finance's report on 'Anti-Competitive Practices by Big Tech Companies' tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital markets. New...
Amending Insurance Acts: General Insurers oppose changes in capital requirements, granting composite licenses
On granting composite licenses, general insurers say,suddenly letting companies to enter into any segment will result in chaos and fragmentation of existing markets. This will also harm the interests of the existing policyholders in both life and nonlife segments, On...
Rajya Sabha passes bill to deal with maritime piracy with voice vote
In the bill, the government has added provisions for death penalty and life imprisonment for those convicted of maritime piracy External Affairs Minister S Jaishankar. told the House, "We will have jurisdiction on foreign ships (which would indulge in piracy)." . New...
Reliance Capital Auction: Torrent Group highest bidder at Rs 8,600 crore in phase 1
The acquisition will help Torrent group to venture into the financial services as Reliance Capital has a wholly owned subsidiary- Reliance General Insurance, and 51 per cent stake in Reliance Nippon Life Insurance among other assets. Hinduja Group was the second...
India detects 3 cases of Omicron subvariant BF.7 driving China’s Covid surge, Govt restarts random testing for international passengers
BF.7 is a sub-lineage of the Omicron variant BA.5 and has the strongest infection ability since it is highly transmissible, has a shorter incubation period, and has a higher capacity to cause reinfection or infect even those vaccinated. New Delhi: Three cases of...
Next financial crisis will come from private cryptocurrencies: RBI Governor
Shaktikanta Das,governor, Reserve Bank of India RBI governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some ''dent'' to the economy Mumbai: India's central bank chief today warned...
Axis Bank forays into retirement biz with pension fund management, crosses Rs 100 cr in AUM
The third largest private sector lender received a commencement of business certificate from the Pension Fund Regulatory and Development Authority (PFRDA) on September 20, and the AUM has been managed in the first 45 days of the business, as per a company statement...
PMFBY number one crop insurance scheme globally in terms of farmers enrollment: Tomar
The minister said 832.24 lakh farmers enrolled under the PMFBY during 2021-22 fiscal. The premium paid by farmers stood at Rs 3,77,026 crore while claims paid were Rs 13,728.63 crore during 2021-22 New Delhi: The Pradhan Mantri Fasal Bima Yojana (PMFBY) has become the...
ANALYSIS-Global economy bets on China learning to live with COVID
The consensus view remains that if China can get a grip on what U.S. Treasury Secretary Janet Yellen this month called the "very complex problem" of switching its COVID-19 stance, this would boost both its domestic economy and the global one Those who believe the...