Eco/Invest/Demography

18 PSBs hit by fraud cases of Rs 1.17 trn in Apr-Dec of FY20

Facts       Feb 13, 2020

Mumbai: A total of 8,926 cases of fraud involving Rs 1.17 trillion hit 18 public sector banks during the first three quarters (April-December) of the current fiscal, a reply to an RTI query has revealed.   The country's largest lender State Bank of India (SBI) was...

Etiqa Insurance Singapore protects customers with Financial Assistance Benefit amid COVID-19 Outbreak

International News       Feb 13, 2020

  Singapore: Etiqa Insurance Singapore is providing Financial Assistance Benefit1 to those insured with their life insurance policies in light of the Novel Coronavirus (COVID-19) outbreak. All existing and new insured persons of Etiqa life protection and insurance savings plans will receive complimentary coverage for hospitalisation...

Coronavirus leads companies with supply chain disruptions to invoke ‘Force Majeure’

International News       Feb 13, 2020

  With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.”   The death toll in China from...

Jharkhand Cabinet approves proposal to grant up to Rs 5 lakh for treatment of critical diseases

Indian News       Feb 12, 2020

Ranchi: The Jharkhand Cabinet has approved a proposal to grant up to Rs 5 lakh towards medical treatment of critical diseases to people of the state with an annual income of less than Rs 8 lakh, a government official said here on Wednesday.   Now the...

Ayushman Bharat beneficiaries to get assistance of up to ₹15 lakh under RAN

Indian News       Feb 12, 2020

New Delhi: Ayushman Bharat beneficiaries not covered under various packages of the insurance programme and requiring high-cost treatment will be able to get financial assistance of up to ₹15 lakh under the Rashtriya Arogya Nidhi (RAN) scheme, an office memorandum said.   The Union Health ministry...

I-T Dept to share taxpayers' PAN, other data with SEBI to help in stock market-related probes

Indian News       Feb 12, 2020

  New Delhi: The Income Tax Department will share all taxpayers' data like PAN information with Sebi in order to help the capital market regulator in its probe against various entities, including those involved in 'stock market manipulation', an official order has said. The Central Board...

Cabinet approves Rs 2,500 cr of capital infusion in 3 PSU gen insurance cos

Indian News       Feb 12, 2020

  New Delhi: The Union Cabinet on Wednesday approved a proposal for capital infusion and immediate release of Rs 2,500 crore for three public sector companies on account of their critical financial conditions.   The decision came after United India Insurance, National Insurance Company and Oriental Insurance...

Prolonged slide in financial health of Indian firms comes to end

Indian News       Feb 12, 2020

Mumbai: The lingering effects of India’s shadow banking crisis and slowing economy have left companies’ financial health around the worst levels in years, but one gauge shows the prolonged deterioration has at least halted for now.   Care Ratings Debt Quality Index, which tracks credit metrics...

Renewable insurance plays an important role in Asia’s energy transition:Willis Towers Watson

Articles       Feb 12, 2020

  SINGAPORE, Willis Towers Watson today launched its inaugural Renewable Energy Market Review for 2020. The Review identifies several new realities that the industry needs to face up to at the beginning of the new decade.   These new realities include: Geopolitical clouds: Conflicts and other international...

Sunil Sharma, President Institute of Actuaries of India.

IAI to host 3-day 21st Global Conference of Actuaries in Mumbai from Feb 17

Indian News       Feb 12, 2020

  Mumbai:  Institute of Actuaries of India (IAI)  all set to organise the 21th Global Conference of Actuaries from 17th February to 19th February, 2020 in Mumbai.  The global conference will be conducted with a flavour of grandeur and admiration of the Indian Actuarial Profession on...