Policy

Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Indian News       Nov 29, 2020

  New Delhi:  The finance ministry has asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses to improve their financial health, sources said. Earlier this year, the Union Cabinet decided to halt...

MHA guidelines: Local restrictions like night curfew allowed; Prior consultation with Centre needed for any lockdown outside containment zones

Indian News       Nov 25, 2020

New Delhi: States and union territories can impose local restrictions like night curfew to check the spread of COVID-19, but they will have to consult the Centre before imposing any lockdown outside the containment zones, the Ministry of Home Affairs said on Wednesday. The guidelines...

India plans to put off parliamentary session due to virus surging in Delhi

Indian News       Nov 24, 2020

NEW DELHI : India plans to put off the winter session of parliament due to the rising number of coronavirus infections, a government official said on Monday, with New Delhi facing a shortage of hospital beds and doctors as the epidemic spreads. While the daily...

John Kerry, Climate Czar, USA

Biden names Kerry as U.S. climate envoy, emphasizing diplomacy's role in the issue

International News       Nov 23, 2020

  WASHINGTON:  President-elect Joe Biden named former Secretary of State John Kerry as special climate envoy, his transition team said on Monday, a sign that Biden is putting the issue at the center of his foreign policy.Kerry, whose appointment does not require U.S. Senate confirmation, will...

DIPAM looks to appoint consultant for govt share sale in banks, insurance cos

Indian News       Nov 23, 2020

New Delhi: The Department of Investment and Public Asset Management (DIPAM) is scouting for a consultant to assist it in the minority and strategic stake sales in banks and insurance companies. The consultant will be appointed for one year, which could be extended by 2...

$22 billion tech giant dream of China’s Ping An Insurance face headwinds

International News       Nov 23, 2020

  The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued like one. While Ping An’s Lufax Holding Ltd.,...

Govt clears appointment of 9 directors in PSU general insurance companies

Indian News       Nov 21, 2020

  New Delhi: After a bit of delay, the Appointments Committee of Cabinet(ACC) on Saturday has clared the names of nine general manages of  state owned public sector companies including GIC Re as the directors. The nine senior officials who have new been  selected as the...

RBI committee recommends reshaping domestic banking industry

Indian News       Nov 20, 2020

  MUMBAi: A working group at India’s central bank has recommended a series of changes that could transform the country’s banking landscape by paving the way for large industrial conglomerates to set up banks. The proposals could also allow large non-banking finance companies and niche payment...

Pvt hospitals charged exorbitant fees for Covid-19 treatment:Par panel

Indian News       Nov 20, 2020

  New Delhi: Amid rising COVID-19 cases, inadequate beds in government hospitals and absence of specific guidelines for COVID treatment resulted in private hospitals charging exorbitant fees, a parliamentary panel on Saturday said, asserting that a sustainable pricing model could have averted many deaths. Chairperson of...

Union IT and Communications Minister Ravi Shankar Prasad

Will finalise data protection law very soon: Ravi Shankar Prasad

Indian News       Nov 20, 2020

Bengaluru: Union IT and Communications Minister Ravi Shankar Prasad said the government was very keen to promote India as a very big centre of the data economy and would finalise a data protection law very soon. "I'm very keen to promote India as a very...

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