Life insurers bat for 100% foreign investment in sector via automatic route

Indian News       Dec 19, 2019

  New Delhi: Life insurers have sought 100 per cent foreign direct investment (FDI) limit for the sector through automatic route, which can help the sector attract capital of Rs 40,000-60,000 crore.   India has received nearly Rs 30,000 crore worth of FDI in the private sector...

Devesh Srivastava, CMD, GIC Re

Govt clears appointments of Srivastava and Poddar as CMD of GIC Re and AIC

Indian News       Dec 16, 2019

  New Delhi: The government  on Monday has cleared the appointment of Devesh Srivastava,56, general manager(GM),GIC Re and Malay K Poddar, 57, GM, as the CMD of GIC Re and Agriculture Insurance Company(AIC) respectively. Though, Srivastava and Poddar were earlier selected by the Banks Board Bureau...

Mandatory to link PAN-Aadhaar by 31 December: I-T Dept

Indian News       Dec 15, 2019

  NEW DELHI : It is mandatory to link your PAN with Aadhaar by the end of this year, the Income Tax Department said in a public message on Sunday.   "Building a better tomorrow! To reap seamless benefits of income tax services, complete the vital link...

Amitabh Kant,CEO,NITI Aayog

Govt reforms will make India a very competitive, efficient economy: Kant

Indian News       Dec 14, 2019

  Washington: The series of pathbreaking and ambitious reforms unleashed by the Modi government in the last few years will make India a very competitive and productively-efficient economy in the long run, a top Indian official said on Friday.   "There is a great positivity about India,"...

Debasish Panda , special secretary, Dept of Financial Services, MoF

Panda appointed as special secretary,DFS

Indian News       Dec 13, 2019

New Delhi: Debasish Panda, IAS,additional secretary,Department of Financial services, Ministry of Finance, on promotion,has been posted as special secreatary, in the same department on Friday by the government.   He is a 1987 batch of Indian Administrative Service of UP cader.and was recently empanelled as a...

'One Nation One Ration Card' to be effective nationwide from June: Ram Vilas Paswan

Indian News       Dec 03, 2019

  New Delhi: The government's 'One Nation One Ration Card' initiative that will largely cover migrant labourers and daily wagers will come into force across the country from June 1, 2020, Union minister Ram Vilas Paswan said on Tuesday.   Under the initiative, eligible beneficiaries would be...

Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary

Indian News       Dec 03, 2019

  New Delhi: Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of...

Develop ways to detect fraud, contribute to Rs 5 trn economy aim: PM to CAG

Indian News       Nov 21, 2019

  New Delhi: Prime Minister Narendra Modi on Thursday asked auditor CAG to develop technical tools to check fraud in government departments and play a role in making India a $5 trillion economy.   He was addressing a conclave of the Comptroller of Auditor General on transforming...

Govt unveils norms for 100% FDI in insurance intermediaries sector

Indian News       Nov 06, 2019

    New Delhi: The government on Wednesday has notified the norms for allowing 100 per cent foreign direct investment (FDI) investment in the domestic insurance intermediaries sector including insurance brokers, third party administrators(TPAs) and Surveyors and loss adjusters and corporate agents.   The insurance intermediary that has...

PAN-Aadhaar linking date extended to 31 December

Indian News       Sep 28, 2019

New Delhi: The deadline to link the Permanent Account Number (PAN) with Aadhaar has been extended till December 31, a CBDT order said on Saturday.   Earlier, the deadline was September 30.   This is the seventh time that the government has extended the deadline for individuals...