SIRC 26
Indian
Govt revises NLEM: Slashes prices of 39 commonly used medicines
Govt invites bids for second time from law firms for LIC IPO
The government is also mulling allowing foreign investors to pick up stakes in the country’s largest insurer. As per Sebi rules, foreign portfolio investors (FPIs) are permitted to buy shares in a public offer.However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation.
FSDC asks regulators to keep constant vigil on financial sector
It also discussed issues relating to management of stressed assets, strengthening institutional mechanism for financial stability analysis, framework for resolution of financial institutions and issues related to IBC, banks’ exposure to various sectors and government, data sharing mechanisms of government authorities, internationalisation of Indian rupee and pension sector related issues.
LIC picks up nearly 4 pc stake in Bank of India through open market transaction
International
Warren Buffett touts wind energy following climate-change criticism
Companies are facing mounting pressure to detail their environmental impacts. Earlier this year, BlackRock Inc.’s Larry Fink said climate change is likely to upend global finance sooner than expected. It’s not the first time Buffett has cited the Iowa wind push: At Berkshire’s annual meeting last year, he brought it up when asked how his conglomerate scores on environmental, social and governance factors.
Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW
The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.
China ends 2yr state custody of troubled Anbang Insurance
Authorities took control of the 2 trillion yuan ($285 billion) conglomerate in February 2018 after its former chairman Wu Xiaohui was arrested — and subsequently jailed — for fundraising fraud. They initially set themselves a 12-month timeline to raise cash by jettisoning non-core assets such as luxury hotels, preserve Anbang’s main insurance operations and find strategic investors. That deadline was later extended by a year to Feb. 22.
US lawmakers to introduce bipartisan Bill aimed at internet firms’ Liability shield
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