SIRC 26
Indian
Govt wants returns from PSU insurers:DFS Secy
“These companies should be able to generate profit so that they can give some return to their stakeholder- government,’’ said Panda while addressing employees of New India Assurance recently on the occasion of the company’s 103rd foundation day.
Identifying four pillars on which these companies should build their business, Panda said these companies should adopt technologies to keep up with the times, be customer centric as a matter of best practices, taking care of the population who are at the bottom of the pyramid and above all design products for social security in the matter of property, health and natural catastrophes.
Citigroup, Kotak Mahindra, Among 10 Others Selected To Manage LIC IPO
A ministerial panel, called the Alternative Mechanism on strategic Divestment, is expected to decide soon on the size of the stake to be sold. It could be around 10 per cent, sold in two tranches, the two government sources said.
The other selected lenders are JM Financial Ltd, Axis Capital, Nomura, BofA Securities, J.P. Morgan India Pvt Ltd, ICICI Securities and Kotak Mahindra,
Govt launches e-SHRAM portal to maintain database of 38 cr unorganised sector workers
Prime Minister Narendra Modi has sanctioned Rs 2 lakh accidental insurance cover to every registered unorganised worker on the e-SHRAM portal. If a worker registered on the portal meets with an accident, he/she will be eligible for the amount on death or permanent disability and Rs 1 lakh on partial disability.
A national toll free number — 14434 — was also launched to assist and address the queries of workers seeking registration on the portal
As part of the initiative, the workers will be issued an e-SHRAM card containing a 12-digit unique number The objective behind the move is integration of social security schemes of the government.
”Indian aviation mkt to be ”very large” by FY30; to accommodate both Indian, Middle East carriers”
In a post-webinar presentation, CAPA Advisory projected that by 2029-30 India”s international traffic is estimated to increase by 50-60 million annual passengers from pre-COVID levels to reach 115-125 million.
Hosted by CAPA, the webinar was on ”India-Middle East Aviation Dialogue: A Win-Win Outcome is Feasible and Likely”.
It said more than 30 per cent of the country”s international origin destination traffic is on long- and ultra-long haul routes. The domestic carriers are expected to add just around 70 wide-body planes by FY30, which is likely to address only half of the incremental long-haul demand, it added.
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