Advertisement
Indian
Govt notifies new regulations for increasing FDI in insurance sector to 74 %
Nnot less than fifty per cent. of directors of such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.
In an Indian insurance company having foreign investment a majority of its directors, a majority of its Key Management Persons, and at least one among the chairperson of its board, its managing director and its chief executive officer, has to be resident Indian citizens, said the draft rules.
At Rs 5.18 tln in FY21, pvt sector investments lowest since FY05: Report
What is more worrying is that the gross fixed capital formation rate has been plunging continuously from 34.3 per cent in FY12 to 28.8 per cent in FY20 and is expected to go down further to 26.7 per cent in FY21, he warns. Again, among all the new investment projects announced until FY17, government-run companies dominated with a share of 58 per cent but even this has been coming down since then it plunged to 32 per cent in FY21 from 49 per cent in FY20, shows the report
Cyclone Tauktae causes economic losses of over $ 2 billion, agriculture hit most: RMSI
Pushpendra Johari, senior vice president, sustainability, RMSI said“Cyclone Tauktaeis an unique event that has impacted all coastal western states and union territories of India . Though the cyclone effect on Kerala, Karnataka and Maharashtra and Goa was not severe, Gujarat and Diu are badly impacted.”
“Though the cyclone has made a landfall , this is not the end of our distress. Recent climate change studies have highlighted rising sea surface temperature in the Arbian sea. This will increase the cyclone frequency in these region. We should improve our preparedness even further to deal with more such events in future.”
Low-pressure area on Bay of Bengal likely to develop into cyclone: Met dept
International
US Court Rules Airport Screeners shielded from passenger abuse Claims
Financial Services Industry slams latest UK proposal for Post-Brexit EU trade ties
“Having to comply with financial regulations we have no say over would be the worst possible scenario for our world-leading insurance sector, so we will look to the government to negotiate a better outcome than this,” said Huw Evans, the director general of the Association of British Insurers. “Whatever the final outcome, the insurance industry is too important to be a rule taker.”
China’s population would be 65% of India’s by 2050: analyst
China had more than 230.8 million people aged 60 or above at the end of 2016, 16.7 per cent of the country’s total population, the Ministry of Civil Affairs had said in August 2017. By international standards, a country or region is considered to be an “aging society” when the number of people aged 60 or above comprises at least 10 per cent of the total population
Fewer severe natural disasters in the first half of the year; overall losses well below the average
“The most important thing is to understand the long-term developments. That is why we must continue to make every effort to understand the background to natural disasters, and provide safeguards against them in the form of intelligent prevention measures. This is borne out by statistics on flooding losses in Europe, which have generally decreased thanks to investment in flood protection and control.” Torsten Jeworrekm Munich Re Board member
Briefs
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Events
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Advertisement
Articles
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Features
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Data
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Interviews
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Facts
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
