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Odisha is the most disaster prone state in the country:15th Finance Commission
A Disaster Risk Index (DRI) has been prepared by the FFC that assigns scores to each state based on probability and vulnerability.
“It is the first attempt to include state-level disaster risk scores in resource allocation and address a serious deficiency in the previous state-level allocations for disaster management,” the commission said in its report tabled in Parliament on Saturday.
LIC listing could come in second half of FY21, says Finance Secretary
IRDAI allows re/insurers to launch ART Solutions with its prior approvals
“In case, the re/insurer intends to adopt ART, non-traditional structured solutions, Financial Re-insurance, then it shall take prior approval of the IRDAI,” said IRDAI.The insurers have to inform the IRDAI on or before 1st March of every year about any such proposed re-insurance arrangement to be entered in to by the insurer.
Divestment to help both LIC, government: Jayant Sinha
There are three benefits from the disinvestment of the LIC – it will be strengthened with the listing with share market, which requires reporting every month. It will also bring in accountability, transparency and efficiency,” the MP from Hazaribag said.To a query on the fate of policy-holders, he said all of them will get every benefit assured in their policies as there is no connection between the disinvestment initiative and policies.
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