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Govt to infuse Rs 830 bn in PSU banks, yet to decide on recapitalisation of 3 PSU general insurers
Though, the three public sector general insurance companies, United India Insurance,Oriental Insurance Company and National Insurance Company,require capital from the government to achieve the required solvency ratio of 1.5, there has been no response from it so far.Officials from these general insurers point out that these companies together require over Rs 8,000 crore of capital to attain the required solvency ratio
BoI eyes Rs 1200-cr from exiting life insurance arm Star Union
Star Union Dai-ichi Life Insurance, which commenced operations in February 2009, is a joint venture between Bank of India, Union Bank of India and the Japanese major Dai-ichi Life Insurance Company.The company has negligible market share in the 24-player industry dominated by the national insurer LIC
Govt plans Rs 12,000-levy on petrol, diesel cars to spur EV demand: Report
Under a new policy that is nearing finalisation, National Institution for Transforming India (NITI), a government policy think-tank, has proposed incentives of up to Rs 25,000 -50,000 be directly transferred to EV buyers, ensuring that gains are not pocketed by auto manufacturers, government officials told TOI.
India will need 2,300 planes worth $320 bn in 20 yrs: Boeing
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