Indian

Modi’s flagship crop insurance scheme loses momentum as coverage area reduces

Mar 25, 2018

As per the government’s targets, the coverage in 2017-18 should have increased to 40 per cent but has actually reduced to 24 per cent.The crop insurance scheme has also witnessed a 14 per cent drop in the number of farmers insured to 47.9 million in 2017-18 from 55.3 million in 2016-17.

Sebi plans to lower expenses charged by mutual funds

Mar 25, 2018

The regulator is also looking to amend the regulatory framework to enable disclosures related to mutual funds in investor-friendly electronic form.Under this, mutual fund houses need to prominently disclose on a daily basis the total expenses charged to customers for all schemes under a separate head on their websites. Besides, they need to communicate to investors latest net asset value (NAVs) through SMS following a request from the unitholder.

SAT sets aside IRDAI’s order suspending E-Meditek Insurance TPA’s license without notice

Mar 24, 2018

SAT has asked the insurance regulator IRDAI to pass a new order after providing an “opportunity of hearing’’ to E-Meditek Insurance TPA(as expeditiously as possible.

UIDAI dismisses report of data leak, says Aadhaar remains safe

Mar 24, 2018

UIDAI argued that mere availability of Aadhaar number with a third person “will not be a security threat to the Aadhaar holder” nor will it lead to financial or other fraud. This is because a transaction is contingent upon a successful authentication through fingerprint, Iris or OTP of the Aadhaar holder, UIDAI said.

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