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Jharkhand Cabinet approves proposal to grant up to Rs 5 lakh for treatment of critical diseases

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Health, Indian News

Ranchi: The Jharkhand Cabinet has approved a proposal to grant up to Rs 5 lakh towards medical treatment of critical diseases to people of the state with an annual income of less than Rs 8 lakh, a government official said here on Wednesday.   Now the criterion to...

Ayushman Bharat beneficiaries to get assistance of up to ₹15 lakh under RAN

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Health, Indian News

New Delhi: Ayushman Bharat beneficiaries not covered under various packages of the insurance programme and requiring high-cost treatment will be able to get financial assistance of up to ₹15 lakh under the Rashtriya Arogya Nidhi (RAN) scheme, an office memorandum...

I-T Dept to share taxpayers’ PAN, other data with SEBI to help in stock market-related probes

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: The Income Tax Department will share all taxpayers' data like PAN information with Sebi in order to help the capital market regulator in its probe against various entities, including those involved in 'stock market manipulation', an...

Cabinet approves Rs 2,500 cr of capital infusion in 3 PSU gen insurance cos

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: The Union Cabinet on Wednesday approved a proposal for capital infusion and immediate release of Rs 2,500 crore for three public sector companies on account of their critical financial conditions.   The decision came after United India...

Prolonged slide in financial health of Indian firms comes to end

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News

Mumbai: The lingering effects of India’s shadow banking crisis and slowing economy have left companies’ financial health around the worst levels in years, but one gauge shows the prolonged deterioration has at least halted for now.   Care Ratings Debt...

Renewable insurance plays an important role in Asia’s energy transition:Willis Towers Watson

by AIP Online Bureau | Feb 12, 2020 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography

  SINGAPORE, Willis Towers Watson today launched its inaugural Renewable Energy Market Review for 2020. The Review identifies several new realities that the industry needs to face up to at the beginning of the new decade.   These new realities include:...

IAI to host 3-day 21st Global Conference of Actuaries in Mumbai from Feb 17

by AIP Online Bureau | Feb 12, 2020 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance

  Mumbai:  Institute of Actuaries of India (IAI)  all set to organise the 21th Global Conference of Actuaries from 17th February to 19th February, 2020 in Mumbai.  The global conference will be conducted with a flavour of grandeur and admiration of...

SBI Gen Insurance records a PBT at Rs 387 cr, u/w profit of Rs 14 cr in Apr- Dec 

by AIP Online Bureau | Feb 12, 2020 | Indian News, Non-Life

  Mumbai: SBI General Insurance, one of the leading general insurance companies in India, has recorded a profit before tax of Rs 387 cr for 9M FY 19-20 vis-à-vis Rs 378 cr for 9M FY 18-19.  SBI General recorded its sustainable underwriting profit of...

Coronavirus adds risk to India’s nascent recovery: Krishnamurthy Subramanian

by AIP Online Bureau | Feb 11, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

NEW DELHI : A nascent recovery in India’s economy faces "unknown" risks from the coronavirus outbreak, according to a top government adviser. “There are some green shoots, but I would be cautiously optimistic," Krishnamurthy Subramanian, the...

Bill Coen appointed chair of the IFRS Advisory Council

by AIP Online Bureau | Feb 11, 2020 | International News, Life, Non-Life, Pension & Social Security, Policy, Regulation

  London: The Trustees of the IFRS Foundation have appointed Bill Coen as Chair of the IFRS Advisory Council, effective immediately.   The Advisory Council supports the Trustees by providing strategic advice. Coen has been appointed to chair the Council and...
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