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EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17

by AIP Online Bureau | Feb 21, 2018 | Indian News, Pension & Social Security

New Delhi: Retirement fund body EPFO today lowered the rate of interest on employees provident fund to 8.55 per cent for its over 6-crore subscribers for 2017-18, from 8.65 per cent in the previous fiscal.   "It is difficult to evaluate about future in view...

Premium On Mega Healthcare Scheme To Be Rs. 900-1,000: NITI

by AIP Online Bureau | Feb 21, 2018 | Health, Indian News

New Delhi: Government's premium on insurance cover of Rs. 5 lakh for every eligible household under the new National Health Protection Scheme (NHPS) would be around Rs. 900-1000 per family annually, lower than the earlier estimate of Rs. 1000-1,200, a senior NITI...

More baby girls than boys die in India, as parents neglect healthcare: UN

by AIP Online Bureau | Feb 21, 2018 | Data, Health

MUMBAI: Parents are less likely to seek treatment for a sick baby girl than a boy in India, where more female infants die within the first month of being born, the United Nationssaid.    More babies die in India than any other country, with 600,000 deaths...

Workers demand Rs 15K minimum pension under EPS-95

by AIP Online Bureau | Feb 20, 2018 | Indian News, Pension & Social Security

New Delhi; The National Coordination Committee EPS 95 today demanded that the minimum monthly pension under the scheme, which is run by the retirement fund body EPFO, should be fixed at Rs 15,000. "We are demanding Rs 15,000 minimum monthly pension under the...

ESIC draws plan to cover 10-cr formal sector workers by 2022

by AIP Online Bureau | Feb 20, 2018 | Health, Indian News

New Delhi:  State health insurer Employees State Insurance Corporation (ESIC) has given its in-principal approval to cover 10-crore formal sector workers under its programme “Vision 2022” that envisages expansion of ESI scheme to every district of the...

India 12th among 52 lower middle-income nations having highest infant mortality rates

by AIP Online Bureau | Feb 20, 2018 | Data, Health

New Delhi: India ranks 12th among 52 low-middle income countries having highest infant mortality rates with over six lakh children dying within the first month of their birth in 2016, a report by UNICEF says.   With the neonatal mortality rate being recorded at...

Over 5,000 life insurance claims under PMJDY so far

by AIP Online Bureau | Feb 18, 2018 | Data

As many as 5,177 life insurance claims for Rs 30,000-life cover provided under the Pradhan Mantri Jan-Dhan Yojna (PMJDY) were received since the scheme's inception, a query under the Right to Information has revealed.      As of...

FPIs pull out a staggering Rs 6,850 crore from stocks so far in February

by AIP Online Bureau | Feb 18, 2018 | Data

New Delhi: Foreign investors have pulled out so far this month a staggering $1 billion or Rs 6,850 crore from the Indian stock market in the wake of sell-offs globally.    This is against the total inflow of over Rs 13,780 crore by foreign portfolio...

Prem Watsa earns a net profit of $930 mn from stake sales in ICICI Lombard General

by AIP Online Bureau | Feb 18, 2018 | International News

Toronto: Windfall gains from its Indian insurance operations have swung  Prem Watsa's Canada-based Fairfax Financial Holdings to the profit in the fiscal year 2017. Aided by a massive profit in its ICICI Lombard deal, the multinational re/insurer...

Sex ratio at birth dips in 17 of 21 large states, Gujarat records 53 points fall

by AIP Online Bureau | Feb 17, 2018 | Data

The sex ratio at birth (SRB) saw a decline in 17 out of 21 large states of the country, with Gujarat recording an alarming dip of 53 points, a report released by the Niti Aayog stated and stressed on the need to check sex-selective abortion.     ...
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