by AIP Online Bureau | Dec 6, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation
Against this backdrop, Sebi has decided to dispense with the requirement of calculating 60 days’ VWAMP for the determination of open offer price in case of disinvestment of PSU companies wherein it results in its change in control, either by way of direct...
by AIP Online Bureau | Dec 6, 2022 | Disaster & Management, Eco/Invest/Demography, Non-Life
Reviewing preparedness of the states/UT and central agencies, Cabinet Secretary Rajiv Gauba, stressed that preventive and precautionary measures should be taken by the authorities concerned of state/UT governments and the central agencies concerned. The aim should be...
by AIP Online Bureau | Dec 6, 2022 | Data, Eco/Invest/Demography
To promote natural farming, the central government has approved the National Mission on Natural Farming as a separate scheme with an expenditure of Rs 1,584 crore, said Union agriculture minister Narendra Singh Tomar while addressing the National Conference on Soil...
by AIP Online Bureau | Dec 6, 2022 | Indian News, Non-Life
In a statement, the company said it has initiated a voluntary recall campaign for certain Urban Cruiser Hyryder units to investigate for a possible issue with front seat belt shoulder height adjuster plate assembly New Delhi: Toyota Kirloskar Motor on Tuesday said it...
by AIP Online Bureau | Dec 6, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Asia’s second-largest reinsurance company, Korean Re, will no longer be providing reinsurance 1 for new coal mining or power plant construction from next month. Over 60 percent of the global reinsurance market, including reinsurers such as Hannover Re and Swiss Re,...
by AIP Online Bureau | Dec 6, 2022 | Banking & Bancassurance, Indian News, Policy, Regulation
The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The government and Life Insurance Corporation of India together hold 94.71% in IDBI Bank and are looking to sell 60.72%. New Delhi: The Indian government will allow a...
by AIP Online Bureau | Dec 5, 2022 | Eco/Invest/Demography, International News
The UK and EU will also introduce a ban on maritime services for the transport of Russian oil, including to third countries. The list of banned services includes insurance, brokerage and crucially the EU-based tanker fleet including ships owned in Greece and Cyprus....
by AIP Online Bureau | Dec 5, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security
According to the letter, the central government’s contribution to old-age pensions under the National Old Age Pension Scheme (NOAPS) has stagnated at just Rs 200 per month since 2006. The letter said the central government’s contribution should be...
by AIP Online Bureau | Dec 5, 2022 | Indian News, Life, Non-Life
Deloitte, the process advisor of Reliance Capital Ltd (RCL) Administrator Y Nageshwar Rao, is of the opinion that the value of the bids is almost 70 per cent below the liquidation value of Rs 13,000 crore, sources said. Mumbai: Differences have emerged between lenders...
by AIP Online Bureau | Dec 5, 2022 | Facts, Health
According to estimates, India will record 19 to 20 lakh cancer cases by the end of 2022, although the actual incidence is 1.5 to 3 times higher, a lot of which goes undocumented In India during 2020, the combined age-standardized rate for all cancers, excluding...
