Indian News

IRDA asks insurers to settle Amphan claims expeditiously

  Hyderabad: The segment regulator IRDAI has asked the insurers to initiate immediate steps for quick registration and disposal of claims out of devastation caused by the cyclone Amphan in the parts of Odisha, West Bengal and other neighboring states.   Chief Minister Mamata Banerjee said 80...

COVID-19 death toll climbs to 3,583 in India

  New Delhi: The death toll due to COVID-19 rose to 3,583, while the number of cases climbed to 1,18,447 in the country, registering an increase of 148 deaths and 6,088 cases since Thursday 8 am, according to the Union Health Ministry.   The number of active...

US class action lawsuit against Infosys & top brass dismissed

Eco/Invest/Demography, Risk Management       May 22, 2020

  New Delhi: Infosys on Friday said a class action lawsuit filed against the company and some of its employees in the US District Court has been dismissed.   The move comes after whistleblower complaints alleging certain unethical practices by the top management emerged in October last...

Maha fixes price cap on pvt hospitals treating COVID-19 cases

Mumbai: The Maharashtra government has come out with three slabs on per day charges on treatment of COVID-19 patients in private and charitable hospitals and also decided to regulate rates for 80 per cent of the operational bed capacity in these medical facilities.   Non-government health...

RBI slashes repo rate by 40 bps,says GDP growth in negative territory in 2020-21

   MUMBAI: The Reserve Bank of India on Friday,in line with the industry expectations, slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain the spread of the novel coronavirus.  ...

Atul Sahai,CMD, New India Assurance

IRDA to revamp Trade Credit Insurance regulations,to make it more MSME friendly

  Hyderabad: A panel constituted by the insurance regulator IRDAI under leadership of Atul Sahai,CMD, New India Assurance, to overhaul the existing guidelines on Trade Credit Insurance(TCI),has  proposed several changes in the existing guidelines in order to improve the credit insurance market and at the same...

Not expecting significant growth for insurance industry this year due to coronavirus impact: Bajaj Life Insurance

Life       May 21, 2020

  Mumbai: Bajaj Allianz Life is not expecting significant growth for insurance industry this year due to coronavirus impact on the economy, a top company official has said. However, the insurer said, customers will like to buy policies online.   "I think this is an year of...

72 dead in Bengal, have never seen such devastation: Mamata appeals to PM

   Kolkata: At least 72 people have died in West Bengal due to Cyclone Amphan, West Bengal Chief Minister Mamata Banerjee said on Thursday and urged Prime Minister Narendra Modi to visit the affected districts and provide help to "rebuild those areas from scratch".   The chief...

One check-in bag to fare control: Govt issues guidelines for domestic flight operations from May 25

New Delhi:  A day after announcing resumption of domestic commercial passenger flights from May 25, the Civil Aviation Ministry on Thursday issued detailed guidelines or standard operating procedure (SOP) for airlines, airports, passengers and other stakeholders.   According to the SOP, all passengers must have the...