Health insurance premium growth has slowed after touching record highs during the Covid-19 pandemic due to tapering demand from retail consumers amid affordability issues. According to General Insurance Council data, health insurance premiums grew by 10.44 per cent year-on-year (Y-o-Y) in the Apr-Jan period of FY25 in comparison with 20.79 per cent in the year-ago period. It was around 23.57 per cent in FY23, and 25.89 per cent in FY22.
The Lokayukta police probing the Mysore Urban Development Authority (MUDA) site allotment case on Wednesday said that the charges against Karnataka Chief Minister Siddaramaiah and his wife Parvathi could not be proved for want of evidence.
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Maharashtra Deputy Chief Minister Eknath Shinde, amid reports of growing discord with Chief Minister Devendra Fadnavis, has issued a warning, stating, "Don't take me lightly." Shinde's remarks come amidst a series of events suggesting tensions between the two leaders, including the appointment of guardian ministers for Raigad and Nashik, the establishment of separate project monitoring cells, and Shinde's absence from several meetings convened by Fadnavis. The recent downgrading of police security for 20 Shiv Sena MLAs further fuels speculation of a growing rift. While both leaders have denied any discord, the events suggest a power struggle within the ruling alliance.
New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
A proposal by the Mysuru City Corporation (MCC) to rename a stretch of road in the city after Karnataka Chief Minister Siddaramaiah has sparked strong objections from the opposition JD(S) and citizens. The proposal, which calls for naming a stretch of KRS Road as 'Siddaramaiah Arogya Marga', has been met with criticism, with the JD(S) calling it a "betrayal and insult" to the city's history and the state. The proposal has also drawn ire from RTI activist Snehamayi Krishna, who alleges that the road holds historical significance and that Siddaramaiah is an accused in the MUDA site allotment case. Citizens have also voiced their objections to the proposal, and Krishna has announced her intention to challenge it legally.
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Capital market regulator Sebi on Tuesday rejected the competing open offer made by the US-based entity Danny Gaekwad Developments & Investments for acquisition of Religare Enterprises Ltd (REL) as it did not meet necessary regulations.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
An RTI activist, Snehamayi Krishna, has alleged that a person claiming to be the personal assistant of Karnataka Chief Minister Siddaramaiah's wife, Parvathi B M, attempted to lure and pressure him and his son to drop their demand for a CBI probe into the MUDA site allotment scam. Krishna claims that he was offered money in exchange for not pursuing the case further. The incident comes amidst ongoing investigations by the Lokayukta and ED into the alleged irregularities in the allotment of land to Parvathi.
The Delhi government is embroiled in multiple litigations with the Lieutenant Governor in the Supreme Court including its plea challenging the Centre's law establishing pre-eminence of the LG over the elected dispensation in controlling services in the national capital.
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From disagreement over guardian minister's post to taking separate review meetings to separate medical cells and 'war rooms' for monitoring projects, the unease between Maharashtra Chief Minister Devendra Fadnavis and his deputy Eknath Shinde seems to be growing.
'It is imprudent on the part of Indian insurance companies to invest out of the shareholders' fund in a private limited company.'
'With a very stable technology with limited functionalities, a large network has spanned out.'
Following the Supreme Court's verdict on bulldozer action, victims of demolition drives in Uttar Pradesh are seeking compensation for their losses. The court ruled against arbitrary demolitions without prior notice, prompting victims to pursue legal action. The Uttar Pradesh government maintains that demolitions were carried out following due process and on properties built on encroached lands.
Siddaramaiah, his wife, brother-in-law B M Mallikarjun Swamy, Devaraju -- from whom Swamy had purchased a land and gifted it to Parvathi -- and others have been named in the FIR registered by the Lokayukta police establishment, located in Mysuru on September 27, following the order of the Special Court that exclusively deals with criminal cases related to former and elected MPs/MLAs.
More than 55.11 lakh devotees had taken the holy dip till 8 am, according to the Uttar Pradesh government.
On Republic Day the President recognised the daring rescue of 41 workers trapped in a tunnel for 17 days in 2023 by humble rat-hole miners. The award hopefully will bring the forgotten superheroes back into the light.
A 45-year-old passenger fell to his death from an air-conditioned Uttar Pradesh roadways bus after he opened its door to spit 'pann' as the vehicle moved through the Purvanchal Expressway. The incident took place on Saturday morning near Bihi village in the Baldirai police station area. The deceased, Ram Jiavan, was a resident of Chinhat area in Lucknow. The bus has been taken to the police station for further investigation and the body has been sent for post-mortem.
'We have opened 100 branches in the last one and a half years. Our manpower is also in place.'
Ahead of the Basant Panchami Amrit Snan at the Maha Kumbh, top officials are emphasizing the implementation of "zero error" directives to prevent a repeat of the deadly stampede that occurred during a previous snan. The Uttar Pradesh government has deployed senior IAS officers with experience in crowd management and inter-agency coordination to oversee the event.
The Jammu Development Authority (JDA) demolished a dozen shops belonging to displaced Kashmiri Pandits in Jammu city, allegedly without issuing notices, sparking protests from various sections demanding action against the officials. The shops were located on JDA land and had been built by displaced Kashmiri Pandits near the Muthi camp three decades ago. The demolition drive sparked outrage from political parties, including the BJP, PDP and Apni Party, and several Kashmir Pandit organisations, who condemned the JDA's action and called for the construction of new shops to help the displaced community sustain their livelihood.
In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.
Following a stampede at the Maha Kumbh that killed 30 people, the Uttar Pradesh government has stepped up security measures and crowd management efforts. Despite the tragedy, millions of devotees continue to flock to the religious gathering, undeterred by the pre-dawn chill and dense fog. Security forces are being deployed in larger numbers, and new restrictions will be imposed at key locations to prevent further incidents. The authorities are also conducting a thorough review of the arrangements in the Mela area, and several officials are being assigned to oversee operations until February 12.
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Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
Prime Minister Narendra Modi on Friday slammed the Aam Aadmi Party as an 'aapda' (disaster) for Delhi, saying this 'aapda' had taken the national capital in its grip in the past 10 years.
Newly-crowned World chess champion D Gukesh returned to Chennai on Monday to an enthusiastic reception his fans.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
The Enforcement Directorate on Monday booked Karnataka Chief Minister Siddaramaiah and some others in a money-laundering case linked to the Mysuru Urban Development Authority, taking cognisance of a recent state Lokayukta first information report (FIR), official sources said.
Let's Make Savings As Exciting As Spending. This World Savings Day, rediffGURUS Nitin Narkhede, Milind Vadjikar and Ramalingam Kalirajan are all set to answer your queries on savings and investments.
Protesters in Imphal, Manipur stormed the residences of two ministers and three MLAs, demanding justice for the murder of three people in Jiribam district. The mob attacks prompted authorities to impose curfew in Imphal West district. The protests followed the discovery of three bodies, suspected to be of six missing people from Jiribam district, near the Manipur-Assam border.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
The MUDA office in Mysuru and some other locations are being raided by the federal probe agency officials along with an escort of a central paramilitary force, the sources said.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
Maharashtra Chief Minister Eknath Shinde on Sunday said the state assembly polls are expected to be held in the second week of November and seat-sharing among the ruling allies would be finalised in the next 8 to 10 days.
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Krishna was unable to attend the court on Tuesday as he had to appear before the Lokayukta police following a notice issued to him by the investigation officers probing the MUDA site allotment case against Karnataka Chief Minister Siddaramaiah and others, sources close to him said.
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