'...yet struggles to convert that human capital into domestic productivity.'
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.
Tejashwi Yadav, the INDIA bloc's CM candidate, promised to scrap the Waqf (Amendment) Act if voted to power in Bihar, criticizing the current CM and the BJP.
Chatterjee had quit the TMC in November 2018, resigning as minister, mayor and district president, citing personal reasons.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
'It will support our growth aspirations. It's very positive as it helps expand the market in a segment that really needs it.'
The West Bengal government has transferred over 500 bureaucrats ahead of the Special Intensive Revision (SIR) of electoral rolls. The move has drawn criticism from the opposition BJP, who allege it is an attempt to manipulate the electoral process.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
'It's a dream that I have achieved.'
Those who have long retirement horizons of 15 to 20 years and seek higher long-term returns may opt for MSF. Investors nearing retirement (under 10 years) or those with low risk tolerance should stay away.
The Navi Mumbai International Airport will be inaugurated on October 8, Adani Group chairman Gautam Adani said on Wednesday. The airport, which received the aerodrome licence from aviation safety regulator DGCA on Tuesday, is being developed in multiple phases.
The Unified Pension Scheme (UPS) adoption rate has risen to over 4.35 per cent, with more than 100,000 people out of 2.3 million eligible individuals opting for it, Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann said in an exclusive interview with Business Standard on Monday. He also said that six states had approached the PFRDA for help in adoption of the scheme.
'The informal sector can grow at a 100 per cent rate -- we have to plan big.'
The All India Insurance Employees' Association has opposed the government directive seeking to open up top posts in the state-owned insurers to the private sector, saying this would lead to greater private influence and "eventual privatisation".
The mobile app enables commuters to book a single QR-based digital ticket usable across Metro, Monorail, buses and local trains in the city and surrounding regions.
To handle the sudden loss of cashless facility, patients should maintain an emergency fund or a short-term credit line to manage all or part of hospitalisation costs.
Five associates of controversial cleric Maulana Tauqeer Raza have been issued recovery notices of over Rs 1.25 crore for alleged power theft at e-charging stations in Bareilly. Authorities are cracking down on illegal activities linked to the cleric and his associates.
Cuttack remains tense following violence during a Durga idol immersion procession. Internet services are suspended, and political leaders appeal for communal harmony.
The West Bengal Police on Tuesday afternoon reconstructed the crime scene with the five accused and the friend of the Durgapur gangrape victim, as part of the investigation, a senior officer said.
Part-I of this three-part series dives into Delhi-NCR's SPR, Sohna, Dwarka Expressway, and Jewar Airport leading the charge.
Security was beefed up in Bareilly after violence following Friday prayers the previous week. Prayers passed off peacefully with heavy security presence and appeals for peace from religious leaders. Restrictions remained in place and arrests were made in connection with the previous violence.
Police on Monday detained a close associate of cleric and Ittehad-e-Millat Council chief Tauqeer Raza Khan in connection with the recent violence in Bareilly during a protest in support of the 'I Love Muhammad' campaign, officials said.
A monorail train in Mumbai experienced a technical malfunction, causing it to halt. All passengers were safely rescued. This is the second such incident in less than a month.
Authorities in Bareilly have identified and are taking action against allegedly illegal properties linked to associates of Ittehad-e-Millat Council (IMC) chief cleric Tauqeer Raza Khan following violent clashes in the city.
Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
Mumbai is home to India's only monorail system, which runs on a 19.74 kilometre route between Sant Gadge Maharaj Chowk (Saat Rasta) in the island city and Chembur in the eastern part of the metropolis. The first phase, covering 8.26 km, was commissioned in February 2014, while the remaining 11.28 km stretch was opened to the public in March 2019.
'Developers have started offering 70% to 100% extra area and beyond.' 'If the market cycle shifts -- as many are already predicting with signs of price saturation and reduction -- most recent redevelopment projects will unravel.'
The MMRDA, which operates the monorail services in the metropolis, also initiated a high-level inquiry into the August 19 incident, officials said.
Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
The Army unit deployed in Ashti successfully evacuated 40 people with the help of an NDRF team and other agencies.
The land pooling policy aims to kick-start a new wave of urbanisation in the predominantly rural state.
Asim Munir will have to find a well trusted aide to fill the crucial ISI post's when Asim Malik retires soon.
The life and non-life insurance industries are hopeful of a reduction in the goods and services tax (GST) on health and life insurance premiums, after Prime Minister Narendra Modi, in his speech on Friday, announced GST relaxations aimed at providing relief to ordinary citizens, farmers, the middle class, and the small and medium enterprises (MSME) sector.
A Monorail train in Mumbai halted due to a power failure amid heavy rains, stranding approximately 200 passengers. Rescue operations were conducted, and an inquiry has been ordered into the incident.
Tamil Nadu has been been churning out top-tier chess for decades at an unrivaled rate. Out of the 85 Grand Masters in India, 31 are from the southern state.
The Insurance Regulatory & Development Authority of India (Irdai) on Wednesday proposed setting up an internal insurance ombudsman for insurance companies -- except reinsurers-- with over three years of operation, to address unresolved complaints. The ombudsman will have power to hear complaints for claims up to Rs 50 lakhs.
Authorities continue evacuating stranded pilgrims from areas around Dharali village in Uttarkashi, focusing on air rescue and relief operations due to damaged roads. Chief Minister Pushkar Singh Dhami is overseeing the efforts, with central government support.
Chennai Open back on WTA calendar after three years
Understand policy inclusions and exclusions to avoid surprises during claims.
The Maharashtra government will grant legal status to subdivided land parcels up to January 1, 2025, by relaxing and gradually scrapping the land fragmentation law. This decision aims to resolve legal hurdles related to property registration, construction permissions, and ownership for over 50 lakh families.
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