The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.
Subhas Chandra Bose was under house arrest, yet he pulled out a daring escape from his Elgin Road residence in Calcutta to Germany via Pakistan, Afghanistan, Russia...
President Droupadi Murmu addressed both Houses of Parliament, highlighting the government's achievements in various sectors, including economic growth, social welfare, and infrastructure development. She emphasized the government's efforts to lift the economy out of "policy paralysis" and create a more inclusive society. Murmu also acknowledged the challenges posed by digital fraud and cybercrime and stressed the need for a social infrastructure revolution. The President's speech is considered a policy statement, outlining the government's vision and roadmap for the future.
'I have no idea about such a medal. Never got one,' says Surya Shekhar Ganguly, the national chess champion between 2003 and 2008.
The size of the Indian financial services market could touch around $340 billion in the next few years.
Health insurance coverage should be hiked periodically to keep pace with medical inflation, or increase in healthcare costs.
The benefit offered under small-ticket insurance may not be huge, but it is better to have cover, suggests Sarbajeet K Sen.
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
While Sheffield Shield game for South Australia on a bouncy track would have been ideal preparation for Perth, Head feels that he will relax bit before resuming training for the India series.
Anik Jain, founder and CEO at Symbo, will answer your questions on insurance -- life, health, motor, travel, etc -- on a weekly basis.
In its latest transition, the company will also double up as an investment vehicle.
Two types of deductibles are associated with auto insurance -- compulsory and voluntary.
This will help expand the distribution channels, said Subhash Chandra Khuntia, chairman of the insurance regulatory and development authority of India.
A travel policy is not enough as most domestic ones do not provide health cover. On the other hand, only overseas travel plans cover hospitalisation, apart from travel-related risks.
The rise in premiums could be in the range of 5-25 per cent, depending on the features that each insurance company adds on its products. Insurance firms have been given time till September 30 to include modifications mandated by the regulator.
Want a stress free vacation? Amar Pandit tells you what you need to keep in mind.
Airlines earn ancillary revenues from freight, sale of food, drinks and gifts onboard, sale of travel insurance, hotel rooms and car rentals, through frequent flier programmes, and by trying to cross-sell other products like credit cards and medical insurance. Globally, airlines make 4-5 per cent of their revenues from ancillary sources.
The scheme would cover incidents like robbery and dacoity.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
In two years, the start-up Overqualified Housewives has helped over 6,000 women across India find flexible-job roles across India from salaries ranging between Rs 8,000 to Rs 80,000, making them financially independent.
'Exit the car and call for your vehicle to be towed.'
Any unexpected expense can disturb the finely-balanced budget of middle-class individual. That's when a motor insurance policy comes as a saviour
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
'Ajit Pawar is trying to sideline us; he is trying to be in the BJP's good books at our cost.'
This form of device-based insurance uses GPS to measure how much a car runs and the speed that it is run at.
Railway Minister Suresh Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways.
Here's how you can make buying insurance the cakewalk that it is, says Anit Jain
Flooding this monsoon underscores the need to buy home insurance, says Tarun Mathur.
Did you know that your home insurance covers valuables in bank locker?
Before you buy a cashless benefit plan at lower premiums, check if you can make full use of it. Most don't even exhaust the entire benefit.
Most traditional health insurance plans didn't cover the cost of such treatments earlier, but several recently launched policies do offer such coverage -- some as a rider, and a few as standalone covers, points out Sarbajeet K Sen.
There was a memorable meeting with a 'tall, elegant, beautiful girl', who had recently finished her 12th in the strongly tribal Jhabua district, Madhya Pradesh. 'I was shocked. In this whole sea of villages, I knew for sure there was no other 12th pass girl. I said I want to meet your father.' 'She brought her father, a daily-wage labourer. I asked him: "How come you decided to educate your girl till the 12th standard? You break stones for a living and you don't have a lot of money".' 'He just said one line and in that one line he said everything.'
The new Irda chairman's biggest challenge will be to give equal priority to the growth of the industry and customer welfare.
Insurance and investment are two different aspect of your personal finance. However, you will be the loser if you mix the two.
However, as of now, container availability has not been seen as an issue as adequate empties are available. The Red Sea strait is vital for 30 per cent of global container traffic and 12 per cent of global trade.
Since it began commercial operations from October six for six days a week, the train has maintained a tight schedule.
As soon as general insurers are freed from the shackles of standard products, they could offer a motor insurance policy that provides for settlement of full claims amount without any deductions for depreciation as per the current practice.
The launch coincides with the birthday of Congress Parliamentary Party Chairperson Sonia Gandhi.
'In the second half of 2024, about 60% of startup jobs will be taken by entry-level candidates with 0-3 years of experience.'
