Indian News

Cabinet approves Industrial Relations Code Bill

  New Delhi: The Centre approved on Wednesday the Industrial Relation Code Bill, which is the third code under labour reforms.   The government wants to codify 44 central labour laws into four broad codes.   While the Code on Wages has already been approved by Parliament, the...

Assam govt to gift 10 gm of gold to every bride

Eco/Invest/Demography, Wealth Management       Nov 20, 2019

  Guwahati: The Assam government on Wednesday announced that it will gift 10 grams of gold to every adult bride, if she has studied at least up to class 10 and her marriage is registered. There are some other conditions as well to avail the benefit...

Cabinet approves a single regulator for all financial services in GIFT City

Eco/Invest/Demography, Non-Life, Pension, Regulation       Nov 20, 2019

  New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Union Cabinet chaired by the Prime Minister Narendra Modi has approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) at GIFT City in Gujarat, a move that...

Cabinet approves strategic disinvestment of BPCL, 4 other PSUs

Eco/Invest/Demography       Nov 20, 2019

  New Delhi: In the biggest privatisation drive ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor, as well as decided to cut shareholding in select public sector firms below 51...

 Organisations must review outsourcing arrangements to mitigate geopolitical risk: Gartner

Eco/Invest/Demography, Risk Management       Nov 20, 2019

  BENGALURU: Fears of geopolitical instability may impact the global offshore services market, as sourcing, procurement and vendor management executives review their options to mitigate risk, according to Gartner, Inc.   The offshore outsourcing market has been relatively stable in recent years, with organisations using a mix...

Sebi hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr

Eco/Invest/Demography, Wealth Management       Nov 20, 2019

  New Delhi: With a view to keep retail investors away from portfolio management schemes (PMS), Sebi on Wednesday decided to raise the minimum investment amount of clients for such schemes to Rs 50 lakh from the earlier Rs 25 lakh.   Besides, it has decided to...

No proposal to link social media accounts of individuals to Aadhaar: Ravi Shankar Prasad

   New Delhi: The government has no proposal for linking Aadhaar with social media accounts of individuals, Parliament was informed on Wednesday.   "There is no such proposal with the government for linking Aadhaar with social media accounts of individuals," Information Technology Minister Ravi Shankar Prasad said...

Now insurers don't need a surveyor to settle Cyber,Motor theft,Crop claims:IRDAI

  Hyderabad: The insurance regulator IRDAI on Tuesday has enlarged the class of business or line of business (LoB),like claims under  insurance policies including travel and personal accident covers and claims under Aviation Hull insurance policies and Cyber insurance policies,those need not mandatorily use licensed surveyors...

SBI Life's Roop Kumar to chair RIMS India Regional Advisory Group

Non-Life, Risk Management       Nov 18, 2019

  NEW YORK: US based ``The Risk and Insurance Management Society, Inc (RIMS)'' announced the appointment of N.K.V. Roop Kumar,EVP & Chief of Risk, Info & Cyber Security Management of SBI Life Insurance Company, as chair of RIMS Regional Advisory Group in India.   RIMS Regional Advisory...

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