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LIC should ask itself who is the boss: The policyholder or Arun Jaitley

Jun 27, 2015

LIC should ask itself who is the boss: The policyholder or Arun Jaitley

The finance ministry uses the LIC as an investor of the last resort when its disinvestment offerings bomb. Most of the LIC's actions evade public scrutiny as it is 100 percent owned by the govt. A listing would make it more accountable #Business #India #Disinvestment #nifty #CriticalPoint #Arun Jaitley #Indian Banks #LIC #insurance policy #insurance companies #Policyholder
Crop insurance is beginning to work, but it does not cover most farmers

Jun 16, 2015

Crop insurance is beginning to work, but it does not cover most farmers

From being a humongous loss-making operation, crop insurance is becoming marginally profitable. But the vast bulk of India's vulnerable farmers are not covered by it. #Economy #InMyOpinion #Agriculture #Crop insurance #kharif #General Insurance #Farm Distress #Hailstorm Losses
In bid to offset financial burden of foreign suppliers, govt launches Rs 1,500 cr nuclear insurance pool

Jun 13, 2015

In bid to offset financial burden of foreign suppliers, govt launches Rs 1,500 cr nuclear insurance pool

The government has launched an insurance pool to the tune of Rs 1,500 crore which is mandatory under the Civil Liability for Nuclear Damage Act (CLND) in a bid to offset financial burden of foreign nuclear suppliers. #World #India #NewsTracker #nuclear #Insurance Poll #Insurance Pool
Modi's income insurance idea not enough to win over angry farmers

Jun 03, 2015

Modi's income insurance idea not enough to win over angry farmers

Modi has already tried an income-based farm insurance scheme in Gujarat, with limited success - less than 10 percent of farmers opted into the scheme from 2013 as the method for calculating payouts was skewed against smaller farms. #Economy #Narendra Modi #Bharatiya Janata Party #ConnectTheDots #Agriculture #Farm insurance
Confident investors, low inflation signal govt has revived economy, says Modi

May 26, 2015

Confident investors, low inflation signal govt has revived economy, says Modi

The Indian economy is expected to grow at over 8 percent in the current fiscal, up from 7.4 percent in 2014-15. #GDP #Black money #Defence #Narendra Modi #FDI #TheySaidIt #fiscal deficit #Insurance #GST #Mudra
Centre relaxes norms to treat NRI investments as domestic

May 21, 2015

Centre relaxes norms to treat NRI investments as domestic

Investments by NRIs under under Schedule 4 of FEMA regulations will be deemed to be domestic investment at par with the investment made by residents, an official statement said. #Defence #Narendra Modi #FDI #PolicyWatch #Insurance #NRI #FEMA #PIO #OCI
Bank of India hints at 10-25 bps cut in base rate

Apr 24, 2015

Bank of India hints at 10-25 bps cut in base rate

The bank has already opened more than 1.82 crore accounts under various financial inclusion initiatives, out of which 70.2 lakh accounts have opened since the launch of the Jan Dhan Yojana, Bank of India chairman and managing director Vijaylaxmi Iyer said. #NewsTracker #Bank of India #New India Assurance #Jan Dhan Yojana #Vijaylaxmi Iyer #Pradhan Mantri Suraksha Bima Yojana #Pradhan Mantri Jeevan Jyoti Bima Yojana #Star Union Dai-ichi Life Insurance
Jibes and tall claims: PM Modi's three-nation tour showed weakness not strength

Apr 18, 2015

Jibes and tall claims: PM Modi's three-nation tour showed weakness not strength

PM Modi has been making too many claims, like he did in Germany and Canada, of bringing immediate transformation which appear to remain in the realm of wishful thinking. #Economy #India #UPA #Congress #coal #Banks #InMyOpinion #insurance companies #Prime Minister Narendra Modi #Jan Dhan Yojana