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Finance Secretary reviews PSU insurance strategyFinancial services secretary M Nagaraju reviewed strategy documents for four public sector insurance companies. He directed them to boost i...- NICL Assistant Recruitment 2024: Registration to open on October 24 for 500 assistant positions; Here's how to applyNICL is recruiting for 500 Assistant posts. Registration starts on October 24 and ends on November 11, 2024. Candidates need a graduation d...
- Centre infuses ₹5,000 crore into 3 state-run insurance companiesA notification issued by the finance ministry on April 13 said that for NICL the authorised capital will now be ₹15,000 crore, for OICL it ...
- Cabinet clears amendments to GIBNA for insurance PSU privatisation; may table Bill this sessionThe amendment to GIBNA was approved by the Union Cabinet on Wednesday, the sources said, adding the Bill seeks to enable greater private pa...
- Cabinet Clears amendments for privatisation of general insurance firmLast year, the government had provided capital support to National Insurance, Oriental Insurance and United India Insurance to meet regulat...
- Govt readies amendments to GIBNA for insurance PSU privatisation; may table Bill in monsoon sessionThe Act, which came into force in 1972, provided for the acquisition and transfer of shares of Indian insurance companies and undertakings ...
- HC raps IRDAI for turning blind eye to non-implementation of Mental Healthcare lawThe court's observations came while hearing a woman's plea whose claim for reimbursement of costs for treatment of schizophrenia were rejec...
- Government may consider Oriental Insurance or United India for privatisationTo further strengthen their financial health, the government is expected to infuse Rs 3,000 crore in the public sector general insurance co...
- Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarterThe cabinet had also decided to increase the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and th...
- Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: SourcesEarlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak financ...
- Sebi bans NICL India, directors from marketsThe ruling has come more than three years after the regulator had passed an interim order in January 2015.
- Former Pakistani PM Shaukat Aziz named in Paradise PapersAziz had set up the trust in the US state of Delaware before becoming finance minister in 1999. He was working for financial giant Citibank...
- Stockholding Corporation ties up with Payoye to enable QR code based paymentsStockholding is a government company, a subsidiary of IFCI, and is a market leader in providing financial services for over 26 years.
- SBI joins hands with NICL to offer non-life cover under Pradhan Mantri Suraksha Bima YojanaThe bank will offer personal accidental death and disability cover of Rs 2 lakh under the scheme, it said in a release.
- Pak anti-corruption watchdog chief cleared in graft casePakistan's anti-corruption watchdog chief has rejoined office today after being given a clean chit by National Accountability Bureau.
- Pakistan's NAB chairman goes on leave after SC orders actionNAB chief went on a long leave citing personal reasons. He sent his leave application to President Mamnoon Hussain, Geo news reported.
- NICL scam: CBI files charges against Reliance Industries Limited, 4 retired insurance firm employeesThe CBI has also sought prosecution sanction against five serving NICL employees, according to a status report from the Central Vigilance C...
- Journalists can't be forced to disclose sources: Pakistan Supreme Court panelPakistani Supreme Court panel gave the ruling yesterday while dismissing Interior Min Rehman Malik's appeal against a journalist of The New...
- Insurance Co cannot deny reimbursementAn insurance company cannot escape the liability of reimbursing expenses incurred on life saving external aids like pacemaker.
- 'Insurance cos can't define theft'Holding that the insurance company cannot alter with the statutory definition of 'theft', a consumer court has directed them not to add pre...
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