DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposureDHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential Internationa...
Insurers asked to make provisions for IL&FS, RCap defaults"Some insurers have already made adequate provisions for all non-standard accounts of IL&FS."
IL&FS downgrade: Returns on Ulips, insurance, NPS funds may be hit in short-termGiven that public sector behemoth LIC holds 25% stake in IL&FS, the ripples of the crisis are bound to be felt in the life insurance sector.
Strapped IL&FS may get a Rs 1,200-crore lifeline from LICThe non-banking finance company is looking to raise funds through a rights issue to shore up capital, reduce debt and recapitalise group co...
IRDAI in process to migrate to risk-based capital regimeIRDAI last year had set up a 10-member steering committee to help implement the new risk-based capital regime by March 2021.
HRD Ministry, department of schools is almost emptyMost civil servants in this department have been moved out to other roles in other ministries.
Government determined to put PM's ‘Swachh Vidyalaya’ project in placeWeary of losing time over funding issues, the Centre has also said that while private sector companies will be persuaded to provide funds.
Oil ministry cancels Punj Lloyd's contract for constructing RGIPTThe ministry wants to scale down the project to expeditiously complete it before the general elections scheduled next year.
Government plans a comprehensive system to extend oilfield contractsOilfields are leased to companies for 15-25 years, but before the lease expires the company needs to know if it will retain the field.
- Funds lapse for Rajiv Gandhi Petro Institute as partners spar over delays
The project may now be executed only by December 2014, according to EIL’s estimate.
- HRD's pvt plans to be costly affair
Govt's plans to turn to pvt sector could prove to be expensive affair.