Share prices of insurance companies rallied 2-8 percent in the morning trade on December 10 after a media report said that the government may raise the foreign direct investment (FDI) limit in the sector.HDFC Life Insurance Company, SBI Life Insurance Company and ICICI Prudential Life Insurance Company gained more than 2 percent each, while General Insurance Corporation of India climbed 4 percent and New India Assurance Company rose 7.8 percent."The government may raise the overseas investment limit in insurance to 74 percent in the February budget, up from 49 percent now, possibly paving the way for foreign control of companies," The Economic Times quoted people with knowledge of the matter as saying.Close The Insurance Regulatory and Development Authority of India (IRDAI) sought the views of stakeholders in a December 2 letter on the direction of the government. The letter, to insurance companies and others, has called for suggestions on raising the FDI … [Read more...] about Insurance stocks gain 2-8% on report of likely increase in FDI limit
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Life insurers get extension till January 2020 to withdraw old products
Life insurance companies have been given a two-month extension to withdraw products and riders that are not in tandem with the new product regulations. This is a good news for policyholders as they would have no sudden dearth of products to choose from, while for insurers this means that they have more time to get products out of the market.The Insurance Regulatory and Development Authority of India (IRDAI) had earlier asked insurers to withdraw products by November 30. But this deadline has now been extended to January 31, 2020.IRDAI said that they had received representations from Life Insurance Council and various other life insurers, requesting for an extension of the timeline. Insurers had sought an extension citing reasons like the need to ensure system preparedness and necessary training of personnel.Close However, the deadline to refile or modify existing products, which was fixed at February 29, 2020, will continue. This applies to products under the linked and non-liked … [Read more...] about Life insurers get extension till January 2020 to withdraw old products
Pradhan Mantri Awas Yojana Gramin: Types, eligibility, features and benefits
In 1985, the Government of India introduced a public housing scheme called Indira Awas Yojana. The chief objective of this scheme was to construct houses for the deprived sections residing in rural areas. In 1996, the project was taken under the aegis of the Ministry of Rural Development and aimed at eradicating rural poverty and empowering the people residing in rural areas through various development programs. From April 1, 2016, Indira Awas Yojana was restructured to become a part of the Pradhan Mantri Awas Yojana, a flagship project of the Government to provide affordable housing for all sections of the society. Pradhan Mantri Awas Yojana has two categories: Pradhan Mantri Awas Yojana Urban and Pradhan Mantri Awas Yojana Gramin.The mission of PMAY Gramin is to provide pucca houses equipped with basic amenities to every homeless person and those who currently reside in Kutcha and dilapidated homes by 2022. Features of Pradhan Mantri Awas Yojana GraminFollowing are … [Read more...] about Pradhan Mantri Awas Yojana Gramin: Types, eligibility, features and benefits
The Scientific Reasons Why Your To-Do List Is Bad For You
You probably already use a “to-do” list, and chances are you’ve at least heard of its close cousin, the “got-done” list. But the two approaches to managing your time and tasks aren’t created equal, and the research is steadily piling up on behalf of the latter. Here’s why you should consider switching to “got-done” lists, and how to get started. advertisement advertisement Intentions, Achievements, Values Studies have shown that focusing on past achievements can boost our creativity, productivity, and even happiness. And while we probably shouldn’t replace celebrating our wins with reflecting on our intentions, most of us could probably put the two in better balance. That’s where a “got-done” list comes in. To build one, start by taking an inventory of your values. Organize the areas of your life into a few key categories. Here are mine: Health and wellness Career and impact Family and … [Read more...] about The Scientific Reasons Why Your To-Do List Is Bad For You
Politics | Jharkhand elections, ‘Samadhan’ and the Maoists
Manoranjan MohantyDespite the boycott call given by the Maoists, the voter turnout in the Jharkhand assembly elections has been significantly high: 62.87 per cent in the first phase of the polls held on November 30, and 64.39 per cent in the second phase on December 7.Even though three more phases are to follow, the region where the Maoist movement is most active has been already covered with the deployment of over 42,000 security personnel. Does it mean that the Maoist ability to enforce their call is limited, thus indicating a sharp decline of their influence? Or was the call a routine ideological statement rejecting the electoral process as sham mode of people’s representation? Or did it show a strategic ambiguity of a movement that has debated this question for five decades as to whether the institutions of parliamentary democracy should be used as a part of the wider political movement as CPI (ML- Liberation) and some other streams of the movement believe?Close The boycott … [Read more...] about Politics | Jharkhand elections, ‘Samadhan’ and the Maoists