There is zero documentation required and it takes less than 2 minutes to generate a policy.

Muthoot Finance, India’s largest gold loan NBFC, has tied up with Bajaj Allianz General Insurance, India’s leading private general insurer, to provide insurance on gold jewellery as part of their new initiative – “Muthoot Gold Shield”, which is backed and powered by Group Affinity All Risk policy of Bajaj Allianz General Insurance.

Muthoot Gold Shield is the Gold Jewellery Insurance Scheme launched by Muthoot Finance for its customers in partnership with Bajaj Allianz General Insurance. The policy provides insurance coverage of gold jewellery for individuals. This is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of the gold loan and release of gold ornaments. It will provide insurance coverage to the customers of Muthoot Finance as a loyalty product

Read More

 India's government is working on the next stimulus package to support the economy amid positive signs of a fall in COVID-19 cases, a senior finance ministry official said on Wednesday.

The government has received suggestions from various ministries and sectors on needed measures, 
Tarun Bajajeconomic affairs secretary at the ministry of finance, told a virtual conference.

Read More

RBI Monetary Policy LIVE Updates: Central Bank keeps repo rate unchanged at 4%; maintains accomodative stance, said RBI Governor Shaktikanta Das

 

Read More

NEW DELHI: The road transport ministry has approved the formula for initiating the mandatory recall of vehicles of a particular model, if there are complaints of identical defects. The trigger for such recall will be linked to the percentage of complaints received from consumers and the annual sale volume of the particular model. In the case  ..

Read More

The ministry of corporate affairs (MCA) has extended the deadline for the Companies Fresh Start Scheme (CFSS) and the LLP Settlement Scheme till the end of the year.

Both the schemes, aimed at improving compliance with regulatory filings, were ending on Wednesday.


Read More

Guwahati: The Assam government comes to the rescue of the ailing tea industry. It has announced interest subvention of three per cent on the working capital loan taken by the tea estates. A subsidy of ₹7 per kg will be provided

Read More

If India only reforms when under pressure, then now should be a moment for big changes: Gross domestic product contracted nearly 24% in the second quarter, more than any other large economy; tens of millions have lost jobs in the formal and informal sectors; and the country is adding over 85,000 confirmed coronavirus cases each day. There’s an obvious place for the government to start, too: fixing India’s failed special economic zones.
China, of course, pioneered the idea of testing politica ..

Read More

The UK India Business Council has signed an MoU with West Bengal Industrial Development Corporation (WBIDC), to focus on accelerating industrial development in the state. This collaborative partnership between the UKIBC and West Bengal government will help to boost business and industrial development in the state by proactively developing the business environment and strengthening collaboration with British businesses in the state, a senior official said.

Read More

Technology revolutions of the last few decades and falling cost of technology create new opportunities for insurers to harness the data.

 

Read More

The new government must lower taxes on equity, including dividends and capital gains, to boost the entrepreneurial spirit, CII president Vikram Kirloskar has said. Kirloskar is looking forward to measures that can enhance farmer income, focus on investment revival, job creation and improved consumption, as these were key to driving the economy growth above 7.2% this fiscal. The chairman and managing director of Kirloskar Systems Ltd and vice-chairman of Toyota Kirloskar Motor took charge of the Confederation of Indian Industry (CII) in April. He said there is a need to make investment in equity more attractive to boost investment in the economy. 

Read More

The report on Periodic Labour Force Survey 2017-18 has now been released. Critics of Prime Minister Narendra Modi had made much of the leaked estimate of unemployment rate of 6.1%. Hoping to turn voters against him, they repeated ad nauseam that unemployment rate had turned the highest in 45 years. But with their blinkered vision, they failed to see that the flip side of unemployment rate is employment rate, which stood at a hefty 94%. For most voters, unemployment was not an issue. But the survey does point to a difficult road ahead for India. It reveals that the transition of workers out of agriculture into industry and services has continued to move at a snail’s pace. Agriculture’s share of employment, which had fallen rather slowly from 58.5% in 2004-05 to 48.9% in 2011-12, fell yet more slowly in the following six years to 44.1% in 2017-18. The fact that 44.1% of workers employed in agriculture produce only 15% of GDP means that output per worker in this sector is less than one-fourth of that in industry and services combined. With output per worker in industry and services itself low, per-worker output in agriculture is truly tiny. 

Read More

The Sashakt Committee has recommended that the existing Inter-Creditor Agreement to incorporate the revised voting threshold and other changes for decision making stipulated by the Reserve Bank of India. In a statement it said that this will enable expeditious implementation of the new framework on stressed assets. “The Sashkat ICA can be modified to incorporate the requirements of New Framework and serve as the Master Inter-Creditor Agreement for resolution of all stressed asset under BLRA. The New Framework is pragmatic and a step in the right direction. It takes care of all stakeholders interests,” said Sunil Mehta, chairman of Sashakt Committee.

Read More

The government could offer incentives in the form of tax breaks or subsidies to prompt India Inc to adopt a new standard that aims to drive use of new technology and digitisation, a senior official said. “A major initiative is being mulled to push the industry to adopt ‘Industry 4.0’,” the official said. Industry 4.0, or the fourth industrial revolution, will have as its mainstay increased digitisation and interconnection of products, value chains and business models. It has been devised by the Niti Aayog. 

Read More

The government is set to bring in a new mass transport system-LRT-Metrolite-for Tier-II and Tier-III cities. Metrolite will be dedicated rail corridors in cities and towns with tracks on surface instead of elevated or underground stretches as is the case with Metro rail corridors across the country. 

Read More
Farmers take to the streets over farm Bills

They block rail, road traffic; accuse Centre of implementing ‘anti-farmer’ policies

Tata Sons offers to buy out Shapoorji Pallonji Group's stake in shares dispute

Tata Sons has offered to buy out Shapoorji Pallonji group's stake in the holding company to help the group raise money to pay its debt. The Supreme Court has also barred the Mistry group from pledging or selling any Tata shares until October 28, when it starts hearing final arguments in the case.


Government plans Metrolite for rapid transport in Tier-II, Tier-III cities

The government is set to bring in a new mass transport system-LRT-Metrolite-for Tier-II and Tier-III cities. Metrolite will be dedicated rail corridors in cities and towns with tracks on surface instead of elevated or underground stretches as is the case with Metro rail corridors across the country. 

Mahindra reports 3% decline in total sales at 45,421 units in May

Auto major Mahindra and Mahindra Saturday reported 3 per cent decline in total sales at 45,421 units in May. The company had sold 46,848 units in the same month last year, M&M said in a statement. 

It was discussed in a meeting of Mutual Fund Advisory Committee members held recently with SEBI chief

Following the recent crisis in debt mutual funds, capital and commodity markets regulator Securities and Exchange Board of India is considering a proposal to make fund managers more accountable-by linking their remuneration to the performance of the schemes managed by them. Sources told Moneycontrol that the proposal was discussed at the recent meeting of the Mutual Fund Advisory Committee, at which SEBI chairman Ajay Tyagi was present. An industry source who attended the meeting said a sub-committee would be set up to frame guidelines. Asset Management Companies  are grumbling at what they see as micromanagement by the regulator. “If SEBI implements such norms, good fund managers may not want to stay in this business,” said a mutual fund executive on condition of anonymity. Mutual Fund CEOs get anywhere between Rs 7-30 crore in annual remuneration.

Punjab surpasses Centre’s target, set for record produce

Riding on a bumper crop, Punjab has procured 130.15 lakh tonnes of wheat this season, the highest in 20 years, surpassing the targets set by the state and the central governments. The feat becomes all the stupendous considering the fact that this year, there was lesser area under wheat crop and the yield in at least 50 per cent of the districts was marred by the unseasonal rain and hailstorms.

China proposes ASEAN+3 mega free trade agreement sans India, Australia and NZ

India could be out of the mega trade deal being negotiated between 16 countries, including the ASEAN and China, if a proposal made by Beijing for a free trade pact excluding New Delhi is taken seriously by other members. “China has started pushing for a free trade pact between ASEAN + 3 (which includes the ten-member ASEAN, China, Japan and South Korea) at the East Asia Summit. This would effectively mean that among the 16 countries negotiating the Regional Comprehensive Economic Partnership (RCEP), all except India, Australia and New Zealand would get included in the proposed pact,” an official told BusinessLine.

× NSE Reports Create Your Portfolio Trade Finder Mutual Funds Demat Account Open Need a Help
☰ OPEN LINK