The proposition is compelling: a single platform bringing together information that customers, nominees, intermediaries, insurers, financial institutions, researchers and the regulator need today from scattered sources. It fits squarely with the regulator’s stated goal of Sabka Bima, Sabki Suraksha.
Bank lockers are considered to be safe haven for precious jewellery but recent incidents of theft have created concerns over this secure storage facility. One of the recent incidents of theft that came to light this month is from Kanpur where a woman allegedly stored jewels worth ₹50 lakh at the State Bank of India…
An Employees’ Provident Fund (EPF) account does not automatically turn into an inoperative account simply because there have been no contributions made in it for three consecutive years. To make it easier for eligible members to appreciate and better understand the rules, the Employees’ Provident Fund Organisation (EPFO) has specified the circumstances under which an…
The Ministry of Electronics and Information Technology (MeitY), in a press release dated 18 July, highlighted the growing adoption of the Aadhaar App, which has crossed four crore downloads. The ministry also said that Aadhaar holders have used the “Biometric Lock/Unlock” feature more than 1.91 crore times, indicating increased awareness around securing personal identity information….
Shares of BSE rose another 2% to a day’s high of Rs 3,475 on the NSE on Monday, extending their winning streak to three sessions and taking gains over the period to 10%. The renewed buying spree comes after the capital markets regulator, the Securities and Exchange Board of India (Sebi), issued a circular last…
Sugar prices in India have remained steadily over ₹60 per kg in most retail markets today, on 30 August, PTI reported. The stability in high prices comes despite several measures from the central government to tackle rise in cost of the commodity ahead of the festive season demand, official data showed, it added. Notably, the…
The Central Secretariat Service (CSS) Forum, in a statement said it hopes the 8th central pay commission (CPC) would consider enhancing the contribution and sum assured under the Central Government Employees Group Insurance Scheme (CGEIS), PTI reported on Saturday. The forum, an association of CSS officers, felt increased limits would be keeping in view present-day…