Insurance

  • Cabinet reviews Jan Dhan scheme; banks open over 3 crore accounts September 10, 2014

    New Delhi: The Cabinet, headed by Prime Minister Narendra Modi, on Wednesday took stock of the financial inclusion drive, Jan Dhan Yojana, under which banks have opened 3.02 crore accounts and mobilised about Rs 1,500 crore. "As of September 8,2014, 3.02 crore accounts have been opened, of which 1.89 crore are...
  • Delhi: FIR for theft registered after 10 days: Insurance claim denied September 5, 2014

    New Delhi The national consumer commission has rejected insurance claim of a man for his stolen tractor, noting that the FIR of the theft was registered ten days after the incident. National Consumer Disputes Redressal Commission (NCDRC), presided by Justice K S Chaudhari, passed the order while rejecting the revision petition...
  • Insurance Bill in Winter session of Parliament: Arun Jaitley August 30, 2014

    New Delhi: Optimistic of passing the Insurance Bill in the next session of Parliament, Finance Minister Arun Jaitley on Friday hoped Congress which mooted the hike in FDI cap to 49 per cent in the sector will not oppose it. "I am reasonably confident. Any political party which have mooted the...
  • Man deliberately crashes Bugati Veyron to avail $2.2 million insurance money August 29, 2014

    In a mobile clip recording, a man driving a fancy Bugati Veyron close to Texas, slammed into a saltwater marsh, ruining the car. During initial interrogation, the man named Andy House said that he rammed the car while trying to save a pelican but later investigations revealed that House had...
  • NDA's ambitious financial inclusion plan Jan Dhan Yojana launched, claims to benefit 1 crore on Day 1 August 28, 2014

    New Delhi: Prime Minister Narendra Modi on Thursday launched his government's ambitious financial inclusion plan, the Pradhan Mantri Jan Dhan Yojana (PMJDY) which aims to help the poor open bank accounts. PM Modi said that over one crore bank accounts had already been opened on the first day. "Around 80,000 camps...
  • Modi to launch Jan Dhan Yojana on August 28; 1 crore bank accounts on day 1 August 26, 2014

    New Delhi: The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself. As many as 76 mega functions are being organised at different...
  • Medical health cards mushroom as against insurance policies August 22, 2014

    New Delhi: With medical costs going through the roof, patients are in the frantic on looking for options that could save family budget from expenditures that cannot be done away due to the necessary procedures which the patients have to undergo. The traditional health insurance plans have been a solution until...
  • Insurance Bill proposing a hike in FDI limit sent to 15 member select committee August 14, 2014

    New Delhi: The Insurance bill that proposes to hike the FDI limit in insurance to 49% has been sent to a 15 member select committee. The committee comprises of BJP's Chandan Mitra, Mukhtar Abbas Naqvi, JP Nadda, Congress' Anand Sharma, JD Seelam, BSP MP SC Mishra, JDU's KC Tyagi, CPI's...
  • Parliament panel to review insurance bill in setback for government August 14, 2014

    New Delhi: The NDA government sent a landmark bill to liberalise the insurance sector to a parliament committee on Thursday after the opposition opposed the legislation in the upper house where it has a majority. Finance Minister Arun Jaitley said a select committee will examine the bill to increase the cap...
  • Centre may consider extending Parliament session to pass pending Bills: sources August 12, 2014

    New Delhi: The Narendra Modi government may consider extending Parliament session in order to pass pending Bills, said sources on Tuesday. Some of the pending Bills include the Insurance Laws Amendment Bill, which seeks to raise the cap on FDI in the insurance sector from the current 26 percent to 49...
  • Centre uncertain about passing changes in Juvenile Justice Act in current session August 7, 2014

    New Delhi: The amended Juvenile Justice Act could be sent to Parliament Standing Committee. After the Cabinet cleared the move to amend the Juvenile Justice Act on Wednesday allowing magistrates the power to decide if juveniles above the age of 16 who are involved in heinous crimes like rape and murder...
  • Most opposition parties want bill to be sent to select committee, says Congress August 7, 2014

    Prime Minister Narendra Modi on Thursday called a meeting with Finance Minister Arun Jaitley and Home Minister Rajnath Singh to discuss the Insurance Bill. Meanwhile, the Congress remains firm that the bill should be sent to a select committee. Congress leader Anand Sharma said, "Our stand on bill hasn't changed,...
  • No end to Insurance Bill deadlock, PM Modi meets Jaitley, Rajnath August 7, 2014

    New Delhi: The Insurance Bill deadlock is likely to rock Parliament on Thursday with the Opposition digging in its heels. The Congress remains firm that the bill be sent to a select committee. Prime Minister Narendra Modi on Thursday called a meeting with Finance Minister Arun Jaitley and Home Minister...
  • Will take everyone into confidence: Rajnath on Parliament business August 6, 2014

    New Delhi: With the Congress and some other parties continuing to oppose the proposed Insurance Bill, Home Minister Rajnath Singh on Wednesday said that the government will try its best to "take into confidence" everyone to get the legislation through in Parliament. "Our attempt will be to take everyone (all parties)...
  • Congress and BJP playing hide and seek over the insurance bill: KC Tyagi August 6, 2014

    In an interview with CNN-IBN, National Spokesperson of Janata Dal KC Tyagi said that Congress and Bharatiya Janta party (BJP) were playing hide and seek over the insurance bill. "We want the bill to be sent to the standing committee," said Tyagi. ...
  • Government buys time on Insurance Bill, likely to take final call on Thursday August 6, 2014

    New Delhi: There is no end to the deadlock between the government and the opposition parties on the Insurance Bill. Even as the Centre is buying more time over the issue, an all-party meeting scheduled for Wednesday has been scrapped. According to sources, the government is expected to take a...
  • India @ 9 with Anubha Bhonsle August 5, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • PM Narendra Modi faces early resistance in insurance reform push August 5, 2014

    New Delhi: Plans by the government to allow more foreign investment in India's still-small insurance sector has hit snags in Parliament, testing Prime Minister Narendra Modi's campaign promise to push through reforms to revive the economy. Over the past week, the government has twice sought to introduce legislation in the Upper...
  • Congress claims AIADMK support on Insurance Bill, Centre calls all-party meet August 5, 2014

    New Delhi: Trouble is growing for the Narendra Modi government over the Insurance Laws Amendment Bill as the Congress on Tuesday claimed that it has the support of AIADMK. To tide over the crisis the government has called all-party meet on Wednesday at 9:30 AM to discuss the Bill. The Congress demanded...
  • No double standards by the Congress on Insurance Bill, says Rahul Gandhi August 5, 2014

    New Delhi: With still no political consensus on the Insurance Laws Amendment Bill, Congress Vice President Rahul Gandhi has hit out at the Narendra Modi government. Rejecting Finance Minister Arun Jaitley's charges, Rahul told CNN-IBN that there are no double standards by the Congress on the Insurance Bill. Rahul's statement...
  • Borrowed Chidambaram's language in Insurance Bill, Congress shouldn't oppose it: Jaitley August 5, 2014

    New Delhi: There is still no political consensus on the Insurance Laws Amendment Bill which is expected to be the Narendra Modi government's first attempt at a reform. The Congress, which has been opposed to the Bill, has been given three options by the government to either approve, reject or...
  • Government ready for minor modifications in Insurance Bill: Jaitley August 4, 2014

    New Delhi: Reaching out to Congress, Finance Minister Arun Jaitley on Monday said the government is open to minor modifications in the Insurance Bill for its passage in the current session of the Parliament. "The Government is extremely anxious that the Insurance Bill, which has been...
  • Insurance Bill can be passed in Winter session: Congress August 4, 2014

    New Delhi: Congress on Monday kept the government guessing on the Insurance bill asking it to take on board all stakeholders and favouring the Select Committee route even as it insisted that the measure is its own "baby" and it is a "misnomer" that the party is opposed to it. "We...
  • Arun Jaitley talks tough on Insurance Bill, asks Congress to make its stand clear in Rajya Sabha August 4, 2014

    New Delhi: Finance Minister Arun Jaitley talked tough during the all-party meeting called to arrive at a consensus on the Insurance Laws Amendment Bill and told Congress leaders to either approve, reject or amend the legislation in the Rajya Sabha, sources said. Jaitley made it clear that the NDA government...
  • All-party meet on Insurance Laws Amendment Bill inconclusive August 4, 2014

    New Delhi: Even as the NDA government tries hard to get the Insurance Laws Amendment Bill passed in Parliament, the all-party meeting to resolve the deadlock was inconclusive. Nationalist Congress Party leader Praful Patel said that parties will meet again in the next two days to discuss the possible formulation...
  • Government delays introduction of Insurance Bill in Rajya Sabha, to meet Opposition August 4, 2014

    New Delhi: After the Narendra Modi government decided to postpone its plan to pass the Insurance Laws Amendment Bill in the Rajya Sabha on Monday, it has called for a meeting with leaders of major political parties. The parties include Congress, TMC, BJD, JDU, AIADMK, SP, BSP among others. Finance...
  • Insurance bill 'welcome gift' from government to John Kerry: CPM July 31, 2014

    New Delhi: With the insurance bill aimed at raising the FDI cap from 26 to 49 per cent listed in Parliament's agenda, CPI(M) on Thursday said that it was a "welcome gift" from the Narendra Modi government to visiting US Secretary of State John Kerry. "The Modi government has extended...
  • Insurance Bill likely to be taken up for discussion in Rajya Sabha on Monday July 31, 2014

    New Delhi: The Rajya Sabha is likely to take up for discussion on Monday the Insurance Bill which seeks to hike foreign investment cap in the sector to 49 per cent with a rider that management control remains with Indian promoters. "Insurance Bill is likely to be taken up for discussion...
  • Gehlot's free medicine scheme won't be stopped: Health minister July 30, 2014

    The state government on Wednesday assured the House that the Chief Minister Free Medicine Scheme launched by the previous dispensation in government-run hospitals would not be closed but would be linked with a health insurance scheme. Health Minister Rajendra Singh Rathore categorically rejected the supplementary questions of Opposition Congress MLA, Pradhyuman...
  • Judicial Appointments Bill in parliament likely next week July 29, 2014

    New Delhi: Government is considering bringing the Judicial Appointments Bill in Parliament next week after consultations within the party. According to sources, the government is initiating discussions within to bring the new bill for appointments in the judiciary to help bring transparency in the process of judicial appointments. The issue gained...