The Cashless Medical Insurance is provided by the Public Sector General Insurance Companies (PSGICs) through Third Party Administrators (TPAs). However, the health insurance portfolio is characterized by mounting losses mainly because some of the hos
The Minister for Corporate Affairs has said that as per information available in his Ministry, 135 Multinational Pharma companies are operating in India through their subsidiaries. Giving this information in written reply to a question in the Lok Sab
Embroiled in a controversy over distributing spectrum cheap, the government may ask the new telecom operators to pay an additional amount, over and above the Rs 1,651 crore they have already paid as licence fee. According to sources in the government
The Centre today said in the Lok Sabha that it does not intend to invest the provident fund of government employees, estimated at Rs 83,363 crore, in stock market. Minister of State for Finance Namo Narain Meena said
The government today said the Reserve Bank is scrutinising IPL related transactions of certain banks to check compliance under the foreign exchange rules. “The Reserve Bank of India (RBI) has undertaken scrutiny of IPL (cricket matches) related trans
Willing to play a role in examining the 2G spectrum scam, Corporate Affairs Minister Salman Khurshid today said his ministry will inspect the books of companies involved in the muddle provided a reference is made to it. We don’t want to look over an
The report issued by CAG on the 2G spectrum allocation indicates that it was the Anil Dhirubhai Ambani Group (ADAG) that benefited the most from the arbitrary and unfair manner in which licences were given in 2008. The CAG has found that Mr. Ambani’s
With some top officials being accused of indulging in corruption, FM Pranab Mukherjee has selected two officers of the revenue services with a `no nonsense’ approach to head the two revenue boards that control the country’s top revenue agencies.
Sebi’s diktat to listed companies to dematerialise at least 50% of the non-promoter holding by October 31 has been ignored by many companies. This has prompted stock exchanges to shift their securities to trade for trade, or T segment, as a punitive
The finance ministry is persistent in its attempts to get details of the black money stashed in foreign banks. Finance minister Pranab Mukherjee who met Liechtenstein’s acting head of state Prince Alois in this regard on Tuesday, expressed concerns over funneling of black money from India.
