Assuring that a comprehensive financial package for farmers affected by unseasonal rains would be announced before the Budget Session ends, the Maharashtra government on Wednesday said it was planning a group insurance scheme to help the kin of farmers who committed suicide.
As President Pranab Mukherjee on Friday signed ordinances on raising FDI in insurance sector and facilitating e-auction of coal blocks, Shiv Sena said taking the ordinance route will keep a "sword dangling over the Centre's head" in the next six months.
Legislation to push economic reforms, including the insurance bill and the companies amendment bill, top government`s agenda for the upcoming week of parliament`s winter session, an official statement said.
Two-and-a-half years after he met with a crippling road accident that cut short his career, veteran Malayalam film actor Jagathy Sreekuamar was today awarded Rs 5.90 crore by a private insurance company as compensation.
Hitting back Finance Minister Arun Jaitley for accusing it of being obstructionist in Parliament, Congress on Sunday said it exposes BJP's "hypocricy and double standards" as the party had frequently "derailed" legislative business while it was in Opposition.
Union Agriculture Minister Radha Mohan Singh here today said that the Centre will bring out new crop insurance policy by removing shortcomings in the current policy and provide Soil Health Cards to all farmers in the country in next three years.
In view of massive floods resulting in loss of lives and belongings in Jammu & Kashmir, Insurance Regulatory Authority of India (IRDA) has asked life insurers to take immediate steps for expeditious settlement of claims.
Prime Minister Narendra Modi on Thursday launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.
Government is addressing the concerns raised by domestic suppliers over certain provisions of the CLND Act 2010 and is working out a scheme to obtain appropriate insurance cover from domestic insurance companies.
The government is working with a group of experts and officials of Nuclear Power Corporation of India, Finance Ministry, insurance companies to work out modalities of providing insurance cover to existing and new nuclear plants.