Revolutionizing General Insurance in India: A Customer-Centric Approach
In a groundbreaking move, the Insurance Regulatory and Development Authority of India (IRDAI) has unveiled a comprehensive Master Circular, signaling a new era in the general insurance landscape. With the abolition of tariffs and the introduction of simplified policy wordings, the focus has shifted towards enhancing customer experience and operational efficiency for insurers.
Finance Ministry Update: New Interest Rates for Non-Government Funds
The Ministry of Finance, Department of Economic Affairs, New Delhi, issued a significant notification on June 10, 2024. This notification concerns the adjustment of interest rates for deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation, and Gratuity Funds. Effective from April 1, 2024, to June 30, 2024, the interest rate has been revised to 7.1%.
Deciphering the Consumer Price Index: Industrial Workers’ Perspective (February-April 2024)
The Ministry of Labour and Employment, through the Labour Bureau, regularly compiles the Consumer Price Index for Industrial Workers (CPI-IW), providing crucial insights into the economic landscape.
Kerala Govt Endorsed: Infection Control Certification
Are you a medical professional seeking to deepen your knowledge and skills in infection prevention and control? Look no further! The SRC Community College, under the State Resource Centre in Kerala, is offering a Certificate Program in Hospital Infection Prevention and Control.
Unlocking Opportunities: Telangana’s IT Industry Exemption
In a bid to foster growth and innovation within Telangana’s thriving information technology sector, the government has issued a landmark exemption from certain provisions of the Telangana Shops and Establishments Act, 1988. Effective May 30, 2024, this exemption applies specifically to information technology-enabled services (ITES) and information technology establishments across the state.
“Empowering Youth through Cooperative Endeavors: A Step towards Sustainable Growth”
In a significant stride towards economic empowerment, Kottayam witnesses the commencement of exports of value-added products from cooperative societies to Europe and America. This momentous occasion was marked by the inauguration of the study and research center of the E Nadu Youth Cooperative Society in Veliyannur, graced by the presence of the Cooperatives and Ports Minister.
“Important Notice: Tamil Nadu Government’s Finance Department Announces Securities Auction”
In a bid to raise funds, the Government of Tamil Nadu has announced the sale of 8-year securities worth Rs. 2000 crore through a public auction. The auction, to be conducted by the Reserve Bank of India at its Mumbai office in Fort, Mumbai, is scheduled for June 11, 2024. Competitive bids can be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System between 10:30 a.m. and 11:30 a.m., while non-competitive bids will be accepted between 10:30 a.m. and 11:00 a.m. on the same day
Empowering Vision: Maharashtra Governor’s Gift to Visually Impaired Youth
he event, a collaborative effort led by the Maharashtra State Human Rights Commission in conjunction with the District Legal Service Authority—Mumbai Suburban District, symbolized a significant stride toward inclusivity and technological advancement.
“Elevating Safety: The Uttar Pradesh Lifts and Escalators Act, 2024”
In a bid to enhance safety standards and regulate the installation, maintenance, and operation of lifts and escalators across Uttar Pradesh, the Uttar Pradesh Lifts and Escalators Act, 2024, has been enacted. This legislation aims to ensure the safe functioning of these vertical transportation systems, vital in both public and private premises.
Important Update: Maharashtra Labour Welfare Fund Contribution Rates
In accordance with the recent amendment to the Maharashtra Labour Welfare Fund Act 1953 by Maharashtra Act No. 25 dated March 18, 2024, all establishments that come under its purview are hereby notified of revised contribution rates effective June 2024.
