Indian insurance firms are geared to withstand the economic downturn, as premium growth in general insurance segment will remain in positive territory and life premiums will stay broadly flat despite the weakening economy, Moody’s Investors Service on Wednesday said. Continue Reading
Many MSME units which are export dependant are on the verge of closure, K E Raghunathan, convenor of Consortium of Indian Associations, said today. Continue Reading
Allaying apprehensions of stakeholders, United Bank of India MD and CEO Ashok Kumar Pradhan said there will be ‘no retrenchment’ of human resource of the three banks or no voluntary retirement scheme (VRS) will come in the process of merger of these state-run lenders. Continue Reading
The agency revised its outlook after industry volume witnessed sharpest decline at 13.3 per cent in April-August over the year-ago period. Continue Reading
Finance Minister Nirmala Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. Continue Reading
Former Prime Minister Manmohan Singh on Sunday said the state of the economy was “deeply worrying” and urged the government to put aside “vendetta politics” and reach out to sane voices and thinking minds to steer the economy out of this “man-made crisis”. Continue Reading
BJP lawmaker Subramanian Swamy has said the withdrawal of Jammu and Kashmir’s special status was correct but the state of the economy “needs to be corrected” as this issue is also important for national security and nation-building. Continue Reading