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Expert committee on Health Insurance suggest changes in disclaimer wordings

An expert committee on Health Insurance has suggested changing the wordings of disclaimer in advertisements of insurance companies. The Insurance Regulatory and Development Authority of India, IRDAI mandates that all insurance companies issue a disclaimer, "Insurance is a subject matter of solicitat...


Centre to soon privatise 8 loss-making hotels run by ITDC

Tourism Minister Mahesh Sharma said that Government will soon privatise eight loss-making hotels run by India Tourism Development Corporation, ITDC. Talking to PTI, Mr Sharma said that government is planning to offload all the sick units. The Minister said, out of 16 hotels, eight are in very bad sh...


Pak central bank slashes benchmark interest rates to a 42-year low of 7%

Pakistan's central bank slashed the benchmark interest rates to a 42-year low of seven percent, hoping to stimulate growth in the long dormant economy. Ashraf Mahamood Wathra, the Governor of the State Bank of Pakistan yesterday told a press conference in Islamabad that the apex bank is cutting...


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